NACCO INDUSTRIES INC Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>NACCO INDUSTRIES INC filed its Q1 2024 10-Q report on May 1, 2024.</b>

AI Summary

NACCO INDUSTRIES INC (NC) filed a Quarterly Report (10-Q) with the SEC on May 1, 2024. NACCO INDUSTRIES INC filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's principal business is Bituminous Coal & Lignite Surface Mining. The filing was made on May 1, 2024. The company is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking NACCO INDUSTRIES INC, this filing contains several important signals. This 10-Q filing provides a quarterly update on NACCO INDUSTRIES INC's financial performance and operational status. Investors and analysts can use this report to assess the company's financial health, profitability, and strategic direction for the first three months of 2024.

Risk Assessment

Risk Level: low — NACCO INDUSTRIES INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures.

Analyst Insight

Monitor NACCO INDUSTRIES INC's subsequent filings for detailed financial results and operational updates.

Key Numbers

• 2024-03-31 — Report Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-01 — Filing Date (FILED AS OF DATE)
• 2024-01-01 — Quarter Start Date (2024-01-01)
• 2023-03-31 — Prior Year Quarter End Date (2023-03-31)

Key Players & Entities

• NACCO INDUSTRIES INC (company) — FILER
• 0000789933 (company) — CENTRAL INDEX KEY
• DE (company) — STATE OF INCORPORATION
• 341505819 (company) — IRS NUMBER
• CLEVELAND (company) — CITY
• OH (company) — STATE
• 44124 (company) — ZIP
• 4402295123 (company) — BUSINESS PHONE

FAQ

Industry Context

NACCO INDUSTRIES INC operates in the Bituminous Coal & Lignite Surface Mining industry.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze segment performance if provided in the full report.
3. Compare Q1 2024 results with prior periods and industry benchmarks.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-01: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending March 31, 2024, following the previous 10-K or 10-Q filings.

Key Financial Figures

• $1 — which registered Class A Common Stock, $1 par value per share NC New York Stock E

Filing Documents

• nacco-20240331.htm (10-Q) — 886KB
• exhibit101-formltipawardag.htm (EX-10.1) — 19KB
• exhibit311q124.htm (EX-31.1) — 11KB
• exhibit312q124.htm (EX-31.2) — 11KB
• exhibit32q124.htm (EX-32) — 8KB
• exhibit95q124.htm (EX-95) — 89KB
• image_0.jpg (GRAPHIC) — 48KB
• image_1.jpg (GRAPHIC) — 35KB
• 0000789933-24-000035.txt (&nbsp;) — 4059KB
• nacco-20240331.xsd (EX-101.SCH) — 25KB
• nacco-20240331_cal.xml (EX-101.CAL) — 45KB
• nacco-20240331_def.xml (EX-101.DEF) — 149KB
• nacco-20240331_lab.xml (EX-101.LAB) — 295KB
• nacco-20240331_pre.xml (EX-101.PRE) — 210KB
• nacco-20240331_htm.xml (XML) — 456KB

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets 2 Unaudited Condensed Consolidated Statements of Operations 3 Unaudited Condensed Consolidated Statements of Comprehensive Income 4 Unaudited Condensed Consolidated Statements of Cash Flows 5 Unaudited Condensed Consolidated Statements of Changes in Equity 6 Notes to Unaudited Condensed Consolidated Financial Statements 7 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4

Controls and Procedures

Controls and Procedures 30 Part II. OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 31 Item 1A

Risk Factors

Risk Factors 31 Item 2 Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities 31 Item 3 Defaults Upon Senior Securities 31 Item 4 Mine Safety Disclosures 31 Item 5 Other Information 31 Item 6 Exhibits 32 Exhibit Index 32

Signatures

Signatures 33 1 Table of Contents Part I FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements NACCO INDUSTRIES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS MARCH 31 2024 DECEMBER 31 2023 (In thousands, except share data) ASSETS Cash and cash equivalents $ 61,844 $ 85,109 Trade accounts receivable 27,958 37,429 Accounts receivable from affiliates 8,361 7,860 Inventories 75,755 77,000 Assets held for sale 7,270 6,466 Federal income tax receivable 845 845 Prepaid insurance 11,248 1,790 Other current assets 19,558 15,499 Total current assets 212,839 231,998 Property, plant and equipment, net 238,906 223,902 Intangibles, net 5,880 6,006 Deferred income taxes 15,113 15,081 Investments in unconsolidated subsidiaries 13,753 12,371 Operating lease right-of-use assets 7,876 8,667 Other non-current assets 43,631 41,683 Total assets $ 537,998 $ 539,708 LIABILITIES AND EQUITY Accounts payable $ 12,377 $ 16,702 Accounts payable to affiliates 691 904 Revolving credit agreements 17,000 10,000 Current maturities of long-term debt 4,498 3,953 Asset retirement obligations 13,105 13,114 Accrued payroll 9,069 17,317 Deferred revenue 930 878 Other current liabilities 6,265 7,118 Total current liabilities 63,935 69,986 Long-term debt 28,377 22,003 Operating lease liabilities 7,962 8,782 Asset retirement obligations 38,550 39,499 Pension and other postretirement obligations 5,059 5,183 Liability for uncertain tax positions 5,795 5,795 Other long-term liabilities 6,707 6,120 Total liabilities 156,385 157,368 Stockholders' equity Common stock: Class A, par value $ 1 per share, 5,884,740 shares outstanding (December 31, 2023 - 5,882,845 shares outstanding) 5,885 5,883 Class B, par value $ 1 per share, convertible into Class A on a one -for-one basis, 1,565,685 shares outstanding (December 31, 2023 - 1,565,819 shares outstanding) 1,566 1,566 Capital in excess of par value 29,073 28,672 Retained earnings 354,667 355,873 Accumulated other comprehensive loss ( 9,578 ) ( 9,654 ) To

View Full Filing

View this 10-Q filing on SEC EDGAR