8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________

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): July 29, 2011

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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	(Commission	(IRS Employer
of incorporation)	File Number)	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 2.02 Results of Operations and Financial Condition

On July 29, 2011, the registrant issued a press release regarding the registrant’s results of operations for the quarter ended July 3, 2011. 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 July 29, 2011.

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)

/s/ Maryjo Cohen

(Signature) Maryjo Cohen, President

and Chief Executive Officer

Date:  August 1, 2011

EX-99.1

EXHIBIT 99.1

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

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES

SECOND QUARTER 2011 SALES & EARNINGS

Eau Claire, Wisconsin (July 29, 2011) -- National Presto Industries, Inc. (NYSE: NPK) announced today second 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 sales and earnings, Maryjo Cohen, President, stated, “Second quarter 2011 was challenging for all three segments.  Net sales revenue over the prior year’s second quarter declined for the Housewares/Small Appliances segment by 24%, reflecting reduced sales in the category at retail, as well as increased emphasis by retailers on private label products.  The Defense segment’s net sales were also down significantly (25.4%) when compared to 2010’s second quarter, primarily a function of the timing of shipments.  Only the Absorbent Products segment enjoyed a comparative increase.  The segment’s sales were up 30% over the prior year’s quarter in largest part due to the expansion of its customer base.  Operating profit declined in all three segments.  The reduction in top line volume and increases in material and freight costs had a negative impact on both Housewares/Small Appliance and Defense segments’ profitability.  As a result of efficiencies and a more favorable product mix, the Defense segment’s decrease (13.7%) was not as severe as the Housewares/Small Appliance segment’s (68.7%).  The absence of the proceeds from the sale of obsolete equipment secured during second quarter 2010, increased material and freight costs, and a decrease in efficiency incident to the installation of the segment’s new capital equipment, led to an 88.3% decline in Absorbent Products segment profitability.Decreased yields from the Company’s portfolio also had a negative, comparative impact on earnings.”

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 manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, and cartridge cases. The Absorbent Products segment primarily engages in the manufacture of private label adult incontinence products.

	THREE MONTHS ENDED
	July 3, 2011		July 4, 2010
Net Sales	$	98,268,000	$	117,075,000
Net Earnings	$	10,817,000	$	14,975,000	*
Net Earnings Per Share	$	1.57	$	2.18	*
Weighted Shares Outstanding		6,874,000		6,863,000
	SIX MONTHS ENDED
	July 3, 2011		July 4, 2010
Net Sales	$	207,154,000	$	223,475,000
Net Earnings	$	22,180,000	$	28,174,000	*
Net Earnings Per Share	$	3.23	$	4.11	*
Weighted Shares Outstanding		6,871,000		6,861,000

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.

*Includes  $856,000 of after tax income of a nonrecurring nature from the sale of obsolete equipment or $.12 per share.