Company: NC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000789933-25-000102
Chunk: 12

Company: NACCO INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 — — (1,691)— (1,691)Reclassification adjustment to net income, net of tax— — — — 109 109 Balance, March 31, 2025$5,877 $1,566 $35,718 $375,899 $(9,943)$409,117 Stock-based compensation9 — 2,505 — — 2,514   Conversion of Class B to Class A shares2 (2)— Net income— — — 3,260 — 3,260 Cash dividends on Class A and Class B common stock: $0.2525 per share— — — (1,879)— (1,879)Reclassification adjustment to net income, net of tax— — — — 108 108 Balance, June 30, 2025$5,888 $1,564 $38,223 $377,280 $(9,835)$413,120 Stock-based compensation8 — 1,793 — — 1,801 Net income— — — 13,254 — 13,254 Cash dividends on Class A and Class B common stock: $0.2525 per share— — — (1,882)— (1,882)Reclassification adjustment to net income, net of tax— — — — 109 109 Balance, September 30, 2025$5,896 $1,564 $40,016 $388,652 $(9,726)$426,402 

See notes to Unaudited Condensed Consolidated Financial Statements. 

6

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025 

(In thousands, except as noted and per share amounts) 

NOTE 1—Nature of Operations and Basis of Presentation

The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of NACCO Industries, Inc.® (NACCO) and its wholly owned subsidiary, NACCO Natural Resources Corporation® (NACCO Natural Resources and with NACCO collectively, the Company, we, our or us). NACCO Natural