NACCO INDUSTRIES ANNOUNCES SECOND QUARTER 2026 RESULTS

About this update from Nacco Industries, Inc.

CLEVELAND, Aug. 5, 2026 /PRNewswire/ --Consolidated Q2 2026 Highlights:Gross profit of $15.2 million improved 123% over Q2 2025 on 6% revenue increaseOperating loss of $2.3 million includes $12.0 million of solar asset impairment charges Net loss of $1.0 million, or $0.13 per share, versus Q2 2025 net income of $3.3 million, or $0.44 per shareAdjusted EBITDA of $15.9 million up 72% over Q2 2025; down 3% sequentiallyNACCO Industries® (NYSE: NC) today announced consolidated results for the three and six months ended June 30, 2026."NACCO delivered significant year-over-year improvement in both gross profit and Adjusted EBITDA," said J.C. Butler, NACCO President and Chief Executive Officer. "While consolidated results included asset impairment charges related to solar projects, underlying momentum across our segments during the first half of 2026 remained strong. We expect operating performance to moderate in the second half, but the growth opportunities underway and our disciplined capital criteria give us confidence in our trajectory as we move into 2027. We will continue to focus on executing our business plan, strengthening our balance sheet and creating long-term value for our shareholders."Three Months Ended($ in thousands, except per share amounts)6/30/20266/30/2025Year/Year% Change3/31/2026Sequential % ChangeRevenues$   72,310$  68,2356 %$  62,77515 %Gross profit$   15,202$    6,820123 %$  14,2916 %Asset impairment charges$   11,984$         —**n/m$         —**n/mOperating profit (loss)$    (2,267)$        (51)**n/m$  11,016(121) %Net Income (loss)$       (963)$    3,260(130) %$    8,836**n/mDiluted EPS$      (0.13)$      0.44(130) %$      1.17**n/mConsolidated Adjusted EBITDA*$   15,908$    9,25972 %$  16,397(3) %*Non-GAAP financial measures are defined and reconciled on page 8. / ** n/m = not meaningfulStrong second-quarter 2026 performance across each reportable segment led to substantial year-over-year improvements in gross profit. This strong operating performance was more than offset by impairment charges related to certain solar development proj...

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