NACCO Industries, Inc. (NC) has reported a 33.39 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $24.13 million, or $3.53 a share in the quarter, compared with $18.09 million, or $2.63 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $25.93 million, or $3.80 a share compared with $22.78 million or $3.32 a share, a year ago.
Revenue during the quarter went down marginally by 0.80 percent to $284.22 million from $286.52 million in the previous year period. Gross margin for the quarter expanded 366 basis points over the previous year period to 25.90 percent. Total expenses were 89.31 percent of quarterly revenues, down from 92.48 percent for the same period last year. This has led to an improvement of 318 basis points in operating margin to 10.69 percent.
Operating income for the quarter was $30.39 million, compared with $21.54 million in the previous year period.
However, the adjusted operating income for the quarter stood at $33.26 million compared to $29.06 million in the prior year period. At the same time, adjusted operating margin improved 156 basis points in the quarter to 11.70 percent from 10.14 percent in the last year period.
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