NACCO INDUSTRIES INC

Listed Company

NCCIK 0000789933NYSEAcceleratedSmaller ReportingBituminous Coal & Lignite Surface MiningDelawareFY ends Dec 31

Period

FY 2025

Revenue

$277.20M

Net Income

$17.57M

Total Assets

$661.23M

Equity

$429.24M

Shares Out

—

Op. Cash Flow

$50.91M

Business

NACCO INDUSTRIES INC operates natural resources businesses that deliver aggregates, industrial minerals, coal for power generation, fuels and environmental solutions. It provides surface coal mining under long-term contracts, contract mining services for aggregates, activated carbon, lithium and other minerals, and acquires and manages mineral and royalty interests while offering mitigation, reclamation and energy development services. The company reports through three principal segments—Coal Mining, North American Mining (NAMining) and Minerals Management—and also includes Catapult Mineral Partners, Mitigation Resources and ReGen Resources. NACCO conducts operations across the United States and distributes products and services primarily to electric utilities, producers of aggregates and third‑party oil, gas and mining operators through long-term supply, management and lease arrangements.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	277	238	215	242	192
Cost of sales	239	208	200	174	148
Gross profit	38	30	15	68	43
Earnings of unconsolidated operations	62	57	50	57	61
Business interruption insurance recoveries	0	14	0	—	—
Selling, general and administrative expenses	78	70	66	64	56
Amortization of intangible assets	800,000	500,000	3	4	4
Gain on sale of assets	−286,000	−5	221,000	−2	−60,000
Operating expenses	78	65	135	—	—
Operating profit	22	36	−70	70	55
Interest expense	6	6	2	—	—
Interest income	−3	−4	−6	−1	−449,000
Closed mine obligations	457,000	2	4	1	1
Loss (gain) on equity securities	726,000	−2	−2	283,000	−3
Gain on settlement of excess funding liability	−4	0	—	—	—
Pension settlement charge	8	0	—	—	—
Other, net	738,000	345,000	−4	−3	−584,000
Other (income) expense	9	2	−6	−18	−1
Income before income tax benefit	13	34	−64	88	57
Income tax benefit	−4	−100,000	−25	14	9
Net income	18	34	−40	74	48
Basic earnings (loss) per share (in dollars per share)	2.37	4.58	−5.29	10.14	6.73
Diluted earnings (loss) per share (in dollars per share)	2.35	4.55	−5.29	10.06	6.69
Basic weighted average shares outstanding (in shares)	7	7	7	7	7
Diluted weighted average shares outstanding (in shares)	7	7	7	7	7

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	50	73	85	111	86
Prepaid profit sharing	12	0	—	—	—
Inventories	64	95	77	71	54
Assets held for sale	13	14	7	285,000	—
Prepaid insurance	6	2	2	2	2
Other current assets	22	26	18	16	15
Total current assets	215	265	232	260	203
Property, plant and equipment, net	288	259	224	218	193
Intangibles, net	5	5	6	28	32
Mining supplies inventory	35	0	—	—	—
Deferred income taxes	14	15	15	0	—
Operating lease right-of-use assets	10	10	9	6	9
Equity securities	18	19	17	—	—
Other non-current assets	30	26	22	40	51
Total assets	661	632	540	568	507
Current maturities of long-term debt	9	4	4	4	3
Asset retirement obligations	8	10	13	2	2
Accrued payroll	20	23	17	18	16
Excess funding liability	5	0	—	—	—
Other current liabilities	10	9	8	7	8
Total current liabilities	70	65	70	44	46
Long-term debt	17	25	22	—	—
Long-term revolving credit agreement	75	70	0	—	—
Operating lease liabilities	8	9	9	8	10
Asset retirement obligations	40	40	39	44	42
Retirement benefit plans	5	5	5	5	7
Other long-term liabilities	19	13	6	9	8
Total liabilities	232	227	157	141	155
Capital in excess of par value	42	34	29	24	16
Retained earnings	381	373	356	405	337
Accumulated other comprehensive loss	−2	−10	−10	−9	−8
Total stockholders equity	429	405	382	427	352
Total liabilities and equity	661	632	540	568	507

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	25	25	29	27	23
Amortization of deferred financing fees	764,000	619,000	505,000	446,000	326,000
Deferred income taxes	58,000	2	−21	−8	−4
Stock-based compensation	8	6	5	8	6
Inventory impairment charges	7	10	8	0	0
Pension settlement charge	8	0	—	—	—
Other	7	−4	968,000	−791,000	2
Accounts receivable	3	−12	3	−13	−14
Inventories	−11	−27	−13	−7	−7
Other current assets	−5	−9	−2	1	3
Accounts payable	3	2	3	252,000	7
Income taxes receivable/payable	−3	−148,000	15	−416,000	3
Other current liabilities	−9	1	−236,000	1	6
Net cash provided by operating activities	51	22	54	68	75
Expenditures for property, plant and equipment	−49	−55	−45	−43	−39
Acquisition of mineral interests	−5	−700,000	−37	−12	−5
Proceeds from the sale of assets	3	822,000	561,000	3	633,000
Equity method investment	−17	−17	−3	0	0
Return of equity method investment	3	0	—	—	—
Other	−282,000	−139,000	−146,000	−170,000	−219,000
Net cash used for investing activities	−64	−71	−82	−33	−44
Net additions to revolving credit agreement	5	60	10	−4	−26
Reductions to long-term debt	−5	−5	−4	−3	−3
Debt issuance costs	0	−2	0	—	—
Cash dividends paid	−7	−7	−6	−6	−6
Purchase of treasury shares	−3	−10	−3	0	0
Net cash (used for) provided by financing activities	−10	37	1	−10	−33
Total decrease for the year	−23	−12	−26	25	−2

Filings

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