Company: NC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000789933-25-000041
Chunk: 71

Company: NACCO INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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, President Trump has directed various federal agencies to further evaluate key aspects of U.S. trade policy and there has been ongoing discussion and commentary regarding potential significant changes to U.S. trade policies, treaties and tariffs. There continues to exist significant uncertainty about the future relationship between the U.S. and other countries with respect to such trade policies, treaties and tariffs. These developments, or the perception that any such policies, treaties or tariffs could be implemented, could restrict our access to suppliers and increase the cost of equipment and supplies imported into the U.S.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Refer to the discussion of our Critical Accounting Policies and Estimates as disclosed on pages 50 through 51 in our Annual Report on Form 10-K for the year ended December 31, 2024. Our Critical Accounting Policies and Estimates have not materially changed since December 31, 2024.

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CONSOLIDATED FINANCIAL SUMMARY

Our results of operations were as follows for the three and six months ended June 30:

THREE MONTHSSIX MONTHS 2025 20242025 2024Revenues:   Utility Coal Mining$28,626 $14,996 $47,865 $30,541    Contract Mining30,723 27,920 62,249 52,403    Minerals and Royalties7,268 5,593 18,170 15,994    Unallocated Items2,223 4,566 6,623 7,828    Eliminations(605)(730)(1,101)(1,132)Total revenue$68,235  $52,345 $133,806 $105,634 Operating (loss) profit:   Utility Coal Mining$1,222  $2,767 $5,013 $2,350    Contract Mining1,010  3,085 2,980 5,440    Minerals and Royalties5,205 7,591 13,112 15,521    Unallocated Items(7,491)(6,080)(13,493)(11,208)   Eliminations3 3 19 20 Total operating (loss) profit(51) 7,366 7,631 12,123    Interest expense1,944  1,311 3,718 2,422    Interest income(770)(1,038