NATIONAL PRESTO INDUSTRIES Reports Earnings for Q2 FY2023 on June 30th
August 18, 2023
🌥️Earnings Overview
NATIONAL PRESTO INDUSTRIES ($NYSE:NPK) released its earnings report for the second quarter of FY2023, which ended on June 30 2023, with total revenue for the quarter amounting to USD 79.0 million, a 2.3% increase year over year. Net income, however, decreased 17.7% compared to the same period in the previous year, amounting to USD 5.5 million.
Price History
The company reported that its stock opened at $79.4 and closed at $78.8, a decrease of 0.8% from its prior closing price of 79.5. This marks a slight dip from their previous closing price, though it is still higher than where it opened the previous Friday. The company has been performing strongly in recent quarters, with a strong focus on innovation and customer satisfaction. Though the stock experienced a slight dip on Friday, NATIONAL PRESTO INDUSTRIES remains optimistic about the future.
It is expected that the company’s strong performance will continue in the upcoming quarters, as it continues to invest in new products and maintain customer satisfaction levels. Investors remain confident in the company’s future prospects, as its stock price remains higher than its opening price for the quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NPK. More…
| Total Revenues | Net Income | Net Margin |
| 343.09 | 24.08 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NPK. More…
| Operations | Investing | Financing |
| 43.88 | -9.65 | -27.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NPK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 401.81 | 66.51 | 47.36 |
Key Ratios Snapshot
Some of the financial key ratios for NPK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.8% | -17.9% | 9.1% |
| FCF Margin | ROE | ROA |
| 12.3% | 5.9% | 4.8% |
Analysis
GoodWhale has conducted an analysis of NATIONAL PRESTO INDUSTRIES’s wellbeing and the results are positive. Our Star Chart revealed that the company is strong in asset, medium in dividend, profitability and weak in growth. After assessing the results, we have classified NATIONAL PRESTO INDUSTRIES as a ‘rhino’, a type of company we believe has achieved moderate revenue or earnings growth. For investors interested in such a company, they should take comfort in the knowledge that NATIONAL PRESTO INDUSTRIES has a high health score of 10/10 with regard to its cashflows and debt. This shows that the company is capable of paying off its debt and funding future operations. More…
Peers
Its competitors include Xi’an ChenXiAviation Technology Corp Ltd, AAR Corp, and Odessos Shiprepair Yard.
– Xi’an ChenXiAviation Technology Corp Ltd ($SZSE:300581)
ChenXi Aviation Technology Corp Ltd is a Chinese aircraft manufacturer and aviation service provider. The company has a market cap of 6.21B as of 2022 and a Return on Equity of 1.84%. ChenXi Aviation Technology Corp Ltd is a leading manufacturer of light general aviation aircrafts in China with a strong focus on developing and commercializing electric aircrafts. The company has over 300 employees and is headquartered in Xi’an, China.
– AAR Corp ($NYSE:AIR)
AAR Corp is a leading provider of aviation services to the global aerospace and defense industry. The company has a market cap of 1.52B as of 2022 and a Return on Equity of 7.44%. AAR Corp provides a broad range of services to its customers, including aircraft maintenance, repair and overhaul, engineering services, and parts supply. The company has a long history of providing high quality services to its customers and is well-positioned to continue doing so in the future.
– Odessos Shiprepair Yard ($LTS:0OIF)
Odessos Shiprepair Yard is a publicly traded company that provides ship repair and conversion services. The company has a market capitalization of $80.96 million and a return on equity of 5.34%. Odessos Shiprepair Yard operates in the shipbuilding and repair industry and has a workforce of over 1,000 employees. The company is headquartered in Varna, Bulgaria and has a customer base that includes some of the world’s leading shipping companies.
Summary
National Presto Industries reported its earnings results for the second quarter of FY2023 on June 30 2023, showing a total revenue of USD 79.0 million, which was a 2.3% increase from the same period in the previous year. However, net income experienced a decline of 17.7% year over year, standing at USD 5.5 million. Investors may find it concerning that revenue and profit margins have decreased, though it should be noted that revenue did still increase overall. Furthermore, investors may want to consider whether NATIONAL PRESTO INDUSTRIES is managing expenses and allocating resources in a way that will produce positive returns in the long term.
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