Nacco industries announces second quarter 2022 results

Second quarter nacco consolidated highlights: income before income tax increased to $45.1 million, up from $9.4 million in q2 2021 primarily due to receipt of $30.9 million of contract termination settlement assets and significantly improved earnings in the minerals management segment net income increased to $37.2 million, up from $6.5 million in q2 2021 adjusted ebitda increased to $21.0 million, up 37.0% from q2 2021 diluted earnings per share increased to $5.07/share from $0.91/share in q2 2021 cleveland , aug. 3, 2022 /prnewswire/ -- nacco industries® (nyse: nc) today announced consolidated operating profit of $29.7 million and net income of $37.2 million, or $5.07 per diluted share, for the second quarter of 2022 compared with consolidated operating profit of $8.7 million and net income of $6.5 million, or $0.91 per diluted share, for the second quarter of 2021. in may 2022, great river energy ("gre") completed the sale of the coal creek station power plant and the adjacent high-voltage direct current transmission line to rainbow energy center, llc and its affiliates.
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