NACCO Q2 FY26 net income turns to loss of $963,000; gross profit more than doubled to $15.2 million vs Q2 FY25
NC•Quarterly results
- NACCO posted a Q2 2026 net loss of USD 963,000, swinging from profit, despite revenue rising 6% to USD 72.31 million.
- Operating results turned to a loss of USD 2.27 million as USD 11.98 million of solar asset impairment charges weighed on results.
- Gross profit more than doubled to USD 15.2 million, while non-GAAP adjusted EBITDA rose 72% to USD 15.91 million.
Balance sheet and liquidity
- Debt stood at USD 120.1 million at June 30, with total liquidity of USD 114.6 million, including USD 45.5 million of cash.
Outlook and solar investments
- Management expects adjusted EBITDA to remain strong in the second half but said growth should moderate; it is pursuing options to monetize certain solar investments.
