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NACCO Industries (NC)
NYSE:NC
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 6.91%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a strong turnaround in operating profit and significant contributions from insurance recovery and improved segment performances, particularly in Coal Mining and Minerals Management. However, challenges in the North American Mining segment and a cautious outlook for Minerals Management due to market conditions were noted. Overall, the positive improvements and future growth expectations outweigh the challenges, leading to a positive sentiment.Company Guidance
During the NACCO Industries Q3 2024 earnings call, the company provided several important metrics about their performance and future outlook. The consolidated operating profit was reported at $19.7 million, with a net income of $15.6 million, equating to $2.14 per share. This represented a significant improvement from the prior year's third quarter, which saw an operating loss of $6.3 million and a net loss of $3.8 million or $0.51 per share. Additionally, EBITDA increased to $25.7 million from $400,000 in 2023. The Coal Mining segment showed substantial improvement, with an operating profit of $19.9 million and segment adjusted EBITDA of $22.1 million, up from an operating loss of $4.7 million the previous year. The Minerals Management segment also saw a revenue increase of 54% to $8.8 million, improving operating profit to $6.2 million, a 71% rise from the same quarter in 2023. However, the North American Mining segment experienced a modest operating loss of $0.5 million, compared to a profit of $900,000 in 2023. The company expects continued improvement in operating profit and adjusted EBITDA across segments for the fourth quarter and full year 2024, driven by higher earnings in the Coal Mining and North American Mining segments, despite anticipated decreases in the Minerals Management segment due to market conditions.Significant Operating Profit Increase
Consolidated operating profit increased to $19.7 million from a loss of $6.3 million in the previous year, marking a substantial turnaround.
Coal Mining Segment Performance
Coal Mining segment reported an operating profit of $19.9 million compared to a loss of $4.7 million in the previous year, driven by improved results at Mississippi Lignite Mining Company and higher pricing at Falkirk.
Insurance Recovery Boost
The company recorded $13.6 million in business interruption insurance income related to a boiler outage at Mississippi Lignite Mining Company, significantly aiding third quarter results.
Minerals Management Growth
Minerals Management's operating profit increased by 71% to $6.2 million due to higher production volumes from assets acquired in late 2023.
North American Mining Revenue Increase
North American Mining's revenue increased by 24% year-over-year due to favorable pricing and delivery mix at limestone quarries.
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NC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $29.22 | $31.09 | +6.40% |
| Jul 31, 2024 | $29.65 | $28.27 | -4.65% |
| May 01, 2024 | $26.94 | $30.99 | +15.03% |
| Mar 06, 2024 | $31.93 | $29.77 | -6.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NACCO Industries (NC) report earnings?
NACCO Industries (NC) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is NACCO Industries (NC) earnings time?
NACCO Industries (NC) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NC EPS forecast?
Currently, no data Available
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