Lithium Americas Corp

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• NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2024 RESULTS, from 4:52PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:52PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: NC, LAC, LAC
  (loss) (6,888) 7,425 20,692 72 (21) 21,280 Earnings of unconsolidated operations 37,834 3,935 286 (1) -- 42,054 Business interruption insurance recoveries 13,612 -- -- -- -- 13,612 (Gain) loss on sale of assets (87) (302) (4,512) (8) -- (4,909) Operating expenses* 22,357 6,696 3,781 17,199 -- 50,033 --------------- --------------- --------------- --------------- ---------------- --------------- Operating profit (loss) $ 22,288 $ 4,966 $ 21,709 $ (17,120) $ (21) $ 31,822 =============== =============== =============== =============== ================ =============== Segment Adjusted EBITDA** --------------- Operating profit (loss) $ 22,288 $ 4,966 $ 21,709 $ (17,120) $ (21) $ 31,822 Depreciation, depletion and amortization 7,264 7,362 3,408 916 -- 18,950 --------------- --------------- --------------- --------------- ---------------- --------------- Segment Adjusted EBITDA** $ 29,552 $ 12,328 $ 25,117 $ (16,204) $ (21) $ 50,772 =============== =============== =============== =============== ================ =============== Nine Months Ended September 30, 2023 ----------------------------------------------------------------------------------------------------- North American Minerals Unallocated Coal Mining Mining Management Items Eliminations Total --------------- --------------- --------------- --------------- ---------------- --------------- (In thousands) Revenues $ 65,661 $ 64,071 $ 23,203 $ 6,785 $ (1,683) $ 158,037 Cost of sales 85,966 58,411 3,026 4,675 (1,631) 150,447 --------------- --------------- --------------- --------------- ---------------- --------------- Gross profit (loss) (20,305) 5,660 20,177 2,110 (52) 7,590 Earnings of unconsolidated operations 33,687 3,975 -- -- -- 37,662 (Gain) loss on sale of assets (168) -- 87 -- -- (81) Operating expenses* 22,609 5,725 3,147 16,555 -- 48,036 --------------- --------------- --------------- --------------- ---------------- --------------- Operating profit (loss) $ (9,059) $ 3,910 $ 16,943 $ (14,445) $ (52) $ (2,703) =============== =============== =============== =============== ================ =============== Segment Adjusted EBITDA** --------------- Operating profit (loss) $ (9,059) $ 3,910 $ 16,943 $ (14,445) $ (52) $ (2,703) Depreciation, depletion and amortization 12,924 5,799 2,328 378 -- 21,429 --------------- --------------- --------------- --------------- ---------------- --------------- Segment Adjusted EBITDA** $ 3,865 $ 9,709 $ 19,271 $ (14,067) $ (52) $ 18,726 =============== =============== =============== =============== ================ =============== * Operating expenses consist of Selling, general and administrative expenses and Amortization of intangible assets. ** Segment Adjusted EBITDA is a non-GAAP measure and should not be considered in isolation or as a substitute for GAAP measures. NACCO defines Segment Adjusted EBITDA as operating profit (loss) before depreciation, depletion and amortization expense. Segment Adjusted EBITDA is not a measure under U.S. GAAP and is not necessarily comparable with similarly titled measures of other companies.