NACCO Q2 net income drops 93% to $0.34 EPS; adjusted EBITDA falls 56%

NACCO INDUSTRIES INC

2023-Q2 EPS reported $1.09 revenue$111,491,000

Q2 2023 net income of $2.5M ($0.34 diluted EPS) vs $37.2M ($5.07 EPS) a year ago.
Income before taxes decreased to $3.3M from $45.1M, down 92.8%.
Adjusted EBITDA for Q2 fell to $9.2M from $21.0M, down 56.1%.
Prior-year quarter included $30.9M from contract termination settlements.
Six-month net income down 83.5% to $8.2M ($1.09 EPS).

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 the three and six months ended June 30, 2023 results: net income Net Income $2,520 $37,180 (93.2)% $8,212 $49,762 (83.5)%, EPS Diluted Earnings/share $0.34 $5.07 (93.3)% $1.09 $6.79 (83.9)%.

Period: the three and six months ended June 30, 2023
Net income: Net Income $2,520 $37,180 (93.2)% $8,212 $49,762 (83.5)%
EPS: Diluted Earnings/share $0.34 $5.07 (93.3)% $1.09 $6.79 (83.9)%
Result: reported results

Exact text from the filing

On August 2, 2023, NACCO Industries, Inc. (the “Company”) issued a press release announcing the unaudited financial results for the three and six months ended June 30, 2023, a copy of which is attached as Exhibit 99 to this Current Report on Form 8-K.

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Source: SEC EDGAR

accession 0000789933-23-000046

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