NACCO Q2 net income surges to $37.2M ($5.07/diluted) from $6.5M on $30.9M contract settlement

NACCO INDUSTRIES INC

2022-Q2 EPS reported $6.79 revenue$116,392,000

Net income $37.2M vs $6.5M in Q2 2021; diluted EPS $5.07 vs $0.91.
Adjusted EBITDA $21.0M, up 37% from $15.3M in prior-year quarter.
Income before tax $45.1M vs $9.4M, partly due to $30.9M contract termination assets from Great River Energy.
Minerals Management segment earnings increased significantly; partially offset by fair-value declines in equity securities.
Rainbow Energy became new coal sales partner after GRE sold Coal Creek Station plant.

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