Quarterly ResultMay 5, 2026, 04:39 PM
NACCO Industries Q1 Net Income $8.8M (+80%); EPS $1.17 (+77%)
AI Summary
NACCO Industries reported strong first-quarter 2026 results, demonstrating significant growth in profitability both year-over-year and sequentially. Net income increased 80% to $8.8 million, and diluted EPS rose 77% to $1.17. This improvement was primarily driven by strong operating profit growth in the Utility Coal and Contract Mining segments. The company anticipates continued momentum throughout 2026, expecting meaningful year-over-year improvements in consolidated operating profit, net income, and Adjusted EBITDA.
Key Highlights
- Net income increased 80% to $8.8 million in Q1 2026 from $4.9 million in Q1 2025.
- Diluted EPS rose 77% to $1.17 in Q1 2026 from $0.66 in Q1 2025.
- Operating profit grew 43% to $11.0 million in Q1 2026 from $7.7 million in Q1 2025.
- Gross profit improved 48% to $14.3 million in Q1 2026 from $9.7 million in Q1 2025.
- Consolidated Adjusted EBITDA increased 28% to $16.4 million in Q1 2026.
- Utility Coal Mining operating profit increased to $7.4 million from $3.8 million in Q1 2025.
- Contract Mining operating profit increased to $4.0 million from $2.0 million in Q1 2025.
- Total liquidity was $102.7 million, including $53.2 million cash, at March 31, 2026.