earnings
confidence high
sentiment negative
materiality 0.75
NACCO Industries posts Q3 net loss of $3.8M vs $10.6M profit in prior year
NACCO INDUSTRIES INC
2023-Q3 EPS reported
$0.58
revenue$158,037,000
- Net loss of $3.8M ($0.51 diluted loss) vs net income of $10.6M ($1.45 diluted EPS) in Q3 2022.
- Operating loss of $6.3M vs operating profit of $9.8M in Q3 2022.
- Adjusted EBITDA dropped to $0.4M from $22.1M in prior year quarter.
- Nine-month net income of $4.4M ($0.58/share) down 93% from $60.4M ($8.24/share) in 2022.
- Company expects modest Q4 income before tax and significant full-year 2024 income improvement.