NACCO reports Q1 2026 net income up 80% despite 4% revenue drop, driven by coal and mining profit gains.

NACCO Industries posted a strong Q1 2026 with net income rising 80% to $8.8 million despite a 4% revenue decline to $62.8 million. Operating profit increased 43% to $11 million, fueled by improved performance in Utility Coal and Contract Mining segments, including a new U.S. Army Corps of Engineers project. The company plans to invest further in growth platforms, expecting continued profitability and cash flow improvements through 2026. NACCO remains confident in its long-term value creation amid stable coal demand and strategic contract expansions.