Nacco industries announces first quarter 2022 results

First quarter nacco consolidated highlights: operating profit increased to $14.9 million, up from $8.3 million in q1 2021 primarily due to significantly improved earnings in the minerals management segment net income increased to $12.6 million, up 40.4% from $9.0 million in q1 2021 ebitda increased to $21.4 million, up 48.0% from q1 2021 diluted earnings per share increased to $1.72/share from $1.25/share in q1 2021 cleveland , may 4, 2022 /prnewswire/ -- nacco industries® (nyse: nc) today announced consolidated operating profit of $14.9 million and net income of $12.6 million, or $1.72 per diluted share, for the first quarter of 2022 compared with consolidated operating profit of $8.3 million and net income of $9.0 million, or $1.25 per diluted share, for the first quarter of 2021. improvements in the company's consolidated operating profit, consolidated ebitda and net income were due to significantly higher earnings in the minerals management segment.
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