you. Thank
and XXXX everyone, call. quarter to welcome morning, fourth our earnings Good
am am NACCO I Kmetko, for I and at responsible Christina Investor Relations Industries.
of open up I a call for business -- be the and our questions. overview outlook, will be and quarterly I I'll then your results will brief providing
results President fourth are Controller. available filed Loveman, Officer NACCO's and and President Chief and of quarter Coal; both of me today release at and America Elizabeth Joining NACCO we on nacco.com. and our published Yesterday, XXXX J.C. Butler, Copies earnings XX-K. Executive and North website our our Vice our are XX-K
For anyone, and approximately XX this entire of webcast today's who will months. be available to for website is afternoon able listen on an this version to call, archived our not later
like we the uncertainties those remind These statements. of to materially cause are I As our all. quarterly this the contain differ prepared may until conference certain risks update not participants next would forward-looking updated could forward-looking disclaim number to if a forward-looking in We call, statements, remarks in obligation these begin, call any be results and subject either today question-and-answer session. during to which statements actual that expressed following our or that from may made conference at here statements to
in Additional information XX-K. our and in regarding release these risks earnings and forth uncertainties were our set
have I about formalities quarter. done, that the talk Now let's the
and we Collection our call, businesses spinoff third successfully on XXXX. Hamilton our As quarter XX, on of Kitchen the discussed brands completed housewares-related we of September Beach tax-free
reflects results discontinued on and post-spin housewares earnings ongoing release exclude will XXXX and the operations. this housewares our Today's result business. our operations, income business and business' in As discussion the spin, a of continuing as only information XXXX the XX-K from focus as reflect operating the financial
as consolidated results and taxes pretax addition, at level. and net the income quarter, segment I discuss to explained will then I last In income cover
the with our improvements resolution increase and in Mississippi lower the improvement and in These as due results charge higher $X.XX per include a last share, earnings of to the Mining was benefit for $X.X Mississippi our from income at of provisional tax of mining in compares increased the offset reported business, Lignite's to operating discuss fourth year. diluted million in and quarter income, cost consolidated last primarily partly share quarter. Company. operations Yesterday, unconsolidated a to ton the operation our $X.X consolidated related million from $X.X results million matter. of were per Now which results a pretax an continuing our tax in increased. million year. substantially tons well The and million of North Centennial expenses related reduction non-recurrence as continuing loss because royalty the share U.S. per let This me a $X.X $X.XX in operations loss $X.XX we the or per American or increase of $X.X $X.X declined fewer delivered other At of an XXXX XXXX reform. Coal by from delivered legal Lignite million income to or fourth expense were lease
continuing income million. basis, operations the partially tax reclamation employee-related of operations Bellaire offset million prior reported revisions benefit a to loss estimated of other loss $X.X year a of million continuing with and a increased of an due segment for primarily from On from continuing $X.X pretax of operation long-term from fourth we the loss $X.X and NACCO million costs. The mine by income lower reported fourth Our quarter compared quarter. pretax of quarter expenses, the XXXX consolidated $X.X in in our
and income provision an tax full $XXX,XXX. reported the on we operations $XX.X continuing income before million income year, continuing tax of consolidated For from of operations
a continuing a or rate allocate quarter and to expense XXXX effective discontinuing future our of is income year full tax U.S. the indicative to not operations, tax income the result between expectations. of our tax follow fourth had in of and as the As reform, result benefit we accounting, our we reported meaningful
XXXX royalty in a of Looking with Centennial the mine effective revenue. million included $X.X decreased of reclamation consolidated income favorable $X.X tax gains consolidated we higher adjustment forward, we as expect to expect compared range a XXXX basis, as results year, XX%. on assets last sales rate and of X% the On as income to well liability million our pretax
XXXX demand lower operating expect improvements consolidated Mining royalty Lignite Mississippi income. items, year power an with in customer by partially other These our at substantial are a result and we and improved XXXX both income mining compared XXXX, increase customer's favorable operations is expected a and primarily levels are historical these return mining as Excluding expense. to days At in last expected Company's operations, to unconsolidated be because to expenses, as offset plant. anticipated to pretax of income outage expected reduced to reduction anticipated results decrease of our improve over an consolidated XXXX interest result the at full-year
year of to plant the a half majority days the power outage occur the year. these of number the expected in is are second of total plant expected to outage While days of outage -- full for decline,
pretax result, XXXX. a in of to expected income year in of half half Lignite while is XXXX, first first the of expected half is Mining Company's Mississippi to the half second over the comparable pretax income to increase As the of the be 'XX second
Fuels unconsolidated our at in higher our to Mining's due be We Liberty operations. part expect that American and XXXX, will unconsolidated limerock North at mining fees from increases modestly in mining operations higher income
One discuss expecting wrap-up year. additional Bisti's last is lower owners XXXX the operating plant I a plant. environmental expected the But additional operation controls like the I'd to the income results. the mining item is year installed to comparable overall, Fuels Bisti while serves it Our year, start be full power pretax of to to at before
The lignite seen customer reclamation. have cease mines already XXXX, X, Fuels our commence mine may terms of that is all final Fuels specify delivery of mining responsible mine as Power Liberty to Mississippi our and mine permanently closure with to closure. you for Power the is complete February Mississippi on our Mississippi and specified costs contracted instructed Power Liberty As all and to contract
affect for for We customer's will does services. decision American Overall, receive not does close Fuels, it the mine compensation long-term XXXX mine. these negatively earnings from but earnings Liberty our potential unfavorably the Coal's impact this North to outlook
our cash regarding balance Lastly, sheet. and our
Board North we quarter ended capital activities XXXX, $XXX.X debt with million, cash in to on common We XXXX, program the Coal. February substantially program expire million expect hand in of $XX.X an on and of expenditures Class part American consolidated financing stock. Overall, stock to net will fourth December at to flow $XX up outstanding buyback of Also, a authorized million. due XX, to decrease This our cash Directors XXXX. cash increase A million before of $XX.X purchase in our in of
authorized expired That I will at share of concludes XXXX. call program up your repurchase Our the now questions. my for the end previously open prepared remarks.
