National Presto Industries (NPK) FY2016 results: revenue $342 million, down 3.9% on the year
National Presto Industries Inc. (NPK) reported revenue of $342 million for fiscal 2016, the year ended 31 December 2016, down 3.9% on the year before. Net income was $45 million, up 10.0%, and diluted earnings per share $6.39. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2019.
Revenue
$342 million
-3.9% on the year
FY2009FY2016
Operating margin
18.3%
17.6% a year earlier
FY2009FY2016
Net income
$45 million
+10.0% on the year
FY2009FY2016
Diluted EPS
$6.39
+9.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
342
356
347
-3.9%
Cost of revenue
256
266
266
-3.7%
Gross profit
85.7
89.6
81.3
-4.4%
Gross margin
25.1%
25.2%
23.4%
Selling, general and administrative
22.4
21.7
21.4
+3.2%
Operating income
62.5
62.5
45.8
-0.0%
Operating margin
18.3%
17.6%
13.2%
Pre-tax income
63.3
62.9
46.2
+0.6%
Income tax
21.4
20.8
15.4
+3.1%
Effective tax rate
33.8%
33.0%
33.4%
Net income
44.6
40.5
26.5
+10.0%
Net margin
13.0%
11.4%
7.6%
Diluted EPS
$6.39
$5.83
$3.82
+9.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
66.4
46.3
n/a
+43.4%
Capital expenditure
7.0
6.5
11.3
+7.6%
Free cash flow
59.4
39.8
n/a
+49.3%
Free cash flow margin
17.4%
11.2%
n/a
Cash from investing
-60.8
-16.3
n/a
Cash from financing
-34.7
-27.8
n/a
Depreciation and amortisation
8.9
8.8
15.5
+0.5%
Share-based compensation
0.4
0.3
0.3
+17.4%
Dividends paid
35.2
28.1
35.0
+25.1%
Shares outstanding at period end
7m
7m
7m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
350
339
325
+3.2%
Debt
0.0
n/a
n/a
Other liabilities
67.4
48.1
48.6
+40.0%
Total liabilities and equity
418
387
374
+7.8%
Fixed assets
49.5
53.2
95.5
-6.9%
Goodwill
11.5
11.5
11.5
0.0%
Intangible assets
5.0
5.5
10.6
-9.3%
Investments
84.5
32.3
22.4
+161.8%
Cash and equivalents
27.0
56.2
54.0
-51.9%
Receivables
67.3
55.6
68.8
+21.1%
Inventory
95.4
88.9
89.1
+7.3%
Other assets
77.5
84.3
22.1
-8.1%
Total assets
418
387
374
+7.8%
10-K for the year ended 31 December 2016, filed 15 March 2019: the filing.