National Presto Industries, Inc. (NYSE:NPK)

National Presto Industries, Inc. NPK

Industrials - Aerospace & Defense - NYSE - US

Watchlist

$ 76.05

-0.692 %

$ 540 M

Market Cap

15.98

P/E

1. INTRINSIC VALUE

National Presto Industries Inc. provides housewares and small electric appliance, and defense products primarily in North America. It operates through three segments: Housewares/Small Appliance, Defense, and Safety. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers under the Presto Control Master brand.[ Read More ]

The intrinsic value of one NPK stock under the base case scenario is HIDDEN Compared to the current market price of 76 USD, National Presto Industries, Inc. is HIDDEN

NPK Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart NPK

FINANCIALS

Annual
Quarterly

341 M REVENUE

Growth Rates

1Year 6.00%

3Years -1.12%

5Years 1.07%

7Years -0.04%

10Years -2.07%

35 M OPERATING INCOME

Growth Rates

1Year 7.08%

3Years -14.57%

5Years -6.07%

7Years -7.94%

10Years -4.85%

34.6 M NET INCOME

Growth Rates

1Year 66.96%

3Years -9.71%

5Years -2.85%

7Years -3.57%

10Years -1.75%

45.4 M OPERATING CASH FLOW

Growth Rates

1Year 417.67%

3Years 3.47%

5Years -9.85%

7Years -5.28%

10Years 6.48%

-447 K INVESTING CASH FLOW

Growth Rates

1Year 97.28%

3Years -2.04%

5Years -0.81%

7Years 50.44%

10Years 35.99%

-28 M FINANCING CASH FLOW

Growth Rates

1Year 10.91%

3Years 12.42%

5Years 7.56%

7Years 3.03%

10Years 0.00%

91.8 M REVENUE

Growth Rates

1Year 6.00%

3Years -1.12%

5Years 1.07%

7Years -0.04%

10Years -2.07%

9.22 M OPERATING INCOME

Growth Rates

1Year 7.08%

3Years -14.57%

5Years -6.07%

7Years -7.94%

10Years -4.85%

8.08 M NET INCOME

Growth Rates

1Year 66.96%

3Years -9.71%

5Years -2.85%

7Years -3.57%

10Years -1.75%

-17.5 M OPERATING CASH FLOW

Growth Rates

1Year 417.67%

3Years 3.47%

5Years -9.85%

7Years -5.28%

10Years 6.48%

1.22 M INVESTING CASH FLOW

Growth Rates

1Year 97.28%

3Years -2.04%

5Years -0.81%

7Years 50.44%

10Years 35.99%

0 FINANCING CASH FLOW

Growth Rates

1Year 10.91%

3Years 12.42%

5Years 7.56%

7Years 3.03%

10Years 0.00%

Balance Sheet Decomposition National Presto Industries, Inc.

443 M ASSETS
87.1 M LIABILITIES

Current Assets	360 M
Cash & Short-Term Investments	114 M
Receivables	50.4 M
Other Current Assets	196 M
Non-Current Assets	80.4 M
Long-Term Investments	0
PP&E	49.9 M
Other Non-Current Assets	30.5 M

Current Liabilities	72 M
Accounts Payable	38.2 M
Short-Term Debt	678 K
Other Current Liabilities	33.1 M
Non-Current Liabilities	12.3 M
Long-Term Debt	9.99 M
Other Non-Current Liabilities	2.28 M

EFFICIENCY

Earnings Waterfall National Presto Industries, Inc.

Revenue	341 M
Cost Of Revenue	273 M
Gross Profit	67.5 M
Operating Expenses	32.4 M
Operating Income	35 M
Other Expenses	474 K
Net Income	34.6 M

RATIOS

19.79% GROSS MARGIN

Averages

1Year 19.79%

3Years 18.34%

5Years 20.48%

7Years 21.72%

10Years 21.68%

10.28% OPERATING MARGIN

Averages

1Year 10.28%

3Years 9.63%

5Years 11.97%

7Years 13.31%

10Years 13.53%

10.14% NET MARGIN

Averages

1Year 10.14%

3Years 7.93%

5Years 10.16%

7Years 11.29%

10Years 10.79%

9.70% ROE

Averages

1Year 9.70%

3Years 7.61%

5Years 9.37%

7Years 10.31%

10Years 10.50%

7.80% ROA

Averages

1Year 7.80%

3Years 6.31%

5Years 8.01%

7Years 8.94%

10Years 9.07%

8.01% ROIC

Averages

1Year 8.01%

3Years 7.38%

5Years 8.73%

7Years 9.25%

10Years 9.65%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis National Presto Industries, Inc.

Net Income	34.6 M
Depreciation & Amortization	6.01 M
Capital Expenditures	-1.84 M
Stock-Based Compensation	0
Change in Working Capital	4.63 M
Others	6.02 M
Free Cash Flow	43.5 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets National Presto Industries, Inc.

NPK has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

0.00% DIVIDEND YIELD

4.5 USD DIVIDEND PER SHARE

5. COMPETITION

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Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States.

-9.96 USD

DCO

Overvalued 114.96%

Innovative Solutions and Support, Inc., a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottle, and cockpit display systems in the United States and internationally.

7.14 USD

ISSC

Overvalued 4.75%

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense.

-36.9 USD

VSEC

Overvalued 132.00%

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally.

-7.37 USD

ATRO

Overvalued 144.54%

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide.

129 USD

Overvalued 63.89%

6. Ownership

Insider Ownership National Presto Industries, Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
1 year ago Aug 17, 2023	Sell 3.28 K USD	Peuse David J TREASURER	- 43	76.18 USD
1 year ago Aug 17, 2023	Sell 11.4 K USD	Peuse David J TREASURER	- 150	76.18 USD
5 years ago Mar 20, 2019	Bought 10.8 K USD	QUINN PATRICK J Director	+ 100	107.82 USD
6 years ago May 15, 2018	Bought 20.2 K USD	CARDOZO RICHARD N Director	+ 200	101.25 USD
6 years ago Mar 20, 2018	Bought 20 K USD	CARDOZO RICHARD N Director	+ 200	99.85 USD
6 years ago Mar 20, 2018	Bought 9.98 K USD	QUINN PATRICK J Director	+ 100	99.85 USD
7 years ago Nov 14, 2017	Bought 11.4 K USD	CARDOZO RICHARD N Director	+ 100	113.85 USD
7 years ago Nov 14, 2017	Bought 11.6 K USD	CARDOZO RICHARD N Director	+ 100	115.9 USD
7 years ago Aug 15, 2017	Bought 21.6 K USD	CARDOZO RICHARD N Director	+ 200	107.95 USD
8 years ago May 17, 2016	Bought 22 K USD	CARDOZO RICHARD N Director	+ 250	87.84 USD
8 years ago May 17, 2016	Bought 2.2 K USD	CARDOZO RICHARD N Director	+ 25	87.84 USD
8 years ago May 17, 2016	Bought 2.2 K USD	CARDOZO RICHARD N Director	+ 25	87.84 USD
8 years ago Mar 17, 2016	Bought 20.5 K USD	CARDOZO RICHARD N Director	+ 250	82 USD
8 years ago Mar 17, 2016	Bought 2.05 K USD	CARDOZO RICHARD N Director	+ 25	82 USD
8 years ago Mar 17, 2016	Bought 2.05 K USD	CARDOZO RICHARD N Director	+ 25	82 USD
8 years ago Mar 17, 2016	Bought 8.2 K USD	QUINN PATRICK J Director	+ 100	82 USD
9 years ago Nov 17, 2015	Bought 21.6 K USD	CARDOZO RICHARD N Director	+ 250	86.27 USD
9 years ago Nov 17, 2015	Bought 2.16 K USD	CARDOZO RICHARD N Director	+ 25	86.27 USD
9 years ago Nov 17, 2015	Bought 2.16 K USD	CARDOZO RICHARD N Director	+ 25	86.3999 USD
9 years ago Aug 18, 2015	Bought 20.7 K USD	CARDOZO RICHARD N Director	+ 250	82.86 USD
9 years ago Aug 18, 2015	Bought 2.07 K USD	CARDOZO RICHARD N Director	+ 25	82.86 USD
9 years ago Aug 18, 2015	Bought 2.07 K USD	CARDOZO RICHARD N Director	+ 25	82.86 USD
9 years ago Mar 18, 2015	Bought 24.7 K USD	Stienessen Joseph G Director	+ 417	59.25 USD
9 years ago Mar 18, 2015	Bought 5.92 K USD	QUINN PATRICK J Director	+ 100	59.25 USD
9 years ago Mar 18, 2015	Bought 1.48 K USD	CARDOZO RICHARD N Director	+ 25	59.25 USD
9 years ago Mar 18, 2015	Bought 1.48 K USD	CARDOZO RICHARD N Director	+ 25	59.25 USD
10 years ago Nov 11, 2014	Bought 1.52 K USD	CARDOZO RICHARD N Director	+ 25	60.82 USD
10 years ago Nov 11, 2014	Bought 1.52 K USD	CARDOZO RICHARD N Director	+ 25	60.82 USD
10 years ago Aug 12, 2014	Bought 1.66 K USD	CARDOZO RICHARD N Director	+ 25	66.45 USD
10 years ago Aug 12, 2014	Bought 1.66 K USD	CARDOZO RICHARD N Director	+ 25	66.45 USD
10 years ago May 13, 2014	Bought 1.78 K USD	CARDOZO RICHARD N Director	+ 25	71.19 USD
10 years ago May 13, 2014	Bought 1.78 K USD	CARDOZO RICHARD N Director	+ 25	71.13 USD
10 years ago Mar 19, 2014	Bought 4.05 K USD	CARDOZO RICHARD N Director	+ 50	81.1 USD
10 years ago Mar 19, 2014	Bought 8.11 K USD	QUINN PATRICK J Director	+ 100	81.1 USD
10 years ago Mar 19, 2014	Bought 1.13 K USD	Stienessen Joseph G Director	+ 14	80.8999 USD
10 years ago Mar 19, 2014	Bought 43.5 K USD	Stienessen Joseph G Director	+ 536	81.0899 USD
10 years ago Feb 27, 2014	Bought 0 USD	Frederick Douglas J General Counsel & Secretary	+ 286	0 USD
11 years ago Nov 18, 2013	Bought 18.9 K USD	Stienessen Joseph G Director	+ 263	71.81 USD
11 years ago Nov 18, 2013	Bought 7.15 K USD	Stienessen Joseph G Director	+ 100	71.5 USD
11 years ago Nov 18, 2013	Bought 3.7 K USD	Stienessen Joseph G Director	+ 52	71.235 USD
11 years ago Nov 12, 2013	Bought 3.49 K USD	CARDOZO RICHARD N Director	+ 50	69.8 USD
11 years ago Aug 13, 2013	Bought 3.61 K USD	CARDOZO RICHARD N Director	+ 50	72.21 USD
11 years ago May 14, 2013	Sell 18.5 K USD	Stienessen Joseph G Director	- 240	77.06 USD
11 years ago May 14, 2013	Bought 3.87 K USD	CARDOZO RICHARD N Director	+ 50	77.37 USD
11 years ago Mar 20, 2013	Bought 3.92 K USD	CARDOZO RICHARD N Director	+ 50	78.5 USD
12 years ago Nov 13, 2012	Bought 3.58 K USD	CARDOZO RICHARD N Director	+ 50	71.56 USD
12 years ago Aug 14, 2012	Bought 3.59 K USD	CARDOZO RICHARD N Director	+ 50	71.72 USD
12 years ago May 15, 2012	Bought 3.42 K USD	CARDOZO RICHARD N Director	+ 50	68.5 USD
12 years ago May 15, 2012	Bought 10 K USD	Stienessen Joseph G Director	+ 146	68.5 USD
12 years ago May 15, 2012	Bought 3.42 K USD	CARDOZO RICHARD N Director	+ 50	68.5 USD
12 years ago Mar 19, 2012	Bought 3.95 K USD	CARDOZO RICHARD N Director	+ 50	78.92 USD
13 years ago Nov 15, 2011	Bought 4.63 K USD	CARDOZO RICHARD N Director	+ 50	92.68 USD
13 years ago Aug 16, 2011	Bought 4.69 K USD	CARDOZO RICHARD N Director	+ 50	93.8 USD
13 years ago May 17, 2011	Bought 5.3 K USD	CARDOZO RICHARD N Director	+ 50	106 USD
13 years ago May 17, 2011	Bought 9.96 K USD	Stienessen Joseph G Director	+ 94	106 USD
14 years ago May 28, 2010	Bought 19.5 K USD	LIEBLE RANDY F Vice President,Treasurer,CFO	+ 200	97.71 USD
16 years ago May 14, 2008	Sell 81.5 K USD	HOESCHEN DONALD E vice president	- 1352.611	60.29 USD
18 years ago Oct 31, 2006	Sell 98 K USD	BARTL JAMES F Sr Vice President/Secretary	- 1600	61.25 USD
18 years ago Oct 31, 2006	Sell 6.13 K USD	BARTL JAMES F Sr Vice President/Secretary	- 100	61.26 USD
18 years ago Oct 31, 2006	Sell 30.7 K USD	BARTL JAMES F Sr Vice President/Secretary	- 500	61.35 USD
18 years ago Oct 31, 2006	Sell 36.9 K USD	BARTL JAMES F Sr Vice President/Secretary	- 600	61.48 USD
18 years ago Nov 01, 2006	Sell 24.5 K USD	BARTL JAMES F Sr Vice President/Secretary	- 400	61.25 USD
18 years ago May 11, 2006	Sell 5.46 K USD	BARTL JAMES F Sr. Vice President/Secretary	- 100	54.63 USD
18 years ago May 11, 2006	Sell 27.8 K USD	BARTL JAMES F Sr. Vice President/Secretary	- 500	55.55 USD
18 years ago May 11, 2006	Sell 33.2 K USD	BARTL JAMES F Sr. Vice President/Secretary	- 600	55.33 USD
18 years ago May 12, 2006	Sell 26.5 K USD	BARTL JAMES F Sr. Vice President/Secretary	- 500	52.95 USD
18 years ago May 12, 2006	Sell 26.5 K USD	BARTL JAMES F Sr. Vice President/Secretary	- 500	52.97 USD
18 years ago May 03, 2006	Sell 23 K USD	BARTL JAMES F Sr Vice President/Secretary	- 400	57.45 USD
18 years ago May 04, 2006	Sell 34.5 K USD	BARTL JAMES F Sr Vice President/Secretary	- 600	57.45 USD

7. News

War And Waffles: How National Presto Masters Defense And Domestic Life National Presto Industries offers reliable long-term investment with steady dividends, strong financials, and rising defense demand despite challenges in household appliances and safety products. NPK's defense segment shows robust growth, with a $935 million military contract backlog and increased sales, driving profitability and solidifying its market position. Despite underperforming the S&P 500 in price growth, NPK's dividends have significantly outpaced the index, providing substantial returns for patient investors. seekingalpha.com - 1 month ago

5 Microcaps with Exposure to Defense Spending Global defense spending is perking up and these 5 microcaps may benefit. zacks.com - 3 months ago

National Presto's (NPK) Q2 EPS Rises Y/Y on Defense Growth National Presto (NPK) reports a 7.7% year-over-year sales increase in Q2 2024, driven by strong performance in the Defense segment, despite challenges in Housewares. zacks.com - 3 months ago

Zacks Initiates Coverage of National Presto With Neutral Recommendation Discover why Zacks rates National Presto with a "Neutral" recommendation, being the first on Wall Street to initiate coverage on the stock. Uncover its financial strength, strategic market positioning and growth potential against key challenges in the defense and kitchen appliances sectors. zacks.com - 5 months ago

Most Stock Screens Miss These High-Yield Dividends (Up To 16.%) “Special” dividends fly right under Wall Street's radar. Which is great for contrarian income seekers like us. forbes.com - 5 months ago

Bulletproof Your Portfolio: 3 Defense Stocks to Own Now With two significant wars at the moment, you would think the question of which defense stocks to buy would be a topic of interest for investors. However, according to Barron's, the top five defense stocks: Lockheed Martin (NYSE: LMT ), Northrop Grumman (NYSE: NOC ), Boeing (NYSE: BA ), General Dynamics (NYSE: GD ) and RTX (NYSE: RTX ) have only gained an average of 30% over the past five years, significantly less than the index itself. investorplace.com - 5 months ago

Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks One of the best things you can do as an investor is study established professionals who have amassed outstanding records. Value-stock investor Mario Gabelli fits the bill, with more than five decades of stock-market experience. marketwatch.com - 6 months ago

These Sweet Dividends Offer Safety And Stability Along With 5%+ Yields I think I've been asked every day this week from ordinary people if I'm trading NVIDIA (NVDA). forbes.com - 8 months ago

Verde's Revenue Grows by 156% in Q3 2022, With a 123% Increase in EBITDA SINGAPORE--(BUSINESS WIRE)--Verde AgriTech Ltd (TSX: “NPK”) (OTCMKTS: "VNPKF") (“Verde” or the “Company”) is pleased to announce its financial results for the third quarter of 2022 (“Q3 2022”). Q3 2022 Financials Revenue increased by 156% in Q3 2022, to $27,269,000 compared to $10,651 in Q3 2021. Revenue in Brazilian Real (“R$”) increased by 140% in Q3 2022, to R$109,056,000 compared to R$45,409,000 in Q3 2021. Sales of Verde's multinutrient potassium products, BAKS® and K Forte® sold internationally as Super Greensand® (the “Product”) by volume increased by 23% in Q3 2022, to 189,548 tonnes, compared to 153,674 tonnes sold in Q3 2021. Gross margin increased to 78% in Q3 2022, compared to 77% in Q3 2021. EBITDA before non-cash events increased by 123% in Q3 2022 to $8,177,000, compared to $3,665,000 in Q3 2021. Net profit increased by 103% in Q3 2022, to $6,458,000 compared to $3,182,000 in Q3 2021. Subsequent Events In October 2022, the Company announced that its second production plant (“Plant 2”) achieved its nameplate production capacity of 1.2 million tonnes per year (“Mtpy”) of Product. Plant 2 was commissioned on August 31, 2022. In parallel, Plant 2 was undergoing an expansion process to be capable of producing 2.4Mtpy. Verde’s Plant 1 operates at a capacity of 0.6Mtpy; therefore, Verde’s overall production capacity is expected to be 3Mtpy once Plant 2 achieves its nameplate capacity of 2.4Mtpy, after its ramp up is concluded. In October 2022, Verde secured a C$5.01 million (R$20 million) loan from Banco do Brasil, in line with the financing strategy for Plant 2's capex. The loan term is 48 months at CDI (based on SELIC, the Brazilian Central Bank overnight interest rate) + 3.70% per annum, preceded by a 12-month grace period. In November 2022, Verde announced that the expansion of Plant 2 was complete, with production now being ramped up from 1.2 Mtpy to 2.4 Mtpy of Verde's Product. “The growth experienced throughout Q3 2022 reflects yet again the market’s growing demand for our Product. With Plant 2's commissioning, we expect Verde to continue its growth trajectory and improving bottom-line. It was a pity that we could not fulfil all the orders placed in our books, having had to turn down so many orders because of the operational constraints then present, yet I applaud our team for their efforts and dedication during this quarter,” declared Verde’s Founder, President & CEO, Cristiano Veloso. 2022 Guidance Verde achieved is EPS, EBITDA, revenue and sales guidance for Q3 2022. The table below compares the Company’s 2022 to 2021 results. Period Year EPS (C$) EBITDA1 (C$’000) Revenue (C$’000) Sales (tonnes) Q1 2021 -0.04 -887 831 16,558 2022 0.06 3,678 11,304 111,667 % Δ N/A N/A 1260% 574% Q2 2021 0.01 1,220 5,376 96,233 2022 0.19 10,765 24,861 202,255 % Δ 3700% 782% 362% 110% Q3 2021 0.06 3,665 10,651 153,674 2022 0.12 8,177 27,269 189,548 % Δ 117% 123% 156% 23% Q4 2021 0.04 2,452 10,851 134,350 2022 - - - - % Δ - - - - FY 2021 0.07 6,450 27,709 400,133 2022 - - - - % Δ - - - - Selected Annual Financial Information The table below summarizes Q3 2022 financial results compared to Q3 2021, and provides information about 2022 and 2021 year-to-date (“YTD”): All amounts in CAD $’000 Q3 2022 Q3 2021 YTD 2022 YTD 2021 Tonnes sold ‘000 189 154 503 266 Revenue per tonne sold $ 144 69 126 63 Production cost per tonne sold $ (32) (16) (28) (17) Gross Profit per tonne sold $ 112 52 98 47 Gross Margin 78% 77% 78% 74% Revenue 27,269 10,651 63,434 16,858 Production costs (6,069) (2,452) (14,055) (4,440) Gross Profit 21,200 8,199 49,379 12,418 Gross Margin 78% 77% 78% 74% Sales and product delivery freight expenses (11,053) (4,022) (23,095) (6,789) General and administrative expenses (1,970) (512) (3,666) (1,631) EBITDA (1) 8,177 3,665 22,618 3,998 Share Based and Bonus Payments (Non-Cash Event) (2) (20) (14) (124) (1,528) Depreciation and Amortisation (2) (84) (19) (148) (35) Profit on disposal of plant and equipment (2) - - - 9 Operating Profit after non-cash events 8,073 3,632 22,346 2,444 Interest Income/Expense (722) (98) (1,152) (229) Net Profit before tax 7,351 3,534 21,194 2,215 Income tax (3) (893) (352) (2,079) (571) Net Profit 6,458 3,182 19,115 1,644 (1) – Non GAAP measure (2) – Included in General and Administrative expenses in financial statements (3) – Please see Income Tax notes External Factors Revenue and costs are affected by external factors including changes in the exchange rates between the C$ and R$ along with fluctuations in potassium chloride spot CIF (Minas Gerais) prices. The table below summarizes these changes: % Δ Q3 2022 Q3 2021 Canadian Dollar (C$) Average Exchange Rate -6% R$3.99 R$4.26 Potassium Chloride CIF (Minas Gerais) Lowest Price(1) +27% US$ 655 US$ 515 Potassium Chloride CIF (Minas Gerais) Highest Price(1) +36% US$ 1,050 US$ 772 (1) – Source: Acerto Limited Report. Net Profits and EPS The Company generated a net profit of 6,458,000 for Q3 2022, an increase of $3,275,000 compared to $3,182,000 for Q3 2021. The basic earnings per share was $0.12 for Q3 2022, compared to $0.06 for Q3 2021. Product Sales Sales by volume increased by 23% in Q3 2022, to 189,548 tonnes sold compared to 153,674 tonnes sold in Q3 2021. Revenue Revenue from sales increased by 156% in Q3 2022, to $27,269,000 from the sale of 189,548 tonnes of the Product, at $144 per tonne sold; compared to $10,651,000 in Q3 2021 from the sale of 153,674 tonnes of the Product, at $69 per tonne sold. Revenue per tonne excluding freight expenses (FOB price) improved by 98% in Q3 2022, to $95 compared to $48 in Q3 2021. Revenue per tonne in Q3 2022 was higher than Q3 2021 mainly due to: Production costs Production costs include all direct costs from mining, processing, and the addition of other nutrients to the Product, such as Sulphur and Boron. Production costs also include the logistics costs from the mine to the plant and related salaries. Production costs increased by 147% in Q3 2022, to $6,068,000 compared to $2,452,000 in Q3 2021. This was due to a 23% increase in volume sold, from 153,674 tonnes in Q3 2021 to 189,548 tonnes in Q3 2022. Cost per tonne increased by 101% in Q3 2022, to $32 compared to $16 in Q3 2021. This increase was mainly driven by a 60% increase in diesel price. Furthermore, there was an increase in Product sales in big bags that have a higher cost per tonne compared to bulk sales; big bags made up 27% of the total sales in Q3 2022 compared to 20% Q3 2021. Finally, Brazil's inflation over the twelve month period is over 11%. Sales Expenses CAD $’000 Q3 2022 Q3 2021 YTD 2022 YTD 2021 Sales and marketing expenses (1,385) (600) (2,919) (1,241) Fees paid to independent sales agents (481) (189) (976) (260) Product delivery freight expenses (9,187) (3,233) (19,200) (5,288) Total (11,053) (4,022) (23,095) (6,789) Sales and marketing expenses Sales and marketing expenses include employees’ salaries, car rentals, travel within Brazil, hotel expenses, customer relationship management (CRM) software licenses, and the promotion of the Product in marketing events. Expenses increased by 131% in Q3 2022, to $1,385,000 compared to $600,000 in Q3 2021, mainly due to an expansion of Verde's sales and marketing team, with professional headcount in the team increasing from an average of 57 in Q3 2021 to 70 in Q3 2022, and due to additional investments in media as a strategy to attract new customers. This increase is in line with the Company’s accelerated growth strategy. Fees paid to independent sales agents As part of Verde's marketing and sales strategy, the Company pays out commissions to its independent sales agents. Fees paid to independent sales agents increased by 155% in Q3 2022, to $481,000 compared to $189,000 in Q3 2021, due to sales price and volume increase. Product delivery freight expenses Product delivery freight expenses increased by 184% in Q3 2022, to $9,187,000 compared to $3,233,000 in Q3 2021, as the Company has significantly increased the volume sold as CIF (Cost Insurance and Freight), up from 50% of total sales in Q3 2021 to 78% in Q3 2022, and due to higher fuel prices, which increased by 60% in Q3 2022 compared to Q3 2021. General and Administrative Expenses CAD $’000 Q3 2022 Q3 2021 YTD 2022 YTD 2021 General administrative expenses (1,096) (291) (1,895) (1,009) Legal, professional, consultancy and audit costs (667) (134) (1,155) (399) IT/Software expenses (180) (82) (570) (204) Taxes and licenses fees (27) (5) (46) (19) Total (1,970) (512) (3,666) (1,631) General administrative expenses These costs include general office expenses, rent, bank fees, insurance, foreign exchange variances and remuneration of executive and administrative staff in Brazil. Expenses increased by 276% in Q3 2022, to $1,096,000 compared to $291,000 in Q3 2021 mainly due to an accrual of $450,000 in management bonuses that was set aside in Q3. In addition, there was increased salary costs due to additional administrative employees hired to help support the Company’s growth, with professional headcount increasing from an average of 56 in Q3 2021 to 115 in Q3 2022. Legal, professional, consultancy and audit costs Legal and professional fees include legal, professional, consultancy fees along with accountancy, audit and regulatory costs. Consultancy fees are consultants employed in Brazil, such as accounting services, patent process, lawyer’s fees and regulatory consultants. Expenses increased by 398% in Q3 2022, to $667,000 compared to $134,000 in Q3 2021. This was mainly due to additional relocation expenses associated with the redomicile of the Company to Singapore. There was also increased legal and consultancy costs in the quarter. IT/Software expenses IT/Software expenses include software licenses such as Microsoft Office, Customer Relationship Management (CRM) software and enterprise resource planning (ERP). Expenses increased by 118% in Q3 2022, to $180,000 compared to $82,000 in Q3 2021, mainly due to CRM and ERP consultants’ services. Taxes and licences Taxes and licence expenses include general taxes, product branding and licence costs. Expenses increased in Q3 2022, to $27,000 compared to $5,000 in Q3 2021. Share Based and Bonus Payments (Non-Cash Event) These costs represent the expense associated with stock options granted to employees and directors and non-cash bonuses paid to key management. Share Based Payments costs increased by 41% in Q3 2022, to $20,000 compared to $14,000 in Q3 2021. Q3 2022 Results Conference Call The Company will host a conference call on Thursday, November 17, 2022, at 10:00 a.m. Eastern Time, to discuss the Q3 2022 results and provide an update. Subscribe using the link below and receive the conference details by email. Date: Thursday, November 17, 2022 Time: 10:00 a.m. Eastern Time Subscription link: https://bit.ly/Q32022_ResultsPresentation The questions can be submitted in advance through the following link up to 48 hours before the conference call: https://bit.ly/Q3_2022_ResultsPresentation_Questions The Company’s first quarter financial statements and related notes for the period ended September 30, 2022 are available to the public on SEDAR at www.sedar.com and the Company’s website at www.investor.verde.ag/. About Verde AgriTech Verde is an agricultural technology Company that produces potash fertilizers. Our purpose is to improve the health of all people and the planet. Rooting our solutions in nature, we make agriculture healthier, more productive, and profitable. Verde is a fully integrated Company: it mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Verde’s focus on research and development has resulted in one patent and eight patents pending. Among its proprietary technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.2 Currently, the Company is fully licensed to produce up to 2.8 million tonnes per year of its multinutrient potassium fertilizers K Forte® and BAKS®, sold internationally as Super Greensand®.3 By the end of 2022, Verde aims to become Brazil's largest potash producer by capacity.4 Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28% K2O and an inferred mineral resource of 1.85 billion tonnes at 8.60% K2O (using a 7.5% K2O cut-off grade).5 This amounts to 295.70 million tonnes of potash in K2O. For context, in 2021 Brazil’s total consumption of potash in K2O was 7.92 million.6 Brazil ranks second in global potash demand and is its single largest importer, currently depending on external sources for over 96% of its potash needs. In 2021, potash accounted for approximately 2% of all Brazilian imports by dollar value. Corporate Presentation For further information on the Company, please view shareholders’ deck: https://verde.docsend.com/view/w9zdpq9istxftz9s Investors Newsletter Subscribe to receive the Company’s updates at: http://cloud.marketing.verde.ag/InvestorsSubscription The last edition of the newsletter can be accessed at: https://bit.ly/InvestorNewsletter_October2022 Cautionary Language and Forward-Looking Statements All Mineral Reserve and Mineral Resources estimates reported by the Company were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards (May 10, 2014). These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of Mineral Resources and Mineral Reserves; (ii) the PFS representing a viable development option for the Project; (iii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of sustaining capital and the duration of financing payback periods; (iv) the estimated amount of future production, both produced and sold; (v) timing of disclosure for the PFS and recommendations from the Special Committee; (vi) the Company’s competitive position in Brazil and demand for potash; and, (vii) estimates of operating costs and total costs, net cash flow, net present value and economic returns from an operating mine. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. All forward-looking statements are based on Verde's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include, but are not limited to: (i) the presence of and continuity of resources and reserves at the Project at estimated grades; (ii) the geotechnical and metallurgical characteristics of rock conforming to sampled results; including the quantities of water and the quality of the water that must be diverted or treated during mining operations; (iii) the capacities and durability of various machinery and equipment; (iv) the availability of personnel, machinery and equipment at estimated prices and within the estimated delivery times; (v) currency exchange rates; (vi) Super Greensand® and K Forte® sales prices, market size and exchange rate assumed; (vii) appropriate discount rates applied to the cash flows in the economic analysis; (viii) tax rates and royalty rates applicable to the proposed mining operation; (ix) the availability of acceptable financing under assumed structure and costs; (x) anticipated mining losses and dilution; (xi) reasonable contingency requirements; (xii) success in realizing proposed operations; (xiii) receipt of permits and other regulatory approvals on acceptable terms; and (xiv) the fulfilment of environmental assessment commitments and arrangements with local communities. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur as forecast, but specifically include, without limitation: risks relating to variations in the mineral content within the material identified as Mineral Resources and Mineral Reserves from that predicted; variations in rates of recovery and extraction; the geotechnical characteristics of the rock mined or through which infrastructure is built differing from that predicted, the quantity of water that will need to be diverted or treated during mining operations being different from what is expected to be encountered during mining operations or post closure, or the rate of flow of the water being different; developments in world metals markets; risks relating to fluctuations in the Brazilian Real relative to the Canadian dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary work force; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals; delays in stakeholder negotiations; changes in regulations applying to the development, operation, and closure of mining operations from what currently exists; the effects of competition in the markets in which Verde operates; operational and infrastructure risks and the additional risks described in Verde's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2021. Verde cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Verde, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Verde does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Verde or on our behalf, except as required by law. 1 Before non-cash events. 2 Learn more about our technologies: https://verde.docsend.com/view/yvthnpuv8jx6g4r9 3 See the release at: https://investor.verde.ag/2-5-million-tonnes-per-year-potash-mining-concession-granted-to-verde/ 4 See the release at: https://investor.verde.ag/verde-to-reach-3-million-tonnes-potash-production-capacity-in-2022/ 5 As per the National Instrument 43-101 Standards of Disclosure for Mineral Projects within Canada (“NI 43 -101”), filed on SEDAR in 2017. See the Pre-Feasibility Study at: https://investor.verde.ag/wp-content/uploads/2021/01/NI-43-101-Pre-Feasibility-Technical-Report-Cerrado-Verde-Project.pdf 6 Union of the Agricultural Fertilizers and Correctives Industry, in the State of São Paulo (“SIACESP”, from Sindicato da Indústria de Fertilizantes e Corretivos Agropecuários, no Estado de São Paulo). businesswire.com - 2 years ago

Verde AgriTech: Why Did The Stock Plunge 20% Last Week? Last week, the stock plunged because of a delay in road construction, which slows the expansion. Nevertheless, the guidance was not lowered. The 20% slump seems exaggerated. seekingalpha.com - 2 years ago

Verde AgriTech: Robust Demand And Strong Growth Opportunity The quantity sold in a year has increased by 91.47% four-year CAGR, and the company's revenue has grown by 112.54% four-year CAGR. The company has recently announced its strategic sales partnership with Grupo Lavoro. seekingalpha.com - 2 years ago

National Presto: Pots, Ammo And Safety 19 new highs and up 15.32% in the last month. Wall Street analysts have 2 buy recommendations. seekingalpha.com - 2 years ago

8. Profile Summary

National Presto Industries, Inc. NPK

COUNTRY US

INDUSTRY Aerospace & Defense

MARKET CAP $ 540 M

Dividend Yield 0.00%

Description National Presto Industries Inc. provides housewares and small electric appliance, and defense products primarily in North America. It operates through three segments: Housewares/Small Appliance, Defense, and Safety. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers under the Presto Control Master brand. This segment sells its products directly to retailers, as well as through independent distributors. The Defense segment manufactures and sells 40mm ammunition, precision mechanical and electro-mechanical products, and medium caliber cartridge cases; and detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. This segment primarily serves the United States Department of Defense (DOD) and DOD prime contractors. The Safety segment patents machine learning, digital sensors, and cloud-based technology to continuously monitor freezers and refrigerators detecting and alerting users to potential safety issues around pharmaceuticals and food. National Presto Industries Inc. was incorporated in 1905 and is based in Eau Claire, Wisconsin.

Contact 3925 North Hastings Way, Eau Claire, WI, 54703-3703 https://www.gopresto.com

IPO Date March 17, 1980

Employees 1007

Officers Ms. Maryjo J. Cohen Chairman, President & Chief Executive Officer Mr. John Roderick MacKenzie Jr. Vice President of Sales Mr. David J. Peuse Director of Financial Reporting & Treasurer

Price Chart NPK

National Presto Industries, Inc. NPK

Premium Plan

Unlimited Plan