NACCO Q3 operating profit jumps 37%

Overview

• US natural resources firm's Q3 revenue rose 5% yr/yr, operating profit up 37%

• Adjusted EBITDA for Q3 rose 63% yr/yr

• Net income declined 18% due to higher income tax expense

Outlook

• Company expects full-year 2026 consolidated operating profit to be comparable to 2025

• NACCO anticipates substantial year-over-year growth in full-year 2026 consolidated Adjusted EBITDA

• Company expects fourth-quarter 2026 operating profit and Adjusted EBITDA could be lower than prior-year quarter

Result Drivers

• CONTRACT MINING EXPANSION - Operating profit rose due to new dragline services contract in Florida and new limestone quarry in Arizona, offsetting lower customer requirements at other sites

• UTILITY COAL MINING PRICING - Improved contractual pricing and lower inventory impairment charges at Mississippi Lignite Mining Company lifted segment operating profit

• SOLAR CURTAILMENT COSTS - $3.4 mln in solar curtailment costs affected results in the quarter

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)