National Presto EPS Dips 20.2% to $4.63 While Defense Sales Jump 42.9%
National Presto Industries reported 2025 EPS of $4.63, down from $5.82, while net sales rose 29.7% to $503.5 million driven by a 42.9% Defense segment jump. Housewares revenue declined 7.0% due to tariffs and the board declared a $1.00/share dividend.
1. 2025 Financial Results
National Presto Industries reported 2025 EPS of $4.63 compared with $5.82 in 2024, while net sales climbed 29.7% to $503.5 million. Despite revenue growth, net earnings fell 20.2% to $33.1 million due to rising costs in its Housewares segment.
2. Defense Segment Performance
The Defense division drove growth with sales up $121.9 million or 42.9%, supported by higher shipment volumes from a sizable backlog. Operating earnings in the segment rose 36.2% as volume gains, product mix, manufacturing efficiencies and material cost improvements bolstered profitability.
3. Housewares/Small Appliances Challenges
Housewares revenue fell by $7.2 million or 7.0%, pressured by tariff-related costs expensed under LIFO and weakened consumer demand. The segment also incurred duplicate staffing and transport expenses relocating its distribution center from Canton to Nettleton and recorded a capital loss linked to a key supplier bankruptcy.
4. Dividend and Capital Allocation
The board approved a regular dividend of $1.00 per share payable March 20, 2026, continuing an 82-year payout streak. No special dividend was declared as cash will be earmarked to fund inventory needs for the Defense segment’s backlog.