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): April 27, 2012

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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:

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

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

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

o 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 April 27, 2012, the registrant issued a press release regarding the registrant’s results of operations for the fiscal quarter ended April 1, 2012. 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 April 27, 2012.

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: May 1, 2012	By:	/s/ Maryjo Cohen
		(Signature) Maryjo Cohen, President
		and Chief Executive Officer

EX-99.1

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

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES

FIRST QUARTER 2012 SALES AND EARNINGS

        Eau Claire, Wisconsin (April 27, 2012) -- National Presto Industries, Inc. (NYSE: NPK) announced today first quarter 2012 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, “Not unexpectedly, the sales and earnings trends reported in the latter portion of 2011 continued during the first quarter of 2012.  Absorbent Product segment sales increased by .4% over those reported in first quarter 2011.  The segment enjoyed volume increases during the quarter from its ongoing customer diversification program, however, the increases were largely offset by the reduction of shipments to a major customer, which began producing product in its own facility during fourth quarter 2011.  The segment’s operating profit increased 90.4% over first quarter 2011 in large part due to its cost reduction program, as well as a more favorable product mix and advantageous material purchases at year-end.  The Housewares/Small Appliance segment’s sales decreased 8.8% from 2011 first quarter levels primarily as a result of the ongoing retail practice of purchasing private and brokered labels along with the impact of “Just in Time” consumer purchasing patterns, which caused several key retailers to fail to restock their shelves adequately.  The combination of reduced volume and higher product costs were the primary reasons for the segment’s 40.2% operating earnings decline.  Defense segment sales and operating profits were down as well from first quarter 2011 (16.5% and 14.0%, respectively) and largely represent deferred rather than lost sales.  Decreased yields from the company’s portfolio also had a negative, comparative impact on earnings.”

The Housewares/Small Appliance segment introduced several new products at the March 2012 International Housewares Show.  Among the products was its innovative line of Dehydro™ dehydrators consisting of three expandable dehydrators: an economy unit, a model with adjustable controls, and a high-end version with digital controls and timer.  The Dehydro™ dehydrators are unique in the industry for two reasons.  First, they are easy to store - trays nest inside each other, allowing the consumer to store them in a fraction of the space required by competitive units.  Second, they are beautifully styled and eye catching.  All make delicious jerky, as well as preserve fruit, vegetables, seeds, and herbs naturally and deliciously.  Air flow in each is engineered to assure even drying on each tray.  In addition to the dehydrators, the Company introduced a full line of dehydrating accessories which included mesh drying screens, fruit roll trays, a jerky gun, a variety of jerky seasonings, and extra drying trays.  The Company also introduced a 12-inch Foldaway™ skillet to complete its line of “Foldaway” appliances.  Like the 16-inch version unveiled at last year’s show, the skillet features a heavy duty casting for even heat disbursement, non-stick surface inside and out, a heat control probe for precision temperature control, a glass cover, a convenient pouring spout that doubles as a handy spoon rest for stirring and serving – plus the ability to clean and store the appliance with ease.  The casting lifts off the base, the base handles fold in, and the entire base nests into the skillet casting.  Each part fits comfortably into the dishwasher.  The frypan is also handsome with stylish stainless steel trim, making it an ideal serving piece.  The Company will also begin delivering in the Fall of 2012, several new products developed exclusively for individual retailers.

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

	THREE MONTHS ENDED
	April 1, 2012		April 3, 2011
Net Sales	$	96,773,000	$	108,886,000
Net Earnings	$	9,344,000	$	11,363,000
Net Earnings Per Share	$	1.36	$	1.65
Weighted Shares Outstanding		6,878,000		6,867,000

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.