NACCO INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 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 · NINE MONTHS ENDED | ||||
|---|---|---|---|---|
| SEPTEMBER 30 | SEPTEMBER 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share data) | ||||
| Revenues | $61,656 | $46,546 | $167,290 | $158,037 |
| Cost of sales | 54,412 | 48,720 | 146,010 | 150,447 |
| Gross profit (loss) | 7,244 | (2,174) | 21,280 | 7,590 |
| Earnings of unconsolidated operations | 15,155 | 12,754 | 42,054 | 37,662 |
| Business interruption insurance recoveries | 13,612 | — | 13,612 | — |
| Operating expenses | ||||
| Selling, general and administrative expenses | 16,487 | 16,118 | 49,660 | 45,740 |
| Amortization of intangible assets | 131 | 642 | 373 | 2,296 |
| (Gain) loss on sale of assets | (306) | 87 | (4,909) | (81) |
| 16,312 | 16,847 | 45,124 | 47,955 | |
| Operating profit (loss) | 19,699 | (6,267) | 31,822 | (2,703) |
| Other expense (income) | ||||
| Interest expense | 1,386 | 632 | 3,808 | 1,749 |
| Interest income | (1,084) | (1,679) | (3,249) | (4,548) |
| Closed mine obligations | 463 | 394 | 1,389 | 1,236 |
| (Gain) loss on equity securities | (442) | 551 | (1,219) | (498) |
| Other, net | 244 | (315) | 160 | (2,417) |
| 567 | (417) | 889 | (4,478) | |
| Income (loss) before income tax provision (benefit) | 19,132 | (5,850) | 30,933 | 1,775 |
| Income tax provision (benefit) | 3,497 | (2,018) | 4,756 | (2,605) |
| Net income (loss) | $15,635 | $(3,832) | $26,177 | $4,380 |
| Earnings per share: | ||||
| Basic earnings (loss) per share | $2.14 | $(0.51) | $3.55 | $0.59 |
| Diluted earnings (loss) per share | $2.14 | $(0.51) | $3.54 | $0.58 |
| Basic weighted average shares outstanding | 7,312 | 7,517 | 7,383 | 7,480 |
| Diluted weighted average shares outstanding | 7,312 | 7,517 | 7,395 | 7,515 |
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