8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,  D.C.20549

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FORM 8-K

__________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April29, 2016

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National Presto Industries, Inc.

(Exact name of registrant as specified in this chapter)

Wisconsin	1-2451	39-0494170
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3925 North Hastings Way Eau Claire, Wisconsin	54703-3703
(Address of principal executive office)	(Zip Code)

Registrant’s telephone number, including area code: 715-839-2121

N/A

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Item 2.02Results of Operations and Financial Condition

On April  29, 2016, the registrant issued a press release regarding the registrant’s results of operations for the fiscal quarter ended April 3, 2016. The full text of the press release is filed as Exhibit 99.1 to this Form 8-K. Such Exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description
99.1	Press Release of National Presto Industries, Inc. dated April29, 2016

Forward looking statements in this Form 8-K are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made herein. Investors are cautioned that all forward looking statements involve risks and uncertainty. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: government defense spending and defense requirements; termination for the convenience of the government; interest rates; continuity of relationships with and purchases by the United States Government and other major customers; unexpected problems or events experienced by subcontractors, team members, or their respective suppliers or subcontractors; product mix; competitive pressure on pricing; increases in material, freight/shipping, labor or other production costs that cannot be recouped through pricing; and such other factors as may be described from time to time in the Registrant’s SEC filings.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	National Presto Industries, Inc.
	(Registrant)
Date: May2, 2016	By:	/s/ Maryjo Cohen
		(Signature) Maryjo Cohen, President
		and Chief Executive Officer

EX-99.1

EXHIBIT 99.1

NEWS RELEASE	CONTACT: Randy Lieble
FOR IMMEDIATE RELEASE	(715) 839-2164

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES

FIRST QUARTER 2016 SALES AND EARNINGS

Eau Claire, Wisconsin (April 29, 2016)  ̶   National Presto Industries, Inc. (NYSE: NPK) announced today first quarter 2016 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 sales and earnings, Maryjo Cohen, President, stated, “First quarter 2016 net sales decreased by $14.5 million or 14.4% from last year’s levels primarily due to timing of defense segment shipments. Those shipments were down 25.4% from those reported during the prior year’s first quarter. The 8.1% decline in Housewares/Small Appliance shipments was more than offset by a 14% increase in Absorbent Product sales, reflecting that segment’s initial shipment of adult incontinent briefs to a national retailer and increased shipments to its institutional customer base.  Comparative first quarter operating earnings decreased 13.1% from the prior year’s quarter, primarily as a result of the decreases in Defense and Housewares/Small Appliance volume. Housewares/Small Appliances’ operating earnings decreased 16.2%, while Defense’s decreased 23.8%. These declines were offset in part by the profit enjoyed at the Absorbent Product segment during the quarter (the segment had incurred a small loss in the comparable 2015 quarter).

The Housewares/Small Appliance segment introduced several new products at the March 2016 International Housewares Show. Those products included an innovative line of handsome die-cast griddles. The griddles feature a three-position handle. In the first position, each griddle is perfectly level, ideal for cooking pancakes, eggs and French toast. In the second, the surface tilts to the ideal drainage angle for reduced fat cooking of foods like bacon or burgers. In the third, the handles fold down for compact vertical storage in a cabinet. In response to retail demand, the Company introduced a line of die-cast ceramic-coated skillets and griddles. The coating selected is a warm-silver gray.  The segment also introduced a new line of PRESTO® and Orville Redenbacher’s® by PRESTO® hot air poppers that marry superior performance with sleek functional styling, including onboard cord storage. Finally, the segment offered a restyled Professional SaladShooter® featuring black and stainless steel accents designed to be used either in the traditional handheld position or in a stationary position above a bowl.

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 and is recognized as an innovator of new products. The Defense segment, operating under the aegis of National Defense Corp, manufactures a variety of products, including medium caliber training and tactical ammunition, other military energetic devices and materials, detonators, fuzes, cartridge cases, less-lethal

EXHIBIT 99.1

munitions and less-lethal accessory equipment. The Absorbent Products segment engages in the design, manufacture and sale of private label adult incontinence products.

		THREE MONTHS ENDED
		April 3, 2016		April 5, 2015
Net Sales	$	86,497,000	$	100,999,000
Net Earnings	$	7,211,000	$	8,109,000
Net Earnings Per Share	$	1.04	$	1.17
Weighted Shares Outstanding		6,964,000		6,943,000

This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.