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Nacco Industries Inc. - NC STOCK NEWS

Welcome to our dedicated news page for Nacco Industries (Ticker: NC), a resource for investors and traders seeking the latest updates and insights on Nacco Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nacco Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nacco Industries's position in the market.

Rhea-AI Summary
NACCO Industries (NC) reported a significant decline in operating profit and net income for Q4 2023 due to a non-cash asset impairment charge and lower operating results in Coal Mining and Minerals Management segments. The company anticipates a positive full-year net income in 2024 despite challenges at the Red Hills Power Plant affecting customer demand. The outlook includes improved results at Mississippi Lignite Mining Company and higher earnings at Falkirk and Coteau.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
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Rhea-AI Summary
NACCO Industries® (NC) will announce its 2023 Fourth Quarter and Full Year financial results on March 6, 2024, followed by a conference call on March 7, 2024. The call details are provided for investors to participate and listen to the discussion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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-
Rhea-AI Summary
NACCO Industries (NC) declares a regular cash dividend of 21.75 cents per share for both Class A and Class B Common Stock, payable on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
dividends
Rhea-AI Summary
NACCO Industries (NYSE: NC) declares a cash dividend of 21.75 cents per share and announces a new stock repurchase program. The dividend is payable on both Class A and Class B Common Stock, to be paid on December 15, 2023. The new stock repurchase program allows for the purchase of up to $20 million of the Company's outstanding Class A Common Stock through December 31, 2025. Since the prior program's adoption in November 2021, the Company has spent approximately $1.5 million to buy around 45,000 shares of Class A Common Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
Tags
buyback dividends
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Rhea-AI Summary
NACCO Industries reported a consolidated net loss of $3.8 million in Q3 2023, compared to a net income of $10.6 million in Q3 2022. The decrease in earnings was primarily due to lower earnings in the Coal Mining and Minerals Management segments. The Company expects a modest income before tax and net income in Q4 2023, with projections for significant full-year 2024 income improvement compared to 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
-
Rhea-AI Summary
NACCO Industries® will release its 2023 Third Quarter financial results on November 1, 2023, followed by a conference call on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
Rhea-AI Summary
NACCO Industries declares regular cash dividend of 21.75 cents per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
dividends
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Rhea-AI Summary
NACCO Industries reported a decrease in consolidated income before taxes to $3.3 million in Q2 2023 from $45.1 million in Q2 2022. Consolidated net income also decreased to $2.5 million, or $0.34/share, from $37.2 million, or $5.07/share, in Q2 2022. Adjusted EBITDA decreased to $9.2 million from $21.0 million in Q2 2022. The Coal Mining segment experienced a significant decline in results due to lower volumes, increased costs, and operational inefficiencies. North American Mining and Minerals Management segments showed improvements in operating profit and Segment Adjusted EBITDA. The Company expects consolidated results to continue to decrease in Q3 2023 before improving in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
dividends
Nacco Industries Inc.

NYSE:NC

NC Rankings

NC Stock Data

210.51M
3.11M
33.23%
44.17%
0.14%
Bituminous Coal and Lignite Surface Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Cleveland

About NC

nacco industries, inc., headquartered in cleveland, ohio, is an operating holding company with subsidiaries in the following principal industries: mining, small appliances and specialty retail. the north american coal corporation mines steam coal primarily for use in power generation and provides selected value-added mining services for other natural resources companies. hamilton beach brands, inc. is a leading designer, marketer and distributor of small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. the kitchen collection, llc is a national specialty retailer of kitchenware in outlet and traditional malls throughout the united states. for more information about nacco, visit the company's website at www.nacco.com.