Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 9

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 Diluted weighted average shares outstanding7,447 7,515 

See notes to Unaudited Condensed Consolidated Financial Statements. 

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Table of Contents

NACCO INDUSTRIES, INC. AND SUBSIDIARIES 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

 THREE MONTHS ENDED MARCH 31 2025 2024 (In thousands)Net income$4,900 $4,570 Reclassification of pension and postretirement adjustments into earnings, net of $31 and $23 tax benefit in the three months ended March 31, 2025 and March 31, 2024, respectively.109 76 Total other comprehensive income 109 76 Comprehensive income$5,009 $4,646 

See notes to Unaudited Condensed Consolidated Financial Statements. 

4

NACCO INDUSTRIES, INC. AND SUBSIDIARIES 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 THREE MONTHS ENDED MARCH 31 2025 2024 (In thousands)Operating activities   Net cash provided by (used for) operating activities $5,023  $(9,758)Investing activities   Expenditures for property, plant and equipment and acquisition of mineral interests (8,808) (14,483)Proceeds from the sale of property, plant and equipment72 11 Other207 (163)Net cash used for investing activities (8,529) (14,635)    Financing activities   Additions to long-term debt1,096  1,327 Reductions of long-term debt(1,153) (1,295)Net (reductions) additions to revolving credit agreements(5,000) 7,000 Cash dividends paid(1,691) (1,630)Purchase of treasury shares(695)(4,274)Net cash (used for) provided by financing activities (7,443) 1,128 Cash and cash equivalents   Total decrease for the period(10,949) (23,265)Balance at the beginning of the period72,833  85,109 Balance at the end of the period$61,884  $61,844 

See notes to Unaud