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Nacco posts 4Q profit

CLEVELAND (AP) _ Nacco Industries Inc. (NC) on Wednesday reported fourth-quarter earnings of $24.1 million.

On a per-share basis, the Cleveland-based company said it had profit of $3.53. Earnings, adjusted for non-recurring costs, were $3.80 per share.

The small appliance maker posted revenue of $284.2 million in the period.

For the year, the company reported profit of $29.6 million, or $4.32 per share. Revenue was reported as $856.4 million.

Nacco shares have dropped 26 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $67.45, a climb of 32 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NC at https://www.zacks.com/ap/NC


Keywords: Nacco, Earnings Report