---
schema_version: "secwatch.filing_event.v1"
accession: "0000789933-24-000017"
form_type: "8-K"
ticker: "NC"
cik: "0000789933"
company_name: "NACCO INDUSTRIES INC"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T03:14:34.647350+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NACCO Q4 net loss $44M ($5.88/share) on $65.9M impairment; FY 2024 outlook positive

## Summary
- Operating loss of $67.4M vs operating profit of $15.5M in Q4 2022; includes $65.9M non-cash impairment from Red Hills Mine outage.
- Diluted EPS loss of $5.88 vs earnings of $1.84 in prior year; net loss of $44.0M vs net income of $13.8M.
- Adjusted EBITDA (ex impairment) fell to $7.1M from $23.6M in Q4 2022.
- Full year 2023: net loss $39.6M (-$5.29/share) vs net income $74.2M ($10.06/share); Adjusted EBITDA $27.5M vs $88.2M.
- 2024 outlook expects positive full-year net income, recovering from substantial 2023 loss.

## SEC filing metadata
- accession: 0000789933-24-000017
- form_type: 8-K
- ticker: NC
- cik: 0000789933
- company_name: NACCO INDUSTRIES INC
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/0000789933-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/nacco-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789933-24-000017
- JSON: https://secwatch.observer/filing/0000789933-24-000017.json
- Plain text: https://secwatch.observer/filing/0000789933-24-000017.txt

## Key facts
- Earnings Releases
  NACCO INDUSTRIES INC reported Three Months Ended December 31, 2023 results: net income $(44.0), EPS $(5.88). Guidance initiated.
  - Period: Three Months Ended December 31, 2023
  - Net income: $(44.0)
  - EPS: $(5.88)
  - Guidance: initiated
  - Result: reported results
  source text: Three Months Ended Year Ended ($ in millions except per share amounts) 12/31/23 12/31/22 $ Change 12/31/23 12/31/22 $ Change Operating Profit (Loss) $(67.4) $15.5 $(82.9) $(70.1) $70.0 $(140.1) Net Income (Loss) $(44.0) $13.8 $(57.8) $(39.6) $74.2 $(113.8) Diluted Earnings (loss)/share $(5.88) $1.84 $(7.72) $(5.29) $10.06 $(15.35) Adjusted EBITDA* $7.1 $23.6 $(16.5) $27.5 $88.2 $(60.7)
  evidence_url: https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/0000789933-24-000017-index.htm
- Earnings Releases
  NACCO INDUSTRIES INC updated its Year Ending December 31, 2024 guidance (initiated).
  - Period: Year Ending December 31, 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 2024 Consolidated Outlook • Expect to report positive full-year net income compared with substantial 2023 loss
  evidence_url: https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/0000789933-24-000017-index.htm
- Earnings Releases
  NACCO INDUSTRIES INC reported Year Ended December 31, 2023 results: net income $(39.6), EPS $(5.29). Guidance initiated.
  - Period: Year Ended December 31, 2023
  - Net income: $(39.6)
  - EPS: $(5.29)
  - Guidance: initiated
  - Result: reported results
  source text: Three Months Ended Year Ended ($ in millions except per share amounts) 12/31/23 12/31/22 $ Change 12/31/23 12/31/22 $ Change Operating Profit (Loss) $(67.4) $15.5 $(82.9) $(70.1) $70.0 $(140.1) Net Income (Loss) $(44.0) $13.8 $(57.8) $(39.6) $74.2 $(113.8) Diluted Earnings (loss)/share $(5.88) $1.84 $(7.72) $(5.29) $10.06 $(15.35) Adjusted EBITDA* $7.1 $23.6 $(16.5) $27.5 $88.2 $(60.7)
  evidence_url: https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/0000789933-24-000017-index.htm

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