NACCO Industries Inc Reports Significant Loss in Q4 Due to Asset Impairment Charge [Yahoo! Finance]
NACCO Industries, Inc. (NC)
US:NYSE Investor Relations:
nacco.com/investor-relations/investor-relations-home/default.aspx
Company Research
Source: Yahoo! Finance
Net Loss : Net loss for Q4 stood at $44.0 million compared to a net income of $13.8 million in Q4 2022. Adjusted EBITDA : Adjusted EBITDA for the quarter was $7.1 million, excluding the asset impairment charge, down from $23.6 million year-over-year. Asset Impairment : A non-cash asset impairment charge of $65.9 million was recorded due to an outage at the Red Hills Mine's power plant. Coal Mining Outlook : Despite a challenging 2023, NACCO Industries Inc anticipates modest increases in coal deliveries and improved profitability in 2024. Capital Expenditures : Expected to be approximately $69 million for 2024, with a focus on growth and diversification. Consolidated Outlook : The company forecasts a return to net income in 2024 after a substantial net loss in 2023. Warning! GuruFocus has detected 4 Warning Sign with NC. On March 6, 2024, NACCO Industries Inc ( NYSE:NC ) released its 8-K filing , detailing a challenging fourth quarter and full year for 2023. The company,
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News
- Jeff Martin Auctioneers to Manage Sale of Sabine Mining Company Assets for North American CoalPR Web
- Jeff Martin Auctioneers to Manage Sale of Sabine Mining Company Assets for North American Coal [Yahoo! Finance]Yahoo! Finance
- NACCO INDUSTRIES ANNOUNCES DATES OF 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALLPR Newswire
- NACCO Industries: Back To Profit In 2024, Shares Look Cheap (Rating Upgraded) [Seeking Alpha]Seeking Alpha
- NACCO Industries, Inc. (NYSE: NC) was downgraded by analysts at TheStreet from a "b-" rating to a "c+" rating.MarketBeat
NC
Analyst Actions
- 3/8/24 - TheStreet
NC
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEF
- 4/3/24 - Form 4
- NC's page on the SEC website