Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 8

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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' equity Common stock: Class A, par value $1 per share, 5,876,777 shares outstanding (December 31, 2024 - 5,730,470 shares outstanding)5,877  5,730 Class B, par value $1 per share, convertible into Class A on a one-for-one basis, 1,565,353 shares outstanding (December 31, 2024 - 1,565,359 shares outstanding)1,566  1,566 Capital in excess of par value35,718  34,340 Retained earnings375,899  373,363 Accumulated other comprehensive loss(9,943) (10,052)Total stockholders' equity409,117  404,947 Total liabilities and equity$634,187  $631,687 

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 OPERATIONS

 THREE MONTHS ENDED MARCH 312025 2024 (In thousands, except per share data)Revenues$65,571 $53,289 Cost of sales55,917 46,271 Gross profit9,654 7,018 Earnings of unconsolidated operations15,986 13,307 Operating expensesSelling, general and administrative expenses17,868 15,453 Amortization of intangible assets162 126 Gain on sale of assets(72)(11)17,958 15,568 Operating profit7,682 4,757 Other expense (income)Interest expense1,774 1,111 Interest income(865)(1,127)Closed mine obligations473 455 Loss (gain) on equity securities870 (1,041)Other, net303 (214) 2,555 (816)Income before income tax provision5,127 5,573 Income tax provision227 1,003 Net income$4,900 $4,570  Earnings per share:Basic earnings per share$0.67 $0.61 Diluted earnings per share$0.66 $0.61  Basic weighted average shares outstanding7,363 7,452