---
schema_version: "secwatch.filing_event.v1"
accession: "0000789933-23-000046"
form_type: "8-K"
ticker: "NC"
cik: "0000789933"
company_name: "NACCO INDUSTRIES INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:37:39.001361+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000789933-23-000046
- form_type: 8-K
- ticker: NC
- cik: 0000789933
- company_name: NACCO INDUSTRIES INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789933/000078993323000046/0000789933-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789933/000078993323000046/nacco-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789933-23-000046
- JSON: https://secwatch.observer/filing/0000789933-23-000046.json
- Plain text: https://secwatch.observer/filing/0000789933-23-000046.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/789933/000078993323000046/0000789933-23-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.