Nacco industries announces fourth quarter and full year 2022 results

Nacco consolidated highlights: q4 2022 consolidated operating profit increased to $15.5 million, up 43.7% over q4 2021 q4 2022 consolidated net income increased to $13.8 million, or $1.84/share, up from $7.8 million, or $1.07/share, in q4 2021 q4 2022 ebitda increased to $23.6 million, up 32.9% over q4 2021 fy 2022 consolidated net income increased to $74.2 million, or $10.06/share, up from $48.1 million, or $6.69/share fy 2022 adjusted ebitda, which excludes impairments and contract termination income, increased 24.4% from 2021 to $88.2 million cleveland , march 15, 2023 /prnewswire/ -- nacco industries® (nyse: nc) today announced the following consolidated results for the three months and year ended december 31, 2022: three months ended year ended ($ in thousands except per share amounts) 12/31/22 12/31/21 % change 12/31/22 12/31/21 % change operating profit $15,541 $10,818 43.7 % $69,986 $55,410 26.3 % net income $13,782 $7,822 76.2 % $74,158 $48,125 54.1 % diluted earnings/share $1.84 $1.07 72.0 % $10.06 $6.69 50.4 % adjusted ebitda $23,640 $17,786 32.9 % $88,181 $70,872 24.4 % improvements in the company's 2022 fourth-quarter and full-year consolidated operating profit, net income and adjusted ebitda were primarily due to a significant increase in earnings in the minerals management segment partly offset by a substantial decrease in operating profit at the coal mining segment. non-gaap financial measures are defined and reconciled on pages 9 to 11.
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