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National Presto (NYSE: NPK) Q1 2026 sales rise as profit declines

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(Moderate)
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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

National Presto Industries, Inc. reported mixed first quarter 2026 results. Net sales rose to $118,649,000 from $103,639,000 a year earlier, driven mainly by stronger Defense segment shipments from backlog. Net earnings declined to $6,626,000 from $7,610,000, and earnings per share fell to $0.93 from $1.07, reflecting less favorable product mix, reduced absorption from a two-week shutdown at a government facility, and higher allocated corporate overhead.

The Housewares/Small Appliance segment saw sales decrease by $3.4 million or 15.6%, with startup issues at a new warehousing facility and tariff-driven price increases contributing to lower volume and a sizable loss. The Safety segment, which uses the same warehouse, also reported a loss. At the same time, Safety launched a full line of Rely FX™ ultra-durable commercial fire extinguishers, designed for harsh environments, tested for extreme temperatures, and compliant with multiple U.S. standards, with production and marketing beginning in May.

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Insights

Sales grew on defense strength, but profits dipped on mix and startup issues.

National Presto delivered higher Q1 $118,649,000 net sales versus $103,639,000 a year earlier, mainly from its Defense segment. Defense sales rose $18.6 million or 23%, with operating earnings up $1.1 million or 8.2%, helped by increased shipments from backlog.

Despite this, Q1 net earnings fell to $6,626,000 and EPS to $0.93, down from $7,610,000 and $1.07. Management cites a less favorable sales mix, a two-week shutdown at a government load-assembly facility, and greater corporate overhead allocation as key headwinds.

The Housewares/Small Appliance and Safety segments both reported losses, affected by startup disruptions at a new warehouse and tariff-driven price sensitivity. The Safety segment simultaneously launched its Rely FX™ extinguisher line, with production and marketing beginning in May 2026, positioning it in specialized commercial and defense-related markets.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales Q1 2026 $118,649,000 Three months ended April 5, 2026
Net sales Q1 2025 $103,639,000 Three months ended March 30, 2025
Net earnings Q1 2026 $6,626,000 Three months ended April 5, 2026
Net earnings Q1 2025 $7,610,000 Three months ended March 30, 2025
EPS Q1 2026 $0.93 Three months ended April 5, 2026
EPS Q1 2025 $1.07 Three months ended March 30, 2025
Defense sales increase $18,600,000 (23%) Defense segment sales increase vs prior-year quarter
Housewares sales decrease $3,400,000 (15.6%) Housewares/Small Appliance segment decline vs prior-year quarter
forward looking statements regulatory
"This release contains “forward-looking statements” made pursuant to the safe harbor provision"
Statements about a company’s expected future performance, plans, goals, or projections that are not historical facts and involve assumptions and estimates. Investors care because these are predictions that guide decisions but can be wrong; like a weather forecast, they help set expectations and risk — if circumstances change, actual results may differ significantly, so investors should weigh them alongside hard data and risk factors.
Defense segment financial
"Defense segment sales were up $18.6 million or 23%—reflecting increased shipments"
Housewares/Small Appliance segment financial
"Housewares/Small Appliance segment sales dropped by $3.4 million or 15.6%"
Safety segment financial
"The Safety segment, which distributes its product from the same warehouse, also experienced a reduction"
Rely FX™ technical
"The Safety segment today unveiled its full line of Rely FX™ ultra durable, specialty commercial fire extinguishers"
ultra durable, specialty commercial fire extinguishers technical
"its full line of Rely FX™ ultra durable, specialty commercial fire extinguishers"
Net Sales $118,649,000 +$15,010,000 vs Q1 2025
Net Earnings $6,626,000 -$984,000 vs Q1 2025
Earnings Per Share $0.93 -$0.14 vs Q1 2025
false 0000080172 0000080172 2026-05-01 2026-05-01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K
 

 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): May 1, 2026
 

 
National Presto Industries, Inc.
(Exact name of registrant as specified in this chapter)
 
         
Wisconsin
 
1-2451
 
39-0494170
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
     
3925 North Hastings Way
Eau Claire, Wisconsin
 
54703-3703
(Address of principal executive office)
 
(Zip Code)
 
Registrant’s telephone number, including area code: 715-839-2121
 
N/A
(Former name or former address, if changed since last report)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $1.00 par value
NPK
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
Item 2.02 Results of Operations and Financial Condition
 
On May 1, 2026, the Registrant issued a press release regarding the registrant’s results of operations for the fiscal quarter ended April 5, 2026. The full text of the press release is filed as Exhibit 99.1 to this Form 8-K. Such Exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit
No.
Description
99.1
Press Release of National Presto Industries, Inc. dated May 1, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
Forward looking statements in this Form 8-K are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward looking statements involve risks and uncertainty. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: government defense spending and defense requirements; termination for the convenience of the government; interest rates; continuity of relationships with and purchases by the United States Government and other major customers; unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors; product mix; competitive pressure on pricing; increases in material, freight/shipping, labor or other production costs that cannot be recouped through pricing; and such other factors as may be described from time to time in the Registrant’s SEC filings.
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
National Presto Industries, Inc.
 
(Registrant)
       
Date: May 5, 2026
By:
/s/ Maryjo Cohen
 
   
(Signature) Maryjo Cohen, President
 
   
and Chief Executive Officer
 
       
 
 

Exhibit 99.1

 

   

NEWS RELEASE

CONTACT: David Peuse

FOR IMMEDIATE RELEASE

 (715) 839-2146

 

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES

FIRST QUARTER 2026 SALES AND EARNINGS

 

Eau Claire, Wisconsin (May 1, 2026) — National Presto Industries, Inc. (NYSE: NPK) announced today first 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 were up $18.6 million or 23%—reflecting increased shipments from its backlog. Operating earnings increased as well, by $1.1 million or 8.2%, primarily attributable to the increased shipments. Earnings were unfavorably impacted by a less favorable mix, reduced absorption largely as a result of a two-week shutdown of the government facility that performs the load assembly and pack of the majority of the 40mm rounds, and increased allocation of corporate overhead in keeping with the business. In contrast, due in large part to startup issues at its new warehousing facility and a resulting inability to ship during a portion of the quarter, Housewares/Small Appliance segment sales dropped by $3.4 million or 15.6%. Reduced demand resulting from tariff-driven price increases also had an unfavorable impact on volume. The reduction in volume combined with costs incident to the startup of the new facility and a less favorable mix resulted in a sizable loss. The Safety segment, which distributes its product from the same warehouse, also experienced a reduction in shipments and reported a loss.”

 

The Safety segment today unveiled its full line of Rely FX™ ultra durable, specialty commercial fire extinguishers. The line consists of 10 extinguishers. Two extinguishers were introduced late in 2025 (the SFFF Foam (the only PFAS-Free foam extinguisher on the market) and a water extinguisher). Today it completed the line with eight new dry chemical fire extinguishers and four heavy-duty mounting brackets. The dry chemical units include three 10-pound and four 20-pound extinguishers with High-Flow versions of each using either standard universal ABC chemical or specialized Purple-K powder for fuel, gas, and chemical fires. The eighth dry chemical extinguisher is a four-pound ABC extinguisher. All are characterized by superior performance. The extinguishers are not only listed by U.S. and Canadian Underwriters Laboratories (UL and ULC), but also meet Department of Defense (DOD), Coast Guard (USCG), Department of Transportation (DOT), Mine Safety and Health (MSHA), and National Fire Protection Association (NFPA) standards. Each extinguisher has a shatter-resistant, non-magnetic cylinder, a prerequisite for use in any potentially hostile environment which includes military, police, and emergency response. Each of the chemical models are tested for use at extreme temperatures from -65°F to 160°F. No other extinguishers are tested to 160°F despite the fact that such temperatures are frequently encountered within enclosed compartments, e.g., vehicles, engine rooms, mining equipment, and warehouses. The Rely FX™ fire extinguishers are highly corrosion resistant as well, making them ideal for the kinds of conditions encountered on ships, in coastal areas, or offshore drilling. The extinguishers, when used with a heavy-duty Rely FX™ mounting bracket, withstand vibrations and impact shocks of up to 200 G’s, a Navy requirement for submarines. Special protective guards around the pressure gauges prevent potential impact damage if the extinguishers are dropped or mishandled. The extinguishers are also economical to service. The eight new dry chemical extinguishers use DOT specification cylinders. DOT regulations for specification cylinders authorize the use of advanced periodic ultrasonic testing on a ten-year cycle, instead of the standard costly six- and 12-year disassembly requirements. The standard requirements also entail the removal and replacement of the extinguishing agent, potentially introducing contaminants into the extinguisher that will impair performance.

 

Tel. 715.839.2121      Fax 715.839.2122     www.GoPresto.com


 

Production and marketing of the extinguishers will begin in May.

 

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 commercial fire extinguishers.

 

   

THREE MONTHS ENDED

 
   

April 5, 2026

   

March 30, 2025

 

Net Sales

  $ 118,649,000     $ 103,639,000  

Net Earnings

  $ 6,626,000     $ 7,610,000  

Net Earnings Per Share

  $ .93     $ 1.07  

Weighted Average Shares Outstanding

    7,159,000       7,137,000  

 

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, which 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.

 

 

Tel. 715.839.2121      Fax 715.839.2122     www.GoPresto.com

FAQ

How did National Presto (NPK) perform in Q1 2026?

National Presto reported higher Q1 2026 net sales of $118.6 million, up from $103.6 million a year earlier. However, net earnings declined to $6.6 million and earnings per share fell to $0.93 from $1.07, reflecting margin and mix pressures.

How did National Presto’s Defense segment perform in the quarter?

The Defense segment posted strong results, with sales up $18.6 million or 23%, driven by increased shipments from backlog. Operating earnings in Defense rose by $1.1 million or 8.2%, helping lift overall company revenue even as other segments struggled.

What happened to National Presto’s Housewares/Small Appliance segment?

Housewares/Small Appliance segment sales dropped by $3.4 million or 15.6% in Q1 2026, largely due to startup issues at a new warehousing facility and an inability to ship for part of the quarter. Tariff-driven price increases also reduced demand, contributing to a sizable loss.

Why did National Presto’s net earnings decline despite higher sales?

Net earnings fell to $6.6 million from $7.6 million, even with stronger sales, mainly due to a less favorable product mix, reduced absorption from a two-week shutdown at a government load-assembly facility, and increased allocation of corporate overhead across the business.

What new products did National Presto’s Safety segment introduce?

The Safety segment unveiled its full line of Rely FX™ ultra durable commercial fire extinguishers, including eight dry chemical units and four heavy-duty mounting brackets. These extinguishers meet multiple U.S. standards, are tested for extreme temperatures, and are designed for harsh, vibration-prone environments.

When will production and marketing begin for the Rely FX fire extinguishers?

Production and marketing of the Rely FX™ fire extinguishers will begin in May 2026. The line targets demanding commercial and defense-related applications, including ships, vehicles, mining equipment, and other harsh environments where high temperatures, corrosion and vibration are common.

Filing Exhibits & Attachments

5 documents