NACCO INDUSTRIES INC

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

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.

Jun 30, 2024 · Filed Jul 31, 2024

NC$34.95-0.8%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

THREE MONTHS ENDED · SIX MONTHS ENDED
	JUNE 30		JUNE 30
	2024	2023	2024	2023
(In thousands, except per share data)
Revenues	$52,345	$61,350	$105,634	$111,491
Cost of sales	45,327	54,943	91,598	101,727
Gross profit	7,018	6,407	14,036	9,764
Earnings of unconsolidated operations	13,592	11,084	26,899	24,908
Operating expenses
Selling, general and administrative expenses	17,720	14,746	33,173	29,622
Amortization of intangible assets	116	927	242	1,654
(Gain) loss on sale of assets	(4,592)	68	(4,603)	(168)
	13,244	15,741	28,812	31,108
Operating profit	7,366	1,750	12,123	3,564
Other expense (income)
Interest expense	1,311	572	2,422	1,117
Interest income	(1,038)	(1,714)	(2,165)	(2,869)
Closed mine obligations	471	433	926	842
Loss (gain) on equity securities	264	(421)	(777)	(1,049)
Other, net	130	(377)	(84)	(2,102)
	1,138	(1,507)	322	(4,061)
Income before income tax provision (benefit)	6,228	3,257	11,801	7,625
Income tax provision (benefit)	256	737	1,259	(587)
Net income	$5,972	$2,520	$10,542	$8,212
Earnings per share:
Basic earnings per share	$0.81	$0.34	$1.42	$1.10
Diluted earnings per share	$0.81	$0.34	$1.42	$1.09
Basic weighted average shares outstanding	7,394	7,513	7,419	7,465
Diluted weighted average shares outstanding	7,394	7,513	7,437	7,515

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.