Earnings ·
NACCO Industries reports Q3 net income of $10.9M and Adjusted EBITDA up 63% to $20.4M
NCNacco Industries Inc
NACCO Industries reported unaudited financial results for the third quarter ended September 30, 2026. Consolidated revenues increased 5% year-over-year to $80.5 million, while gross profit rose 18% to $11.8 million. Operating profit improved 37% to $9.3 million, driven by higher earnings in the Contract Mining and Utility Coal Mining segments, though this was partially offset by $3.4 million in solar curtailment costs recorded in Unallocated results. A $4.5 million gain from the settlement of an excess pension funding liability contributed to other income. Net income decreased 18% to $10.9 million due to a substantial increase in income tax expense, while Adjusted EBITDA surged 63% to $20.4 million. The company operates as a diversified natural resources firm engaged in coal mining, contract mining services, mineral and royalty interests, and environmental restoration.