NACCO Industries (NC) Reports Q1 EPS of $0.88

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Go back to NACCO Industries (NC) Reports Q1 EPS of $0.88

NACCO Industries, Inc. Announces First Quarter 2020 Results

May 7, 2020 5:02 PM EDT

CLEVELAND, May 7, 2020 /PRNewswire/ -- NACCO Industries, Inc.® (NYSE: NC) today announced consolidated net income of $6.2 million, or $0.88 per diluted share, for the quarter ended March 31, 2020 compared with consolidated net income of $15.0 million, or $2.15 per diluted share for the quarter ended March 31, 2019.  The decrease in consolidated net income was primarily due to lower earnings in the Minerals Management and Coal Mining segments, modestly offset by improved earnings in the North American Mining segment and a favorable change in taxes.

The COVID-19 pandemic had a modest effect on NACCO's results of operations and... More