National Presto Industries (NPK) FY2014 results: revenue $347 million, down 17.4% on the year
National Presto Industries Inc. (NPK) reported revenue of $347 million for fiscal 2014, the year ended 31 December 2014, down 17.4% on the year before. Net income was $26 million, down 35.8%, and diluted earnings per share $3.82. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2015.
Revenue
$347 million
-17.4% on the year
FY2009FY2014
Operating margin
13.2%
13.7% a year earlier
FY2009FY2014
Net income
$26 million
-35.8% on the year
FY2009FY2014
Diluted EPS
$3.82
-36.0% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
347
420
472
-17.4%
Cost of revenue
266
341
378
-22.0%
Gross profit
81.3
79.4
94.9
+2.5%
Gross margin
23.4%
18.9%
20.1%
Selling, general and administrative
21.4
21.2
34.1
+0.9%
Operating income
45.8
57.6
59.7
-20.5%
Operating margin
13.2%
13.7%
12.6%
Pre-tax income
46.2
58.3
60.4
-20.8%
Income tax
15.4
17.1
21.5
-9.6%
Effective tax rate
33.4%
29.3%
35.7%
Net income
26.5
41.3
38.9
-35.8%
Net margin
7.6%
9.8%
8.2%
Diluted EPS
$3.82
$5.97
$5.64
-36.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
n/a
24.2
62.3
Capital expenditure
11.3
36.3
13.6
-68.9%
Free cash flow
n/a
-12.0
48.8
Free cash flow margin
n/a
-2.9%
10.3%
Cash from investing
n/a
n/a
-13.6
Cash from financing
n/a
n/a
-85.3
Depreciation and amortisation
15.5
8.9
11.2
+73.4%
Share-based compensation
0.3
0.1
0.1
+115.4%
Dividends paid
35.0
n/a
86.1
Diluted shares, weighted
n/a
n/a
7m
Shares outstanding at period end
7m
7m
7m
+0.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
325
333
291
-2.1%
Other liabilities
48.6
54.2
63.3
-10.3%
Total liabilities and equity
374
387
354
-3.3%
Fixed assets
95.5
89.6
61.9
+6.6%
Goodwill
11.5
11.5
14.3
0.0%
Intangible assets
10.6
24.7
3.4
-56.9%
Investments
22.4
36.4
55.6
-38.5%
Cash and equivalents
54.0
23.0
37.4
+135.5%
Receivables
68.8
84.3
76.4
-18.5%
Inventory
89.1
92.5
83.4
-3.7%
Other assets
22.1
24.8
21.5
-10.8%
Total assets
374
387
354
-3.3%
10-K for the year ended 31 December 2014, filed 16 March 2015: the filing.