Filing Flows › National Presto Industries (NPK) › Q1 2025
National Presto Industries (NPK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
National Presto Industries (NPK) reported revenue of $104M for the first quarter 2025 (Q1 2025), +35% from a year earlier and -23% from the quarter before. Operating margin was 8.8%, net earnings $7.6M (7.3% of revenue).
National Presto Industries, Q1 2025: revenue $104M (+35% year over year), operating margin 8.8%, net earnings $7.6M, operating cash flow $12.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | -23% | +35% |
| Gross profit | $18.1M | -45% | +31% |
| Operating profit | $9.1M | -61% | +44% |
| Net earnings | $7.6M | -63% | +16% |
| Operating cash flow | $12.5M | — | +124% |
What changed
Revenue was $103.6M in Q1 2025, up 35% year over year and down 23% from the previous quarter.
Gross margin was 17.5%, down 0.6 points from a year earlier. Operating profit was $9.1M, a 8.8% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 8% margin then. Operating expenses grew 19% against revenue growth of 35%. The fastest-growing cost line was SG&A (+20%). Net earnings were $7.6M, up 16% year over year. The effective tax rate was 22.4%.
Operating cash flow was $12.5M (up 124% year over year), 164% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization. Working capital and other items added $3.6M. Capital expenditures of $23.0M exceeded it, leaving free cash flow of −$10.5M.
Questions
What was National Presto Industries' revenue in the first quarter 2025?
National Presto Industries (NPK) reported revenue of $104M for the first quarter 2025 (Q1 2025), +35% from a year earlier and -23% from the quarter before.
Was National Presto Industries profitable in the first quarter 2025?
Operating profit was $9.1M (8.8% of revenue) and net earnings $7.6M.