Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 57

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 by first identifying our operating segments, and then by assessing whether any components of these segments constitute a business for which discrete financial information is available and where segment management regularly reviews the operating results of that component. Our President and Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), utilizes Operating profit (loss) to evaluate segment performance and allocate resources. Our CODM considers actual, budgeted and forecasted Operating profit (loss) from operations on a monthly basis for evaluating the performance of each segment and making decisions about allocating capital and other resources to each segment. See Note 1 for a discussion of our reportable segments. All financial statement line items below operating profit (other income including interest expense and interest income, the provision (benefit) for income taxes and net income) are presented and discussed within this Form 10-Q on a consolidated basis. 

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The following table provides segment financial information and a reconciliation of segment results to consolidated results: THREE MONTHS ENDED MARCH 31 2025 2024RevenuesCoal Mining$19,239 $15,545 NAMining31,526 24,483 Minerals Management10,902 10,401 Unallocated Items4,400 3,262 Eliminations(496)(402)Total$65,571 $53,289 Cost of salesCoal Mining$22,570 $20,943 NAMining28,37821,671Minerals Management2,2441,364Unallocated Items3,2372,712Eliminations(512)(419)Total$55,917 $46,271 Earnings of unconsolidated operationsCoal Mining$14,463 $12,007 NAMining969 1,365 Minerals Management554 (65)Total$15,986 $13,307 Operating expenses*Coal Mining$7,341 $7,026 NAMining2,147 1,822 Minerals Management1,305 1,042 Unallocated Items7,165 5,678 Total$17,958 $15,568 Operating profit (loss) Coal Mining$3,791 $(417)NAMining1,9702,355Minerals Management7,9077,930Unallocated Items(6,002)(5,128)Eliminations1617Total$7,682 $4,757 *Operating expenses consist of Selling, general and