The **Hamilton Beach** of small kitchen appliances, known for practical and durable household items.

A specialized defense contractor, similar to a focused **Olin (Winchester)**, providing military ammunition and ordnance.

• Defense Products: Manufactures medium caliber ammunition, fuzes, and other ordnance items primarily for the U.S. military.
• Housewares/Small Appliances: Produces and markets a variety of kitchen appliances such as pressure cookers, griddles, deep fryers, and slow cookers under the Presto® brand.
• Absorbent Products: Manufactures private label adult incontinence products and juvenile diapers for other companies.

National Presto Industries (NPK) primarily sells to other companies and governmental entities rather than directly to individuals. Based on its latest annual report (10-K), its major customers are:

• The United States Government: This is by far NPK's largest customer, particularly for its Defense segment. Approximately 84% of the company's consolidated sales in 2023 were to the United States Government and its prime contractors.

• Prime Contractors to the United States Government: NPK's Defense segment also sells to various prime contractors that work with the U.S. Government. While National Presto Industries does not publicly disclose the names of specific prime contractors it supplies, these are typically large aerospace and defense companies. Examples of major U.S. defense prime contractors include:

  • Lockheed Martin Corporation (NYSE: LMT)
  • RTX Corporation (NYSE: RTX)
  • Northrop Grumman Corporation (NYSE: NOC)
  • General Dynamics Corporation (NYSE: GD)
  • The Boeing Company (NYSE: BA)

  It's important to note that NPK has not specified which of these (or other) prime contractors are its direct customers.

For its Housewares/Small Appliance segment, NPK sells to a diversified customer base including mass merchandisers, national retailers, food and drug chains, and home improvement centers. Similarly, its Absorbent Products segment sells to customers for private label distribution. However, no single customer in these segments accounts for more than 10% of total company sales or 20% of segment sales, meaning the U.S. Government and its prime contractors represent the overwhelmingly major customer base for the company as a whole.

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Maryjo Cohen, Chairman, President, and Chief Executive Officer

Maryjo Cohen has served as the Chief Executive Officer of National Presto Industries since May 1994, President since May 1989, and Chairman since January 2002. She joined the company in 1976 and is the granddaughter of Lewis Phillips, who acquired a controlling interest in Presto in 1942. Her father, Melvin S. Cohen, also led the company for many decades. Ms. Cohen previously served as Interim Chief Financial Officer from June 2008 to September 2008. She holds B.B.A. and J.D. degrees from the University of Michigan. Under her leadership, National Presto Industries acquired AMTEC Corporation in February 2001, which manufactures ammunition and products for the U.S. Department of Defense. Ms. Cohen controls a significant portion of the company's stock, which has been cited as a reason private equity groups have not pursued involvement with the company.

David J. Peuse, Treasurer, Principal Financial Officer and Director, Financial Reporting

David J. Peuse serves as the Director of Financial Reporting and Treasurer at National Presto Industries. In this role, he is responsible for the company's financial reporting, treasury operations, and financial planning. He brings expertise in accounting, financial analysis, and corporate finance.

Douglas J. Frederick, Chief Operating Officer, Vice President, Secretary and General Counsel

Douglas J. Frederick holds the positions of Chief Operating Officer, Vice President, Secretary, and General Counsel at National Presto Industries. His leadership spans various departments within the company.

Jeffery A. Morgan, Vice President, Engineering

Jeffery A. Morgan is the Vice President of Engineering at National Presto Industries.

John R. MacKenzie, Vice President, Sales

John R. MacKenzie serves as the Vice President of Sales at National Presto Industries.

Key Risks to National Presto Industries

1. Profitability Challenges and Market Dependence in Housewares/Small Appliances: The company's housewares segment consistently struggles with rising operational costs and intense competition, which limits its ability to implement price adjustments and hinders long-term growth prospects. This segment is vulnerable to shifts in consumer preferences and market trends due to its heavy reliance on core product lines. Despite overall revenue growth, profitability in this area has been negatively affected by tariffs, higher costs, and margin pressures.
2. Supply Chain Disruptions: National Presto Industries is exposed to global supply chain issues, including material shortages and transportation delays, which could disrupt production and delivery timelines. Broader global events, such as political and economic disruptions, trade disputes, and sanctions, also pose risks that can lead to delays, increased costs, and alterations in trade routes, affecting the company's supply chain resilience.
3. Cybersecurity Incidents: The company recently disclosed a material cybersecurity incident that occurred in March 2025. This event caused disruptions to several operational areas, including shipping, manufacturing processes, and back-office functions. While efforts to restore systems are ongoing, the potential ramifications on National Presto Industries' financial health and operational performance have not yet been fully determined, but are acknowledged to be potentially materially significant.

National Presto Industries (NPK) operates in three main segments: Housewares/Small Appliance, Defense Products, and Safety (also referred to as Absorbent Products). The addressable markets for these segments are as follows:

• Housewares/Small Appliance: The North America Kitchen Small Electronic Appliances Market was valued at approximately USD 22.8 billion in 2023. This market is projected to reach USD 35.8 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of over 5.2% between 2024 and 2032.

• Defense Products: The North America ammunition market generated a revenue of USD 12.7 billion in 2023. It is expected to grow at a CAGR of 5.1% during the forecast period from 2024 to 2032. The U.S. ammunition market specifically was estimated at USD 7.70 billion in 2023.

• Safety Segment (Absorbent Products): This segment encompasses a range of products including fire extinguishers, carbon monoxide alarms, and cold chain monitoring solutions.

  • Portable Fire Extinguishers: The U.S. portable fire extinguisher market generated a revenue of USD 3,302.3 million in 2024. It is expected to reach USD 5,170.7 million by 2030, growing at a CAGR of 8.2% from 2025 to 2030.

  • Carbon Monoxide Alarms: The global Carbon Monoxide Alarm Market Size was estimated at USD 2.568 billion in 2024. This market is projected to grow to USD 4.315 billion by 2035, exhibiting a CAGR of 4.83% during the forecast period 2025-2035. North America remains the largest market for carbon monoxide alarms.

  • Cold Chain Monitoring: The North America cold chain monitoring market share stood at USD 2.10 billion in 2024. The global cold chain monitoring market size was valued at USD 6.09 billion in 2024 and is projected to grow to USD 20.73 billion by 2032, exhibiting a CAGR of 16.79% during the forecast period.

National Presto Industries (NPK) is expected to drive future revenue growth over the next two to three years through several key areas:

1. Growth in the Defense Segment Backlog and Shipments: The Defense segment has been a significant contributor to National Presto Industries' revenue growth, with its backlog surging. This growth is anticipated to continue due to new contracts and ongoing restocking efforts, particularly in support of international needs. For example, the defense segment's backlog ballooned to $1.09 billion in 2024 and further to $1.37 billion in the second quarter of 2025, indicating future revenue for the unit.
2. Expansion of Rental Fleet and Services for Composite Matting: The company has demonstrated strong year-over-year growth in its rental and service revenues, especially for composite matting used in power transmission and critical infrastructure projects. National Presto Industries is actively expanding its rental fleet to meet this robust demand. For instance, rental revenues surged by 34% year-over-year in Q2 2025.
3. Increased Product Sales in Composite Matting: Alongside rental services, product sales of composite matting are experiencing significant growth. This is fueled by strong demand from utility companies and a continued market conversion from traditional timber mats to composite products. Product sales for NPK International increased by more than 100% year-over-year in Q3 2025.
4. Improved Performance and Distribution in the Housewares/Small Appliances Segment: This segment has shown revenue gains attributed to an improved retail environment and enhanced product distribution, as well as the resolution of prior shipment disruptions. In 2024, the Housewares/Small Appliance segment's revenue increased by 5.3%.
5. New Product Introductions and Certifications in the Safety Segment: The Safety segment, which focuses on safety technology, is working towards securing certifications for new products like smoke alarms and fire extinguishers. Achieving these certifications is expected to support future sales growth in this division. National Presto achieved certification for its smoke alarms in January 2025.

Share Repurchases

Information on the dollar amount of share repurchases made and authorized to be made in the future by National Presto Industries for the last 3-5 years is not readily available in the provided search results for the specified period.

Share Issuance

Information on the dollar amount of shares issued by National Presto Industries for the last 3-5 years is not readily available in the provided search results for the specified period. As of November 7, 2025, there were 7,151,940 shares of common stock outstanding.

Inbound Investments

Information regarding large inbound investments made in National Presto Industries by third-parties for the last 3-5 years is not readily available in the provided search results for the specified period.

Outbound Investments

• National Presto Industries successfully integrated Woodlawn, an acquisition made in late 2022.
• The company continues to evaluate acquisition opportunities.

Capital Expenditures

• Capital expenditures were $25,555,000 year-to-date as of September 28, 2025.
• Purchases of property, plant, and equipment amounted to $3,873,000 in 2024.
• Capital expenditures included $2,866,000 in 2021 and $2,621,000 in 2020, primarily for augmenting production facilities in the Defense segment.