NC earnings analysis
What we found in NC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
NACCO Industries reported Q1 2026 financial results with revenues of $62.775 million, down from $65.571 million year-over-year, but with a notable increase in net income from $4.9 million to $8.836 million, significantly improving diluted EPS to $1.17 from $0.66 previously. The Contract Mining segment showed strong performance, driven by new contracts, while the Utility Coal Mining segment struggled due to reduced production and customer outages.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Increase in EPS
- Diluted EPS improved to $1.17 from $0.66, a 77% increase year-over-year.
- Robust Operating Income Growth
- Operating profit rose to $11.016 million from $7.682 million, reflecting a 43.9% year-over-year growth.
- Cash Flow Improvement
- Net cash provided by operating activities surged to $12.374 million from $5.023 million in Q1 2025.
- Segment Revenue Diversification Gains
- Contract Mining segment revenue increased to $32.639 million, a 3.6% rise compared to Q1 2025.
- Cash Reserves Increased
- Cash and cash equivalents rose to $53.161 million, up from $49.708 million at the end of 2025.
- Debt Financing Leveraged
- Net additions to revolving credit agreements increased by $30.564 million, reaching $100 million in total debt.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Utility Coal Revenue
- Utility Coal Mining revenue fell to $16.691 million, a 13.2% decrease from $19.239 million in Q1 2025.
- Lower Oil & Gas Production
- Minerals and Royalties segment revenue decreased by 12.4% to $9.546 million driven by lower natural gas revenue.
- Rising Operational Costs
- Cash used in financing activities saw a significant shift to net cash provided, indicating cash outflow pressures potentially ahead.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.17
- Gross margin
- 22.8%
- Operating margin
- 17.6%
- Segment
- Utility Coal Mining
- Segment
- Contract Mining
- Segment
- Minerals and Royalties
What they said about what is next.
NACCO anticipates modest increases in operating profit through 2026, driven by new contracts, but expects some moderation in growth due to comparisons with a strong prior-year performance.
The filing reads better than the one before it.
What came before.
- 10-K · March 4, 2026
- NACCO Industries, Inc. reported a challenging year for 2025, marked by a decrease in overall profitability and an operational loss in its Utility Coal Mining segment. The company experienced a revenue increase of 16.69%…
- 10-Q · November 5, 2025
- NACCO Industries, Inc. reported total revenues of $76.6 million for Q3 2025, representing a 24.1% increase sequentially from $61.7 million in Q3 2024. Gross margin remained stable at 13.0%, but operating profit fell to…
- 10-Q · August 6, 2025
- NACCO Industries reported financial results for the second quarter of 2025 showing significant changes across its segments compared to the prior year. Revenue surged by 30% year-over-year to $68.2 million, while diluted…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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