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 ...

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 ...

Core Insights - The company reported strong overall performance in Q2 2024, primarily driven by the robust growth in the Defense segment [3][11] - Challenges were noted in the Housewares/Small Appliances and Safety segments, which negatively impacted overall profitability [11] Defense Segment - Sales in the Defense segment increased by $6.4 million, or 10.8%, compared to the same quarter last year, attributed to increased shipments from backlog orders [6] - Operating earnings for the Defense segment rose by $1.9 million, or 27%, driven by higher volumes, a favorable product mix, and improved operational efficiencies [6] Housewares/Small Appliances Segment - Sales in the Housewares/Small Appliances segment experienced a slight decline of $0.3 million, or 1.4%, from the prior year [2] - The segment's operating profit fell sharply by $0.7 million, or 81.6%, due to higher ocean shipping costs, significant maintenance repairs, and adjustments in various accruals [2][11] Safety Segment - The Safety segment reported a loss for the quarter, with nominal sales impacted by ongoing market challenges for carbon monoxide detectors and warning systems [5][11] Financial Performance - The company recorded net sales of $85.1 million compared to $79 million in the same period last year, indicating overall growth [7]

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].

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 ...

[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)

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 ...

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 ...

Sales Performance - For the year ended December 31, 2022, approximately 11% of consolidated net sales were from cast products, while 24% were from noncast/thermal appliances[13]. - Consolidated sales decreased by $34,154,000 (10%) in 2022, with net earnings down by $4,955,000 (19%) to $20,699,000[115]. - Net sales for 2022 were $321,623,000, a decrease of 9.6% from $355,777,000 in 2021[202]. - Housewares/Small Appliance net sales increased by $2,424,000 (2%) to $118,348,000, primarily due to pricing and mix changes[116]. - Defense net sales decreased by $37,031,000 (15%) to $202,483,000, reflecting a decrease in units shipped[116]. - The company’s sales are highly seasonal, with a substantial portion recognized during the holiday selling season, making it sensitive to shifts in consumer spending[63]. Financial Results - Gross profit for 2022 was $55,125,000, down 14.4% from $64,396,000 in 2021[202]. - Operating profit decreased to $22,127,000 in 2022, a decline of 26.4% compared to $30,029,000 in 2021[202]. - Net earnings for 2022 were $20,699,000, representing a 19.1% decrease from $25,654,000 in 2021[202]. - Earnings per share for 2022 were $2.92, down from $3.63 in 2021, reflecting a 19.5% decline[202]. - Total current assets decreased to $326,632,000 in 2022 from $348,053,000 in 2021, a reduction of 6.1%[199]. - Total liabilities increased slightly to $63,795,000 in 2022 from $62,775,000 in 2021[201]. - Cash and cash equivalents at the end of 2022 were $70,711,000, down 35.5% from $109,805,000 at the end of 2021[204]. - The company reported a loss on impairment of $5,295,000 in 2022, with no such losses reported in 2021[202]. - Dividends paid in 2022 totaled $31,826,000, a decrease from $44,083,000 in 2021, reflecting a reduction of 27.8%[204]. - As of December 31, 2022, the total stockholders' equity was $348,052,000, a decrease from $357,623,000 in 2021[205]. Defense Segment - The Defense segment has been awarded multiple contracts for the 40mm Ammunition System, with total deliveries exceeding $671 million under the first contract and $566 million under the second contract[28]. - The maximum ceiling value of the latest 40mm system contract awarded in September 2022 is $826.8 million, with deliveries scheduled to commence in late 2023[28]. - The Defense segment's contracts are primarily fixed-price, which limits adjustments based on actual costs incurred[29]. - The Defense segment's contract backlog was approximately $505.1 million as of December 31, 2022, up from $460.8 million in 2021 and $320.2 million in 2020, indicating a significant increase in demand[52]. - The Company’s U.S. Government contracts are primarily fixed-price, exposing it to risks from cost increases that could adversely affect profits[75]. - All U.S. Government contracts can be terminated by the government, which could lead to recovery of only incurred costs and profits on completed work[76]. Safety Segment - The Safety segment, formed in Q3 2019, includes three startup companies and has resulted in limited revenues due to its early-stage nature[34]. - The Safety segment's products utilize advanced technology, including machine learning and digital sensors, to provide early warnings of potential safety issues[31]. - The Safety segment consists of startup businesses, which may not achieve long-term success[80]. - Regulatory approvals for certain Safety segment products are necessary for commercial sales, and failure to obtain these could negatively impact results[85]. Research and Development - Research and development costs for new product development were not a material element in the aggregate costs incurred by the Company for the years 2022, 2021, and 2020[15]. - Research and development costs related to new product development were expensed in operations for the years 2022, 2021, and 2020, highlighting ongoing investment in innovation[36]. - The company’s ability to develop new products is critical for long-term success, but it faces risks related to technological innovations and intellectual property rights[64]. - The Company faces risks in developing new products, including potential intellectual property infringement and the need for significant marketing expenditures[89]. Operational Risks - The Company has no long-term supply contracts with major customers, which poses a risk if significant customers are lost[14]. - The Housewares/Small Appliance segment operates in a highly competitive and price-sensitive environment, with increased costs potentially impacting operating results[14]. - Increased costs for raw materials and transportation could adversely impact operating results if not passed on to customers[82]. - Reliance on suppliers in Asia and Mexico makes the Company vulnerable to supply chain disruptions and foreign business risks[83]. - The company relies heavily on sales to U.S. Government entities, making it vulnerable to changes in the U.S. defense budget and appropriations[71]. - The company does not maintain product recall insurance, which could expose it to significant costs in the event of product recalls or liability claims[67]. Corporate Governance - The Company has adopted a Corporate Code of Conduct applicable to all employees, ensuring ethical standards are maintained[186]. - The executive team includes Maryjo Cohen as President and CEO, with extensive experience since 1976[180]. - The Company intends to disclose any amendments to its Corporate Code of Conduct on its website[186]. - As of December 31, 2022, the Company's internal control over financial reporting was assessed as effective based on COSO criteria[165]. - The independent registered public accounting firm issued an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of December 31, 2022[171]. - The Company maintained effective internal control over financial reporting in all material respects as of December 31, 2022, according to the audit conducted[170]. - Management excluded Woodlawn Manufacturing from its internal control assessment due to its acquisition in Q4 2022, with Woodlawn's total assets and net income representing approximately 5% and less than 1% of consolidated amounts, respectively[172]. - The audit included understanding internal control, assessing risks, and testing the design and operating effectiveness of controls[174]. - Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting[175]. Cash Flow and Investments - Cash provided by operating activities was $8,768,000 in 2022, down from $34,688,000 in 2021[132]. - Net cash used in investing activities was $16,436,000 in 2022, with $24,683,000 spent on acquiring two businesses[133]. - Cash flows from financing activities in 2022 were impacted by a $1.75 per share decrease in extra dividends paid compared to previous years[135]. - The company intends to maintain its investment strategy focused on safety and short-term liquidity throughout its holdings[140]. - The company has no history of investing in derivative financial instruments and primarily conducts transactions in U.S. dollars[158].