NACCO INDUSTRIES INC — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
NACCO reported Q3 2026 net income of $10.9M (diluted EPS $1.44) on revenues of $80.5M (+5% YoY). Adjusted EBITDA grew 63% to $20.4M. Operating profit of $9.3M included $3.4M solar curtailment costs. A $4.5M gain from excess pension funding liability settlement boosted other income. Key drivers: Utility Coal Mining operating profit up $1.6M to $6.6M; Contract Mining operating profit up $3.0M to $4.9M from new dragline and limestone contracts. Company incurred $11.9M solar impairment charges in Q2 2026 and expects additional solar curtailment costs in Q4 2026. Debt stands at $124.8M; liquidity at $115.2M.
Why this rating
Strong operational growth offset by strategic solar retreat. Earnings beat, but solar headwinds ($15M YTD) are ~13% of market cap; new contracts provide growth foundation. Moderate event for $118.6M company.
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