Company: NC
Filing Date: 2025-04-07
Form Type: ARS
Source: 0000789933-25-000013
Chunk: 141

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: ARS
Chunk 141
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,958) Other, net 345 (3,985) 2,059 (5,979) Income (loss) before income tax benefit 33,646 (64,158) Income tax benefit (95) (24,571) Net income (loss) $ 33,741 $ (39,587) Earnings (loss) per share: Basic earnings (loss) per share $ 4.58 $ (5.29) Diluted earnings (loss) per share $ 4.55 $ (5.29) Basic weighted average shares outstanding 7,363 7,478 Diluted weighted average shares outstanding 7,411 7,478 See notes to the Consolidated Financial Statements. F-6

NACCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME Year Ended December 31 2024 2023 (In thousands) Net income (loss) $ 33,741 $ (39,587) Other comprehensive (loss) income Current period pension and postretirement plan adjustment, net of $205 and $615 tax benefit in 2024 and 2023, respectively (706) (2,118) Pension settlement, net of $417 tax benefit in 2023 — 1,398 Reclassification of pension and postretirement adjustments into earnings, net of $89 and $24 tax benefit in 2024 and 2023, respectively 308 79 Total other comprehensive loss (398) (641) Comprehensive income (loss) $ 33,343 $ (40,228) See notes to the Consolidated Financial Statements. F-7

NACCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS December 31 2024 2023 (In thousands, except share data) ASSETS Current assets Cash and cash equivalents $ 72,833 $ 85,109 Trade accounts receivable 49,706 37,429 Accounts receivable from affiliates 5,793 7,860 Inventories 94,608 77,000 Assets held for sale 14,159 6,466 Other current assets 27,639 18,134 Total current assets 264,738 231,998 Property, plant and equipment, net 259,457 223,902 Intangibles, net 5,475 6,006 Deferred income taxes 14,641 15