National Presto Industries
The 10-second takeaway
For the quarter ended June 30 (Q2), National Presto Industries crushed expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
National Presto Industries booked revenue of $117.1 million. The one analyst polled by S&P Capital IQ predicted revenue of $88.7 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $98.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.26. The one earnings estimate compiled by S&P Capital IQ averaged $1.33 per share. GAAP EPS of $1.26 for Q2 were 20% lower than the prior-year quarter's $1.57 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.7%, 430 basis points worse than the prior-year quarter. Operating margin was 11.6%, 510 basis points worse than the prior-year quarter. Net margin was 7.4%, 360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $97.9 million. On the bottom line, the average EPS estimate is $1.57.
Next year's average estimate for revenue is $398.7 million. The average EPS estimate is $6.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 596 members out of 608 rating the stock outperform, and 12 members rating it underperform. Among 185 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 183 give National Presto Industries a green thumbs-up, and two give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of National Presto Industries. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.