NACCO Industries, Inc. (NC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This call is being recorded on Thursday, May 1st, 2025. I would now like to turn the conference over to Christina Kometko, Investor Relations. Please go ahead. Thank you. Good morning, everyone, and welcome to our 2025 First Quarter Earnings Call and Webcast. Thank you for joining us this morning. I'm Christina Kometko, and I'm responsible for Investor Relations at NANCO. Joining me today are J.C. Butler, President and Chief Executive Officer, and Elizabeth Lubman, Senior Vice President and Controller. Yesterday, we published our 2025 first quarter results and filed our 10-Q. This information is available on our website. Our remarks that follow, including answers to your questions, contain forward-looking statements. These statements are subject to several risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements made here today. These risks include, among others, matters that we've described in our earnings release, 10Q, and other SEC products. We may not update these forward-looking statements until our next quarterly earnings conference call. We'll also be discussing non-GAAP information that we believe is useful in evaluating the company's operating performance. Reconciliations for these non-GAAP measures can be found in our earnings release and on our website. Now I'll turn the call over to JC for some opening remarks. JC? Thank you, Christy, and good morning, everyone. I'm pleased to report another quarter of strong financial results. Consolidated operating profit increased over 60%. While this improvement was partly offset by higher net interest expense and a reduction in other income, We still delivered a 7% increase in net income and a 14% increase in EBITDA. Christy will provide more ...