Company: NC
Filing Date: 2025-04-07
Form Type: ARS
Source: 0000789933-25-000013
Chunk: 144

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: ARS
Chunk 144
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 Balance, January 1, 2023 $ 5,783 $ 1,566 $ 23,706 $ 404,924 $ (9,013) $ 426,966 Stock-based compensation 191 — 4,966 — — 5,157 Purchase of treasury shares (91) — — (3,012) — (3,103) Net loss — — — (39,587) — (39,587) Cash dividends on Class A and Class B common stock: $0.8600 per share — — — (6,452) — (6,452) Current period other comprehensive income, net of tax — — — — (2,118) (2,118) Pension settlement, net of tax — — — — 1,398 1,398 Reclassification adjustment to net income, net of tax — — — — 79 79 Balance, December 31, 2023 $ 5,883 $ 1,566 $ 28,672 $ 355,873 $ (9,654) $ 382,340 Stock-based compensation 164 — 5,668 — — 5,832 Purchase of treasury shares (317) — — (9,627) — (9,944) Net income — — — 33,741 — 33,741 Cash dividends on Class A and Class B common stock: $0.9000 per share — — — (6,624) — (6,624) Current period other comprehensive income, net of tax — — — — (706) (706) Reclassification adjustment to net income, net of tax — — — — 308 308 Balance, December 31, 2024 $ 5,730 $ 1,566 $ 34,340 $ 373,363 $ (10,052) $ 404,947 See notes to the Consolidated Financial Statements. F-10

NOTE 1—Principles of Consolidation and Nature of Operations The accompanying 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 Resources brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through our robust portfolio of businesses. We operate under three business segments: Coal Mining, North American Mining® (