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NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT : David Peuse ( 715 ) 839-2146 NATIONAL PRESTO INDUSTRIES , INC . ANNOUNCES FIRST QUARTER 2021 INCREASED SALES AND EARNINGS Eau Claire , Wisconsin ( April 30 , 2021 ) - National Presto Industries , Inc. ( NYSE : NPK ) announced today first quarter 2021 sales and earnings as shown in the table below . Net earnings per share have been computed on the basis of the weighted average number of common shares outstanding for the respective periods . In response to questions about sales and earnings for the quarter , Maryjo Cohen , President , stated , " The government's response to COVID - 19 continued to impact all three segments during first quarter 2021. As in 2020 , demand for cookware and appliances was strong as consumers remained largely isolated at home preparing their own meals . Stimulus checks and supplemental unemployment payments also fueled demand while simultaneously disincentivizing work , which in turn resulted in labor shortages . Despite major logistics issues due in large part to the referenced consumer demand and reduced labor pool , the Housewares / Small Appliance segment's net shipments were up 33.8 % or $ 6.7 million . Operating earnings for the quarter increased to $ 961,000 in contrast to the prior year's loss . As a result of its backlog , Defense net sales for first quarter 2021 increased by $ 8.7 million or 18.9 % from those reported in 2020. Operating earnings were impacted by COVID - 19 related issues ( material cost increases and difficulties in manning production lines ) and a less favorable sales mix , but nonetheless increased by 5.4 % or $ 576,000 . With the COVID - related cancelation of all trade shows and the inability to meet with customers , the startup Safety segment had nominal sales and incurred an operating loss . Consolidated other income dropped 44.8 % due to another COVID - 19 related action . In response to the pandemic , the Federal Reserve decided late in first quarter 2020 , to reduce its target funds range to 0 to .25 % , resulting in a precipitous decline in yields . " National Presto Industries , Inc. operates in three business segments . The Housewares / Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTOⓇ brand name . The segment is recognized as an innovator of new products . The Defense segment manufactures a variety of products , including medium caliber training and tactical ammunition , energetic ordnance items , fuzes , and cartridge cases . The Safety Segment currently consists of two startup companies . The first is Rusoh , Inc. , which designs and markets the RusohⓇ Eliminator® fire extinguisher , the first owner - maintained fire extinguisher . The second is OneEvent Technologies , Inc. It offers systems that provide early warning of conditions that if not corrected , could ultimately lead to significant losses . Net Sales Net Earnings Net Earnings Per Share Weighted Average Shares Outstanding THREE MONTHS ENDED April 4 , 2021 March 29 , 2020 81,027,000 $ 8,993,000 $ 1.28 7,053,000 65,636,000 8,222,000 1.17 7,028,000 This release contains " forward looking statements ” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties , as well as assumptions , that could cause actual results to differ materially from historical results and those presently anticipated or projected . In addition to the factors discussed above , other important risk factors are delineated in the Company's various SEC filings . 1