false 0000080172 0000080172 2026-02-27 2026-02-27
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): February 27, 2026
 
 
National Presto Industries, Inc.
(Exact name of registrant as specified in this chapter)
 
Wisconsin
  
1-2451
  
39-0494170
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
 
     
3925 North Hastings Way
Eau Claire, Wisconsin
  
54703-3703
(Address of principal executive office)
  
(Zip Code)
 
Registrant’s telephone number, including area code: 715-839-2121
 
N/A
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $1.00 par value
NPK
New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 2.02 Results of Operations and Financial Condition
 
On February 27, 2026, the Registrant issued a press release regarding the registrant’s results of operations for the year ended December 31, 2025. The full text of the press release is filed as Exhibit 99.1 to this Form 8-K. Such Exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On February 27, 2026, the registrant received notice that after almost 16 years with the Company and 10 years as Vice President of Engineering, pursuant to personal plans, Jeff Morgan will retire and resign his Officer position as of April 30, 2026.
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit
No.
  
Description
99.1
  
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
Forward looking statements in this Form 8-K are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward looking statements involve risks and uncertainty. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: government defense spending and defense requirements; termination for the convenience of the government; interest rates; continuity of relationships with and purchases by the United States Government and other major customers; unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors; product mix; competitive pressure on pricing; increases in material, freight/shipping, labor or other production costs that cannot be recouped through pricing; and such other factors as may be described from time to time in the Registrant’s SEC filings.
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
National Presto Industries, Inc.
 
 
(Registrant)
 
 
 
 
 
Date: March 4, 2026
By:
/s/ Maryjo Cohen
 
 
 
(Signature) Maryjo Cohen, President
 
 
 
and Chief Executive Officer
 
 
 
 

Exhibit 99.1

 

NEWS RELEASE

CONTACT: David Peuse

FOR IMMEDIATE RELEASE

 (715) 839-2146

 

 

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES INCREASED 2025 SALES

AND EARNINGS AND 2026 DIVIDEND

 

Eau Claire, Wisconsin (February 27, 2026) -- National Presto Industries, Inc. (NYSE: NPK) announced today 2025 sales and earnings, as shown in the table below. Net earnings per share have been computed based on the weighted average number of common shares outstanding for the respective periods.

 

In response to questions about the Company’s sales, Maryjo Cohen, President, stated, “Net 2025 consolidated sales were $503.5 million, a 29.7% increase from 2024’s levels. Net earnings were down $‐‐‐8.4 million or 20.2% to $33.1 million ($4.63 per share) from 2024’s $41.5 million ($5.82 per share). The revenue increase was provided by the Defense segment. Defense sales increased by $121.9 million or 42.9%, due to higher shipments from its sizable backlog. The shipment increase resulted in augmented operating earnings, which increased $15.5 million or 36.2%. Earnings were also affected by a variety of other factors which included differences in mix, efficiencies, and material costs These improvements were partially offset by reduced sales and operating losses at the Housewares/Small Appliance segment. Those reductions were in significant part attributable to the Trump tariffs. Net revenue at the Housewares/Small Appliance segment was down $7.2 million or 7.0%, largely due to retailers’ reluctance to accept tariff-induced price increases and tariff-related price increases at retail that served to depress consumer purchases. The combination of reduced sales along with the material impact of tariffs on costs was the chief cause of the significant operating loss. Tariffs are treated as period costs and expensed as they are incurred, reflecting the segment’s LIFO inventory cost valuation method. The ongoing relocation of the segment’s distribution center from Canton, MS, to Nettleton, MS, also had an impact. Of necessity, certain costs were duplicated as two staffs must be maintained until the training and move are completed. Equipment and remaining inventory must be transported. A sizable capital loss was incurred as well, stemming from the bankruptcy of a key supplier. The Safety segment reported increased albeit still nominal sales and a reduced comparative loss.”

 

In commenting on the potential impact of the recent Supreme Court decision striking down the IEEPA tariffs, Ms. Cohen stated, “It remains to be seen if and when those tariffs will be refunded, given the absence of Supreme Court guidance and the Trump administration’s stated plan to dispute refunds in the courts. One thing is clear is that the administration has and will continue to impose additional tariffs at rates as high or possibly higher than those implemented in 2025.”

 

The Board of Directors of National Presto Industries, Inc. announced today the 2026 dividend, which consists of the regular dividend of $1.00 per share. When asked if there would be an extra dividend, Ms. Cohen stated, “The cash needs entailed in supporting the inventories required to fulfill the Defense segment’s sizable backlog means, that as in 2025, there will be no extra dividend paid in 2026.”

 

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The 2026 dividend is the most recent in an unbroken history of eighty-two years. The record date for the dividend will be ‐‐‐March 9, 2026, and the payment date, March 20, 2026. In addition, the Board confirmed May 19, 2026, as the date of the Company’s 2026 annual meeting of shareholders. The record date for the annual meeting will be March 24, 2026.

 

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. The segment is recognized as an innovator of new products. The Defense segment manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases, and metal parts. The Safety segment offers smoke and carbon monoxide alarms and systems that provide early warning of conditions that, if not corrected, would cause significant losses.

 

   

YEAR ENDED DECEMBER 31

  
   

2025

    

2024

  

Net Sales

   $ 503,524,000     $ 388,228,000  

Net Earnings

  $ 33,084,000     $ 41,460,000  

Net Earnings Per Share

   $ 4.63     $ 5.82  

Weighted Shares Outstanding

     7,148,000       7,128,000  

 

 

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.

 

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