NC on NYSE

NACCO Industries

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

American publicly traded holding company

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$277.2MRevenue, fiscal 20255
$17.6MNet income, fiscal 20255
1913Founded1

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  • TickerNC on NYSE1
  • IndustryBituminous Coal & Lignite Surface Mining1
  • HeadquartersCleveland1
  • Websitewww.nacco.com
  • Incorporated inDE6
  • Business address22901 Millcreek Blvd, Suite 600, Cleveland, Oh 441226
  • Filer categoryAccelerated filer, Smaller reporting company6

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NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals. The Minerals Management segment promotes the development of the company's oil, gas, and coal reserves, generating income primarily from royalty-based lease payments from third parties. In addition, the company has a business providing stream and wetland mitigation solutions.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.9%Gross margin5
7.9%Operating margin5
6.3%Net margin5
16.6%Revenue growth, 20255
4.1%Return on equity5
0.23×Debt to equity5
$2.3MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Contract Mining brought in 53% of the revenue NACCO Industries broke down this way in fiscal 2025.

  1. Contract Mining$140.0M553%up 17% from 2024
  2. Utility Coal Mining$88.2M533%up 29% from 2024
  3. Minerals and Royalties$37.6M514%up 9% from 2024
Business segments by year
Business segments20242025
Contract Mining$119.6M$140.0M
Utility Coal Mining$68.6M$88.2M
Minerals and Royalties$34.6M$37.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$238.7M
  • Selling, general and admin23¢$77.9M
  • Income tax1¢$4.4M
  • Profit5¢$17.6M

Out of $277.2M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending83¢$48.6M
  • Dividends paid13¢$7.3M
  • Share buybacks4¢$2.5M

Out of $50.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue89101112135$277.2M in 2025+105% since 2018
0$100.0M$200.0M$300.0M2018: $135.4M$135.4M20182019: $141.0M$141.0M2019+4%2020: $128.4M$128.4M2020−9%2021: $191.8M$191.8M2021+49%2022: $241.7M$241.7M2022+26%2023: $214.8M$214.8M2023−11%2024: $237.7M$237.7M2024+11%2025: $277.2M$277.2M2025+17%
Gross profit89101112135$38.5M in 2025+28% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $30.0M$30.0M20182019: $31.1M$31.1M2019+4%2020: $17.0M$17.0M2020−45%2021: $43.5M$43.5M2021+156%2022: $67.8M$67.8M2022+56%2023: $14.6M$14.6M2023−78%2024: $29.8M$29.8M2024+104%2025: $38.5M$38.5M2025+29%
Operating income89101112135$22.0M in 2025−50% since 2018
-$100.0M-$50.0M0$50.0M$100.0M2018: $43.6M$43.6M20182019: $38.8M$38.8M2019−11%2020: $13.4M$13.4M2020−65%2021: $55.4M$55.4M2021+312%2022: $70.0M$70.0M2022+26%2023: -$70.1M-$70.1M20232024: $35.7M$35.7M20242025: $22.0M$22.0M2025−38%
Net income89101112135$17.6M in 2025−49% since 2018
-$50.0M0$50.0M$100.0M2018: $34.8M$34.8M20182019: $39.6M$39.6M2019+14%2020: $14.8M$14.8M2020−63%2021: $48.1M$48.1M2021+225%2022: $74.2M$74.2M2022+54%2023: -$39.6M-$39.6M20232024: $33.7M$33.7M20242025: $17.6M$17.6M2025−48%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenues$277.2M$237.7M
Cost of sales$238.7M$208.0M
Gross profit$38.5M$29.8M
Earnings of unconsolidated operations$61.8M$57.5M
Business interruption insurance recoveries$0$13.6M
Selling, general and administrative expenses$77.9M$69.8M
Amortization of intangible assets$750.0K$531.0K
Gain on sale of assets-$286.0K-$5.1M
Operating expenses$78.3M$65.1M
Operating profit$22.0M$35.7M
Interest expense$5.8M$5.6M
Interest income-$3.1M-$4.4M
Closed mine obligations$457.0K$2.4M
Loss (gain) on equity securities$726.0K-$1.8M
Gain on settlement of excess funding liability-$3.6M$0
Pension settlement charge$7.8M$0
Other, net$738.0K$345.0K
Other (income) expense$8.8M$2.1M
Income before income tax benefit$13.1M$33.6M
Income tax benefit-$4.4M-$95.0K
Net income$17.6M$33.7M
Basic earnings (loss) per share (in dollars per share)$2.37$4.58
Diluted earnings (loss) per share (in dollars per share)$2.35$4.55
Basic weighted average shares outstanding (in shares)7.4M shares7.4M shares
Diluted weighted average shares outstanding (in shares)7.5M shares7.4M shares

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The story

NACCO Industries originated in 1913 with the incorporation of the Cleveland and Western Coal Company. The name was changed to The North American Coal Corporation (NACCO) in 1925, and the company operated exclusively in the coal industry until the acquisition of Yale Materials Handling Corporation in 1985. This was followed in 1986 by creation of the holding company under the name NACCO Industries, Inc. NACCO Industries expanded into housewares with the purchase of Proctor Silex in 1988 and Hamilton Beach in 1990, and expanded its presence in the materials handling industry by adding the Hyster Company in 1989. Yale Materials Handling Corporation and the Hyster Company were combined to form Hyster-Yale Materials Handling, which was spun off in 2012.

From Wikipedia’s article on NACCO Industries, shared under CC BY-SA 4.0.7

Leadership

Who has led NACCO Industries, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alfred M. Et Al Rankin2006–2017
  2. Clifford R. Miercort2006
  3. John C. Butler Jr.2018–now

Chair

  1. Alfred M. Et Al Rankin2018–2026
  2. John P. Jumper2026–now

President

  1. Richard R. Chene2011
  2. John C. Butler Jr.2018–now
197019801990200020102020
Board members and other officers (56)

Products and brands

  • forklift

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Timeline

  1. Feb 14, 2018New chief executive John C. Butler Jr. becomes CEO18
  2. May 16, 2006New chief executive Clifford R. Miercort becomes CEO20
  3. Feb 10, 2006New chief executive Alfred M. Et Al Rankin becomes CEO19
  4. Jan 2, 1990Went public Listed on NYSE1
  5. 1913Founded Founded1

Filings

648 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 67 major events, 509 insider forms, 28 large holders, 23 other. The latest 20:

  1. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  5. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  8. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  9. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  10. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  11. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  12. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  13. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 31, 20268-K EDGAR
  15. Aug 27, 20263 PRIMARY DOCUMENT EDGAR
  16. Aug 19, 20268-K EDGAR
  17. Aug 19, 20268-K EDGAR
  18. Aug 6, 2026S-8 EDGAR
  19. Aug 5, 202610-Q EDGAR
  20. Aug 5, 20268-K EDGAR

The 648 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 28 such filings since October 2021, the latest 10:

  1. Dec 17, 2024SC 13D/A
  2. Dec 17, 2024SC 13D/A
  3. Dec 17, 2024SC 13D/A
  4. Dec 17, 2024SC 13D
  5. Aug 12, 2024SC 13G/A
  6. Feb 12, 2024SC 13D/A
  7. Feb 12, 2024SC 13D/A
  8. Feb 12, 2024SC 13D/A
  9. Feb 12, 2024SC 13D/A
  10. Feb 12, 2024SC 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 92. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP401,084$20.1M0.0%+1,276
BlackRock, Inc.320,068$16.0M0.0%+10,199
Vanguard Capital Management LLC166,517$8.3M0.0%−3,445
Renaissance Technologies LLC147,818$7.4M0.0%−6,700
Geode Capital Management, LLC104,689$5.2M0.0%+6,835
Mudita Advisors LLP92,520$4.6M1.0%No change
State Street Corp83,669$4.2M0.0%+406
Bridgeway Capital Management, LLC76,959$3.9M0.1%No change
Ancora Advisors LLC55,903$2.8M0.1%+8,344
PNC Financial Services Group, Inc.48,990$2.5M0.0%+577
Bank of New York Mellon Corp46,267$2.3M0.0%+128
Empowered Funds, LLC42,797$2.1M0.0%No change
Northern Trust Corp42,398$2.1M0.0%+2,491
Russell Investments Group, Ltd.39,303$2.0M0.0%+13,350
American Century Companies Inc38,982$2.0M0.0%−206
Two Sigma Investments, LP37,290$1.9M0.0%+4,913
Segall Bryant & Hamill, LLC29,463$1.5M0.0%−53
Vanguard Fiduciary Trust Co29,059$1.5M0.0%+1,930
Vanguard Portfolio Management LLC27,448$1.4M0.0%+4,384
Saber Capital Managment, LLC20,626$1.0M0.7%−2
Prescott Group Capital Management, L.L.C.20,094$1.0M0.1%No change
Connor, Clark & Lunn Investment Management Ltd.19,867$994.3K0.0%−81
Goldman Sachs Group Inc17,625$882.1K0.0%+4,823
RBF Capital, LLC17,230$862.4K0.0%No change
Nuveen, LLC12,668$634.0K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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