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NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT : David Peuse ( 715 ) 839-2146 NATIONAL PRESTO INDUSTRIES , INC . ANNOUNCES SECOND QUARTER 2021 SALES & EARNINGS Eau Claire , Wisconsin ( July 30 , 2021 ) -- National Presto Industries , Inc. ( NYSE : NPK ) announced today second quarter 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 the sales and earnings figures , Maryjo Cohen , President , stated , “ Second quarter 2021 net sales essentially matched the prior year's second quarter . Increases from the Defense segment largely offset a $ 2.8 million or 10.9 % decrease at the Housewares / Small Appliance segment . That decline reflected the supply chain issues mentioned in the 2020 annual report , which has made it challenging to secure product on a timely basis . The improved Defense segment shipments resulted from additional shipments from its backlog . Net earnings decreased $ 3.4 million or 26.6 % . Operating profits at the Defense segment were down slightly ( 1 % ) largely due to a less favorable mix . The combination of increased commodity costs with the extraordinary second quarter ocean - cargo freight rate hikes resulted in an operating loss at the Housewares / Small Appliance segment . As expected , the two start- up businesses , Rusoh and OneEvent , also operated at a loss . Portfolio earnings declined due to the Federal Reserve Board's response to the COVID - 19 shutdowns in which it reduced its reserve rate to 2008 levels , i.e. , to a target of 0 to 0.25 % . 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 , would cause significant losses . Net Sales Net Earnings Net Earnings Per Share Weighted Shares Outstanding THREE MONTHS ENDED July 4 , 2021 June 28 , 2020 SSS $ 87,118,000 $ 87,132,000 $ 9,292,000 $ 12,657,000 $ 1.32 $ 1.80 7,060,000 7,038,000