Nacco Industries Q1 Profit Rises 43% to $11M, EPS Hits $1.17
Nacco Industries posted Q1 gross profit of $14.3 million, up 48% year-over-year, and operating profit of $11.0 million, up 43%, on $62.8 million revenue. Net income rose 80% to $8.8 million and diluted EPS reached $1.17, driven by strong Coal and Contract Mining results.
1. First Quarter 2026 Results
Nacco Industries reported consolidated Q1 2026 revenues of $62.8 million, down 4% year-over-year. Gross profit climbed 48% to $14.3 million and operating profit increased 43% to $11.0 million, while net income rose 80% to $8.8 million with diluted EPS of $1.17 versus $0.66 a year earlier.
2. Segment Performance
Utility Coal segment swung to $0.7 million gross profit from a $3.3 million loss, aided by favorable pricing and reclamation activities during a customer outage. Contract Mining delivered a 32% increase in revenues excluding reimbursables to $15.8 million and operating profit jumped to $4.0 million on a new U.S. Army Corps dragline contract.
3. Liquidity and Outlook
As of March 31, outstanding debt stood at $126.4 million with total liquidity of $102.7 million, including $53.2 million in cash. Management plans to invest in growth platforms to further enhance profitability and cash generation.