Exhibit 99.1
FOR IMMEDIATE RELEASE    (715) 839-2164
Eau Claire, Wisconsin (February 14, 2014) -- National Presto Industries, Inc. (NYSE: NPK) announced today 2013 sales and earnings, as shown in the table below.  Net earnings per share have been computed on the basis of the weighted average number of common shares outstanding for the respective periods.
In commenting on the results, Maryjo Cohen, President, stated, “While net earnings increased for the company as a whole from 2012 levels, sales for the 2013 year in all three segments were down.  Housewares/Small Appliance segment sales decreased from the prior year by 5.4%, reflecting cautious retail ordering, which led to a weak Christmas season at retail.   Defense segment sales dropped 15.8% from 2012 due both to a reduction in shipments of 40MM ammunition to the U.S. government and in cartridge case and loading plant shipments to prime contractors.  The Absorbent Product segment net sales declined 6.9% principally due to a further drop in sales to a significant customer.  That customer opened its own facility during fourth quarter 2011.  A portion of the decline was offset by increased shipments to new and ongoing customers.
“Net operating income also increased for both the Housewares/Small Appliances and Absorbent Product segments due to the absence of the extraneous events that had a negative impact on 2012’s results – in the case of Housewares/Small Appliance,  2012’s litigation costs stemming from lawsuits of a spurious nature and unusually large corporate employee health and accident costs;  in the case of Absorbent Products, the prior year’s sizable one-time write-off of equipment and receivables attributed to a foreign independent manufacturing facility’s financial difficulties. Net income was further enhanced as a result of a change in a tax provision.   The Defense segment’s operating earnings declined in large part due to the reduction in volume referenced above.  Portfolio earnings were also down from the prior year, reflecting the continuation of the ultra low Federal Reserve Board’s federal funds target rate which remained at 0.0% to 0.25%.”
The Board of Directors of National Presto Industries, Inc. announced the 2014 dividend, which consists of the regular dividend of $1.00 per share, plus an extra of $4.05.  The 2014 dividend is the most recent in an unbroken history of seventy years.  The record date for the dividend will be March 3, 2014, and the payment date, March 14, 2014.  In addition, the Board confirmed May 20, 2014, as the date of the Company’s 2014 annual meeting of shareholders. The record date for the annual meeting will be March 20, 2014.  
National Presto Industries, Inc. operates in three business segments.  The Housewares/Small Appliance segment, designs and sells small household appliances and pressure cookers under the PRESTO® brand name, and is recognized as an innovator of new products.  The Defense segment operating under the aegis of National Defense Corp, manufactures a variety of products, including medium caliber training and tactical ammunition, other military energetic devices and materials, detonators, fuzes, cartridge cases, less-lethal munitions and less-lethal
accessory equipment.  The Absorbent Products segment engages in the design, manufacture and sale of private label adult incontinence products.
Year Ended December 31
Net Sales
  $ 420,188,000     $ 472,490,000  
Net Earnings
  $ 41,252,000     $ 38,875,000  
Net Earnings Per Share
  $ 5.97     $ 5.64  
Weighted Shares Outstanding
    6,907,000       6,889,000  

This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected.  In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.

The following information was filed by National Presto Industries Inc (NPK) on Tuesday, February 18, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate National Presto Industries Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by National Presto Industries Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Log in with your credentials


Forgot your details?

Create Account