National Presto Industries (NPK) FY2017 results: revenue $334 million, down 2.4% on the year
National Presto Industries Inc. (NPK) reported revenue of $334 million for fiscal 2017, the year ended 31 December 2017, down 2.4% on the year before. Net income was $53 million, up 18.8%, and diluted earnings per share $7.58. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2019.
Revenue
$334 million
-2.4% on the year
FY2010FY2017
Operating margin
18.5%
18.3% a year earlier
FY2010FY2017
Net income
$53 million
+18.8% on the year
FY2010FY2017
Diluted EPS
$7.58
+18.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
334
342
356
-2.4%
Cost of revenue
246
256
266
-3.8%
Gross profit
87.2
85.7
89.6
+1.8%
Gross margin
26.1%
25.1%
25.2%
Selling, general and administrative
22.9
22.4
21.7
+2.1%
Operating income
61.7
62.5
62.5
-1.3%
Operating margin
18.5%
18.3%
17.6%
Pre-tax income
65.3
63.3
62.9
+3.1%
Income tax
22.0
21.4
20.8
+2.6%
Effective tax rate
33.7%
33.8%
33.0%
Net income
53.0
44.6
40.5
+18.8%
Net margin
15.9%
13.0%
11.4%
Diluted EPS
$7.58
$6.39
$5.83
+18.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
24.3
66.4
46.3
-63.4%
Capital expenditure
7.4
7.0
6.5
+6.4%
Free cash flow
16.9
59.4
39.8
-71.6%
Free cash flow margin
5.1%
17.4%
11.2%
Cash from investing
-2.1
-60.8
-16.3
Cash from financing
-38.0
-34.7
-27.8
Depreciation and amortisation
9.8
8.9
8.8
+10.9%
Share-based compensation
0.5
0.4
0.3
+39.4%
Dividends paid
38.4
35.2
28.1
+9.2%
Shares outstanding at period end
7m
7m
7m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
366
350
339
+4.6%
Debt
0.0
0.0
n/a
Other liabilities
45.5
67.4
48.1
-32.5%
Total liabilities and equity
412
418
387
-1.4%
Fixed assets
45.2
49.5
53.2
-8.7%
Goodwill
11.5
11.5
11.5
0.0%
Intangible assets
3.3
5.0
5.5
-32.9%
Investments
144
84.5
32.3
+70.8%
Cash and equivalents
11.2
27.0
56.2
-58.5%
Receivables
65.2
67.3
55.6
-3.1%
Inventory
104
95.4
88.9
+9.5%
Other assets
26.8
77.5
84.3
-65.5%
Total assets
412
418
387
-1.4%
10-K for the year ended 31 December 2017, filed 15 March 2019: the filing.