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NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT : David Peuse ( 715 ) 839-2146 NATIONAL PRESTO INDUSTRIES , INC . ANNOUNCES THIRD QUARTER 2021 SALES AND EARNINGS Eau Claire , Wisconsin ( October 29 , 2021 ) -- National Presto Industries , Inc. ( NYSE : NPK ) announced today third 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 , “ Third quarter 2021 net sales decreased by $ 6.7 million ( 7.1 % ) from 2020 levels to $ 87.2 million as a result of year - to - year timing differences in Defense segment shipments offset in part by nominal increases at the Housewares / Small Appliance and Safety segments . The Defense segment's revenues dropped $ 7.3 million or 11 % in part due to severe weather damage to one of the segment's buildings that in turn resulted in the deferment of production under one of its contracts . Operating earnings for the quarter also declined . Defense earnings were down $ 1.3 million or 9.8 % , largely due to the revenue decline referenced above . As in second quarter , the combination of extraordinarily high ocean - cargo freight rates ( that continued to climb materially during much of the quarter ) and higher commodity costs resulted in a sizable operating loss of $ 6.3 million at the Housewares / Small Appliance segment . That loss occurred despite the implementation of what would normally be deemed significant mid- year price increases . As expected , the two start - up businesses that comprise the Safety segment , Rusoh and OneEvent , again operated at a loss . Portfolio earnings declined due to ultra - low Federal Reserve Board rates that remain at a target of 0 to 0.25 % , notwithstanding significant ongoing inflation . " 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 Oct. 3 , 2021 Sept 27 , 2020 $ 87,225,000 $ 93,937,000 $ 4,129,000 $ 12,138,000 .58 $ 1.72 7,062,000 7,041,000