NACCO Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:41 pm EDT
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NACCO Industries, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 61.35 million compared to USD 61.37 million a year ago. Net income was USD 2.52 million compared to USD 37.18 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 5.07 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 5.07 a year ago.
For the six months, sales was USD 111.49 million compared to USD 116.39 million a year ago. Net income was USD 8.21 million compared to USD 49.76 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 6.83 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 6.79 a year ago.
NACCO Industries, Inc. is a holding company. It brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. The Companyâs segments include Coal Mining, North American Mining (NAMining) and Minerals Management. The Coal Mining segment operates surface coal mines for power generation companies. The NAMining segment is a mining partner for producers of aggregates, activated carbon, lithium and other industrial minerals. The Minerals Management segment, which includes the Catapult Mineral Partners (Catapult) business, acquires and promotes the development of mineral interests. Mitigation Resources of North America (Mitigation Resources) provides stream and wetland mitigation solutions. NAMining provides contract mining services for independently owned mines and quarries, creating value for its customers by performing the mining aspects of its customersâ operations.
NACCO INDUSTRIES, INC. 
