National Presto Industries NPK Q2 2026 earnings

“Defense segment sales for the quarter were up $27.1 million or 27.2% from those reported in the comparable 2025 quarter, reflecting increased shipments from backlog. Sales for the Housewares/Small Appliances segment decreased $1.2 million or 6.2% largely attributable to the impact of the Trump tariffs that affected retail order timing (retailers accelerated orders in 2025 to secure lower pre-tariff pricing) and has resulted in increased retail pricing, which in turn has depressed consumer demand. Safety segment sales, although still nominal, increased by $226,000 or 91.7%. The Defense segment's operating earnings were up $4.9 million or 33.5% from second quarter 2025 earnings largely due to the additional volume referenced above. In contrast to the prior year's loss, Housewares/Small Appliance segment's operating earnings were $2.2 million. Most of those earnings were attributable to a refund of a portion of the tariffs the segment had paid that the Supreme Court declared unauthorized in its February decision. The Safety segment reported a loss as anticipated.”