NACCO Industries

NACCO Industries, Inc. is a holding company, which engages in the management of surface mines that supply coal to power generation companies. It operates through the following segments: Coal Mining, North American Mining (NAMining), and Minerals Management. The Coal Mining segment includes surface coal mines under long-term contracts with power generation companies and activated carbon producers. The NAMining segment offers value-added contract mining and other services for producers of aggregates, lithium, and other minerals. The Minerals Management segment focuses on the development of oil, gas, and coal reserves. The company was founded on February 18, 1986 and is headquartered in Cleveland, OH.

Earnings data Q1 2024

NC reports Q1 2023 earnings impacted by operational challenges

NC's Q1 2023 earnings call highlighted the impact of lower natural gas prices, early contract terminations, and operational inefficiencies on operating results. Despite these challenges, the company remains optimistic about future growth opportunities and maintains a positive liquidity position. However, challenges from the retirement of the Pirkey power plant and expected decreases in operating profit and segment adjusted EBITDA for certain businesses in 2023 are areas of concern.

NC reports mixed Q2 2023 earnings, anticipates improved Q4 performance

NC's Q2 2023 performance was mixed, with strengths in the North American Mining segment and challenges in the absence of termination payments and the Coal Mining and Minerals Management segment. However, opportunities lie ahead with expectations for improved results in the fourth quarter and strategic financial management potential.

NACCO Industries reports Q3 loss, anticipates growth in 2024

NACCO Industries faced challenges in Coal Mining and Minerals Management but showed strength in North American Mining. The company's outlook for 2024 is positive, with opportunities for growth and improved financial performance.

NACCO Industries overcomes Q4 challenges, eyes growth in 2024

NACCO Industries navigated challenges in Q4 2023 but remains optimistic for 2024. Strategic moves like MLMC's transition to a new mine area and Catapult Mineral Partners' acquisition position the company for growth. Despite the impairment charge, the company ended the quarter with a strong financial position.

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I upgrade NACCO Industries from Hold to Buy. Due to temporary issues beyond NACCO's control, the share price has fallen significantly, but the outlook is bright. Temporary boiler failure at Red Hills Power Plant caused a write-down on earnings, leading to a negative net income in 2023. The high probability of a stock price recovery is supported by expectations of positive net income in 2024 and long-term growth opportunities.

NACCO Industries: Back To Profit In 2024, Shares Look Cheap (Rating Upgraded)

Start Time: 08:30 January 1, 0000 9:01 AM ET NACCO Industries, Inc. (NYSE:NC ) Q4 2023 Earnings Conference Call March 07, 2024, 08:30 AM ET Company Participants J.C. Butler - President and CEO Elizabeth Loveman - SVP and Controller Christina Kmetko - IR Conference Call Participants Doug Weiss - DSW Investments Operator Good morning, ladies and gentlemen, and welcome to the NACCO Industries Fourth Quarter and Full Year 2023 Earnings Conference Call.

NACCO Industries, Inc. (NC) Q4 2023 Earnings Call Transcript

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Consolidated Q4 2023 Highlights: Operating loss of $67.4 million versus operating profit of $15.5 million in 2022 Includes non-cash asset impairment charge of $65.9 million triggered by significant unplanned outage at the power plant served by the Red Hills Mine Net loss of $44.0 million compared with net income of $13.8 million in 2022 Adjusted EBITDA of $7.1 million, which excludes the asset impairment charge, versus $23.6 million in 2022 2024 Consolidated Outlook Expect to report positive full-year net income compared with substantial 2023 loss CLEVELAND , March 6, 2024 /PRNewswire/ -- NACCO Industries® (NYSE: NC) today announced the following consolidated results for the three months and year ended December 31, 2023. Comparisons in this news release are to the three months and year ended December 31, 2022, unless otherwise noted.

NACCO INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS

CLEVELAND , Feb. 28, 2024 /PRNewswire/ -- NACCO Industries® (NYSE:NC) will release its 2023 Fourth Quarter and Full Year financial results after the close of the market on Wednesday, March 6, 2024. In conjunction with this release, the Company will also host a conference call on Thursday, March 7, 2024 to discuss its results for the 2023 fourth quarter and full year.

NACCO INDUSTRIES ANNOUNCES DATES OF 2023 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL

CLEVELAND , Feb. 22, 2024  /PRNewswire/ -- NACCO Industries® (NYSE: NC) announced today that the Board of Directors declared a regular cash dividend of 21.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid March 15, 2024 to stockholders of record at the close of business on March 4, 2024.

NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND

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CLEVELAND , Nov. 7, 2023 /PRNewswire/ -- NACCO Industries® (NYSE: NC) announced today that the Board of Directors declared a regular cash dividend of 21.75 cents per share and announced a new stock repurchase program. The dividend is payable on both the Class A and Class B Common Stock, and will be paid December 15, 2023 to stockholders of record at the close of business on November 30, 2023.

NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND AND ANNOUNCES STOCK REPURCHASE PROGRAM

NACCO Industries, Inc. (NYSE:NC ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Christina Kmetko - IR J.C. Butler - President & CEO Elizabeth Loveman - SVP & Controller Conference Call Participants Andrew Kuhn - Focused Compounding Douglas Weiss - DSW Investment, LLC Operator Thank you for standing by.

NACCO Industries, Inc. (NC) Q3 2023 Earnings Call Transcript

Consolidated Highlights: Consolidated net loss of $3.8 million, or $0.51/share compared with net income of $10.6 million, or $1.45/share, in Q3 2022 Modest Q4 2023 income before tax and net income expected, with projections for significant full-year 2024 income improvement compared with 2023 CLEVELAND , Nov. 1, 2023 /PRNewswire/ -- NACCO Industries® (NYSE: NC) today announced the following consolidated results for the three and nine months ended September 30, 2023. Comparisons in this news release are to the three months ended September 30, 2022, unless otherwise noted.

NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2023 RESULTS

CLEVELAND , Oct. 24, 2023 /PRNewswire/ -- NACCO Industries® (NYSE:NC) will release its 2023 Third Quarter financial results after the close of the market on Wednesday, November 1, 2023. In conjunction with this release, the Company will host a conference call at 8:30 a.m.

NACCO INDUSTRIES ANNOUNCES DATES OF 2023 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

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NACCO Industries, Inc. (NYSE:NC ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Christina Kmetko - IR J.C. Butler - President and CEO Elizabeth Loveman - VP and Controller Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to NACCO Industries Q2 2023 Earnings Conference Call.

NACCO Industries, Inc. (NC) Q2 2023 Earnings Call Transcript

Second Quarter 2023 NACCO Consolidated Highlights: Consolidated income before taxes of $3.3 million versus $45.1 million in Q2 2022 Q2 2022 operating profit and other income included $14.0 million and $16.9 million, respectively, of income from contract termination settlements Consolidated net income decreased to $2.5 million, or $0.34/share, from $37.2 million, or $5.07/share, in Q2 2022  Adjusted EBITDA decreased to $9.2 million from $21.0 million in Q2 2022 CLEVELAND , Aug. 2, 2023 /PRNewswire/ -- NACCO Industries® (NYSE: NC) today announced the following consolidated results for the three and six months ended June 30, 2023. Comparisons in this news release are to the three months ended June 30, 2022, unless otherwise noted.

NACCO INDUSTRIES ANNOUNCES SECOND QUARTER 2023 RESULTS

CLEVELAND , July 25, 2023 /PRNewswire/ -- NACCO Industries® (NYSE:NC) will release its 2023 Second Quarter financial results after the close of the market on Wednesday, August 2, 2023. In conjunction with this release, the Company will host a conference call at 8:30 a.m.

NACCO INDUSTRIES ANNOUNCES DATES OF 2023 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL

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First Quarter 2023 NACCO Consolidated Highlights: Consolidated operating profit decreased to $1.8 million from $14.9 million in Q1 2022 mainly due to lower earnings at the Coal Mining and Minerals Management segments Consolidated net income decreased to $5.7 million, or $0.76/share, versus $12.6 million, or $1.72/share, in Q1 2022 EBITDA decreased to $10.8 million from $21.4 million in Q1 2022 CLEVELAND , May 3, 2023 /PRNewswire/ -- NACCO Industries® (NYSE: NC) today announced the following consolidated results for the three months ended March 31, 2023. Comparisons in this news release are to the three months ended March 31, 2022, unless otherwise noted.

NACCO INDUSTRIES ANNOUNCES FIRST QUARTER 2023 RESULTS

CLEVELAND , April 25, 2023 /PRNewswire/ -- NACCO Industries® (NYSE: NC) will release its 2023 First Quarter financial results after the close of the market on Wednesday, May 3, 2023. In conjunction with this release, the Company will host a conference call at 8:30 a.m.

NACCO INDUSTRIES ANNOUNCES DATES OF 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

NACCO Industries, Inc. (NYSE:NC ) Q4 2022 Results Conference Call March 16, 2023 8:30 AM ET Company Participants Christina Kmetko - IR J.C. Butler - President and CEO Elizabeth Loveman - VP and Controller Conference Call Participants Andrew Kuhn - Focused Compounding Nachy Kanfer - Donovan Energy Operator Hello, and welcome to the NACCO Industries Q4 2022 Earnings Conference Call.

NACCO Industries, Inc. (NC) Q4 2022 Earnings Call Transcript

NACCO Consolidated Highlights: Q4 2022 consolidated operating profit increased to $15.5 million, up 43.7% over Q4 2021 Q4 2022 consolidated net income increased to $13.8 million, or $1.84/share, up from $7.8 million, or $1.07/share, in Q4 2021 Q4 2022 EBITDA increased to $23.6 million, up 32.9% over Q4 2021 FY 2022 consolidated net income increased to $74.2 million, or $10.06/share, up from $48.1 million, or $6.69/share FY 2022 Adjusted EBITDA, which excludes impairments and contract termination income, increased 24.4% from 2021 to $88.2 million CLEVELAND , March 15, 2023 /PRNewswire/ -- NACCO Industries® (NYSE: NC) today announced the following consolidated results for the three months and year ended December 31, 2022: Three Months Ended Year Ended ($ in thousands except per share amounts) 12/31/22 12/31/21 % Change 12/31/22 12/31/21 % Change Operating Profit $15,541 $10,818 43.7 % $69,986 $55,410 26.3 % Net Income $13,782 $7,822 76.2 % $74,158 $48,125 54.1 % Diluted Earnings/share $1.84 $1.07 72.0 % $10.06 $6.69 50.4 % Adjusted EBITDA $23,640 $17,786 32.9 % $88,181 $70,872 24.4 % Improvements in the Company's 2022 fourth-quarter and full-year consolidated operating profit, net income and Adjusted EBITDA were primarily due to a significant increase in earnings in the Minerals Management segment partly offset by a substantial decrease in operating profit at the Coal Mining segment. Non-GAAP financial measures are defined and reconciled on pages 9 to 11.

NACCO INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS

CLEVELAND , Feb. 27, 2023 /PRNewswire/ -- NACCO Industries® (NYSE:NC) will release its 2022 Fourth Quarter and Full Year financial results after the close of the market on Wednesday, March 15, 2023. In conjunction with this release, the Company will host a conference call at 8:30 a.m.

NACCO INDUSTRIES ANNOUNCES DATES OF 2022 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL

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NACCO Industries, Inc. (NYSE:NC ) Q3 2022 Results Conference Call November 3, 2022 8:30 AM ET Company Participants Christina Kmetko - IR J.C. Butler - President and CEO Elizabeth Loveman - VP and Controller Operator Hello, and welcome to the NACCO Industries Q3 2022 Earnings Conference Call.

NACCO Industries, Inc. (NC) Q3 2022 Earnings Call Transcript

CLEVELAND , Nov. 2, 2022 /PRNewswire/ --   Third Quarter NACCO Consolidated Highlights: Consolidated operating profit of $9.8 million versus $27.6 million in Q3 2021      - Q3 2022 includes non-cash asset impairment charge of $3.9 million and voluntary retirement program charge of $0.8 million      - Q3 2021 included $10.3 million Bisti Fuels contract termination fee Consolidated net income decreased to $10.6 million, or $1.45/share, versus $24.8 million, or $3.47/share, in Q3 2021 Adjusted EBITDA decreased to $22.1 million, down 5.0% from Q3 2021 NACCO Industries® (NYSE: NC) today announced consolidated operating profit of $9.8 million and net income of $10.6 million, or $1.45 per diluted share, for the third quarter of 2022 compared with consolidated operating profit of $27.6 million and net income of $24.8 million, or $3.47 per diluted share, for the third quarter of 2021. Comparisons in this news release are to the three months ended September 30, 2021, unless otherwise noted.

NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2022 RESULTS

CLEVELAND , Oct. 25, 2022 /PRNewswire/ -- NACCO Industries® (NYSE: NC) will release its 2022 Third Quarter financial results and will file its 2022 Third Quarter 10Q after the close of the market on Wednesday, November 2, 2022. In conjunction with this release, the Company will host a conference call at 8:30 a.m.

NACCO INDUSTRIES ANNOUNCES DATES OF 2022 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

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