National Presto Industries (NPK) FY2023 results: revenue $341 million, up 6.0% on the year
National Presto Industries Inc. (NPK) reported revenue of $341 million for fiscal 2023, the year ended 31 December 2023, up 6.0% on the year before. Net income was $35 million, up 67.0%, and diluted earnings per share $4.86. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2024.
Revenue
$341 million
+6.0% on the year
FY2016FY2023
Operating margin
10.3%
6.9% a year earlier
FY2016FY2023
Net income
$35 million
+67.0% on the year
FY2016FY2023
Diluted EPS
$4.86
+66.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
45.4
8.8
34.7
+417.7%
Capital expenditure
1.8
1.0
2.9
+78.6%
Free cash flow
43.5
7.7
31.8
+462.8%
Free cash flow margin
12.8%
2.4%
8.9%
Cash from investing
-0.4
-16.4
32.5
Cash from financing
-28.0
-31.4
-43.5
Depreciation and amortisation
6.0
3.0
3.0
+101.6%
Share-based compensation
0.6
0.5
0.5
+28.8%
Dividends paid
28.4
31.8
44.1
-10.8%
Diluted shares, weighted
7m
7m
7m
+0.4%
Shares outstanding at period end
7m
7m
7m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
356
348
358
+2.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
10.0
10.2
9.6
-1.7%
Other liabilities
74.3
53.6
53.2
+38.5%
Total liabilities and equity
441
412
420
+7.0%
Fixed assets
39.2
41.8
36.7
-6.1%
Goodwill
19.4
18.6
15.3
+4.6%
Intangible assets
5.3
6.9
2.6
-23.6%
Investments
26.5
24.9
34.2
+6.4%
Cash and equivalents
87.7
70.7
110
+24.0%
Receivables
48.7
71.0
53.4
-31.4%
Inventory
190
152
144
+25.2%
Other assets
23.3
25.8
24.5
-9.7%
Total assets
441
412
420
+7.0%
10-K for the year ended 31 December 2023, filed 15 March 2024: the filing.