NACCO Industries Q3 2024 10-Q Filing
Ticker: NC · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 789933
| Field | Detail |
|---|---|
| Company | Nacco Industries INC (NC) |
| Form Type | 10-Q |
| Filed Date | Oct 30, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
NACCO's Q3 10-Q is in. Check financials for energy/transport segments.
AI Summary
NACCO INDUSTRIES INC filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial figures and segment information are presented, reflecting the company's ongoing business activities in the energy and transportation sectors.
Why It Matters
This filing provides investors with a quarterly update on NACCO Industries' financial health and operational performance, crucial for understanding the company's trajectory in the energy and transportation markets.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 2024-10-30 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- NACCO INDUSTRIES INC (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-10-30 (date) — Filing date
- CLEVELAND, OH (location) — Company headquarters
FAQ
What is the primary business of NACCO INDUSTRIES INC?
NACCO INDUSTRIES INC is involved in Bituminous Coal & Lignite Surface Mining, operating within the Energy & Transportation sectors.
For which fiscal period is this 10-Q filing?
This 10-Q filing is for the period ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 30, 2024.
What is the company's principal executive office location?
The company's principal executive office is located at 22901 Millcreek Blvd, Suite 600, Cleveland, OH 44122.
What is the company's fiscal year end?
NACCO INDUSTRIES INC's fiscal year ends on December 31.
Filing Stats: 4,627 words · 19 min read · ~15 pages · Grade level 15.5 · Accepted 2024-10-30 16:54:59
Key Financial Figures
- $1 — which registered Class A Common Stock, $1 par value per share NC New York Stock E
Filing Documents
- nacco-20240930.htm (10-Q) — 1203KB
- exhibit311q324.htm (EX-31.1) — 11KB
- exhibit312q324.htm (EX-31.2) — 11KB
- exhibit32q324.htm (EX-32) — 8KB
- exhibit95q324.htm (EX-95) — 89KB
- 0000789933-24-000055.txt ( ) — 4688KB
- nacco-20240930.xsd (EX-101.SCH) — 26KB
- nacco-20240930_cal.xml (EX-101.CAL) — 47KB
- nacco-20240930_def.xml (EX-101.DEF) — 157KB
- nacco-20240930_lab.xml (EX-101.LAB) — 307KB
- nacco-20240930_pre.xml (EX-101.PRE) — 218KB
- nacco-20240930_htm.xml (XML) — 631KB
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 18 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 33 Item 4
Controls and Procedures
Controls and Procedures 34 Part II. OTHER INFORMATION Item 1
Legal Proceedings
Legal Proceedings 35 Item 1A
Risk Factors
Risk Factors 35 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3 Defaults Upon Senior Securities 35 Item 4 Mine Safety Disclosures 35 Item 5 Other Information 35 Item 6 Exhibits 36 Exhibit Index 36
Signatures
Signatures 37 1 Table of Contents Part I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements NACCO INDUSTRIES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS SEPTEMBER 30 2024 DECEMBER 31 2023 (In thousands, except share data) ASSETS Cash and cash equivalents $ 63,052 $ 85,109 Trade accounts receivable 39,098 37,429 Accounts receivable from affiliates 5,807 7,860 Cash held by 1031 exchange facilitator 5,310 — Business interruption insurance receivable 13,612 — Inventories 94,436 77,000 Assets held for sale 4,483 6,466 Prepaid insurance 3,955 1,790 Other current assets 29,269 16,344 Total current assets 259,022 231,998 Property, plant and equipment, net 244,712 223,902 Intangibles, net 5,633 6,006 Deferred income taxes 17,389 15,081 Investments in unconsolidated subsidiaries 16,682 12,371 Operating lease right-of-use assets 7,744 8,667 Other non-current assets 46,224 41,683 Total assets $ 597,406 $ 539,708 LIABILITIES AND EQUITY Accounts payable $ 16,232 $ 16,702 Accounts payable to affiliates 982 904 Revolving credit agreements — 10,000 Current maturities of long-term debt 4,183 3,953 Asset retirement obligations 14,259 13,114 Accrued payroll 18,782 17,317 Deferred revenue 723 878 Federal income tax payable 4,310 — Other current liabilities 9,452 7,118 Total current liabilities 68,923 69,986 Long-term debt 28,818 22,003 Long-term revolving credit agreements 37,221 — Operating lease liabilities 7,652 8,782 Asset retirement obligations 38,491 39,499 Pension and other postretirement obligations 4,710 5,183 Liability for uncertain tax positions 5,795 5,795 Other long-term liabilities 8,486 6,120 Total liabilities 200,096 157,368 Stockholders' equity Common stock: Class A, par value $ 1 per share, 5,731,447 shares outstanding (December 31, 2023 - 5,882,845 shares outstanding) 5,732 5,883 Class B, par value $ 1 per share, convertible into Class A on a one -for-one basis, 1,565,519 shares outstanding (December 31, 2023 - 1,565,819 shares outstanding) 1,566 1,5