National Presto reports significant cybersecurity incident

Published 06/03/2025, 23:02
National Presto reports significant cybersecurity incident

National Presto Industries Inc . (NYSE:NPK), a manufacturer specializing in ordnance and related accessories with a market capitalization of $656 million, disclosed a material cybersecurity incident that occurred on March 1, 2025. The company, which is based in Eau Claire, Wisconsin and maintains a robust financial position with more cash than debt on its balance sheet, reported the system outage in a filing with the Securities and Exchange Commission today. According to InvestingPro data, the company’s strong liquidity is evidenced by a current ratio of 4.95x.

Upon detecting the breach, National Presto activated its incident response protocol, enlisting both internal personnel and external cybersecurity experts to manage the situation. The company, which has demonstrated operational resilience with a 26.35% stock price return over the past year, is currently undertaking a forensic analysis to ascertain the extent and impact of the cybersecurity event. As of now, the investigation is ongoing and no definitive conclusions have been reached.

In compliance with legal requirements, National Presto has informed law enforcement and is in the process of notifying federal and state regulators, as well as consumer protection agencies. The incident has disrupted several operational areas, including shipping and receiving, certain manufacturing processes, and back-office functions. While efforts to restore these systems are underway, the company has instituted temporary measures to uphold critical operations.

The potential ramifications of the incident on National Presto’s financial health and operational performance are not yet fully determined. However, the company acknowledges that the effects could be materially significant. With the next earnings report due on March 14, 2025, investors following InvestingPro will have access to comprehensive analysis of the incident’s impact on the company’s financial metrics. National Presto is continuing its in-depth investigation and analysis to evaluate the potential consequences.

This report is based on a press release statement and contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could influence outcomes include government defense spending, relationships with the U.S. Government and major customers, subcontractor issues, competitive pricing pressures, and production cost increases, among others detailed in the company’s SEC filings. For deeper insights into National Presto’s financial health and additional ProTips, visit InvestingPro, where subscribers can access comprehensive financial analysis and valuation metrics.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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