Earnings Releases·Nov 4, 2026, 4:40 PM ET

NACCO Industries — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 5% year-over-year to $80.494 million, while operating profit surged 37% to $9.257 million and Adjusted EBITDA increased 63% to $20.374 million, though net income and diluted EPS declined 18% to $10.908 million and $1.44 respectively due to higher tax expenses and a prior-year pension charge.
Full-year 2026 operating profit is expected to remain comparable to the prior year, including approximately $15 million in solar-related impairment and curtailment costs, while full-year Adjusted EBITDA is projected to show a substantial year-over-year increase.
Strategic growth drivers include a 75% revenue increase in Contract Mining from new contracts and the ongoing Sawtooth Mining lithium project, with 2027 capital investment anticipated to reach up to $56 million.
Future outlook indicates fourth-quarter operating profit and Adjusted EBITDA may be lower than the prior-year quarter depending on solar curtailment timing, while 2027 profitability is expected to improve across the portfolio despite a projected moderation in Minerals and Royalties earnings.