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Verde Announces CEO's Decision to End Automatic Securities Disposition Plan
Globenewswire· 2024-12-24 19:00
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].
Verde Announces EGM Results, Oby Rare Earths Transaction Record Date, and Cost Reductions
Globenewswire· 2024-12-20 16:43
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 ...
Verde Announces 1.35 Billion Tons of Maiden Mineral Resource Estimate at the Man of War Rare Earths Project
Globenewswire· 2024-12-18 11:40
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 ...
War And Waffles: How National Presto Masters Defense And Domestic Life
Seeking Alpha· 2024-09-26 13:28
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 ...
National Presto's (NPK) Q2 EPS Rises Y/Y on Defense Growth
ZACKS· 2024-07-29 18:20
Management highlighted the robust performance of the Defense segment, noting that increased shipments and operational efficiencies significantly boosted earnings. It also addressed the challenges in the Housewares/Small Appliances segment, citing higher shipping costs and necessary maintenance expenditures as primary factors for the decline in operating profit. Sales in the Housewares/Small Appliances segment were relatively flat, experiencing a slight decline of $0.3 million, or 1.4%, from the prior year. ...
Zacks Initiates Coverage of National Presto With Neutral Recommendation
zacks.com· 2024-05-27 14:56
Core Viewpoint - Zacks Investment Research has initiated coverage of National Presto Industries, Inc. (NPK) with a Neutral recommendation, highlighting the company's strong financial position, strategic market positioning, and potential growth opportunities, while also acknowledging key challenges and risks [1]. Financial Performance - National Presto reported a robust financial position with $63.5 million in cash and low debt levels as of March 31, 2024, enhancing its ability to invest in growth and return value to shareholders through dividends and share buybacks [3]. - In Q1 2024, the company declared and paid dividends totaling $4.50 per share, reflecting its commitment to shareholder returns [3]. Revenue Segments - The company operates through three segments: Housewares/Small Appliances, Defense, and Safety, with diversified revenue streams contributing to financial stability [2]. - In Q1 2024, the Defense segment generated $55 million in net sales, supported by a contract backlog of $692.6 million [2]. - The Housewares/Small Appliances segment contributed $21.3 million in net sales, demonstrating stable performance despite competition [2]. Strategic Positioning - National Presto's strategic positioning in high-growth markets, such as defense and smart kitchen appliances, bolsters its long-term potential, driven by increasing demand for advanced defense systems and smart home appliances [4]. Challenges and Risks - The company faces challenges, including rising inventory levels from $190.4 million at the end of 2023 to $204 million as of March 31, 2024, raising concerns about demand forecasting [5]. - Heavy reliance on defense contracts exposes the company to changes in government spending and policy, which could impact revenues and profitability [5]. - The competitive kitchen appliances market poses risks, with major players like Samsung, LG, and Electrolux continuously innovating [6]. Stock Performance and Valuation - National Presto's stock performance has been mixed, reflecting a nuanced view of the company's prospects, and it appears fairly valued compared to its peers [7]. - While the company has solid fundamentals and growth potential, challenges justify a cautious stance [7].
National Presto Industries(NPK) - 2024 Q1 - Quarterly Report
2024-05-10 20:04
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 March 31, 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 INDUSTRIES, INC. Wisconsin 39-0 ...
National Presto Industries(NPK) - 2024 Q1 - Quarterly Results
2024-04-30 20:39
[General Filing Information](index=1&type=section&id=General%20Filing%20Information) Provides essential identification details for National Presto Industries, Inc. as the registrant for this Form 8-K filing [Registrant Information](index=1&type=section&id=Registrant%20Information) Identifies National Presto Industries, Inc. as the registrant, detailing its filing information and stock exchange listing - Registrant: National Presto Industries, Inc[2](index=2&type=chunk) - Date of Report (earliest event reported): April 26, 2024[2](index=2&type=chunk) Stock Exchange Listing | 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 | - The registrant is not an emerging growth company[4](index=4&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Reports the release of financial results for the fiscal quarter ended March 31, 2024, via a press release - A press release regarding the registrant's results of operations for the fiscal quarter ended March 31, 2024, was issued on April 26, 2024[5](index=5&type=chunk) - The full text of the press release is filed as Exhibit 99.1 to this Form 8-K[5](index=5&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) Details the exhibits filed with the Form 8-K and includes a safe harbor statement for forward-looking information [Exhibits](index=2&type=section&id=Exhibits) Lists documents filed as exhibits to the Form 8-K, including the Q1 2024 press release and interactive data Filed Exhibits | Exhibit No. | Description | | :---------- | :---------------------------------------------------------- | | 99.1 | Press Release of National Presto Industries, Inc. dated April 26, 2024 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Forward-Looking Statements and Risk Factors](index=2&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) Provides a safe harbor statement for forward-looking information, outlining key factors that could materially impact actual results - 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[6](index=6&type=chunk) - Key factors that could cause actual results to differ materially include[6](index=6&type=chunk) - Government defense spending and requirements[6](index=6&type=chunk) - Termination for the convenience of the government[6](index=6&type=chunk) - Interest rates[6](index=6&type=chunk) - Continuity of relationships with and purchases by the United States Government and other major customers[6](index=6&type=chunk) - Unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors[6](index=6&type=chunk) - Product mix[6](index=6&type=chunk) - Competitive pressure on pricing[6](index=6&type=chunk) - Increases in material, freight/shipping, labor, or other production costs that cannot be recouped through pricing[6](index=6&type=chunk) [Signature](index=2&type=section&id=Signature) Confirms the official signing and authorization of the Form 8-K by the company's President and CEO [Authorization and Signatory](index=2&type=section&id=Authorization%20and%20Signatory) Confirms the Form 8-K was signed by Maryjo Cohen, President and CEO of National Presto Industries, Inc. on April 30, 2023 - The report was signed on behalf of National Presto Industries, Inc. on April 30, 2023[8](index=8&type=chunk) - Signatory: Maryjo Cohen, President and Chief Executive Officer[8](index=8&type=chunk)
National Presto Industries(NPK) - 2023 Q4 - Annual Report
2024-03-15 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ 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 INDUSTRIES, INC. (Exact name of registrant as specified in its chart ...
National Presto Industries(NPK) - 2023 Q4 - Annual Results
2024-02-20 21:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT (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 (Address of principal executive office) (Zip Code) Eau Claire, Wisconsin 54703-3703 Registrant's telephone number, including area code: 715-839-2121 N/A (Former name or former address, if changed since ...