National Presto Industries (NPK) FY2020 results: revenue $353 million, up 14.3% on the year
National Presto Industries Inc. (NPK) reported revenue of $353 million for fiscal 2020, the year ended 31 December 2020, up 14.3% on the year before. Net income was $47 million, up 11.2%, and diluted earnings per share $6.67. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2021.
Revenue
$353 million
+14.3% on the year
FY2013FY2020
Operating margin
15.9%
15.0% a year earlier
FY2013FY2020
Net income
$47 million
+11.2% on the year
FY2013FY2020
Diluted EPS
$6.67
+11.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
353
309
323
+14.3%
Cost of revenue
268
237
247
+13.2%
Gross profit
84.9
71.9
75.9
+18.1%
Gross margin
24.1%
23.3%
23.5%
Selling, general and administrative
28.5
25.5
23.3
+12.0%
Operating income
56.2
46.4
47.9
+21.2%
Operating margin
15.9%
15.0%
14.8%
Pre-tax income
60.0
52.3
52.3
+14.7%
Income tax
13.0
11.8
12.4
+10.7%
Effective tax rate
21.7%
22.5%
23.8%
Net income
47.0
42.2
39.9
+11.2%
Net margin
13.3%
13.7%
12.4%
Diluted EPS
$6.67
$6.01
$5.70
+11.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
41.0
9.6
76.2
+327.6%
Capital expenditure
2.6
3.1
8.7
-16.5%
Free cash flow
38.4
6.4
67.6
+495.1%
Free cash flow margin
10.9%
2.1%
20.9%
Cash from investing
7.2
55.2
10.8
-87.0%
Cash from financing
-41.7
-42.0
-41.5
Depreciation and amortisation
3.0
3.7
6.2
-18.5%
Share-based compensation
0.4
0.8
0.5
-55.9%
Dividends paid
42.2
42.1
42.0
+0.2%
Diluted shares, weighted
7m
n/a
n/a
Shares outstanding at period end
7m
7m
7m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
374
368
366
+1.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
2.8
3.0
n/a
-7.0%
Other liabilities
56.0
39.3
47.5
+42.6%
Total liabilities and equity
433
410
414
+5.6%
Fixed assets
37.1
37.3
39.1
-0.4%
Goodwill
15.3
15.3
11.5
0.0%
Intangible assets
2.8
3.1
1.0
-7.2%
Investments
69.0
78.7
135
-12.4%
Cash and equivalents
86.0
79.6
56.8
+8.1%
Receivables
53.7
41.5
52.4
+29.4%
Inventory
135
129
94.0
+5.4%
Other assets
33.7
26.3
24.2
+28.3%
Total assets
433
410
414
+5.6%
10-K for the year ended 31 December 2020, filed 16 March 2021: the filing.