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%…
Earnings analysis · 10-Q
NC earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
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,…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.17
- Segment
- Utility Coal Mining
- Segment
- Contract Mining
- Segment
- Minerals and Royalties
What stood out
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Strong Increase in EPS
Diluted EPS improved to $1.17 from $0.66, a 77% increase year-over-year.
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Robust Operating Income Growth
Operating profit rose to $11.016 million from $7.682 million, reflecting a 43.9% year-over-year growth.
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Cash Flow Improvement
Net cash provided by operating activities surged to $12.374 million from $5.023 million in Q1 2025.
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Segment Revenue Diversification Gains
Contract Mining segment revenue increased to $32.639 million, a 3.6% rise compared to Q1 2025.
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Cash Reserves Increased
Cash and cash equivalents rose to $53.161 million, up from $49.708 million at the end of 2025.
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Debt Financing Leveraged
Net additions to revolving credit agreements increased by $30.564 million, reaching $100 million in total debt.
What to watch
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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.
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Lower Oil & Gas Production
Minerals and Royalties segment revenue decreased by 12.4% to $9.546 million driven by lower natural gas revenue.
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Rising Operational Costs
Cash used in financing activities saw a significant shift to net cash provided, indicating cash outflow pressures potentially ahead.
Management's outlook
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.
Earlier filings 3
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 itself. Analysis can contain errors; check the source document for full context.