National Presto Industries, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a consolidated net sales increase of 26% to $115.5 million compared to $91.8 million in the same period last year. However, net earnings decreased by 34% to $5.3 million, or $0.74 per share, down from $8.1 million, or $1.13 per share, in the prior year. The decline in profitability was attributed to increased selling and general expenses, which rose by 21% to $9.2 million, and a significant drop in other income, which fell by 61% to $448,000.
In the first nine months of 2025, National Presto's net sales increased by 34% to $339.6 million, up from $253.5 million in the same period of 2024. Gross profit also rose by 15% to $52.7 million, but net earnings decreased by 13% to $18.1 million from $20.7 million. The company noted that the Housewares/Small Appliances segment experienced a slight decline in sales, while the Defense segment saw a substantial increase of 39% in net sales, reflecting higher shipments from its backlog.
Operationally, the company reported a significant increase in its inventory levels, with finished goods inventory decreasing to $35.6 million from $38.4 million, while work-in-process inventory rose to $268.5 million from $219.2 million. The total current assets increased to $398.4 million, up from $366.7 million at the end of 2024. The company’s total liabilities also increased significantly, primarily due to the establishment of a $36.9 million line of credit, which was utilized to support increased inventory levels.
Strategically, National Presto has continued to focus on its Defense segment, which has been bolstered by recent acquisitions and increased government contracts. The company has also made efforts to streamline its operations, including divesting certain assets in its Safety segment. The company anticipates that its contract backlog, which stood at $1.4 billion as of September 28, 2025, will be fulfilled over the next 18 to 42 months, providing a positive outlook for future revenue generation.
Looking ahead, National Presto Industries plans to continue evaluating acquisition opportunities that align with its business segments and to make further capital investments. The company maintains a strong liquidity position, supported by cash flows from operations and its credit facility, which it expects will be sufficient to meet its capital requirements and support future growth initiatives.
About NATIONAL PRESTO INDUSTRIES INC
National Presto Industries, Inc. operates through three segments: housewares and small appliances, defense manufacturing, and safety technology. It designs, markets, and distributes kitchen appliances, manufactures military ordnance and related products, and develops safety monitoring systems. Serving primarily U.S. government agencies, retailers, and consumers, the company emphasizes innovation, quality, and reliability, leveraging manufacturing expertise and strategic supplier relationships in competitive markets.
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