National Presto Industries (NPK) Q3 FY2023 earnings: revenue $83 million, up 19.3% on the year

National Presto Industries Inc. (NPK) reported revenue of $83 million for Q3 FY2023, the quarter ended 1 October 2023, up 19.3% on the same quarter a year earlier. Net income was $7 million, down 21.4% on the year, and diluted earnings per share $0.99. The figures are the company's own, from the 10-Q it filed with the SEC on 13 November 2023.

Revenue$83 millionup 19.3%

Net income$7 milliondown 21.4%

Diluted EPS$0.99

QuarterQ3 FY2023ended 1 October 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	83.1	n/a	n/a	n/a
Cost of revenue	67.7	n/a	n/a	n/a
Gross profit	15.4	n/a	n/a	n/a
Gross margin	18.5%	n/a	n/a
Selling, general and administrative	7.9	n/a	n/a	n/a
Operating income	7.1	n/a	n/a	n/a
Operating margin	8.5%	n/a	n/a
Pre-tax income	8.8	n/a	n/a	n/a
Income tax	1.8	n/a	n/a	n/a
Effective tax rate	20.6%	n/a	n/a
Net income	7.0	n/a	n/a	n/a
Net margin	8.4%	n/a	n/a
Diluted EPS	$0.99	n/a	n/a	n/a

$ million except per share.

Free 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 and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	-4.2	n/a	n/a	n/a
Capital expenditure	0.9	n/a	n/a	n/a
Free cash flow	-5.1	n/a	n/a	n/a
Free cash flow margin	-6.1%	n/a	n/a
Cash from investing	1.3	n/a	n/a	n/a
Cash from financing	0.0	n/a	n/a	n/a
Depreciation and amortisation	1.2	n/a	n/a	n/a
Dividends paid	0.0	n/a	n/a	n/a
Diluted shares, weighted	7m	n/a	n/a	n/a
Shares outstanding at period end	7m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	343	n/a	n/a	n/a
Debt	0.0	n/a	n/a	n/a
Operating lease liabilities	9.9	n/a	n/a	n/a
Other liabilities	63.4	n/a	n/a	n/a
Total liabilities and equity	416	n/a	n/a	n/a
Fixed assets	40.6	n/a	n/a	n/a
Goodwill	19.4	n/a	n/a	n/a
Intangible assets	5.7	n/a	n/a	n/a
Investments	25.0	n/a	n/a	n/a
Cash and equivalents	70.4	n/a	n/a	n/a
Inventory	183	n/a	n/a	n/a
Other assets	72.0	n/a	n/a	n/a
Total assets	416	n/a	n/a	n/a

Questions

What was National Presto Industries' revenue in Q3 FY2023?

National Presto Industries (NPK) reported revenue of $83 million for Q3 FY2023, the quarter ended 1 October 2023, up 19.3% on the same quarter a year earlier.

How much did National Presto Industries earn in Q3 FY2023?

Net income for Q3 FY2023 was $7 million, down 21.4% on the year, and diluted earnings per share $0.99.

When did National Presto Industries report Q3 FY2023 results?

National Presto Industries filed its 10-Q for the quarter ended 1 October 2023 with the SEC on 13 November 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	83.1	98.4	76.7	85.1	91.8	135	104	120	115	164	119	147
Cost of revenue	67.7	77.8	62.8	70.4	n/a	102	85.5	102	99.5	136	101	118
Gross profit	15.4	20.7	13.9	14.7	17.2	32.8	18.1	18.5	16.0	27.7	17.5	28.5
Gross margin	19%	21%	18%	17%	19%	24%	17%	15%	14%	17%	15%	19%
SG&A	7.9	7.0	7.2	8.0	n/a	9.1	8.7	9.4	9.2	8.6	10.7	8.7
Operating income	7.1	n/a	6.3	6.4	n/a	23.4	9.1	6.1	6.4	18.7	8.0	19.4
Operating margin	9%	n/a	8%	7%	n/a	17%	9%	5%	6%	11%	7%	13%
Pre-tax income	8.8	15.2	8.4	7.8	n/a	24.1	9.8	6.6	6.9	18.8	8.6	20.2
Tax rate	21%	13%	21%	23%	n/a	14%	22%	22%	22%	20%	23%	22%
Net income	7.0	13.2	6.6	6.1	8.1	20.7	7.6	5.2	5.3	15.0	6.6	15.9
Net margin	8%	13%	9%	7%	9%	15%	7%	4%	5%	9%	6%	11%
Diluted EPS	$0.99	$1.85	$0.92	$0.85	$1.13	$2.92	$1.07	$0.72	$0.74	$2.10	$0.93	$2.21
Operating cash flow	-4.2	16.6	5.6	-33.9	n/a	-7.6	12.5	-10.9	-24.6	13.9	31.3	12.8
Capital expenditure	0.9	n/a	0.4	0.8	n/a	3.6	23.0	2.5	0.1	1.5	1.9	3.5
Free cash flow	-5.1	n/a	5.2	-34.6	n/a	-11.2	-10.5	-13.4	-24.7	12.4	29.4	9.3
Dividends paid	0.0	0.0	32.0	0.0	n/a	0.0	7.1	0.0	0.0	0.0	7.2	0.0
Shares outstanding	7m	7m	7m	7m	7m	7m	7m	7m	7m	7m	7m	7m
Filing	10-Q	10-K	10-Q	10-Q	10-K	10-K	10-Q	10-K	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 1 October 2023, filed 13 November 2023, accession 0001437749-23-031605: the filing on EDGAR. All of National Presto Industries Inc.'s filings: EDGAR company page.

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