Earnings ·
NACCO Industries reported a net loss of $963,000 ($0.13 per share) for the second quarter ended June 30, 2026…
NCNacco Industries Inc
NACCO Industries reported a net loss of $963,000 ($0.13 per share) for the second quarter ended June 30, 2026, compared to net income of $3.3 million in the prior year period. The decline was driven by $12.0 million in asset impairment charges related to solar development projects within ReGen Resources. Despite this, gross profit increased 123% to $15.2 million and Adjusted EBITDA rose 72% to $15.9 million on a 6% revenue increase to $72.3 million. The company anticipates full-year operating profit and net income will be significantly lower than 2025 due to these charges and expected inventory write-downs at Mississippi Lignite Mining Company, though Consolidated Adjusted EBITDA is expected to improve year-over-year. NACCO Industries operates in the natural resources sector, providing coal mining, contract mining, mineral royalties, and environmental restoration services.