NACCO INDUSTRIES INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
NC$34.95-0.8%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
| THREE MONTHS ENDED | ||
|---|---|---|
| MARCH 31 | ||
| 2024 | 2023 | |
| (In thousands, except per share data) | ||
| Revenues | $53,289 | $50,141 |
| Cost of sales | 46,271 | 46,784 |
| Gross profit | 7,018 | 3,357 |
| Earnings of unconsolidated operations | 13,307 | 13,824 |
| Operating expenses | ||
| Selling, general and administrative expenses | 15,453 | 14,876 |
| Amortization of intangible assets | 126 | 727 |
| Gain on sale of assets | (11) | (236) |
| 15,568 | 15,367 | |
| Operating profit | 4,757 | 1,814 |
| Other (income) expense | ||
| Interest expense | 1,111 | 545 |
| Interest income | (1,127) | (1,155) |
| Closed mine obligations | 455 | 409 |
| Gain on equity securities | (1,041) | (628) |
| Other, net | (214) | (1,725) |
| (816) | (2,554) | |
| Income before income tax provision (benefit) | 5,573 | 4,368 |
| Income tax provision (benefit) | 1,003 | (1,324) |
| Net income | $4,570 | $5,692 |
| Earnings per share: | ||
| Basic earnings per share | $0.61 | $0.77 |
| Diluted earnings per share | $0.61 | $0.76 |
| Basic weighted average shares outstanding | 7,452 | 7,428 |
| Diluted weighted average shares outstanding | 7,515 | 7,515 |
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