National Presto Industries Q3 2024 Update
Ticker: NPK · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 80172
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Presto's Q3 2024 financials are in: $12M assets, $7.4M net sales YTD. Holding steady.
AI Summary
National Presto Industries Inc. reported its Q3 2024 results, with total assets valued at $12,000,000 as of September 29, 2024. The company's net sales for the nine months ended September 29, 2024, were $7,440,518. This filing covers the period up to November 8, 2024, and provides financial details for the fiscal year ending December 31.
Why It Matters
This 10-Q filing provides a snapshot of National Presto Industries' financial health and performance for the third quarter of 2024, crucial for investors assessing the company's stability and growth prospects.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments indicated.
Key Numbers
- $12.0M — Total Assets (As of September 29, 2024)
- $7.4M — Net Sales (YTD) (For the nine months ended September 29, 2024)
Key Players & Entities
- NATIONAL PRESTO INDUSTRIES INC (company) — Filer
- 20240929 (date) — Period of report
- 20241108 (date) — Filing date
- $12,000,000 (dollar_amount) — Total assets
- $7,440,518 (dollar_amount) — Net sales for nine months ended 2024-09-29
FAQ
What were National Presto Industries' total assets as of September 29, 2024?
Total assets were $12,000,000 as of September 29, 2024.
What were the net sales for the nine months ended September 29, 2024?
Net sales for the nine months ended September 29, 2024, were $7,440,518.
What is the fiscal year end for National Presto Industries?
The fiscal year end is December 31.
When was this 10-Q filing submitted?
The filing was submitted on November 8, 2024.
What is the SIC code for National Presto Industries?
The Standard Industrial Classification code is 3480 (ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES)).
Filing Stats: 4,511 words · 18 min read · ~15 pages · Grade level 18.3 · Accepted 2024-11-08 16:00:58
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value NPK NYSE Indicate by ch
Filing Documents
- npk20240930_10q.htm (10-Q) — 728KB
- ex_717877.htm (EX-31.1) — 10KB
- ex_717878.htm (EX-31.2) — 11KB
- ex_717879.htm (EX-32.1) — 5KB
- ex_717880.htm (EX-32.2) — 5KB
- 0001437749-24-034199.txt ( ) — 3527KB
- npk-20240929.xsd (EX-101.SCH) — 27KB
- npk-20240929_cal.xml (EX-101.CAL) — 36KB
- npk-20240929_def.xml (EX-101.DEF) — 185KB
- npk-20240929_lab.xml (EX-101.LAB) — 174KB
- npk-20240929_pre.xml (EX-101.PRE) — 209KB
- npk20240930_10q_htm.xml (XML) — 499KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 3
– Financial Statements
Item 1 – Financial Statements 3 Condensed Consolidated Balance Sheets 3 Consolidated Statements of Comprehensive Income 5 Consolidated Statements of Cash Flows 6 Consolidated Statements of Stockholders' Equity 7 Notes to Condensed Consolidated Financial Statements 8
– Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations 13
– Quantitative and Qualitative Disclosures About Market Risk
Item 3 – Quantitative and Qualitative Disclosures About Market Risk 14
– Controls and Procedures
Item 4 – Controls and Procedures 15
– OTHER INFORMATION
PART II – OTHER INFORMATION 16
– Legal Proceedings
Item 1 – Legal Proceedings 16
– Other Information
Item 5 – Other Information 16
– Exhibits
Item 6 – Exhibits 16
SIGNATURES
SIGNATURES 17 CERTIFICATIONS 19 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS NATIONAL PRESTO INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS September 29, 2024 and December 31, 2023 (Dollars in thousands) September 29, 2024 (Unaudited) December 31, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 16,329 $ 87,657 Marketable securities 16,888 26,454 Accounts receivable, net 46,854 48,727 Inventories: Finished goods $ 40,285 $ 31,815 Work in process 204,838 144,684 Raw materials 18,495 263,618 13,921 190,420 Notes receivable, current 1,431 1,629 Other current assets 3,852 5,223 Total current assets 348,972 360,110 PROPERTY, PLANT AND EQUIPMENT $ 110,873 $ 107,010 Less allowance for depreciation 70,509 40,364 67,774 39,236 GOODWILL 19,433 19,433 INTANGIBLE ASSETS, net 4,155 5,290 RIGHT-OF-USE LEASE ASSETS 10,187 10,664 DEFERRED INCOME TAXES 5,791 5,803 $ 428,902 $ 440,536 The accompanying notes are an integral part of the condensed consolidated financial statements. 3 Table of Contents NATIONAL PRESTO INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS September 29, 2024 and December 31, 2023 (Dollars in thousands) September 29, 2024 (Unaudited) December 31, 2023 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES CURRENT LIABILITIES: Accounts payable $ 39,567 $ 38,232 Federal and state income taxes 1,323 2,539 Lease liabilities 625 678 Accrued liabilities 28,974 30,570 Total current liabilities 70,489 72,019 LEASE LIABILITIES - NON-CURRENT 9,562 9,986 FEDERAL AND STATE INCOME TAXES - NON-CURRENT 2,275 2,275 Total liabilities 82,326 84,280 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY Common stock, $ 1 par value: Authorized: 12,000,000 shares Issued: 7,440,518 shares $ 7,441 $ 7,441 Paid-in capital 17,010 16,031 Retained earnings 332,944 344,245 Accumulated other comprehensive income 67 22 357,462 36