NACCO Industries Q2 Earnings Call Highlights

2 weeks ago 12

MarketBeat

Sat, August 8, 2026 astatine 3:03 PM CDT 6 min read

Key Points

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NACCO Industries (NYSE:NC) reported stronger operating show crossed its inferior ember mining, declaration mining and minerals and royalties businesses successful the 2nd 4th of 2026, but solar-project impairment charges drove the institution to a consolidated operating nonaccomplishment and nett nonaccomplishment for the period.

Revenue roseate 6% twelvemonth implicit twelvemonth to $72.3 million, portion gross nett much than doubled to $15.2 cardinal from $6.8 million. Consolidated Adjusted EBITDA accrued 72% to $15.9 million, compared with $9.3 cardinal a twelvemonth earlier. However, NACCO recorded $12 cardinal successful impairment charges tied to 2 star improvement projects wrong its ReGen Resources business.

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The institution posted an operating nonaccomplishment of $2.3 million, compared with an operating nonaccomplishment of little than $100,000 successful the prior-year quarter. NACCO reported a nett nonaccomplishment of $1 million, oregon $0.13 per diluted share, versus nett income of $3.3 million, oregon $0.44 per diluted share, successful the 2nd 4th of 2025.

Solar impairments offset core-business gains

President and CEO J.C. Butler said the star impairments followed a reassessment of task economics aft the institution received updated accusation connected rising costs and delays successful connecting procreation facilities to the powerfulness grid.

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Butler cited tax-law changes associated with the One Big Beautiful Bill Act, request for generating instrumentality and engineering, procurement and operation services, higher costs for grid-connection equipment, and tariff-related terms increases. He said the developments created "a cleanable storm" for renewable projects that had been initiated earlier the law's enactment.

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