NATIONAL PRESTO INDUSTRIES Reports Earnings Results for Second Quarter of FY2023
August 22, 2023
🌥️Earnings Overview
On August 11 2023, NATIONAL PRESTO INDUSTRIES ($NYSE:NPK) reported their earnings results for the quarter ending June 30 2023, for FY2023. Revenue for the quarter was USD 79.0 million, a 2.3% increase from the same period in the previous year. However, net income dropped 17.7%, amounting to USD 5.5 million compared to the same period last year.
Market Price
The stock opened trading at $79.4 and closed at $78.8, down by 0.8% from the previous closing price of 79.5. The company attributed the increase in costs to higher selling, general and administrative expenses as well as higher research and development expenses. Overall, it was a relatively mixed quarter for NATIONAL PRESTO INDUSTRIES with revenue increasing but net income and earnings per share both declining. Investors will likely be keeping a close eye on the company’s financial performance in the coming quarters to see if it can turn things around and return to growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NPK. More…
| Total Revenues | Net Income | Net Margin |
| 343.09 | 24.08 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NPK. More…
| Operations | Investing | Financing |
| 43.88 | -9.65 | -27.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NPK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 401.81 | 66.51 | 47.36 |
Key Ratios Snapshot
Some of the financial key ratios for NPK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.8% | -17.9% | 9.1% |
| FCF Margin | ROE | ROA |
| 12.3% | 5.9% | 4.8% |
Analysis
At GoodWhale, we have conducted an analysis of NATIONAL PRESTO INDUSTRIES’s wellbeing and we have determined that they are a medium risk investment in terms of financial and business aspects. We have detected 2 risk warnings in their balance sheet and cashflow statement. If you’d like to find out more information, we recommend registering on goodwhale.com where you’ll have access to a full report of our findings. More…
Peers
Its competitors include Xi’an ChenXiAviation Technology Corp Ltd, AAR Corp, and Odessos Shiprepair Yard.
– Xi’an ChenXiAviation Technology Corp Ltd ($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 their earnings results for the second quarter of FY2023. Total revenue for the quarter increased by 2.3%, however, net income decreased by 17.7%. This indicates that although there is an increase in revenue, profit margins are decreasing.
Investors should closely monitor the performance of NATIONAL PRESTO INDUSTRIES and analyze any possible reasons for the decrease in net income such as changes in costs or expenses. A further decline in profits could be a red flag and indicate a potential risk.
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