NACCO Industries Reports Third Quarter 2026 Financial Results
NACCO Industries saw operating profit rise by 37 percent year-over-year in the third quarter, despite incurring $3.4 million in costs related to the curtailment of solar energy projects.
NACCO Industries reported revenue of $80.4 million for the third quarter of 2026. The company’s operating profit reached $9.3 million, marking a 37 percent increase from the same period last year, even as it absorbed $3.4 million in costs associated with the curtailment of solar development activities.
Net income declined to $10.9 million from $13.3 million in the third quarter of 2025, primarily due to increased income tax expenses. Despite the lower net income, the company’s Adjusted EBITDA grew 63 percent year-over-year to $20.4 million, driven by strong performances in the Contract Mining and Utility Coal Mining segments.
CEO J.C. Butler stated that the results reflect progress in strengthening core business segments. As of September 30, 2026, the company maintained total liquidity of $115.2 million. NACCO Industries continues to prioritize balance sheet strength by focusing on debt reduction while evaluating disciplined investment opportunities.