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DESCRIPTION OF BUSINESS The business of National Presto Industries, Inc. (the Company" or National Presto ) consists of three business segments. For a further discussion of the Company s business, the segments in which it operates, and financial information about the segments, please refer to Note L to the Consolidated Financial Statements.
Operating margin is thin at 7.99%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 29.6%, still solid. Margins contracted 3.6pp, which offsets some of the top-line progress.
Negative free cash flow of -$36M. The business is consuming cash, not generating it. Operating margin contracted 3.6pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$518M
▲ +29.6% YoY
Net Income (TTM)
$32M
▼ -20.2% YoY
Op. Margin
7.56%
▼ -3.6pp YoY
ROIC
7.68%
▼ -1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4M
▲ +40.7% YoY
Op. Cash Flow (TTM)
$10M
▲ +82.9% YoY
Net Debt
$2M
Cash & Equiv.
$7M
5Y CAGR: +7.4%
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