NC 12/31/11 Data Schedule 8K

0000789933-12-000028.txt : 20120229 0000789933-12-000028.hdr.sgml : 20120229 20120229170952 ACCESSION NUMBER: 0000789933-12-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120229 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120229 DATE AS OF CHANGE: 20120229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NACCO INDUSTRIES INC CENTRAL INDEX KEY: 0000789933 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537] IRS NUMBER: 341505819 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09172 FILM NUMBER: 12653862 BUSINESS ADDRESS: STREET 1: 5875 LANDERBROOK DR CITY: CLEVELAND STATE: OH ZIP: 44124-4069 BUSINESS PHONE: 4404499600 MAIL ADDRESS: STREET 1: 5875 LANDERBROOK DR CITY: CLEVELAND STATE: OH ZIP: 44124 8-K 1 nc123111dataschedule8k.htm 8K NC 12/31/11 Data Schedule 8K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______________________________________________________________________________________________________________________________________________________________________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):		February 29, 2012

NACCO INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

DELAWARE	1-9172	34-1505819
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5875 LANDERBROOK DRIVE, CLEVELAND, OHIO		44124-4069
(Address of principal executive offices)		(Zip code)

(440) 449-9600
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition and

Item 7.01 Regulation FD Disclosure.

On February 29, 2012, NACCO Industries, Inc. (the “Company”) will post on its website at www.nacco.com additional historical quarterly financial data and update the schedules that were previously posted to the website for the fourth quarter and full year 2011 results. A copy of the additional data is attached as Exhibit 99 to this Current Report on Form 8-K.

This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.

The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.



(d) Exhibits

99		NACCO Industries, Inc. additional historical quarterly financial data, as posted on the NACCO Industries, Inc. website at www.nacco.com on February 29, 2012.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




Date:	February 29, 2012		NACCO INDUSTRIES, INC.

		By:	/s/ Kenneth C. Schilling
			Name: Kenneth C. Schilling
			Title: Vice President and Controller

EXHIBIT INDEX



Exhibit Number		Description

99		NACCO Industries, Inc. additional historical quarterly financial data, as posted on the NACCO Industries, Inc. website at www.nacco.com on February 29, 2012.

EX-99 2 dataschedule123111ex99.htm EX99 Data Schedule 12/31/11 Ex.99



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

	Revenues
	Q1		Q2		Q3		Q4		FY
2010	557.6		598.8		664.9		866.2		2,687.5
2011	745.5		811.0		823.4		951.3		3,331.2

	Operating Profit
	Q1		Q2		Q3		Q4		FY
2010	24.2		27.3		32.1		56.7		140.3
2011	35.3		31.1		37.4		70.3		174.1

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	6.1		6.1		6.5		6.1		24.8
2011	5.8		5.4		5.8		5.4		22.4

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	3.1		4.3		6.2		5.1		18.7
2011	(57.5	)	(0.6	)	(0.3	)	(3.7	)	(62.1	)

	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2010	15.0		16.9		19.4		45.5		96.8		2010	22.7	%	5.3	%	31.4	%	15.4	%	18.0	%
2011	87.0		26.3		31.9		68.6		213.8		2011	27.8	%	27.4	%	19.4	%	20.6	%	24.2	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2010	11.7		15.9		13.5		38.4		79.5
2011	62.8		19.2		25.7		54.4		162.1

	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2010	(1.9	)	—		—		—		(1.9	)
2011	—		—		—		—		—

	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2010	5.3		3.8		3.3		2.4		2.4
2011	2.1		1.8		1.6		1.4		1.4

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2010	12.9		13.3		12.4		13.6		52.2
2011	11.5		11.4		12.6		12.2		47.7

	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2010	378.7		345.1		450.5		458.8		458.8
2011	528.1		514.8		549.0		522.3		522.3




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

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2010		4.7		5.7		7.3		8.6		26.3
2011		6.2		10.3		9.8		10.4		36.7

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2010		(15.5	)	54.9		(35.0	)	58.7		63.1
2011		(8.8	)	64.7		(4.6	)	103.9		155.2

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2010		(5.1	)	(2.2	)	8.4		(6.9	)	(5.8	)
2011		(5.8	)	(10.0	)	(9.5	)	(7.4	)	(32.7	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2010		(20.6	)	52.7		(26.6	)	51.8		57.3
2011		(14.6	)	54.7		(14.1	)	96.5		122.5

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2010		2.2		(9.9	)	(31.4	)	(4.2	)	(43.3	)
2011		(1.0	)	(3.8	)	(65.9	)	28.7		(42.0	)

		Dividends Paid to Shareholders
		Q1		Q2		Q3		Q4		FY
2010		4.3		4.4		4.3		4.4		17.4
2011		4.4		4.5		4.4		4.5		17.8


		Total debt
		Q1		Q2		Q3		Q4		FY
2010		416.3		414.9		391.0		391.5		391.5
2011		395.0		398.1		336.8		374.2		374.2

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2010		388.5		387.3		409.6		448.2		448.2		2010	13.9	%	17.3	%	21.4	%	19.6	%	19.6	%
2011		516.7		541.2		547.8		577.0		577.0		2011	30.4	%	29.1	%	29.7	%	30.8	%	30.8	%

(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
2010	16.9	21.7	24.5	23.0	23.0
2011	24.8	25.1	25.6	24.7	24.7

	Unit Shipments (in thousands)
	Q1	Q2	Q3	Q4	FY
2010	11.1	13.8	15.4	19.7	60.0
2011	19.4	19.9	19.6	20.8	79.7

	Revenues - Americas						Revenues - Americas - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	228.3	259.8	295.2	357.4	1,140.7	2010	(0.3	)%	39.5	%	49.5	%	48.4	%	33.7	%
2011	358.6	400.8	389.8	421.5	1,570.7	2011	57.1	%	54.3	%	32.0	%	17.9	%	37.7	%

	Revenues - Europe						Revenues - Europe - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	91.0	112.9	110.5	162.2	476.6	2010	(9.3	)%	4.0	%	37.6	%	60.8	%	22.2	%
2011	174.1	194.8	180.3	202.5	751.7	2011	91.3	%	72.5	%	63.2	%	24.8	%	57.7	%

	Revenues - Other						Revenues - Other - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	56.1	40.8	37.2	50.5	184.6	2010	(6.3	)%	(39.2	)%	(26.6	)%	(6.5	)%	(20.3	)%
2011	53.9	52.4	58.7	53.4	218.4	2011	(3.9	)%	28.4	%	57.8	%	5.7	%	18.3	%

	Revenues - Consolidated						Revenues - Consolidated - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	375.4	413.5	442.9	570.1	1,801.9	2010	(3.5	)%	14.2	%	34.9	%	44.1	%	22.1	%
2011	586.6	648.0	628.8	677.4	2,540.8	2011	56.3	%	56.7	%	42.0	%	18.8	%	41.0	%

	Gross Profit						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	57.0	67.9	71.7	83.2	279.8	2010	15.2	%	16.4	%	16.2	%	14.6	%	15.5	%
2011	95.8	97.9	89.0	100.8	383.5	2011	16.3	%	15.1	%	14.2	%	14.9	%	15.1	%

	Operating Expenses						Operating Expenses as a % of revenues
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	46.7	58.1	63.5	65.4	233.7	2010	12.4	%	14.1	%	14.3	%	11.5	%	13.0	%
2011	65.4	70.4	64.9	72.8	273.5	2011	11.1	%	10.9	%	10.3	%	10.7	%	10.8	%

	Operating Profit (Loss)						Operating Profit (Loss) %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010	10.3	9.8	8.2	17.8	46.1	2010	2.7	%	2.4	%	1.9	%	3.1	%	2.6	%
2011	30.4	27.5	24.1	28.0	110.0	2011	5.2	%	4.2	%	3.8	%	4.1	%	4.3	%

	Interest (Income) Expense
	Q1	Q2	Q3	Q4	FY
2010	3.5	3.3	3.9	3.6	14.3
2011	3.5	3.3	3.6	3.6	14.0




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

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	0.5		(0.7	)	(0.4	)	(1.7	)	(2.3	)
2011	(0.7	)	(0.4	)	(1.1	)	(3.3	)	(5.5	)

	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2010	6.3		7.2		4.7		15.9		34.1		2010	n.m.		n.m.		23.4	%	15.7	%	5.3	%
2011	27.6		24.6		21.6		27.7		101.5		2011	19.2	%	22.4	%	19.0	%	14.4	%	18.6	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2010	8.0		7.3		3.8		13.3		32.4
2011	22.3		19.2		17.5		23.6		82.6


	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2010	(1.9	)	—		—		—		(1.9	)
2011	—		—		—		—		—

	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2010	5.3		3.8		3.3		2.4		2.4
2011	2.1		1.8		1.6		1.4		1.4


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2010	9.0		8.7		8.1		8.1		33.9
2011	8.0		8.1		7.5		7.7		31.3

	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2010	247.5		218.0		293.2		286.5		286.5
2011	356.9		363.5		383.5		354.5		354.5

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2010	1.0		2.2		3.1		5.8		12.1
2011	2.8		3.9		4.3		5.5		16.5

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2010	13.4		31.4		(27.9	)	30.6		47.5
2011	(35.3	)	31.5		(7.2	)	65.6		54.6




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

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2010		(0.9	)	(2.1	)	0.3		(5.8	)	(8.5	)
2011		(2.6	)	(3.8	)	(4.1	)	(5.4	)	(15.9	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2010		12.5		29.3		(27.6	)	24.8		39.0
2011		(37.9	)	27.7		(11.3	)	60.2		38.7

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2010		(8.7	)	(4.7	)	(12.2	)	1.2		(24.4	)
2011		(8.1	)	(4.8	)	(6.2	)	(0.4	)	(19.5	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2010		5.0		—		—		—		5.0
2011		5.0		—		5.0		—		10.0


		Total debt
		Q1		Q2		Q3		Q4		FY
2010		243.1		242.2		233.1		234.5		234.5
2011		231.4		227.4		226.2		226.0		226.0

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2010		201.1		197.7		214.6		231.5		231.5		2010	(8.2	)%	(3.0	)%	9.7	%	15.4	%	15.4	%
2011		261.8		284.5		287.5		297.1		297.1		2011	21.1	%	24.6	%	28.2	%	30.3	%	30.3	%

(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
2010	102.6	103.3	133.3	176.5		515.7	2010	8.9	%	(3.6	)%	12.1	%	(0.1	)%	3.8	%
2011	100.6	104.3	126.7	161.4		493.0	2011	(1.9	)%	1.0	%	(5.0	)%	(8.6	)%	(4.4	)%

	Gross Profit $							Gross Profit %
	Q1	Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2010	23.1	22.9	26.5	38.6		111.1	2010	22.5	%	22.2	%	19.9	%	21.9	%	21.5	%
2011	19.2	19.4	23.2	35.4		97.2	2011	19.1	%	18.6	%	18.3	%	21.9	%	19.7	%

	Operating Expenses							Operating Expenses as a % of revenues
	Q1	Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2010	15.7	15.1	15.6	18.8		65.2	2010	15.3	%	14.6	%	11.7	%	10.7	%	12.6	%
2011	15.9	15.8	15.3	16.4		63.4	2011	15.8	%	15.1	%	12.1	%	10.2	%	12.9	%

	Operating Profit (Loss) $							Operating Profit (Loss) %
	Q1	Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2010	7.4	7.8	10.9	19.8		45.9	2010	7.2	%	7.6	%	8.2	%	11.2	%	8.9	%
2011	3.3	3.6	7.9	19.0		33.8	2011	3.3	%	3.5	%	6.2	%	11.8	%	6.9	%

	Interest (Income) Expense
	Q1	Q2	Q3	Q4		FY
2010	1.8	1.8	1.8	1.8		7.2
2011	1.6	1.3	1.3	1.0		5.2

	Other (Income) Expense
	Q1	Q2	Q3	Q4		FY
2010	—	0.2	—	0.1		0.3
2011	—	0.2	0.8	(0.2	)	0.8

	Income (Loss) Before Taxes							Effective Income Tax Rate
	Q1	Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2010	5.6	5.8	9.1	17.9		38.4	2010	39.3	%	34.5	%	38.5	%	35.2	%	36.5	%
2011	1.7	2.1	5.8	18.2		27.8	2011	41.2	%	38.1	%	29.3	%	34.1	%	33.8	%

	Net Income (Loss) Attributable to Stockholders
	Q1	Q2	Q3	Q4		FY
2010	3.4	3.8	5.6	11.6		24.4
2011	1.0	1.3	4.1	12.0		18.4

	Depreciation and amortization expense
	Q1	Q2	Q3	Q4		FY
2010	0.5	0.7	1.0	1.4		3.6
2011	0.6	0.6	2.2	1.5		4.9

	Net Working Capital (1)
	Q1	Q2	Q3	Q4		FY
2010	70.8	64.7	95.4	101.5		101.5
2011	95.3	77.9	88.0	98.3		98.3




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

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2010		0.4		0.8		0.5		0.5		2.2
2011		0.4		1.1		1.0		1.2		3.7

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2010		13.4		14.8		(19.3	)	6.1		15.0
2011		(0.6	)	21.3		(0.6	)	4.1		24.2

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2010		(0.4	)	(0.8	)	(0.5	)	(0.5	)	(2.2	)
2011		(0.4	)	(1.1	)	(1.0	)	(1.2	)	(3.7	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2010		13.0		14.0		(19.8	)	5.6		12.8
2011		(1.0	)	20.2		(1.6	)	2.9		20.5

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2010		(0.3	)	(0.3	)	(0.3	)	(0.4	)	(1.3	)
2011		(0.3	)	3.7		(60.2	)	—		(56.8	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2010		—		—		—		—		—
2011		—		(4.0	)	—		—		(4.0	)


		Total debt
		Q1		Q2		Q3		Q4		FY
2010		116.0		115.6		115.3		115.1		115.1
2011		114.8		114.5		54.2		54.2		54.2

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4	FY
2010		(8.2	)	(4.2	)	2.1		13.9		13.9		2010	n.m.	n.m.	n.m.	n.m.	n.m.
2011		16.0		21.7		25.0		35.0		35.0		2011	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
2010	292		292		285		300	300	2010	0.1		0.1		0.2		0.3		0.7
2011	299		301		312		337	337	2011	0.1		0.1		0.2		0.3		0.7

	Revenues
	Q1		Q2		Q3		Q4	FY
2010	42.8		40.9		47.5		88.4	219.6
2011	40.9		40.0		48.9		91.4	221.2

	Gross Profit $									Gross Profit %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2010	19.0		18.3		21.3		39.1	97.7	2010	44.4	%	44.7	%	44.8	%	44.2	%	44.5	%
2011	17.6		17.8		22.3		39.7	97.4	2011	43.0	%	44.5	%	45.6	%	43.4	%	44.0	%

	Operating Expenses									Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2010	21.9		21.2		21.2		27.5	91.8	2010	51.2	%	51.8	%	44.6	%	31.1	%	41.8	%
2011	23.0		22.1		22.9		26.9	94.9	2011	56.2	%	55.3	%	46.8	%	29.4	%	42.9	%

	Operating Profit (Loss) $									Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2010	(2.9	)	(2.9	)	0.1		11.6	5.9	2010	(6.8	)%	(7.1	)%	0.2	%	13.1	%	2.7	%
2011	(5.4	)	(4.3	)	(0.6	)	12.8	2.5	2011	(13.2	)%	(10.8	)%	(1.2	)%	14.0	%	1.1	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4	FY
2010	0.1		0.1		0.1		—	0.3
2011	0.1		0.1		0.1		0.2	0.5

	Other (Income) Expense
	Q1		Q2		Q3		Q4	FY
2010	—		—		0.1		—	0.1
2011	—		—		0.1		—	0.1

	Income (Loss) Before Taxes									Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2010	(3.0	)	(3.0	)	(0.1	)	11.6	5.5	2010	40.0	%	40.0	%	n.m.		37.9	%	36.4	%
2011	(5.5	)	(4.4	)	(0.8	)	12.6	1.9	2011	40.0	%	38.6	%	37.5	%	39.7	%	42.1	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4	FY
2010	(1.8	)	(1.8	)	(0.1	)	7.2	3.5
2011	(3.3	)	(2.7	)	(0.5	)	7.6	1.1

	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2010	0.9		0.7		0.7		1.2	3.5
2011	0.8		0.7		0.8		0.8	3.1




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

		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2010		38.4		38.8		33.8		36.8		36.8
2011		43.5		41.5		44.0		36.1		36.1

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2010		0.8		0.3		0.9		0.7		2.7
2011		0.6		0.9		0.6		0.2		2.3

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2010		(11.6	)	(2.5	)	5.4		15.0		6.3
2011		(18.2	)	(1.3	)	(1.7	)	26.1		4.9

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2010		(0.8	)	(0.3	)	(0.9	)	(0.7	)	(2.7	)
2011		(0.6	)	(0.9	)	(0.6	)	(0.2	)	(2.3	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2010		(12.4	)	(2.8	)	4.5		14.3		3.6
2011		(18.8	)	(2.2	)	(2.3	)	25.9		2.6

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2010		4.7		3.0		(4.5	)	(3.6	)	(0.4	)
2011		7.8		2.1		2.5		(14.9	)	(2.5	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2010		—		—		—		—		—
2011		2.5		—		—		—		2.5


		Total debt
		Q1		Q2		Q3		Q4		FY
2010		4.7		8.0		3.6		—		—
2011		10.4		12.5		15.0		—		—

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2010		42.8		41.0		40.9		48.1		48.1		2010	12.4	%	11.9	%	10.7	%	8.0	%	8.0	%
2011		42.3		39.6		39.1		46.7		46.7		2011	4.6	%	2.6	%	1.7	%	2.5	%	2.5	%

(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
2010	7.0		5.9		6.9		6.8		26.6
2011	7.0		5.4		6.4		6.4		25.2

	Tons of coal sold - Consolidated mines
	Q1		Q2		Q3		Q4		FY
2010	1.7		1.5		1.9		1.8		6.9
2011	0.6		0.6		0.7		0.8		2.7

	Limerock yards delivered
	Q1		Q2		Q3		Q4		FY
2010	3.8		5.1		5.4		3.6		17.9
2011	3.6		4.0		3.1		3.0		13.7

	Revenues
	Q1		Q2		Q3		Q4		FY
2010	37.6		42.3		42.4		34.5		156.8
2011	17.9		19.4		21.0		23.5		81.8

	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2010	6.5		14.1		10.7		6.6		37.9		2010	17.3	%	33.3	%	25.2	%	19.1	%	24.2	%
2011	4.0		2.8		3.1		5.4		15.3		2011	22.3	%	14.4	%	14.8	%	23.0	%	18.7	%

	Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2010	10.5		9.5		11.3		12.1		43.4
2011	12.1		9.5		11.1		12.8		45.5

	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
2010	6.0		7.9		7.0		7.1		28.0		2010	35.3	%	33.5	%	31.8	%	38.0	%	34.4	%
2011	6.6		7.0		7.2		4.8		25.6		2011	41.0	%	56.9	%	50.7	%	26.4	%	42.1	%

	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
2010	11.0		15.7		15.0		11.6		53.3		2010	64.7	%	66.5	%	68.2	%	62.0	%	65.6	%
2011	9.5		5.3		7.0		13.4		35.2		2011	59.0	%	43.1	%	49.3	%	73.6	%	57.9	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	0.8		0.8		0.7		0.7		3.0
2011	0.6		0.7		0.8		0.6		2.7

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	(0.2	)	—		—		0.1		(0.1	)
2011	—		(0.7	)	(0.3	)	(0.4	)	(1.4	)




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
2010	10.4		14.9		14.3		10.8		50.4		2010	22.1	%	24.2	%	23.1	%	14.8	%	21.4	%
2011	8.9		5.3		6.5		13.2		33.9		2011	20.2	%	13.2	%	10.8	%	9.8	%	13.3	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2010	8.1		11.3		11.0		9.2		39.6
2011	7.1		4.6		5.8		11.9		29.4

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2010	2.3		2.9		2.4		2.3		9.9
2011	2.0		1.9		2.0		2.0		7.9

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2010	1.4		2.5		2.9		3.0		9.8
2011	2.4		4.4		3.8		3.5		14.1

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2010	0.1		14.8		9.4		1.6		25.9
2011	7.8		7.3		8.8		7.8		31.7

	Net cash provided by (used for) investing activities
	Q1		Q2		Q3		Q4		FY
2010	(1.9	)	0.9		9.5		(1.6	)	6.9
2011	(2.3	)	(4.1	)	(3.7	)	(0.6	)	(10.7	)

	Cash flow before financing activities (1)
	Q1		Q2		Q3		Q4		FY
2010	(1.8	)	15.7		18.9		—		32.8
2011	5.5		3.2		5.1		7.2		21.0

	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4		FY
2010	2.8		(11.5	)	(18.9	)	(1.8	)	(29.4	)
2011	(8.5	)	(1.4	)	(7.4	)	(7.4	)	(24.7	)




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

		Dividends to NACCO
		Q1	Q2	Q3	Q4	FY
2010		3.0	3.0	3.0	15.6	24.6
2011		5.0	5.0	5.0	57.9	72.9

		Total debt
		Q1	Q2	Q3	Q4	FY
2010		52.5	44.1	28.2	41.9	41.9
2011		38.4	43.7	41.4	94.0	94.0

		Equity						Return on Equity (2)
		Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2010		132.1	140.5	148.5	141.5	141.5	2010	45.4	%	45.4	%	41.5	%	28.7	%	28.7	%
2011		143.7	143.4	144.3	96.1	96.1	2011	27.3	%	22.2	%	18.5	%	22.0	%	22.0	%

(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
2010	(1.7	)	(3.1	)	(2.0	)	(4.0	)	(10.8	)
2011	(2.5	)	(1.1	)	(0.9	)	(2.8	)	(7.3	)

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	(0.1	)	0.1		—		—		—
2011	—		—		—		—		—

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2010	2.8		4.8		6.5		6.6		20.7
2011	(56.8	)	0.3		0.2		0.2		(56.1	)

	Income (Loss) Before Taxes
	Q1		Q2		Q3		Q4		FY
2010	(4.4	)	(8.0	)	(8.5	)	(10.6	)	(31.5	)
2011	54.3		(1.4	)	(1.1	)	(3.0	)	48.8

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2010	(3.0	)	(5.3	)	(6.1	)	(6.0	)	(20.4	)
2011	34.7		(1.0	)	(0.7	)	(2.3	)	30.7