Financial Performance - Consolidated sales increased by $47.316 million (14%) in 2024 compared to 2023, with net earnings rising by $6.901 million (20%) to $41.460 million[120]. - Net sales for 2024 reached $388,228 thousand, a 13.9% increase from $340,912 thousand in 2023[206]. - Gross profit improved to $78,566 thousand in 2024, up 16.6% from $67,452 thousand in 2023[206]. - Operating profit increased to $45,213 thousand, representing a 29.1% rise compared to $35,033 thousand in 2023[206]. - Net earnings for 2024 were $41,460 thousand, a 20% increase from $34,559 thousand in 2023[206]. - Earnings per share (EPS) rose to $5.82 in 2024, up from $4.86 in 2023, reflecting a 20% growth[206]. - Dividends paid in 2024 amounted to $32,029 thousand, up from $28,385 thousand in 2023, indicating a 12.4% increase[208]. Segment Performance - Net sales in the Housewares/Small Appliance segment rose by $5.180 million (5%) to $102.799 million, while the Defense segment saw an increase of $42.322 million (18%) to $284.025 million[121]. - Gross profit for the Housewares/Small Appliance segment increased by $5.611 million (28.3%) to $25.478 million, while the Defense segment's gross profit rose by $6.170 million (11.9%) to $58.173 million[122]. Contracts and Backlog - The Defense segment was awarded a fourth five-year 40mm system contract valued at approximately $564.4 million for FY22 through FY24, with deliveries commencing in 2024 and scheduled to complete in 2028[29]. - The maximum ceiling value of the new five-year IDIQ contract for the 40mm M918E2 cartridge is $818.9 million, with deliveries scheduled to commence in 2025[30]. - The Defense segment's contract backlog was approximately $1,085,612,000 as of December 31, 2024, compared to $564,005,000 in 2023 and $505,069,000 in 2022, indicating significant growth in future revenue potential[54]. Research and Development - Research and development costs related to new product development were not a material element in the aggregate costs incurred by the Company for the years 2024, 2023, and 2022[16]. - Research and development costs for new product development were expensed in operations for the years 2024, 2023, and 2022, highlighting ongoing investment in innovation[38]. Workforce and Employment - The company had 1,126 employees as of December 31, 2024, an increase from 1,007 employees at the end of December 2023, reflecting workforce expansion[47]. Cash Flow and Liquidity - Cash used in operating activities was $53.426 million in 2024, compared to $45.389 million provided in 2023[138]. - Net cash provided by investing activities was $14.965 million in 2024, a significant increase from $447,000 used in 2023[139]. - Cash and cash equivalents decreased by $69.994 million to $17.663 million in 2024[142]. - The company has sufficient liquidity to meet anticipated capital requirements and fund future growth through acquisitions[146]. Inventory and Assets - The company’s inventory levels increase in advance of seasonal selling periods, necessitating large finished goods inventories to meet customer demand[50]. - Finished goods inventory rose to $38,351,000 in 2024 compared to $31,815,000 in 2023, indicating an increase of approximately 21%[202]. - Work in process inventory increased significantly to $219,154,000 in 2024 from $144,684,000 in 2023, marking a growth of around 52%[202]. - Total current assets amounted to $366,661,000 in 2024, a slight increase from $360,110,000 in 2023[202]. Regulatory and Compliance Risks - The company is subject to various federal, state, and local regulations, which could impose additional costs or liabilities in the future[44]. - The Company’s U.S. Government contracts are primarily fixed-price, exposing it to risks from cost increases that could adversely affect profits[75]. - Compliance with extensive defense industry regulations increases performance and compliance costs, potentially reducing profitability[78]. Supply Chain Risks - The company relies heavily on U.S. Government contracts, with potential risks associated with changes in the defense budget affecting sales and earnings[72]. - The company’s reliance on third-party suppliers in Asia poses risks related to supply interruptions and pricing changes, which could adversely affect operations[60]. - The Company relies on third-party subcontractors for key components, and their failure to perform could materially impact contract performance[77]. Cybersecurity and Acquisitions - The Company experienced a cybersecurity incident on March 1, 2025, which could materially impact its financial condition and results of operations[92]. - The Company is pursuing acquisitions but faces risks such as integration challenges and potential failure to achieve anticipated benefits[90].

Group 1 - National Presto Industries (NYSE: NPK) has shifted its focus from branded small appliances to grenade manufacturing over the past few decades [1] - In FY24, NPK generated $388 million in revenue, with $284 million (73%) coming from sales [1]

Shares of National Presto Industries, Inc. (NPK) have declined 1.7% since the company reported its earnings for the year ended Dec. 31, 2024. This compares to the S&P 500 index’s -1.8% change over the same time frame. Over the past month, the stock has moved 0.1% versus the S&P 500’s -0.3% change.See the Zacks Earnings Calendar to stay ahead of market-making news.National Presto reported net earnings of $5.82 per share for 2024, up from $4.86 per share in the prior year. The company posted a 13.9% increase ...

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): February 21, 2025 _______________ National Presto Industries, Inc. (Exact name of registrant as specified in this chapter) Wisconsin 1-2451 39-0494170 (Commission File Number) (IRS Employer Identification No.) (State or other jurisdiction of incorporation) 3925 North Hastings Way Eau ...

Core Viewpoint - Verde AgriTech Ltd. has announced the termination of its automatic securities disposition plan (ASDP) by its CEO Cristiano Veloso, which reflects his confidence in the company's future prospects [1][7]. Company Overview - Verde AgriTech is focused on advancing sustainable agriculture through the innovation of specialty multinutrient potassium fertilizers, aiming to enhance agricultural productivity and soil health while contributing to environmental sustainability [8]. Management Decision - The termination of the ASDP will take effect on January 24, 2025, which is 30 days after the notice was provided, and it is related to personal financial planning by the CEO [1][7]. - Mr. Veloso confirmed that he was not in possession of material non-public information at the time of the termination [7].

SINGAPORE, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: “NPK”) ("Verde” or the “Company”) held its Extraordinary General Meeting of Shareholders (the “Meeting”) on Friday, December 20, 2024, at 300 Prof. Antônio Aleixo, Lourdes, Belo Horizonte, Minas Gerais, Brazil. The Company is pleased to announce that all resolutions presented to shareholders have been approved. Additionally, Verde has set the Record Date for the distribution of interests in Oby Rare Earths Pty Ltd (“Oby”) to shareholders ...

The Resource Estimate Is One of the World’s Largest And Highest Grade Ionic Absorption Clay Projects with TREO Grade of 3,437 ppm and 793 ppm MREOSINGAPORE, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) (“Verde” or the “Company”) is pleased to announce a maiden mineral resource estimate of 1.35 billion tons at 3,437 ppm of Total Rare Earth Oxides (“TREO”)1 and with 793 ppm of Magnet Rare Earth Oxides (“MREO”)2 for the Man of War Rare Earths Project (“Man of War”) in acco ...

Wisconsin 1-2451 39-0494170 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 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 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): October 25, 2024 Nation ...

My analysis argues that National Presto Industries (NYSE: NPK ) has shown it can roll with the punches for decades, even though it hasn't kept up with the S&P 500. Still, NPK's slow and steady dividend growth has paid The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Alpha investor ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q ______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____ Commission file number 1-2451 ______________________________ NATIONAL PRESTO I ...