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National Presto Industries (NPK) FY2024 results: revenue $388 million, up 13.9% on the year

National Presto Industries Inc. (NPK) reported revenue of $388 million for fiscal 2024, the year ended 31 December 2024, up 13.9% on the year before. Net income was $41 million, up 20.0%, and diluted earnings per share $5.82. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2025.

Revenue
$388 million
+13.9% on the year
FY2017FY2024
Operating margin
11.6%
10.3% a year earlier
FY2017FY2024
Net income
$41 million
+20.0% on the year
FY2017FY2024
Diluted EPS
$5.82
+19.8% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue388341322+13.9%
Cost of revenue310273266+13.2%
Gross profit78.667.555.1+16.5%
Gross margin20.2%19.8%17.1%
Selling, general and administrative31.830.827.1+3.4%
Operating income45.235.022.1+29.1%
Operating margin11.6%10.3%6.9%
Pre-tax income50.742.425.9+19.4%
Income tax9.27.95.2+17.0%
Effective tax rate18.2%18.6%20.2%
Net income41.534.620.7+20.0%
Net margin10.7%10.1%6.4%
Diluted EPS$5.82 basic$4.86 basic$2.92 basic+19.8%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow-53.445.48.8
Capital expenditure7.51.81.0+309.3%
Free cash flow-61.043.57.7
Free cash flow margin-15.7%12.8%2.4%
Cash from investing15.0-0.4-16.4
Cash from financing-31.5-28.0-31.4
Depreciation and amortisation5.06.03.0-16.0%
Share-based compensation0.50.60.5-19.9%
Dividends paid32.028.431.8+12.8%
Diluted shares, weighted7m7m7m+0.3%
Shares outstanding at period end7m7m7m+0.3%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity368356348+3.2%
Debt0.00.00.0
Operating lease liabilities9.410.010.2-5.9%
Other liabilities76.474.353.6+2.8%
Total liabilities and equity453441412+2.9%
Fixed assets43.239.241.8+10.2%
Goodwill19.419.418.60.0%
Intangible assets3.85.36.9-28.6%
Investments5.026.524.9-81.1%
Cash and equivalents17.787.770.7-79.8%
Receivables62.348.771.0+27.8%
Inventory278190152+46.0%
Other assets24.023.325.8+2.9%
Total assets453441412+2.9%

10-K for the year ended 31 December 2024, filed 14 March 2025: the filing.