National Presto Industries Inc.: Q2 FY2026 earnings call

What management said about Q2 FY2026, from the documents filed with the SEC on 3 August 2026: press release. The quarter’s numbers.

Key takeaways

Net sales increased 21.7 percent year-over-year: Second quarter 2026 net sales reached $146.6 million compared to $120.4 million in Q2 2025. Six-month sales totaled $265.2 million versus $224.1 million in prior year. Source
Net earnings grew 208 percent year-over-year: Second quarter 2026 net earnings of $15.9 million compared to $5.2 million in Q2 2025. Six-month earnings of $22.5 million versus $12.8 million in prior year, up 76 percent. Source
Diluted EPS increased to $2.21: Diluted earnings per share in second quarter 2026 reached $2.21 compared to $0.72 in Q2 2025. Six-month EPS totaled $3.14 versus $1.79 in prior year. Source
Defense segment sales accelerated 27.2 percent: Defense segment second quarter sales increased $27.1 million or 27.2 percent compared to Q2 2025, driven by increased shipments fulfilling backlog orders. This represents acceleration from Q1 2026 growth rate of 23 percent. Source
Defense operating earnings surged 33.5 percent: Defense segment operating earnings increased $4.9 million or 33.5 percent in Q2 2026 compared to Q2 2025, primarily due to higher volume from backlog fulfillment and improved operating leverage. Source
Housewares sales declined 6.2 percent: Housewares/Small Appliances segment second quarter sales decreased $1.2 million or 6.2 percent from Q2 2025, primarily driven by Trump tariff impacts on retail order timing and consumer demand. Source
Housewares returned to profitability: Housewares/Small Appliances segment operating earnings reached $2.2 million in Q2 2026 compared to a loss in Q2 2025. Source
Tariff refund drove most Q2 earnings: Majority of Q2 housewares earnings derived from refund of tariffs previously paid that Supreme Court declared unauthorized in February, not from operational improvement. Source

“Defense segment sales for the quarter were up $27.1 million or 27.2% from those reported in the comparable 2025 quarter, reflecting increased shipments from backlog.”
Maryjo Cohen, President

What changed from last quarter

New: Safety segment unveiled Rely FX™ fire extinguisher line consisting of 10 commercial products including PFAS-free foam, water, and dry chemical variants. All models meet UL, ULC, DOD, USCG, DOT, MSHA, and NFPA standards with extreme temperature testing. Production and marketing began in May 2026.
New: Housewares segment received refund of tariffs previously paid that Supreme Court declared unauthorized in February 2026. Refund contributed most of $2.2 million Q2 operating earnings versus prior year loss. Source

Overall Quarterly Performance

Net sales increased 21.7 percent year-over-year: Second quarter 2026 net sales reached $146.6 million compared to $120.4 million in Q2 2025. Six-month sales totaled $265.2 million versus $224.1 million in prior year. Source
Net earnings grew 208 percent year-over-year: Second quarter 2026 net earnings of $15.9 million compared to $5.2 million in Q2 2025. Six-month earnings of $22.5 million versus $12.8 million in prior year, up 76 percent. Source
Diluted EPS increased to $2.21: Diluted earnings per share in second quarter 2026 reached $2.21 compared to $0.72 in Q2 2025. Six-month EPS totaled $3.14 versus $1.79 in prior year. Source

Defense Segment Momentum

Defense segment sales accelerated 27.2 percent: Defense segment second quarter sales increased $27.1 million or 27.2 percent compared to Q2 2025, driven by increased shipments fulfilling backlog orders. This represents acceleration from Q1 2026 growth rate of 23 percent. Source
Defense operating earnings surged 33.5 percent: Defense segment operating earnings increased $4.9 million or 33.5 percent in Q2 2026 compared to Q2 2025, primarily due to higher volume from backlog fulfillment and improved operating leverage. Source
Backlog fulfillment continues driving growth: Defense segment continues shipping increased volumes from its order backlog, demonstrating sustained demand for ammunition and ordnance products. Source

“Sales for the Housewares/Small Appliances segment decreased $1.2 million or 6.2% largely attributable to the impact of the Trump tariffs that affected retail order timing”
Maryjo Cohen, President

Housewares Segment Tariff Headwinds

Housewares sales declined 6.2 percent: Housewares/Small Appliances segment second quarter sales decreased $1.2 million or 6.2 percent from Q2 2025, primarily driven by Trump tariff impacts on retail order timing and consumer demand. Source
Retailer order pull-forward depressed current sales: Retailers accelerated orders in 2025 to secure lower pre-tariff pricing, reducing Q2 2026 demand as customers worked through existing inventory. Source
Increased pricing weakened consumer demand: Tariff-induced retail price increases for housewares products depressed consumer demand and reduced segment sales volume compared to prior year. Source

Housewares Recovery and Tariff Refund

Housewares returned to profitability: Housewares/Small Appliances segment operating earnings reached $2.2 million in Q2 2026 compared to a loss in Q2 2025. Source
Tariff refund drove most Q2 earnings: Majority of Q2 housewares earnings derived from refund of tariffs previously paid that Supreme Court declared unauthorized in February, not from operational improvement. Source

“Most of those earnings were attributable to a refund of a portion of the tariffs the segment had paid that the Supreme Court declared unauthorized in its February decision.”
Maryjo Cohen, President

Safety Segment Product Launch

Safety segment sales increased 91.7 percent: Safety segment second quarter sales increased $226,000 or 91.7 percent compared to Q2 2025, although sales remain nominal as segment ramps new products. Source
Rely FX fire extinguisher line introduced: Safety segment introduced complete Rely FX™ commercial fire extinguisher line with 10 models including PFAS-free foam, water, and dry chemical variants. All models tested to extreme temperatures and meet military and Coast Guard standards.
Safety segment reported loss as anticipated: Safety segment reported a loss in Q2 2026 consistent with management expectations as segment invests in product commercialization. Source

Prior Quarter Operational Context

Housewares warehouse startup issues created headwinds: First quarter housewares segment faced startup issues at new warehousing facility preventing shipments during portion of quarter, contributing to $3.4 million or 15.6 percent sales decline.
Government facility shutdown reduced Defense output: First quarter Defense segment experienced two-week shutdown at government facility performing load assembly and pack operations for majority of 40mm rounds, reducing manufacturing absorption.

Coming up, as management said on 3 August 2026

Safety fire extinguisher production commenced: Safety segment Rely FX™ fire extinguisher line production and marketing commenced in May 2026, providing new revenue stream for segment.

Risks management discussed

Regulatory: Trump tariffs negatively affected retail order timing as retailers frontloaded 2025 purchases and increased retail pricing, depressing consumer demand for housewares. Source
Demand: Tariff-induced retail price increases have reduced consumer demand for small appliances, creating challenging environment for housewares segment. Source
Financial: Safety segment reported a loss in Q2 2026 as anticipated, with ongoing losses creating financial headwind to consolidated profitability. Source

Earlier plans management reported on

On track: Management committed to begin production and marketing of Rely FX™ fire extinguisher line in May 2026. Q2 results show 91.7 percent sales growth for Safety, confirming successful launch.
On track: Defense segment continues executing backlog shipments, with Q2 showing 27.2 percent sales growth from increased shipment volumes. 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

INCREASED SECOND QUARTER 2026 SALES AND EARNINGS

Eau Claire, Wisconsin (July 31, 2026) - National Presto Industries, Inc. (NYSE: NPK) announced today second quarter 2026 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 sales and earnings for the quarter, Maryjo Cohen, President, stated, “Defense segment sales for the quarter were up $27.1 million or 27.2% from those reported in the comparable 2025 quarter, reflecting increased shipments from backlog. Sales for the Housewares/Small Appliances segment decreased $1.2 million or 6.2% largely attributable to the impact of the Trump tariffs that affected retail order timing (retailers accelerated orders in 2025 to secure lower pre-tariff pricing) and has resulted in increased retail pricing, which in turn has depressed consumer demand. Safety segment sales, although still nominal, increased by $226,000 or 91.7%. The Defense segment’s operating earnings were up $4.9 million or 33.5% from second quarter 2025 earnings largely due to the additional volume referenced above. In contrast to the prior year’s loss, Housewares/Small Appliance segment’s operating earnings were $2.2 million. Most of those earnings were attributable to a refund of a portion of the tariffs the segment had paid that the Supreme Court declared unauthorized in its February decision. The Safety segment reported a loss as anticipated.”

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, and fire extinguishers.

	THREE MONTHS ENDED
	July 5, 2026	June 29, 2025
Net Sales	$146,596,000		$120,449,000
Net Earnings	$15,862,000		$5,152,000
Net Earnings Per Share	$2.21	$	.72
Weighted Shares Outstanding	7,167,000		7,147,000

	SIX MONTHS ENDED
	July 5, 2026	June 29, 2025
Net Sales	$265,245,000	$224,088,000
Net Earnings	$22,488,000	$12,762,000
Net Earnings Per Share	$3.14	$1.79
Weighted Shares Outstanding	7,164,000	7,146,000

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