NACCO Q1 operating profit plunges 87.9% to $1.8M; EPS $0.76 vs $1.72 YoY

NACCO INDUSTRIES INC

2023-Q1 EPS reported $0.76 revenue$50,141,000

Consolidated net income $5.7M ($0.76 diluted EPS) vs $12.6M ($1.72) in Q1 2022.
Operating profit dropped to $1.8M from $14.9M a year ago.
EBITDA fell to $10.8M from $21.4M, down 49.7%.
Decline driven by lower earnings in Coal Mining and Minerals Management segments.
No guidance provided in the release; results significantly below prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NACCO INDUSTRIES INC reported three months ended March 31, 2023 results: net income $5.7 million, or $0.76/share, EPS $0.76.

Period: three months ended March 31, 2023
Net income: $5.7 million, or $0.76/share
EPS: $0.76
Result: reported results

Exact text from the filing

NACCO Industries, Inc. (the “Company”) issued a press release announcing the unaudited financial results for the three months ended March 31, 2023

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Source: SEC EDGAR

accession 0000789933-23-000037

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