Filing Flows › National Presto Industries (NPK) › Q1 2026
National Presto Industries (NPK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
National Presto Industries (NPK) reported revenue of $119M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -28% from the quarter before. Operating margin was 6.8%, net earnings $6.6M (5.6% of revenue).
National Presto Industries, Q1 2026: revenue $119M (+14% year over year), operating margin 6.8%, net earnings $6.6M, operating cash flow $31.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | -28% | +14% |
| Gross profit | $17.5M | -37% | -3% |
| Operating profit | $8.0M | -57% | -11% |
| Net earnings | $6.6M | -56% | -13% |
| Operating cash flow | $31.3M | +125% | +152% |
| Free cash flow | $29.4M | +136% | — |
What changed
Revenue was $118.6M in Q1 2026, up 14% year over year and down 28% from the previous quarter.
Gross margin was 14.7%, down 2.7 points from Q1 2025. Operating profit was $8.0M, a 6.8% margin (down 2.0 points year over year). Operating profit fell $1.0M even though revenue rose $15.0M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 14%. Net earnings were $6.6M, down 13% year over year. The effective tax rate was 23.1%.
Operating cash flow was $31.3M (up 152% year over year), 473% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items added $23.4M. Capital expenditures of $1.9M left free cash flow of $29.4M.
Questions
What was National Presto Industries' revenue in the first quarter 2026?
National Presto Industries (NPK) reported revenue of $119M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -28% from the quarter before.
Was National Presto Industries profitable in the first quarter 2026?
Operating profit was $8.0M (6.8% of revenue) and net earnings $6.6M.