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National Presto Industries, Inc. (NPK) is a diversified company engaged in the design, marketing, and distribution of housewares and small electrical appliances, as well as the manufacturing of defense-related products and safety technology. The company sells a wide range of kitchen appliances under the PRESTO® brand, defense products including ammunition and military energetic devices, and safety products such as carbon monoxide alarms and monitoring systems. NPK's operations are primarily focused on the North American market.
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Defense Segment - Manufactures and supplies a variety of defense-related products, including medium caliber ammunition, energetic ordnance items, and military energetic devices. The segment has expanded through acquisitions and holds significant contracts with the U.S. Government.
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Housewares/Small Appliance Segment - Designs, markets, and distributes housewares and small electrical appliances, including pressure cookers, air fryers, and waffle makers, primarily sourced from non-affiliated suppliers in the Orient and sold in North America.
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Safety Segment - Provides innovative safety technology products, including carbon monoxide alarms and monitoring systems for various conditions. This segment includes startup companies focusing on advanced safety solutions.
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Amazon.com, Inc. | The company sells housewares and small appliances; no long-term supply contract | Housewares/Small Appliance | Accounted for 10% (~$38.82 million) of 2024 net sales , and 11% (~$37.50 million) of 2023 net sales. |
Recent press releases and 8-K filings for NPK.
- Q1 2025 results report increased net sales of $103.6 million and net earnings of $7.61 million, showing an improvement from the previous year.
- The Defense segment achieved a significant sales increase of 47.1% (totaling $25.9 million) with operating earnings up by 58.6%, driven by enhanced shipments from its backlog.
- Tariff impacts, including a rise to 145% under the Trump tariffs, have led to delays in new product announcements and purchases.
- AMTEC Corporation, the wholly-owned subsidiary of National Presto Industries, received multiple contract awards totaling $139.7M for 40mm cartridges.
- Deliveries under these defense contracts are scheduled to begin in 2025 and conclude in 2029.