National Presto Industries, Inc. (NPK) has seen a significant share price increase of 29.6% over the past six months, outperforming the industry average growth of 8%. Comparatively, shares of Swire Pacific Limited (SWRAY) and Honeywell International Inc. (HON) rose 17.1% and 10.8%, respectively, during the same timeframe.
Key drivers of this momentum include substantial defense contract wins, contributing to a backlog of $1.4 billion as of September 28, 2025. Recent contracts include a $139.3 million order from the U.S. Army and a $92.3 million subcontract with Boeing. The company is also enhancing its production capacity, investing over $22 million in capital expenditures for improved efficiency across its Defense segment.
Despite strong performance in the Defense sector, National Presto faces challenges in its Housewares and Safety segments, marked by declining sales and rising operating costs. The Housewares segment incurred a $2.7 million loss due to a supplier bankruptcy, while overall profitability has been affected by increased legal, professional, and personnel expenses.
