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): July 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 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:

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

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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)
	By:	/s/ Maryjo Cohen
		(Signature) Maryjo Cohen
		President and Chief Executive Officer
Date: July 31, 2012

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EX-99.1

Exhibit 99.1

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

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES

SECOND QUARTER 2012 SALES & EARNINGS

Eau Claire, Wisconsin (July 27, 2012) -- 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, “Net sales increased over second quarter 2011 for both the Housewares/Small Appliance and Defense Segments. Housewares/Small Appliances increased by 18.7% due in part to heightened promotional activity and in part to differences in retail restocking timing, while Defense increased by 36.8%, as it began shipping significant quantities of orders under its new five-year contract that had previously been deferred.  Net sales for the Absorbent Products segment dropped by 18.8% from second quarter 2011, as a result of a sizable decrease in orders from its major customer, which opened its own facility during the latter part of the prior year.  That decline was offset in part by shipments to new customers and enhanced volume with other customers.  Operating profit increased in only one of the segments, Housewares/Small Appliances, by 58.1% and was primarily attributable to the improved sales.   The combination of a less favorable product mix and expected margin reduction in 2012 were the principal reasons for the 8.3% decline in profitability at the Defense segment. The partial write-down of a customer receivable, the reduction in top line volume and continued difficulties with the startup of the new and revised underwear machines, resulted in a sizable loss in the quarter for the Absorbent Products segment.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, 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
		July 1, 2012		July 3, 2011
Net Sales	$	117,114,000	$	98,268,000
Net Earnings	$	8,703,000	$	10,817,000
Net Earnings Per Share	$	1.26	$	1.57
Weighted Shares Outstanding		6,884,000		6,872,000

SIX MONTHS ENDED
July 1, 2012	July 3, 2011

Net Sales	$	213,887,000	$	207,154,000
Net Earnings	$	18,047,000	$	22,180,000
Net Earnings Per Share	$	2.62	$	3.23
Weighted Shares Outstanding		6,881,000		6,869,000

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.