secwatch.observer — SEC 8-K summary
======================================

Issuer:     NACCO INDUSTRIES INC (NC)
CIK:        0000789933
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0000789933-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/0000789933-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789933/000078993324000017/nacco-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000789933-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer