NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EX99

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8-K - 8-K - NACCO INDUSTRIES INC	nc123110dataschedule8k.htm


																EXHIBIT 99
NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)

	Revenues
	Q1		Q2	Q3		Q4	FY
2009	554.7		540.5	527.8		687.6	2,310.6
2010	557.6		598.8	664.9		866.2	2,687.5

	Operating Profit (Loss)
	Q1		Q2	Q3		Q4	FY
2009	(0.6	)	13.3	9.0		37.4	59.1
2010	24.2		27.3	32.1		56.7	140.3

	Interest (Income) Expense
	Q1		Q2	Q3		Q4	FY
2009	7.4		6.9	7.3		7.4	29.0
2010	6.1		6.1	6.5		6.1	24.8

	Other (Income) Expense
	Q1		Q2	Q3		Q4	FY
2009	0.5		0.3	0.4		—	1.2
2010	3.1		4.3	6.2		5.1	18.7

	Income (Loss) Before Taxes									Effective Income Tax Rate
	Q1		Q2	Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	(8.5	)	6.1	1.3		30.0	28.9		2009	(7.1	)%	82.0	%	n.m.		30.7	%	70.9	%
2010	15.0		16.9	19.4		45.5	96.8		2010	22.7	%	5.3	%	31.4	%	15.4	%	18.0	%

	Discontinued Operations, Net of Taxes
	Q1		Q2	Q3		Q4	FY
2009	—		0.3	0.4		21.9	22.6
2010	—		—	—		—	—

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2	Q3		Q4	FY
2009	(9.1	)	1.6	(3.9	)	42.5	31.1
2010	11.7		15.9	13.5		38.4	79.5

	Restructuring Expense (Reversal)
	Q1		Q2	Q3		Q4	FY
2009	0.7		1.5	6.9		0.2	9.3
2010	(1.9	)	—	—		—	(1.9	)

	Restructuring Accrual Balance
	Q1		Q2	Q3		Q4	FY
2009	5.6		3.9	9.4		8.8	8.8
2010	5.3		3.8	3.3		2.4	2.4

	Depreciation, depletion and amortization expense
	Q1		Q2	Q3		Q4	FY
2009	13.1		12.4	13.2		14.9	53.6
2010	12.9		13.3	12.4		13.6	52.2

	Net Working Capital (1)
	Q1		Q2	Q3		Q4	FY
2009	480.0		443.5	425.9		380.0	380.0
2010	378.7		345.1	450.5		458.8	458.8



NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2009		9.0		7.1		7.7		9.7		33.5
2010		4.7		5.7		7.3		8.6		26.3

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2009		(21.0	)	62.9		34.5		80.6		157.0
2010		(15.5	)	54.9		(35.0	)	58.7		63.1

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2009		(4.9	)	(0.1	)	(9.1	)	37.2		23.1
2010		(5.1	)	(2.2	)	8.4		(6.9	)	(5.8	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2009		(25.9	)	62.8		25.4		117.8		180.1
2010		(20.6	)	52.7		(26.6	)	51.8		57.3

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2009		43.1		(43.5	)	(18.0	)	(45.7	)	(64.1	)
2010		2.2		(9.9	)	(31.4	)	(4.2	)	(43.3	)

		Dividends Paid to Shareholders
		Q1		Q2		Q3		Q4		FY
2009		4.3		4.3		4.3		4.2		17.1
2010		4.3		4.4		4.3		4.4		17.4


		Total debt
		Q1		Q2		Q3		Q4		FY
2009		495.1		462.9		451.2		409.5		409.5
2010		416.3		414.9		391.0		391.5		391.5

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009		340.9		372.2		369.4		397.1		397.1		2009	(67.0	)%	(79.6	)%	(95.5	)%	8.5	%	8.5	%
2010		388.5		387.3		409.6		448.2		448.2		2010	13.9	%	17.3	%	21.4	%	19.6	%	19.6	%

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.



NACCO Materials Handling Group - Consolidated
(in millions, except percentage data)

	Backlog (in thousands)
	Q1		Q2		Q3		Q4	FY
2009	12.8		12.3		13.2		13.2	13.2
2010	16.9		21.7		24.5		23.0	23.0

	Unit Shipments (in thousands)
	Q1		Q2		Q3		Q4	FY
2009	10.8		9.9		9.4		11.5	41.6
2010	11.1		13.8		15.4		19.7	60.0

	Revenues - Americas										Revenues - Americas - % change yr. over yr.
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	228.9		186.3		197.4		240.8	853.4		2009	(41.9	)%	(55.3	)%	(50.0	)%	(37.8	)%	(46.4	)%
2010	228.3		259.8		295.2		357.4	1,140.7		2010	(0.3	)%	39.5	%	49.5	%	48.4	%	33.7	%

	Revenues - Europe										Revenues - Europe - % change yr. over yr.
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	100.3		108.6		80.3		100.9	390.1		2009	(55.0	)%	(57.6	)%	(62.1	)%	(50.7	)%	(56.4	)%
2010	91.0		112.9		110.5		162.2	476.6		2010	(9.3	)%	4.0	%	37.6	%	60.8	%	22.2	%

	Revenues - Other										Revenues - Other - % change yr. over yr.
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	59.9		67.1		50.7		54.0	231.7		2009	(27.3	)%	(29.2	)%	(43.7	)%	(22.2	)%	(31.1	)%
2010	56.1		40.8		37.2		50.5	184.6		2010	(6.3	)%	(39.2	)%	(26.6	)%	(6.5	)%	(20.3	)%

	Revenues - Consolidated										Revenues - Consolidated - % change yr. over yr.
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	389.1		362.0		328.4		395.7	1,475.2		2009	(44.3	)%	(52.8	)%	(52.8	)%	(40.2	)%	(47.8	)%
2010	375.4		413.5		442.9		570.1	1,801.9		2010	(3.5	)%	14.2	%	34.9	%	44.1	%	22.1	%

	Gross Profit										Gross Profit %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	44.9		46.5		41.2		52.1	184.7		2009	11.5	%	12.8	%	12.5	%	13.2	%	12.5	%
2010	57.0		67.9		71.7		83.2	279.8		2010	15.2	%	16.4	%	16.2	%	14.6	%	15.5	%

	Operating Expenses										Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	57.5		48.2		61.6		48.6	215.9		2009	14.8	%	13.3	%	18.8	%	12.3	%	14.6	%
2010	46.7		58.1		63.5		65.4	233.7		2010	12.4	%	14.1	%	14.3	%	11.5	%	13.0	%

	Operating Profit (Loss)										Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2009	(12.6	)	(1.7	)	(20.4	)	3.5	(31.2	)	2009	(3.2	)%	(0.5	)%	(6.2	)%	0.9	%	(2.1	)%
2010	10.3		9.8		8.2		17.8	46.1		2010	2.7	%	2.4	%	1.9	%	3.1	%	2.6	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4	FY
2009	4.2		4.0		3.8		4.2	16.2
2010	3.5		3.3		3.9		3.6	14.3



NACCO Materials Handling Group - Consolidated
(in millions, except percentage data)

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2009	0.1		(0.3	)	0.1		(0.5	)	(0.6	)
2010	0.5		(0.7	)	(0.4	)	(1.7	)	(2.3	)

	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1	Q2		Q3		Q4		FY
2009	(16.9	)	(5.4	)	(24.3	)	(0.2	)	(46.8	)	2009	n.m.	38.9	%	7.4	%	n.m.		7.7	%
2010	6.3		7.2		4.7		15.9		34.1		2010	n.m.	n.m.		23.4	%	15.7	%	5.3	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2009	(18.5	)	(3.1	)	(22.4	)	0.9		(43.1	)
2010	8.0		7.3		3.8		13.3		32.4


	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2009	0.7		1.5		6.9		0.2		9.3
2010	(1.9	)	—		—		—		(1.9	)

	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2009	5.6		3.9		9.4		8.8		8.8
2010	5.3		3.8		3.3		2.4		2.4


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2009	9.2		8.4		9.3		9.3		36.2
2010	9.0		8.7		8.1		8.1		33.9

	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2009	349.4		316.0		276.1		228.6		228.6
2010	247.5		218.0		293.2		286.5		286.5

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2009	1.7		1.2		1.5		1.4		5.8
2010	1.0		2.2		3.1		5.8		12.1

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2009	(8.9	)	53.4		24.7		46.7		115.9
2010	13.4		31.4		(27.9	)	30.6		47.5



NACCO Materials Handling Group - Consolidated
(in millions, except percentage data)

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2009		4.2		3.9		(1.2	)	(1.1	)	5.8
2010		(0.9	)	(2.1	)	0.3		(5.8	)	(8.5	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2009		(4.7	)	57.3		23.5		45.6		121.7
2010		12.5		29.3		(27.6	)	24.8		39.0

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2009		20.9		(11.5	)	(11.2	)	(16.5	)	(18.3	)
2010		(8.7	)	(4.7	)	(12.2	)	1.2		(24.4	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2009		(25.0	)	(10.0	)	—		—		(35.0	)
2010		5.0		—		—		—		5.0


		Total debt
		Q1		Q2		Q3		Q4		FY
2009		287.5		270.7		261.7		246.4		246.4
2010		243.1		242.2		233.1		234.5		234.5

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009		162.8		226.5		212.4		207.6		207.6		2009	(103.6	)%	(125.2	)%	(159.2	)%	(22.4	)%	(22.4	)%
2010		201.1		197.7		214.6		231.5		231.5		2010	(8.2	)%	(3.0	)%	9.7	%	15.4	%	15.4	%

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.



Hamilton Beach Brands, Inc.
(in millions, except percentage data)

	Revenues							Revenues % Change Year Over Year
	Q1		Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2009	94.2		107.2	118.9	176.7	497.0	2009	(1.1	)%	(1.5	)%	(14.0	)%	(5.3	)%	(6.0	)%
2010	102.6		103.3	133.3	176.5	515.7	2010	8.9	%	(3.6	)%	12.1	%	(0.1	)%	3.8	%

	Gross Profit $							Gross Profit %
	Q1		Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2009	17.3		21.7	26.2	42.2	107.4	2009	18.4	%	20.2	%	22.0	%	23.9	%	21.6	%
2010	23.1		22.9	26.5	38.6	111.1	2010	22.5	%	22.2	%	19.9	%	21.9	%	21.5	%

	Operating Expenses							Operating Expenses as a % of revenues
	Q1		Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2009	12.9		11.9	12.7	19.5	57.0	2009	13.7	%	11.1	%	10.7	%	11.0	%	11.5	%
2010	15.7		15.1	15.6	18.8	65.2	2010	15.3	%	14.6	%	11.7	%	10.7	%	12.6	%

	Operating Profit (Loss) $							Operating Profit (Loss) %
	Q1		Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2009	4.4		9.8	13.5	22.7	50.4	2009	4.7	%	9.1	%	11.4	%	12.8	%	10.1	%
2010	7.4		7.8	10.9	19.8	45.9	2010	7.2	%	7.6	%	8.2	%	11.2	%	8.9	%

	Interest (Income) Expense
	Q1		Q2	Q3	Q4	FY
2009	2.1		2.1	2.3	2.0	8.5
2010	1.8		1.8	1.8	1.8	7.2

	Other (Income) Expense
	Q1		Q2	Q3	Q4	FY
2009	(0.1	)	0.1	0.1	0.3	0.4
2010	—		0.2	—	0.1	0.3

	Income (Loss) Before Taxes							Effective Income Tax Rate
	Q1		Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2009	2.4		7.6	11.1	20.4	41.5	2009	41.7	%	38.2	%	37.8	%	35.8	%	37.1	%
2010	5.6		5.8	9.1	17.9	38.4	2010	39.3	%	34.5	%	38.5	%	35.2	%	36.5	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2	Q3	Q4	FY
2009	1.4		4.7	6.9	13.1	26.1
2010	3.4		3.8	5.6	11.6	24.4

	Depreciation and amortization expense
	Q1		Q2	Q3	Q4	FY
2009	0.8		0.7	0.7	1.5	3.7
2010	0.5		0.7	1.0	1.4	3.6

	Net Working Capital (1)
	Q1		Q2	Q3	Q4	FY
2009	72.3		68.0	87.3	95.1	95.1
2010	70.8		64.7	95.4	101.5	101.5

	Capital Expenditures
	Q1		Q2	Q3	Q4	FY
2009	0.7		0.3	0.5	0.6	2.1
2010	0.4		0.8	0.5	0.5	2.2



Hamilton Beach Brands, Inc.
(in millions, except percentage data)

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2009		12.2		15.7		(6.9	)	14.5		35.5
2010		13.4		14.8		(19.3	)	6.1		15.0

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2009		(0.7	)	(0.3	)	(0.5	)	(0.6	)	(2.1	)
2010		(0.4	)	(0.8	)	(0.5	)	(0.5	)	(2.2	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2009		11.5		15.4		(7.4	)	13.9		33.4
2010		13.0		14.0		(19.8	)	5.6		12.8

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2009		(2.3	)	(0.4	)	(0.3	)	(3.3	)	(6.3	)
2010		(0.3	)	(0.3	)	(0.3	)	(0.4	)	(1.3	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2009		—		—		—		3.0		3.0
2010		—		—		—		—		—


		Total debt
		Q1		Q2		Q3		Q4		FY
2009		117.3		116.9		116.6		116.3		116.3
2010		116.0		115.6		115.3		115.1		115.1

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4	FY
2009		(37.6	)	(32.0	)	(25.7	)	(12.8	)	(12.8	)	2009	n.m.	n.m.	n.m.	n.m.	n.m.
2010		(8.2	)	(4.2	)	2.1		13.9		13.9		2010	n.m.	n.m.	n.m.	n.m.	n.m.


(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.



The Kitchen Collection, LLC
(in millions, except percentage data and number of stores)

	Number of stores									Average sales per store
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2009	282		280		288		296	296	2009	0.1		0.1		0.2		0.3		0.7
2010	292		292		285		300	300	2010	0.1		0.1		0.2		0.3		0.7

	Revenues
	Q1		Q2		Q3		Q4	FY
2009	39.7		40.6		48.3		85.3	213.9
2010	42.8		40.9		47.5		88.4	219.6

	Gross Profit $									Gross Profit %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2009	17.0		18.5		21.7		37.6	94.8	2009	42.8	%	45.6	%	44.9	%	44.1	%	44.3	%
2010	19.0		18.3		21.3		39.1	97.7	2010	44.4	%	44.7	%	44.8	%	44.2	%	44.5	%

	Operating Expenses									Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2009	21.3		21.1		21.1		24.6	88.1	2009	53.7	%	52.0	%	43.7	%	28.8	%	41.2	%
2010	21.9		21.2		21.2		27.5	91.8	2010	51.2	%	51.8	%	44.6	%	31.1	%	41.8	%

	Operating Profit (Loss) $									Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2009	(4.3	)	(2.6	)	0.6		13.0	6.7	2009	(10.8	)%	(6.4	)%	1.2	%	15.2	%	3.1	%
2010	(2.9	)	(2.9	)	0.1		11.6	5.9	2010	(6.8	)%	(7.1	)%	0.2	%	13.1	%	2.7	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4	FY
2009	0.1		0.1		0.1		0.1	0.4
2010	0.1		0.1		0.1		—	0.3

	Other (Income) Expense
	Q1		Q2		Q3		Q4	FY
2009	(0.1	)	0.1		—		0.1	0.1
2010	—		—		0.1		—	0.1

	Income (Loss) Before Taxes									Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2009	(4.3	)	(2.8	)	0.5		12.8	6.2	2009	34.9	%	39.3	%	40.0	%	36.7	%	37.1	%
2010	(3.0	)	(3.0	)	(0.1	)	11.6	5.5	2010	40.0	%	40.0	%	n.m.		37.9	%	36.4	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4	FY
2009	(2.8	)	(1.7	)	0.3		8.1	3.9
2010	(1.8	)	(1.8	)	(0.1	)	7.2	3.5

	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2009	0.9		0.8		0.7		1.3	3.7
2010	0.9		0.7		0.7		1.2	3.5



The Kitchen Collection, LLC
(in millions, except percentage data and number of stores)

		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2009		35.1		35.5		34.2		32.8		32.8
2010		38.4		38.8		33.8		36.8		36.8

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2009		0.2		0.2		0.2		0.4		1.0
2010		0.8		0.3		0.9		0.7		2.7

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2009		(13.4	)	(0.9	)	2.5		17.2		5.4
2010		(11.6	)	(2.5	)	5.4		15.0		6.3

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2009		(0.2	)	(0.2	)	(0.2	)	(0.5	)	(1.1	)
2010		(0.8	)	(0.3	)	(0.9	)	(0.7	)	(2.7	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2009		(13.6	)	(1.1	)	2.3		16.7		4.3
2010		(12.4	)	(2.8	)	4.5		14.3		3.6

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2009		13.1		1.4		(2.3	)	(9.2	)	3.0
2010		4.7		3.0		(4.5	)	(3.6	)	(0.4	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2009		(3.0	)	—		—		—		(3.0	)
2010		—		—		—		—		—


		Total debt
		Q1		Q2		Q3		Q4		FY
2009		10.1		11.5		9.2		—		—
2010		4.7		8.0		3.6		—		—

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009		37.8		36.2		36.5		44.6		44.6		2009	(37.2	)%	(26.1	)%	(12.1	)%	10.1	%	10.1	%
2010		42.8		41.0		40.9		48.1		48.1		2010	12.4	%	11.9	%	10.7	%	8.0	%	8.0	%

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.



The North American Coal Corporation
(in millions, except percentage data)

	Tons of coal sold - Unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2009	6.8		6.4		6.9		6.4		26.5
2010	7.0		5.9		6.9		6.8		26.6

	Tons of coal sold - Consolidated mines
	Q1		Q2		Q3		Q4		FY
2009	1.7		1.7		2.0		1.5		6.9
2010	1.7		1.5		1.9		1.8		6.9

	Limerock yards delivered
	Q1		Q2		Q3		Q4		FY
2009	1.4		0.6		0.8		0.8		3.6
2010	3.8		5.1		5.4		3.6		17.9

	Revenues
	Q1		Q2		Q3		Q4		FY
2009	32.6		31.5		32.9		32.5		129.5
2010	37.6		42.3		42.4		34.5		156.8

	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009	6.7		6.1		5.0		3.5		21.3		2009	20.6	%	19.4	%	15.2	%	10.8	%	16.4	%
2010	6.5		14.1		10.7		6.6		37.9		2010	17.3	%	33.3	%	25.2	%	19.1	%	24.2	%

	Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2009	10.5		9.8		10.5		7.8		38.6
2010	10.5		9.5		11.3		12.1		43.4

	Operating Expenses											Operating Expenses as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009	4.2		6.7		(1.2	)	7.6		17.3		2009	24.4	%	42.1	%	n.m.		67.3	%	28.9	%
2010	6.0		7.9		7.0		7.1		28.0		2010	35.3	%	33.5	%	31.8	%	38.0	%	34.4	%

	Operating Profit $											Operating Profit as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009	13.0		9.2		16.7		3.7		42.6		2009	75.6	%	57.9	%	n.m.		32.7	%	71.1	%
2010	11.0		15.7		15.0		11.6		53.3		2010	64.7	%	66.5	%	68.2	%	62.0	%	65.6	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2009	1.0		0.8		0.9		1.1		3.8
2010	0.8		0.8		0.7		0.7		3.0

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2009	(0.2	)	(0.1	)	(0.1	)	(0.2	)	(0.6	)
2010	(0.2	)	—		—		0.1		(0.1	)



	The North American Coal Corporation
	(in millions, except percentage data)

	Income Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2009	12.2		8.5		15.9		2.8		39.4		2009	11.5	%	20.0	%	30.8	%	28.6	%	22.3	%
2010	10.4		14.9		14.3		10.8		50.4		2010	22.1	%	24.2	%	23.1	%	14.8	%	21.4	%

	Discontinued Operations, Net of Taxes
	Q1		Q2		Q3		Q4		FY
2009	—		0.3		0.4		21.9		22.6
2010	—		—		—		—		—

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2009	10.8		7.1		11.4		23.9		53.2
2010	8.1		11.3		11.0		9.2		39.6

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2009	2.1		2.1		2.2		2.6		9.0
2010	2.3		2.9		2.4		2.3		9.9

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2009	0.7		2.5		4.3		3.0		10.5
2010	1.4		2.5		2.9		3.0		9.8

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2009	15.2		14.4		12.0		0.4		42.0
2010	0.1		14.8		9.4		1.6		25.9

	Net cash provided by (used for) investing activities
	Q1		Q2		Q3		Q4		FY
2009	0.4		(3.6	)	(6.0	)	43.7		34.5
2010	(1.9	)	0.9		9.5		(1.6	)	6.9

	Cash flow before financing activities (1)
	Q1		Q2		Q3		Q4		FY
2009	15.6		10.8		6.0		44.1		76.5
2010	(1.8	)	15.7		18.9		—		32.8

	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4		FY
2009	(16.3	)	(9.6	)	(7.5	)	(42.5	)	(75.9	)
2010	2.8		(11.5	)	(18.9	)	(1.8	)	(29.4	)



		The North American Coal Corporation
		(in millions, except percentage data)

		Dividends to NACCO
		Q1	Q2	Q3	Q4	FY
2009		3.0	3.5	3.1	2.9	12.5
2010		3.0	3.0	3.0	15.6	24.6

		Total debt
		Q1	Q2	Q3	Q4	FY
2009		96.2	90.1	85.5	46.8	46.8
2010		52.5	44.1	28.2	41.9	41.9

		Equity						Return on Equity (2)
		Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2009		93.9	97.4	105.7	126.9	126.9	2009	33.2	%	32.7	%	36.0	%	52.2	%	52.2	%
2010		132.1	140.5	148.5	141.5	141.5	2010	45.4	%	45.4	%	41.5	%	28.7	%	28.7	%

(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.



NACCO and Other
(in millions, except percentage data)

	Operating Profit (Loss)
	Q1		Q2		Q3		Q4		FY
2009	(1.1	)	(1.5	)	(1.4	)	(5.4	)	(9.4	)
2010	(1.7	)	(3.1	)	(2.0	)	(4.0	)	(10.8	)

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2009	—		(0.1	)	0.2		—		0.1
2010	(0.1	)	0.1		—		—		—

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2009	0.8		0.5		0.3		0.3		1.9
2010	2.8		4.8		6.5		6.6		20.7

	Income (Loss) Before Taxes
	Q1		Q2		Q3		Q4		FY
2009	(1.9	)	(1.9	)	(1.9	)	(5.7	)	(11.4	)
2010	(4.4	)	(8.0	)	(8.5	)	(10.6	)	(31.5	)

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2009	(1.5	)	(1.4	)	(1.5	)	(4.6	)	(9.0	)
2010	(3.0	)	(5.3	)	(6.1	)	(6.0	)	(20.4	)

Attached files

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NACCO INDUSTRIES INC Reports

NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EX99 - March 2, 2011

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NACCO INDUSTRIES INC Reports