National Presto Industries Inc.: Q3 FY2025 earnings call

What management said about Q3 FY2025, from the documents filed with the SEC on 27 October 2025: press release. The quarter’s numbers.

Key takeaways

Quarter sales rose 25.7%: Third-quarter net sales were $115,463,000, up $23.6 million from $91,823,000 a year earlier. Management attributed the increase largely to Defense segment shipments from backlog. Source
Net earnings declined year over year: Net earnings were $5,317,000, or $.74 per share, against $8,083,000, or $1.13 per share, a year earlier. Weighted shares outstanding were 7,150,000. Source
Defense revenue rose 38.6%: Defense revenues rose $25.8 million or 38.6%, reflecting shipments drawn from backlog. Source
Housewares revenue fell 9.2%: Housewares/Small Appliance revenue fell $2.3 million or 9.2%, which management attributed to retailers’ initial reluctance to accept tariff-induced price increases. Source
Segment posted sizable operating loss: The segment reported a sizable operating loss, which management said was largely due to the Trump tariffs, as in the second quarter. Source
Safety sales nominal, loss reported: The startup Safety segment reported nominal sales and a loss. Source
Tariffs treated as period costs: Management said the Trump tariffs are generally treated as period costs, expensed as incurred, reflecting the Housewares segment’s LIFO inventory cost valuation method. Source

“Net sales during third quarter 2025 were up $23.6 million or 25.7% from those recorded in the prior year’s quarter due largely to increased Defense segment shipments from backlog.”
Maryjo Cohen, President

Results and growth drivers

Quarter sales rose 25.7%: Third-quarter net sales were $115,463,000, up $23.6 million from $91,823,000 a year earlier. Management attributed the increase largely to Defense segment shipments from backlog. Source
Net earnings declined year over year: Net earnings were $5,317,000, or $.74 per share, against $8,083,000, or $1.13 per share, a year earlier. Weighted shares outstanding were 7,150,000. Source
Nine-month sales rose, earnings fell: Nine-month net sales were $339,551,000 against $253,536,000, while net earnings were $18,079,000 against $20,728,000. Nine-month earnings per share were $2.53 against $2.91. Source

Defense segment

Defense revenue rose 38.6%: Defense revenues rose $25.8 million or 38.6%, reflecting shipments drawn from backlog. Source
Defense operating earnings improved $1.7 million: Defense operating earnings improved by $1.7 million, largely as a result of the increased revenue. Source
Mix, efficiencies and material costs cited: Management said the earnings change was also affected by a variety of factors, including differences in mix, efficiencies and material costs. Source

“The increase was offset in part by decreased Housewares/Small Appliance revenues (down $2.3 million or 9.2%) attributed to retailers’ initial reluctance to accept tariff-induced price increases.”
Maryjo Cohen, President

Housewares and Small Appliance

Housewares revenue fell 9.2%: Housewares/Small Appliance revenue fell $2.3 million or 9.2%, which management attributed to retailers’ initial reluctance to accept tariff-induced price increases. Source
Segment posted sizable operating loss: The segment reported a sizable operating loss, which management said was largely due to the Trump tariffs, as in the second quarter. Source
Segment known for product innovation: Management describes the segment as an innovator of new products sold under the PRESTO brand. Source

Safety segment

Safety sales nominal, loss reported: The startup Safety segment reported nominal sales and a loss. Source
Prior-quarter Safety loss as anticipated: The previous quarter’s release said the Safety segment’s loss was in line with expectations.
Early-warning systems no longer listed: The previous release described Safety as including early-warning systems. The current release’s description of the segment does not list them.

“The Defense segment realized improved operating earnings of $1.7 million largely as a result of the increased revenue, impacted by a variety of factors which included differences in mix, efficiencies, and material costs.”
Maryjo Cohen, President

Tariffs, costs and margins

Tariffs treated as period costs: Management said the Trump tariffs are generally treated as period costs, expensed as incurred, reflecting the Housewares segment’s LIFO inventory cost valuation method. Source
Prior-quarter supplier bankruptcy hit earnings: In the previous quarter, Housewares earnings were affected by a supplier’s bankruptcy and the resulting loss of a deposit.
Prior-quarter inventory build left earnings nominal: The previous release attributed nominal portfolio earnings to a sizable investment in inventory needed for augmented Defense awards.

Products and brands

Defense product range: Defense makes medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases and metal parts. Source
PRESTO brand household appliances: The Housewares/Small Appliance segment sells small household appliances and pressure cookers under the PRESTO brand. Source
Safety alarms and extinguishers: Safety offers smoke and carbon monoxide alarms, plus commercial water and fluorine-free foam fire extinguishers. Source

Risks management discussed

External: Trump tariffs drove a sizable operating loss in the Housewares/Small Appliance segment, as in the second quarter. Source
Demand: Retailers were initially reluctant to accept tariff-induced price increases, reducing Housewares revenue. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES

THIRD QUARTER 2025 SALES AND EARNINGS

Eau Claire, Wisconsin (October 24, 2025) -- National Presto Industries, Inc. (NYSE: NPK) announced today third quarter sales and earnings, as shown in the table below. Net earnings per share have been computed on the basis of the weighted average number of common shares outstanding for the respective periods.

In response to questions about the sales and earnings figures, Maryjo Cohen, President, stated, “Net sales during third quarter 2025 were up $23.6 million or 25.7% from those recorded in the prior year’s quarter due largely to increased Defense segment shipments from backlog. Defense revenues were up $25.8 million or 38.6%. The increase was offset in part by decreased Housewares/Small Appliance revenues (down $2.3 million or 9.2%) attributed to retailers’ initial reluctance to accept tariff-induced price increases. The Defense segment realized improved operating earnings of $1.7 million largely as a result of the increased revenue, impacted by a variety of factors which included differences in mix, efficiencies, and material costs. Like the second quarter, the Housewares/Small Appliance segment reported a sizable operating loss largely due to the Trump tariffs. Those tariffs are generally treated as period costs and expensed as they are incurred, reflecting the segment’s LIFO inventory cost valuation method. The startup Safety segment reported nominal sales and a loss.”

National Presto Industries, Inc. operates in three business segments. The Housewares/Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTO® brand name. The segment is recognized as an innovator of new products. The Defense segment manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases, and metal parts. The Safety segment offers smoke and carbon monoxide alarms as well as commercial water and fluorine-free foam fire extinguishers.

	THREE MONTHS ENDED
	Sept. 28, 2025		Sept. 29, 2024
Net Sales		$115,463,000	$91,823,000
Net Earnings		$5,317,000	$8,083,000
Net Earnings Per Share	$	.74	$1.13
Weighted Shares Outstanding		7,150,000	7,131,000

	NINE MONTHS ENDED
	Sept. 28, 2025	Sept. 29, 2024
Net Sales	$339,551,000	$253,536,000
Net Earnings	$18,079,000	$20,728,000
Net Earnings Per Share	$2.53	$2.91
Weighted Shares Outstanding	7,146,000	7,126,000

This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.

Contacts
David Peuse · (715) 839-2146