NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Q3 operating profit $9.3 million, up 37% year over year
- ➤Adjusted EBITDA $20.4 million, up 63% year over year
- ➤Full-year 2026 operating profit expected comparable to 2025
- ➤Full-year 2026 Adjusted EBITDA expected to increase substantially year over year
- ➤Contract Mining operating profit $4.9 million, up from $1.9 million
Expert Statements
J.C. Butler, President and Chief Executive Officer of NACCO Industries
“NACCO's third-quarter results reflect continued progress in strengthening the performance of our businesses. Strong improvements in operating profitability and Adjusted EBITDA demonstrate the momentum we are building across the organization, even as we incur costs associated with the curtailment of certain solar development activities. We delivered solid results with increasing contributions from newer projects and contracts and remain focused on building on this progress to create a stronger foundation for future growth and long-term shareholder value.”
NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2026 RESULTS PR Newswire
* Gross profit of $11.8 million improved 18% year over year on increased revenue * Income before taxes of $12.5 million improved $6.6 million over Q3 2025 * Operating profit of $9.3 million, which includes solar curtailment costs of $3.4 million, rose $2.5 million, or 37%, over Q3 2025 * Other income includes a $4.5 million excess funding liability settlement gain * Net income of $10.9 million decreased from $13.3 million in Q3 2025 due to higher income tax expense * Adjusted EBITDA of $20.4 million increased 63% over Q3 2025 and 28% sequentially NACCO Industries(®) (NYSE: NC) today announced consolidated results for the three and nine months ended September 30, 2026.
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