National Presto Industries (NPK) FY2019 results: revenue $309 million, down 4.6% on the year
National Presto Industries Inc. (NPK) reported revenue of $309 million for fiscal 2019, the year ended 31 December 2019, down 4.6% on the year before. Net income was $42 million, up 5.7%, and diluted earnings per share $6.01. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2020.
Revenue
$309 million
-4.6% on the year
FY2012FY2019
Operating margin
15.0%
14.8% a year earlier
FY2012FY2019
Net income
$42 million
+5.7% on the year
FY2012FY2019
Diluted EPS
$6.01
+5.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
309
323
334
-4.6%
Cost of revenue
237
247
246
-4.4%
Gross profit
71.9
75.9
87.2
-5.2%
Gross margin
23.3%
23.5%
26.1%
Selling, general and administrative
25.5
23.3
22.9
+9.3%
Operating income
46.4
47.9
61.7
-3.2%
Operating margin
15.0%
14.8%
18.5%
Pre-tax income
52.3
52.3
65.3
-0.1%
Income tax
11.8
12.4
22.0
-5.5%
Effective tax rate
22.5%
23.8%
33.7%
Net income
42.2
39.9
53.0
+5.7%
Net margin
13.7%
12.4%
15.9%
Diluted EPS
$6.01
$5.70
$7.58
+5.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
9.6
76.2
24.3
-87.4%
Capital expenditure
3.1
8.7
7.4
-63.9%
Free cash flow
6.4
67.6
16.9
-90.5%
Free cash flow margin
2.1%
20.9%
5.1%
Cash from investing
55.2
10.8
-2.1
+408.7%
Cash from financing
-42.0
-41.5
-38.0
Depreciation and amortisation
3.7
6.2
9.8
-40.7%
Share-based compensation
0.8
0.5
0.5
+77.0%
Dividends paid
42.1
42.0
38.4
+0.2%
Shares outstanding at period end
7m
7m
7m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
368
366
366
+0.5%
Debt
0.0
0.0
0.0
Operating lease liabilities
3.0
n/a
n/a
Other liabilities
39.3
47.5
45.5
-17.3%
Total liabilities and equity
410
414
412
-0.8%
Fixed assets
37.3
39.1
45.2
-4.8%
Goodwill
15.3
11.5
11.5
+33.4%
Intangible assets
3.1
1.0
3.3
+205.9%
Investments
78.7
135
144
-41.5%
Cash and equivalents
79.6
56.8
11.2
+40.0%
Receivables
41.5
52.4
65.2
-20.8%
Inventory
129
94.0
104
+36.8%
Other assets
26.3
24.2
26.8
+8.7%
Total assets
410
414
412
-0.8%
10-K for the year ended 31 December 2019, filed 11 March 2020: the filing.