NACCO Industries (NC) Reports Q1 EPS of $0.73

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Go back to NACCO Industries (NC) Reports Q1 EPS of $0.73

NACCO Industries, Inc. Announces First Quarter 2017 Results

May 2, 2017 6:30 AM EDT

CLEVELAND, May 2, 2017 /PRNewswire/ -- NACCO Industries, Inc. (NYSE: NC) today announced consolidated net income of $5.0 million, or $0.73 per diluted share, and revenues of $168.6 million for the first quarter of 2017 compared with consolidated net income of $2.8 million, or $0.41 per diluted share, and revenues of $173.4 million for the first quarter of 2016.

While North American Coal's Centennial mining operations in Alabama have ceased, certain wind-down and reclamation activities are continuing. Because Centennial no longer has active mines, management believes presenting the 2017 and 2016 reported U.S. GAAP financial results on an adjusted basis to exclude... More