Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

National Presto Small Appliance Sales Up in 2Q
Jul 31, 2013
 Printable format
 Email this Article
 Search

Despite increases in earnings from its Housewares/Small Appliance business, National Presto Industries, Inc. (Eau Claire, WI) reported that overall second quarter 2013 sales and earnings were down from 2012.

Presto had 2Q 2013 net sales of $101,396,000, down from $117,114,000 in 2Q 2012. Net earnings in 2Q 2012 were $8,301,000, down from $8,703,000 in 2Q 2012.

Presto net sales in the first half of 2013 were $184,586,000, down from $213,887,000 in the first half of 2012. Presto net earnings in the first half of 2013 were $15,155,000, from $18,047,000 in the first half of 2012.

National Presto Industries operates three business segments:
Housewares/Small Appliances, Absorbent Products, and Defense products. Company President Maryjo Cohen blamed 2Q lower earnings on the performance of the Defense and Absorbent Products segments.

"Second quarter 2013 sales declined from second quarter 2012's levels largely due to year-to-year differences in the Defense segment's 40MM ammunition shipments (down 20.5%), and the expected drop in comparative Absorbent Product segment shipments (off 8.7%)," Cohen said. "These declines were partially offset by an increase in Housewares/Small Appliance segment net sales, which were up 4.8%, primarily as a result of its product diversification program. Comparative second quarter operating earnings also declined, chiefly due to the Defense segment's shipment differences. Housewares/Small Appliance operating earnings increased by 14.8%, reflecting in part the sales increase."

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows