NACCO Industries Stock Price, News & Analysis

NACCO Industries announced a regular cash dividend of 19.75 cents per share, affecting both Class A and Class B Common Stock. This dividend will be payable on September 15, 2021, to stockholders recorded by the close of business on August 31, 2021. This move highlights NACCO's commitment to returning value to its shareholders. The company's diverse portfolio in natural resources supports its financial stability, allowing it to sustain dividend payments.

NACCO Industries reported Q2 2021 financial results showing a consolidated operating profit of $8.7 million, up 93.4% year-over-year. Net income rose to $6.5 million or $0.91/share, a 7.5% increase. Adjusted EBITDA increased to $15.3 million (+39.4%). Significant improvements stemmed from the Minerals Management segment and a new brand identity was launched.

However, the company anticipates a moderate decrease in coal deliveries for the latter half of 2021 due to shifting customer demands. Overall, management remains optimistic about growth strategies.

NACCO Industries (NYSE: NC) has announced the launch of NACCO Natural Resources, which will unify its diverse businesses under one brand. The initiative includes new logos and dedicated websites for each business, emphasizing their unique identities while linking back to the company’s legacy. This strategic rebranding aims to enhance visibility and streamline operational focus. President J.C. Butler highlighted the importance of this move in reinforcing the company's commitment to its core strategies: Protect the Core and Grow and Diversify.

NACCO Industries (NYSE: NC) will announce its 2021 Second Quarter financial results on August 4, 2021, after market close. The company will also host a conference call on August 5, 2021, at 8:30 a.m. ET to discuss these results. Investors can register for the call online, and a replay will be available after the live discussion. NACCO operates in coal mining, North American mining, and minerals management, generating income through long-term contracts and royalty payments.

NACCO Industries, Inc. (NYSE: NC) announced a new Coal Sales Agreement (CSA) with Rainbow Energy Center, LLC, effective upon Rainbow's acquisition of the Coal Creek Station power plant in North Dakota. This agreement will ensure Falkirk Mining Company continues supplying lignite coal, critical for the plant's operations. The CSA guarantees a management fee for Falkirk while Rainbow funds mine operations and reclamation costs. The contract's initial term spans ten years, with possible extension. Following the transition, GRE will compensate Falkirk with $14 million and other assets.

NACCO Industries (NC) announced the termination of its contract mining agreement with the Navajo Transitional Energy Company (NTEC), effective September 30, 2021. NTEC will take over operations at the Navajo Mine, responsible for all liabilities, including reclamation. NACCO expects a termination fee of approximately $10 million. While the termination won't significantly affect NACCO's 2021 outlook, it will negatively impact long-term earnings, as the contract was set to expire in 2031. Bisti Fuels, a NACCO subsidiary, reported annual pre-tax earnings of $4.5 to $5.8 million from 2017-2020.

NACCO Industries announced a dividend increase from 19.25 cents to 19.75 cents per share, effective June 15, 2021. This dividend applies to both Class A and Class B Common Stock and reflects an annual rate of $0.79 per share. Shareholders of record by June 1, 2021, will receive the new dividend. NACCO operates in mining and natural resources through segments including Coal Mining, North American Mining, and Minerals Management, generating income from various resources.

NACCO Industries reported a consolidated operating profit of $8.3 million for Q1 2021, up 9.9% year-over-year. Net income rose to $9.0 million, marking a 45.3% increase, with diluted earnings per share at $1.25, compared to $0.88 in Q1 2020. Improvements were driven by better earnings in the Coal Mining segment, despite lower earnings in North American Mining and increased employee-related expenses. The company's cash stood at $79.1 million with $44.4 million in debt. However, they anticipate a decrease in coal operating profit for 2021 due to expected lower earnings at Mississippi Lignite Mining Company.

NACCO Industries, Inc. (NYSE: NC) will release its 2021 First Quarter financial results and file its Form 10-Q on May 5, 2021. A conference call to discuss these results will be held on May 6, 2021, at 8:30 a.m. Eastern Time. Interested parties can register for the call via the provided link or listen to a live webcast on the company's Investor Relations website. A replay of the call will be available post-event. NACCO operates in coal mining and other natural resources segments, focusing on generating income from various mineral interests.