NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2025 RESULTS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
0mins
Source: PRnewswire
Q3 2025 Financial Performance: NACCO Industries reported revenues of $76.6 million, a 24% increase from Q3 2024, with gross profit rising 38% to $10.0 million. However, operating profit decreased to $6.8 million due to a prior year's business interruption insurance income of $13.6 million.
Segment Performance: The Contract Mining and Minerals and Royalties segments showed significant year-over-year improvements, while the Utility Coal Mining segment faced challenges, including a decline in operating profit attributed to lower contractually determined sales prices.
Future Outlook: NACCO anticipates steady demand in its Utility Coal Mining segment and expects improvements in profitability for 2026, driven by operational efficiencies and new contracts. However, a significant non-cash pension settlement charge is expected to impact net income in Q4 2025.
Investment and Growth Strategy: The company plans to invest approximately $44 million in capital expenditures for 2025 and up to $70 million in 2026, focusing on long-term growth opportunities and maintaining a strong capital structure to support cash flow growth and shareholder returns.
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Analyst Views on LAC
Wall Street analysts forecast LAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAC is 5.77 USD with a low forecast of 4.73 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
1 Buy
6 Hold
1 Sell
Hold
Current: 4.410
Low
4.73
Averages
5.77
High
8.00
Current: 4.410
Low
4.73
Averages
5.77
High
8.00
About LAC
Lithium Americas Corp. is a Canada-based lithium company. The Company focused on developing, building, and operating lithium deposits and chemical processing facilities. The Company’s flagship asset is Thacker Pass, a sedimentary-based lithium deposit located in the McDermitt Caldera in Humboldt County, in northern Nevada. The Company is focused on developing the 100%-owned Thacker Pass lithium project in northern Nevada, the United States of America. Thacker Pass is approximately 100 kilometers (km) north-northwest of Winnemucca, Nevada, approximately 33 km west-northwest of Orovada, Nevada, and 33 km due south of the Oregon border. The Thacker Pass area encompasses approximately 7,900 hectares (ha) and lies within and is surrounded by public lands. The Company's subsidiaries are LAC Management LLC, Lithium Nevada Ventures LLC, KV Project LLC and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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