NACCO Industries (NC) Q2 FY26 earnings call

NACCO Industries delivered strong operational results across its core mining and natural resources businesses, reflected in significant gross profit and adjusted EBITDA growth. However, these gains were overshadowed by a $12 million impairment charge on solar development projects, prompting a reassessment of capital allocation outside established platforms. Management emphasized a disciplined investment approach, prioritizing balance sheet strength and high-return opportunities.