NACCO Industries — Third Quarter 2026 Earnings Summary

NACCO Industries reported a 18% year-over-year increase in gross profit to $11.8 million for the third quarter of 2026, driven by higher revenues across its operating segments. Income before taxes rose 110% to $12.5 million, bolstered by a $4.5 million gain from the settlement of an excess pension funding liability, though net income decreased to $10.9 million due to higher income tax expenses. Adjusted EBITDA increased 63% to $20.4 million, reflecting strong performance in Contract Mining and Utility Coal Mining that offset $3.4 million in solar curtailment costs recorded in the Unallocated segment. The company anticipates full-year consolidated operating profit to be comparable to the prior year while expecting a substantial year-over-year increase in Adjusted EBITDA.