NACCO INDUSTRIES (NC) Company Report

NACCO Industries, Inc. declared a regular quarterly cash dividend of 25.25 cents per share for both Class A and Class B Common Stock.
The dividend is payable on December 15, 2025, to stockholders of record as of December 1, 2025.
The company's Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $20 million of Class A Common Stock through December 31, 2027.
This new program replaces a previous one, under which NACCO completed over $12 million in share repurchases.

Nov 18, 2025, 9:34 PM

8-K

NACCO Industries Declares Quarterly Dividend and Announces New Stock Repurchase Program

Dividends

Share Buyback

NACCO Industries declared a regular quarterly cash dividend of 25.25 cents per share, payable on December 15, 2025, to stockholders of record on December 1, 2025.
The company's Board of Directors approved a new stock repurchase program, authorizing the repurchase of up to $20 million of its Class A Common Stock through December 31, 2027.
This new program replaces a previous one, under which over $12 million of shares were repurchased.

Nov 18, 2025, 9:30 PM

Press Release

NACCO Industries Reports Q3 2025 Results with Revenue Growth and New Contract Wins

Earnings

Guidance Update

New Projects/Investments

NACCO Industries reported Q3 2025 consolidated revenues of $76.6 million, marking a 24% increase year-over-year, with an operating profit of $6.8 million and net income of $13.3 million, or $1.78 per share. The company's EBITDA for the quarter was $12.5 million, improving sequentially from $9.3 million in Q2 2025.
The Contract Mining segment demonstrated strong performance, with tons delivered growing 20% year-over-year and revenues net of reimbursed costs rising 22%, driven by increased customer demand and improved margins. This segment also secured a multi-year contract for drag line services in Palm Beach County, Florida, which is anticipated to be accretive to earnings starting in Q2 2026.
The Utility Coal Mining segment continued to be affected by a reduced per-ton sales price at Mississippi Lignite Mining Company due to contractual pricing mechanics, though management expects this issue to begin rectifying in 2026. Meanwhile, the Minerals and Royalties segment saw increased operating profit and segment-adjusted EBITDA, partly due to an equity investment and higher natural gas prices, and completed a $4.2 million strategic acquisition in the Midland Basin.
Management anticipates solid operating results for Q4 2025 and expects meaningful year-over-year improvements in both operating profit and net income in 2026. The company has a long-term target of achieving $150 million in annual EBITDA within the next five to seven years.
As of September 30, 2025, NACCO's total liquidity stood at $152 million, comprising $52.7 million in cash and $99.3 million in availability under its revolving credit facility, with total debt outstanding at $80.2 million. The company forecasts up to $44 million in capital spending for the remainder of 2025 and up to $70 million in 2026, primarily for new business development.

Nov 6, 2025, 1:30 PM

Transcript

NACCO Industries Announces Q3 2025 Results

Earnings

Guidance Update

New Projects/Investments

NACCO Industries reported Q3 2025 revenues of $76.6 million, a 24% increase over Q3 2024, with net income of $13.3 million and diluted EPS of $1.78.
Operating profit for Q3 2025 was $6.8 million, down from $19.7 million in Q3 2024, primarily because the prior year included $13.6 million in business interruption insurance income.
The Contract Mining segment's revenues grew substantially to $45.6 million from $32.3 million in Q3 2024, with operating profit improving to $1.9 million from a loss of $(0.5) million.
For Q4 2025, the company anticipates consolidated operating profit comparable to the prior year, but expects a substantial year-over-year decrease in net income and EBITDA due to a planned pension plan termination charge.
NACCO projects meaningful year-over-year improvements in both operating profit and net income in 2026, supported by new contracts and planned capital expenditures of approximately $44 million in the remainder of 2025 and up to $70 million in 2026.

Nov 5, 2025, 9:55 PM

8-K

NACCO Industries Announces Third Quarter 2025 Results

Earnings

Guidance Update

Share Buyback

NACCO Industries reported Q3 2025 revenues of $76.6 million, a 24% increase over Q3 2024, and net income of $13.3 million, which was a decrease from $15.6 million in Q3 2024. The year-over-year decline in operating profit was primarily due to a $13.6 million business interruption insurance recovery included in Q3 2024 results.
Key financial results for Q3 2025 and Q3 2024 are presented below:

Metric	Q3 2024	Q3 2025
Revenues ($USD Thousands)	$61,656	$76,614
Operating profit ($USD Thousands)	$19,699	$6,777
Net Income ($USD Thousands)	$15,635	$13,254
Diluted EPS ($USD)	$2.14	$1.78
Consolidated EBITDA ($USD Thousands)	$25,685	$12,530

As of September 30, 2025, the company had total liquidity of $152.0 million, consisting of $52.7 million in cash and $99.3 million available under its revolving credit facility. Additionally, $7.8 million remained under its share repurchase program, which expires at the end of 2025.
For the 2025 fourth quarter, consolidated operating profit is expected to be comparable to the prior year quarter, but full-year operating profit will be lower than 2024. A significant non-cash settlement charge is anticipated from the termination of its defined benefit pension plan in Q4 2025, which is expected to lead to a substantial year-over-year decrease in net income and EBITDA for Q4 and full-year 2025. The company projects capital expenditures of approximately $44 million for the remainder of 2025 and up to $70 million in 2026.

Nov 5, 2025, 9:54 PM

Press Release

NACCO Industries' North American Mining Awarded Multi-Year Everglades Restoration Contract

New Projects/Investments

North American Mining, a business within NACCO Natural Resources and a subsidiary of NACCO Industries (NYSE: NC), has been awarded a new multi-year contract.
The contract involves providing dragline excavation services for a U.S. Army Corps of Engineers project in the Florida Everglades, requiring the movement of more than 25 million tons of material.
This award signifies a strategic expansion for North American Mining into large-scale civil infrastructure projects, complementing its existing aggregates mining business.
The company's new, fully AC-electric-drive MTECK draglines, noted for their efficiency and environmental advantages, were a key factor in securing the contract.

Nov 4, 2025, 5:47 PM

Press Release

NACCO Industries' North American Mining Secures New 10-Year Limestone Mining Contract

New Projects/Investments

North American Mining, a subsidiary of NACCO Industries, has secured a new 10-year contract to provide limestone mining services in Ft. Myers, Florida.
This agreement expands North American Mining's presence to 19 mining operations statewide and represents the third quarry for the same customer, reinforcing an existing long-term relationship.
The contract includes comprehensive services such as strategic mine planning, mining operations, parts supply, and inventory services.

Sep 25, 2025, 1:27 PM

Press Release

NACCO Industries Discusses Long-Term Growth Strategy and Financial Targets

New Projects/Investments

Guidance Update

Revenue Acceleration/Inflection

NACCO Industries (NC) operates as a diversified natural resources platform, emphasizing long-term contracts and stable cash flows, with a target of $150 million in EBITDA over the next five to seven years, up from $57 million trailing twelve months EBITDA.
The company's organic growth strategy leverages cash flows and expertise from its legacy coal mining business to expand into contract mining, including a lithium mine in Nevada, mineral and royalty investments, and ecological solutions.
NACCO Industries has invested $94 million in its mineral and royalty business over several years and anticipates an additional $11 million in annual EBITDA starting in 2026 from new projects signed in 2024.
A dual-class stock structure, with Class A shares publicly traded and Class B shares (primarily held by the founding family) having ten votes per share, enables the company to pursue long-term investments without being solely driven by quarterly earnings.

Aug 26, 2025, 8:15 PM

NACCO Industries, Inc. Updates Investor Presentation Highlighting Growth Strategy and Financial Targets

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

NACCO Industries, Inc. (NC) released an updated investor presentation on August 25, 2025, emphasizing its strategic position as a diversified natural resource platform.
The company anticipates $50 million in recurring EBITDA annually from its current businesses and is targeting $150 million in EBITDA within the next 5 to 7 years, reaching an "Inflection Point" in 2025.
New projects and investments initiated in 2024 are projected to contribute over $11 million in annual EBITDA starting in 2026.
As of June 30, 2025, NACCO reported $139.9 million in total liquidity ($49.4 million cash and $90.5 million available under revolving credit facility) and $95.5 million in total debt, reflecting a conservative balance sheet.