National Presto Earnings Rise as Defense Sales Grow; Tariff Refund Aids Housewares
Photo: TokenPost
National Presto Industries, Inc. posted higher third-quarter earnings after defense shipments lifted segment sales and a tariff refund supported operating profit in its Housewares/Small Appliances business. Net sales for the quarter ended Oct. 4 reached $144.308 million, compared with $115.463 million in the year-earlier period. Net earnings were $19.977 million, or $2.79 per share, versus $5.317 million, or $0.74 per share. Defense sales increased $29 million, or 31.3%, year over year, while operating earnings for the segment rose $7.1 million, or 61.8%.
Source: TokenPost
