secwatch.observer — SEC 8-K summary
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Issuer:     NACCO INDUSTRIES INC (NC)
CIK:        0000789933
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000789933-22-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789933/000078993322000049/0000789933-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789933/000078993322000049/nacco-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000789933-22-000049

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