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National Presto Industries Inc. (NPK) filed Quarterly Report for the period ended 2011-10-02.
National Presto Industries Inc. has a market cap of $657.51 million; its shares were traded at around $95.68 with a P/E ratio of 11.58 and P/S ratio of 1.37. The dividend yield of National Presto Industries Inc. stocks is 1.05%. National Presto Industries Inc. had an annual average earning growth of 38.4% over the past 10 years. GuruFocus rated National Presto Industries Inc. the business predictability rank of 4.5-star.
This is the annual revenues and earnings per share of NPK over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NPK.
Highlight of Business Operations:
Housewares/Small Appliance gross profits decreased $5,275,000 from $20,815,000 to $15,540,000, or 25%, approximately one-half of which related to the decrease in sales mentioned above, with the balance reflecting increased commodity and freight costs. Defense gross profits decreased $817,000 from $48,450,000 from the prior year’s nine months to $47,633,000, or 2%, due to the sales decrease mentioned above, partially offset by efficiencies realized during the nine month period and a more favorable product mix. Absorbent Products gross profits decreased $3,099,000 from $6,202,000 to $3,103,000, reflecting increased commodity and freight costs and lower efficiencies, approximately 25% of which was offset by the sales increase mentioned above.Net cash provided by operating activities was $35,806,000 and $33,835,000 for the nine months ended October 2, 2011 and October 3, 2010, respectively. The principal factors contributing to the increase can be found in the changes in the components of working capital within the Consolidated Statements of Cash Flows. Of particular note during the first nine months of 2011 were net earnings of $34,566,000; a decrease in accounts receivable levels stemming from cash collections on customer sales, partially offset by an increase in inventory levels and deposits made with raw material suppliers included in other current assets; and decreases in payable and accrual levels. Of particular note during the first nine months of 2010 were net earnings of $41,387,000; a decrease in accounts receivable levels stemming from cash collections on customer sales, partially offset by an increase in inventory levels and deposits with suppliers included in other current assets.
Net cash provided by investing activities during the first nine months of 2011 was $16,966,000, as compared to $10,353,000 used in investing activities during the first nine months of 2010. The change in investing activity cash flow is primarily attributable to an increase in net maturities/sales of marketable securities.
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