Brief: Nacco Industries Reports Q4 Earnings Per Share Of $0.91

NACCO Industries

04/03/2020 22:45

March 4 (Reuters) - NACCO Industries Inc  NC.N :
    * NACCO INDUSTRIES, INC. ANNOUNCES FOURTH QUARTER AND
FULL-YEAR
2019 RESULTS
    * Q4 EARNINGS PER SHARE $0.91
    * Q4 REVENUE $26.9 MILLION
    * NACCO INDUSTRIES - IN 2020, CO EXPECTS COAL DELIVERIES TO
INCREASE MODESTLY COMPARED WITH 2019
    * COAL MINING OPERATING PROFIT IS EXPECTED TO INCREASE IN
2020
OVER 2019
    * CAPITAL EXPENDITURES ARE EXPECTED TO BE APPROXIMATELY $24
MILLION IN 2020
    * EXPECTS HIGH LEVELS OF CAPITAL EXPENDITURES IN 2020 AND
2021
    * NACCO INDUSTRIES - CAPITAL EXPENDITURES WILL RESULT IN
INCREASE
IN DEPRECIATION THAT WILL UNFAVORABLY AFFECT OPERATING PROFIT IN
FUTURE PERIODS.
    * NACCO INDUSTRIES - IN 2020, NORTH AMERICAN MINING EXPECTS
LIMESTONE DELIVERIES TO INCREASE
    * NACCO INDUSTRIES - IN 2020, NORTH AMERICAN MINING EXPECTS
FY
OPERATING RESULTS TO IMPROVE SIGNIFICANTLY OVER 2019
    * IN 2020, CO EXPECTS MODEST DECREASE IN OPERATING PROFIT
COMPARED
WITH 2019
    * NACCO INDUSTRIES - CONSOLIDATED NET INCOME IN 2020 IS
EXPECTED
TO DECREASE COMPARED WITH 2019

Source text for Eikon:  ID:nPncbn32da 
Further company coverage:  NC.N 

 ((Reuters.Briefs@thomsonreuters.com;))