Company: NC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000789933-25-000102
Chunk: 28

Company: NACCO INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 since the inception of these guarantees. We believe that the likelihood NACCO Natural Resources would be required to perform under the guarantees is remote, and no amounts related to these guarantees have been recorded.

NOTE 7—Business Segments 

Our operating segments are: (i) Utility Coal Mining, (ii) Contract Mining and (iii) Minerals and Royalties. We determine our reportable segments 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 ENDEDNINE MONTHS ENDED SEPTEMBER 30SEPTEMBER 30 2025 20242025 2024RevenuesUtility Coal Mining$19,654  $17,706 $67,519 $48,247 Contract Mining45,611  32,326 107,860 84,729 Minerals and Royalties9,313 8,849 27,483 24,843 Unallocated Items2,958 3,745 9,581 11,573 Eliminations(922)(970)(2,023)(2,102)Total$76,614  $61,656 $210,420 $167,290 Cost of salesUtility Coal Mining$21,511 $18,054 $74,408 $55,135 Contract Mining42,395 31,379 99,43277,304Minerals and Royalties1,121 1,286 4,3514,151Unallocated Items2,502 4,622 7,79011,501Eliminations(886)(