EX-99 2 l18814aexv99.htm EX-99 ADDITIONAL HISTORICAL QUARTERLY FINANCIAL DATA EX-99
 

Exhibit 99
NACCO Industries, Inc. — Consolidated
(in millions, except percentage data)
                     
    Revenues
    Q1   Q2   Q3   Q4   FY
2004
   614.2   644.3   668.0   856.1   2,782.6
2005
   727.8   778.5   744.3   906.8   3,157.4
                     
    Operating Profit
    Q1   Q2   Q3   Q4   FY
2004
   5.3   14.0   20.8   47.9   88.0
2005
   12.2   25.5   27.8   42.5   108.0
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   11.8   11.4   11.0   11.0   45.2
2005
   10.4   10.7   11.5   10.7   43.3
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   0.2   (1.2)   (7.2)   (1.3)   (9.5)
2005
   (1.4)   (0.6)   (0.6)   (3.5)   (6.1)
                     
    Income Before Taxes, Minority Interest,
    Extraordinary Gain (Loss) and
    Cumulative Effect of Accounting Changes
    Q1   Q2   Q3   Q4   FY
2004
   (6.7)   3.8   17.0   38.2   52.3
2005
   3.2   15.4   16.9   35.3   70.8
                     
    Net Income
    Q1   Q2   Q3   Q4   FY
2004
   (4.5)   6.4   13.4   32.6   47.9
2005
   5.2   11.3   13.6   32.4   62.5
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   28.4%   -65.8%   21.8%   15.7%   10.1%
2005
   -59.4%   26.6%   19.5%   21.5%   18.5%
                     
    Restructuring Expense (Reversal)
    Q1   Q2   Q3   Q4   FY
2004
   9.1   (1.1)   (0.3)   (0.1)   7.6
2005
   —   (0.5)   —   3.2   2.7
                     
    Restructuring Accrual Balance
    Q1   Q2   Q3   Q4   FY
2004
   13.6   9.8   8.2   6.2   6.2
2005
   5.4   4.0   3.3   5.7   5.7
                     
    Depreciation, depletion and
    amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   16.1   15.7   15.6   15.5   62.9
2005
   16.1   15.2   15.5   16.8   63.6
                     
    Net Working Capital (1)
    Q1   Q2   Q3   Q4   FY
2004
   333.3   365.6   450.8   377.7   377.7
2005
   407.6   437.4   491.3   420.9   420.9
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   10.8   15.7   14.6   16.1   57.2
2005
   15.1   16.5   20.0   19.1   70.7
                     
    Net cash provided by (used for) operating activities
    Q1   Q2   Q3   Q4   FY
2004
   13.1   (11.8)   (29.2)   154.1   126.2
2005
   (33.7)   (12.4)   (3.2)   124.5   75.2
                     
    Net cash provided by (used for) investing activities
    Q1   Q2   Q3   Q4   FY
2004
   (6.9)   (14.3)   (10.3)   (8.8)   (40.3)
2005
   (12.6)   (10.5)   (17.6)   (15.6)   (56.3)

1

 

 

NACCO Industries, Inc. — Consolidated
(in millions, except percentage data)
                     
    Cash flow before financing activities (2)
    Q1   Q2   Q3   Q4   FY
2004
   6.2   (26.1)   (39.5)   145.3   85.9
2005
   (46.3)   (22.9)   (20.8)   108.9   18.9
                     
    Net cash provided by (used for) financing activities
    Q1   Q2   Q3   Q4   FY
2004
   (22.2)   21.6   25.5   (29.0)   (4.1)
2005
   10.7   (6.2)   21.9   (28.2)   (1.8)
                     
    Dividends Paid to Shareholders
    Q1   Q2   Q3   Q4   FY
2004
   3.1   3.2   3.7   3.8   13.8
2005
   3.7   3.8   3.8   3.9   15.2
                     
    Total debt
    Q1   Q2   Q3   Q4   FY
2004
   416.4   440.9   469.1   449.7   449.7
2005
   463.7   460.5   487.2   467.2   467.2
                     
    Equity
    Q1   Q2   Q3   Q4   FY
2004
   629.9   630.0   644.1   688.0   688.0
2005
   682.1   677.5   687.3   703.3   703.3
                     
    Return on Equity (3)
    Q1   Q2   Q3   Q4   FY
2004
   7.3%   6.7%   6.8%   7.4%   7.4%
2005
   8.8%   9.4%   9.3%   9.1%   9.1%
 
(1)   Net working capital is equal to accounts receivable, net plus inventories 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.

2

 

 

NACCO Materials Handling Group — Consolidated
(in millions, except percentage data)
                     
    Revenues
    Q1   Q2   Q3   Q4   FY
2004
   470.8   495.7   494.5   595.9   2,056.9
2005
   583.9   618.1   563.5   634.4   2,399.9
                     
    Gross Profit
    Q1   Q2   Q3   Q4   FY
2004
   74.2   73.0   73.9   87.0   308.1
2005
   80.5   91.8   82.9   89.6   344.8
                     
    Operating Expenses
    Q1   Q2   Q3   Q4   FY
2004
   68.2   68.0   68.7   74.9   279.8
2005
   74.4   74.7   70.7   77.5   297.3
                     
    Operating Profit
    Q1   Q2   Q3   Q4   FY
2004
   6.0   5.0   5.2   12.1   28.3
2005
   6.1   17.1   12.2   12.1   47.5
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   8.3   8.1   7.7   7.5   31.6
2005
   7.4   7.7   8.3   7.9   31.3
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   (0.3)   (1.1)   (7.4)   (1.6)   (10.4)
2005
   (1.6)   (0.5)   (0.7)   (3.5)   (6.3)
                     
    Income (Loss) Before Taxes, Minority Interest
    and Cumulative Effect of Accounting Changes
    Q1   Q2   Q3   Q4   FY
2004
   (2.0)   (2.0)   4.9   6.2   7.1
2005
   0.3   9.9   4.6   7.7   22.5
                     
    Net Income (Loss)
    Q1   Q2   Q3   Q4   FY
2004
   (1.0)   1.1   4.4   6.2   10.7
2005
   0.3   7.5   4.5   5.8   18.1
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   35.0%   n.m.   12.2%   -1.6%   -45.1%
2005
   33.3%   24.2%   2.2%   24.7%   20.0%
                     
    Restructuring Expense (Reversal)
    Q1   Q2   Q3   Q4   FY
2004
   —   (1.0)   —   (0.4)   (1.4)
2005
   —   (0.5)   —   (0.7)   (1.2)
                     
    Restructuring Accrual Balance
    Q1   Q2   Q3   Q4   FY
2004
   7.5   4.9   4.6   4.5   4.5
2005
   4.0   2.8   2.5   1.8   1.8
                     
    Depreciation and amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   10.7   10.6   10.4   10.2   41.9
2005
   10.8   10.1   9.7   10.5   41.1
                     
    Net Working Capital (1)
    Q1   Q2   Q3   Q4   FY
2004
   248.6   264.4   322.7   270.3   270.3
2005
   305.9   334.5   349.4   305.7   305.7
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   7.0   11.2   8.8   6.4   33.4
2005
   8.6   9.4   10.9   14.7   43.6
                     
    Net cash provided by (used for) operating activities
    Q1   Q2   Q3   Q4   FY
2004
   24.3   (12.4)   (23.2)   91.3   80.0
2005
   (27.5)   (21.0)   (18.6)   79.0   11.9

3

 

 

NACCO Materials Handling Group — Consolidated
(in millions, except percentage data)
                     
    Net cash provided by (used for) investing activities
    Q1   Q2   Q3   Q4   FY
2004
   (3.1)   (10.3)   (4.9)   1.0   (17.3)
2005
   (6.1)   (3.7)   (8.8)   (11.5)   (30.1)
                     
    Cash flow before financing activities (2)
    Q1   Q2   Q3   Q4   FY
2004
   21.2   (22.7)   (28.1)   92.3   62.7
2005
   (33.6)   (24.7)   (27.4)   67.5   (18.2)
                     
    Net cash provided by (used for) financing activities
    Q1   Q2   Q3   Q4   FY
2004
   (30.8)   16.5   15.2   (27.2)   (26.3)
2005
   (2.7)   36.7   15.4   (6.3)   43.1
                     
    Dividends to NACCO
    Q1   Q2   Q3   Q4   FY
2004
   —   —   —   5.0   5.0
2005
   —   —   —   5.0   5.0
                     
    Total debt
    Q1   Q2   Q3   Q4   FY
2004
   277.2   292.9   307.2   290.5   290.5
2005
   286.6   322.2   338.5   341.5   341.5
                     
    Equity
    Q1   Q2   Q3   Q4   FY
2004
   425.4   422.1   430.3   446.8   446.8
2005
   437.6   432.7   435.9   427.6   427.6
                     
    Return on Equity (3)
    Q1   Q2   Q3   Q4   FY
2004
   3.3%   2.5%   2.9%   3.5%   3.5%
2005
   3.4%   4.6%   4.6%   4.2%   4.2%
 
(1)   Net working capital is equal to accounts receivable, net plus inventories 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.

4

 

 

NACCO Materials Handling Group — Wholesale
(in millions, except backlog, unit shipments and percentage data)
                     
    Backlog (in thousands)
    Q1   Q2   Q3   Q4   FY
2004
   24.5   24.7   26.8   25.7   25.7
2005
   27.5   23.9   25.6   23.5   23.5
                     
    Unit Shipments (in thousands)
    Q1   Q2   Q3   Q4   FY
2004
   17.6   18.8   18.7   22.4   77.5
2005
   19.9   22.0   19.1   22.4   83.4
                     
    Revenues - North America
    Q1   Q2   Q3   Q4   FY
2004
   264.9   288.7   296.5   351.6   1,201.7
2005
   354.3   376.3   369.6   388.3   1,488.5
                     
    Revenues - Europe
    Q1   Q2   Q3   Q4   FY
2004
   128.2   131.7   122.1   162.6   544.6
2005
   148.3   159.9   111.9   157.2   577.3
                     
    Revenues - Asia-Pacific
    Q1   Q2   Q3   Q4   FY
2004
   28.2   25.1   31.1   31.0   115.4
2005
   33.6   38.4   35.1   41.2   148.3
                     
    Revenues - Consolidated
    Q1   Q2   Q3   Q4   FY
2004
   421.3   445.5   449.7   545.2   1,861.7
2005
   536.2   574.6   516.6   586.7   2,214.1
                     
    Gross Profit $
    Q1   Q2   Q3   Q4   FY
2004
   62.9   61.9   61.9   75.1   261.8
2005
   69.5   80.8   70.5   80.3   301.1
                     
    Operating Expenses
    Q1   Q2   Q3   Q4   FY
2004
   55.5   55.7   57.2   61.0   229.4
2005
   60.6   63.7   57.6   65.1   247.0
                     
    Operating Profit $
    Q1   Q2   Q3   Q4   FY
2004
   7.4   6.2   4.7   14.1   32.4
2005
   8.9   17.1   12.9   15.2   54.1
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   6.7   6.5   6.1   6.2   25.5
2005
   6.2   7.4   7.5   7.0   28.1
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   (0.3)   (1.2)   (7.4)   (1.5)   (10.4)
2005
   (1.6)   (1.1)   (0.9)   (3.6)   (7.2)
                     
    Income Before Taxes, Minority Interest and
    Cumulative Effect of Accounting Changes
    Q1   Q2   Q3   Q4   FY
2004
   1.0   0.9   6.0   9.4   17.3
2005
   4.3   10.8   6.3   11.8   33.2
                     
    Revenues - North America - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   3.4%   14.7%   23.8%   9.4%   12.4%
2005
   33.7%   30.3%   24.7%   10.4%   23.9%
                     
    Revenues - Europe - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   24.8%   18.1%   19.0%   25.4%   22.0%
2005
   15.7%   21.4%   -8.4%   -3.3%   6.0%
                     
    Revenues - Asia-Pacific - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   19.0%   -3.5%   23.9%   14.8%   13.4%
2005
   19.1%   53.0%   12.9%   32.9%   28.5%
                     
    Revenues - Consolidated - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   10.1%   14.5%   22.5%   14.1%   15.1%
2005
   27.3%   29.0%   14.9%   7.6%   18.9%
                     
    Gross Profit %
    Q1   Q2   Q3   Q4   FY
2004
   14.9%   13.9%   13.8%   13.8%   14.1%
2005
   13.0%   14.1%   13.6%   13.7%   13.6%
                     
    Operating Expenses as a % of revenues
    Q1   Q2   Q3   Q4   FY
2004
   13.2%   12.5%   12.7%   11.2%   12.3%
2005
   11.3%   11.1%   11.1%   11.1%   11.2%
                     
    Operating Profit %
    Q1   Q2   Q3   Q4   FY
2004
   1.8%   1.4%   1.0%   2.6%   1.7%
2005
   1.7%   3.0%   2.5%   2.6%   2.4%
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   30.0%   n.m.   16.7%   5.3%   -1.2%
2005
   37.2%   17.6%   9.5%   27.1%   22.0%

5

 

 

NACCO Materials Handling Group — Wholesale
(in millions, except backlog, unit shipments and percentage data)
                     
    Net Income
    Q1   Q2   Q3   Q4   FY
2004
   1.0   3.0   5.1   8.8   17.9
2005
   2.8   8.9   5.7   8.6   26.0
                     
    Restructuring Expense (Reversal)
    Q1   Q2   Q3   Q4   FY
2004
   —   (1.0)   —   (0.1)   (1.1)
2005
   —   (0.5)   —   (0.7)   (1.2)
                     
    Restructuring Accrual Balance
    Q1   Q2   Q3   Q4   FY
2004
   6.9   4.4   4.2   4.3   4.3
2005
   3.8   2.7   2.5   1.8   1.8
                     
    Depreciation and amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   6.7   6.6   6.7   6.3   26.3
2005
   6.9   6.8   7.1   7.5   28.3
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   6.8   8.6   5.4   5.3   26.1
2005
   7.6   7.9   10.0   11.0   36.5

6

 

 

NACCO Materials Handling Group — Retail (net of eliminations)
(in millions, except percentage data)
                     
    Revenues - Europe
    Q1   Q2   Q3   Q4   FY
2004
   21.6   21.3   21.2   24.4   88.5
2005
   21.2   18.9   17.6   17.5   75.2
                     
    Revenues - Asia Pacific
    Q1   Q2   Q3   Q4   FY
2004
   27.9   28.9   23.6   26.3   106.7
2005
   26.5   24.6   29.3   30.2   110.6
                     
    Revenues - Consolidated
    Q1   Q2   Q3   Q4   FY
2004
   49.5   50.2   44.8   50.7   195.2
2005
   47.7   43.5   46.9   47.7   185.8
                     
    Operating Profit (Loss) $
    Q1   Q2   Q3   Q4   FY
2004
   (1.4)   (1.2)   0.5   (2.0)   (4.1)
2005
   (2.8)   —   (0.7)   (3.1)   (6.6)
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   1.6   1.6   1.6   1.3   6.1
2005
   1.2   0.3   0.8   0.9   3.2
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   —   0.1   —   (0.1)   —
2005
   —   0.6   0.2   0.1   0.9
                     
    Income (Loss) Before Taxes
    Q1   Q2   Q3   Q4   FY
2004
   (3.0)   (2.9)   (1.1)   (3.2)   (10.2)
2005
   (4.0)   (0.9)   (1.7)   (4.1)   (10.7)
                     
    Net Income (Loss)
    Q1   Q2   Q3   Q4   FY
2004
   (2.0)   (1.9)   (0.7)   (2.6)   (7.2)
2005
   (2.5)   (1.4)   (1.2)   (2.8)   (7.9)
                     
    Revenues - Europe - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   23.4%   7.0%   19.1%   5.6%   13.0%
2005
   -1.9%   -11.3%   -17.0%   -28.3%   -15.0%
                     
    Revenues - Asia Pacific - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   53.3%   53.7%   3.1%   13.4%   28.4%
2005
   -5.0%   -14.9%   24.2%   14.8%   3.7%
                     
    Revenues - Consolidated - % change yr. over yr.
    Q1   Q2   Q3   Q4   FY
2004
   36.0%   28.1%   10.1%   9.5%   20.0%
2005
   -3.6%   -13.3%   4.7%   -5.9%   -4.8%
                     
    Operating Profit (Loss) %
    Q1   Q2   Q3   Q4   FY
2004
   -2.8%   -2.4%   1.1%   -3.9%   -2.1%
2005
   -5.9%   0.0%   -1.5%   -6.5%   -3.6%
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   33.3%   34.5%   36.4%   18.8%   29.4%
2005
   37.5%   -55.6%   29.4%   31.7%   26.2%
                     
    Restructuring Expense (Reversal)
    Q1   Q2   Q3   Q4   FY
2004
   —   —   —   (0.3)   (0.3)
2005
   —   —   —   —   —
                     
    Restructuring Accrual Balance
    Q1   Q2   Q3   Q4   FY
2004
   0.6   0.5   0.4   0.2   0.2
2005
   0.2   0.1   —   —   —

7

 

 

Housewares — Consolidated *
(in millions, except percentage data)
                     
    Revenues
    Q1   Q2   Q3   Q4   FY
2004
   117.5   121.5   143.7   232.1   614.8
2005
   114.8   132.4   152.6   239.3   639.1
                     
    Gross Profit
    Q1   Q2   Q3   Q4   FY
2004
   25.1   28.3   33.8   63.4   150.6
2005
   25.5   30.1   37.0   63.5   156.1
                     
    Operating Expenses
    Q1   Q2   Q3   Q4   FY
2004
   34.5   26.0   25.4   32.8   118.7
2005
   26.2   26.6   26.2   37.8   116.8
                     
    Operating Profit
    Q1   Q2   Q3   Q4   FY
2004
   (9.4)   2.3   8.4   30.6   31.9
2005
   (0.7)   3.5   10.8   25.7   39.3
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   1.8   1.5   1.5   1.7   6.5
2005
   1.3   1.4   1.5   1.7   5.9
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   —   (0.4)   (0.2)   0.6   —
2005
   (0.2)   (0.5)   (0.3)   0.5   (0.5)
                     
    Income Before Taxes
    Q1   Q2   Q3   Q4   FY
2004
   (11.2)   1.2   7.1   28.3   25.4
2005
   (1.8)   2.6   9.6   23.5   33.9
                     
    Net Income
    Q1   Q2   Q3   Q4   FY
2004
   (6.5)   1.3   4.4   18.0   17.2
2005
   (1.1)   1.6   5.9   14.9   21.3
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   42.0%   n.m.   38.0%   36.4%   32.3%
2005
   38.9%   38.5%   38.5%   36.6%   37.2%
                     
    Restructuring Expense (Reversal)
    Q1   Q2   Q3   Q4   FY
2004
   9.1   (0.1)   (0.3)   0.7   9.4
2005
   —   —   —   3.9   3.9
                     
    Restructuring Accrual Balance
    Q1   Q2   Q3   Q4   FY
2004
   6.1   4.9   3.6   1.7   1.7
2005
   1.4   1.2   0.8   3.9   3.9
                     
    Depreciation and amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   2.5   2.2   2.1   2.1   8.9
2005
   1.9   1.7   1.8   2.4   7.8
                     
    Net Working Capital (1)
    Q1   Q2   Q3   Q4   FY
2004
   90.2   100.8   128.8   119.9   119.9
2005
   108.5   108.1   123.8   119.2   119.2

8

 

 

Housewares — Consolidated *
(in millions, except percentage data)
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   2.6   2.6   1.5   1.5   8.2
2005
   1.2   1.3   2.0   0.9   5.4
                     
    Net cash provided by (used for) operating activities
    Q1   Q2   Q3   Q4   FY
2004
   (3.4)   (9.0)   (16.5)   46.0   17.1
2005
   (2.4)   3.8   (1.8)   32.3   31.9
                     
    Net cash provided by (used for) investing activities
    Q1   Q2   Q3   Q4   FY
2004
   (2.6)   (2.5)   (1.1)   (1.5)   (7.7)
2005
   (1.2)   (0.9)   (2.0)   (0.7)   (4.8)
                     
    Cash flow before financing activities (2)
    Q1   Q2   Q3   Q4   FY
2004
   (6.0)   (11.5)   (17.6)   44.5   9.4
2005
   (3.6)   2.9   (3.8)   31.6   27.1
                     
    Net cash provided by (used for) financing activities
    Q1   Q2   Q3   Q4   FY
2004
   3.9   13.3   16.4   (44.3)   (10.7)
2005
   3.2   (2.5)   4.3   (31.2)   (26.2)
                     
    Dividends to NACCO
    Q1   Q2   Q3   Q4   FY
2004
   1.0   5.0   20.0   5.0   31.0
2005
   5.0   5.0   7.5   10.0   27.5
                     
    Total debt
    Q1   Q2   Q3   Q4   FY
2004
   40.0   58.7   95.0   55.7   55.7
2005
   63.9   66.6   78.4   57.2   57.2
                     
    Equity
    Q1   Q2   Q3   Q4   FY
2004
   148.6   151.3   135.8   149.4   149.4
2005
   144.1   140.6   139.9   145.0   145.0
                     
    Return on Equity (3)
    Q1   Q2   Q3   Q4   FY
2004
   10.7%   10.5%   10.2%   11.5%   11.5%
2005
   15.5%   15.9%   17.2%   14.8%   14.8%
 
* Housewares Consolidated includes Hamilton Beach/Proctor-Silex, Kitchen Collection and the related intercompany eliminations.
(1) Net working capital is equal to accounts receivable, net plus inventories 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.

9

 

 

Hamilton Beach/Proctor-Silex, Inc.
(in millions, except percentage data)
                     
    Revenues
    Q1   Q2   Q3   Q4   FY
2004
   96.6   101.1   118.7   190.9   507.3
2005
   94.6   111.3   128.4   193.4   527.7
                     
    Gross Profit $
    Q1   Q2   Q3   Q4   FY
2004
   15.8   18.9   22.6   44.9   102.2
2005
   16.4   20.7   26.1   43.7   106.9
                     
    Operating Expenses
    Q1   Q2   Q3   Q4   FY
2004
   24.4   15.4   14.4   19.8   74.0
2005
   15.3   15.4   14.8   24.4   69.9
                     
    Operating Profit $
    Q1   Q2   Q3   Q4   FY
2004
   (8.6)   3.5   8.2   25.1   28.2
2005
   1.1   5.3   11.3   19.3   37.0
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   1.7   1.5   1.3   1.6   6.1
2005
   1.2   1.3   1.3   1.5   5.3
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   (0.1)   (0.3)   (0.2)   0.6   —
2005
   (0.2)   (0.5)   (0.3)   0.5   (0.5)
                     
    Income (Loss) Before Taxes
    Q1   Q2   Q3   Q4   FY
2004
   (10.2)   2.3   7.1   22.9   22.1
2005
   0.1   4.5   10.3   17.3   32.2
                     
    Net Income (Loss)
    Q1   Q2   Q3   Q4   FY
2004
   (5.9)   1.9   4.4   14.8   15.2
2005
   0.1   2.8   6.4   11.0   20.3
                     
    Revenues % Change Year Over Year
    Q1   Q2   Q3   Q4   FY
2004
   0.9%   3.6%   -5.9%   10.2%   2.9%
2005
   -2.1%   10.1%   8.2%   1.3%   4.0%
                     
    Gross Profit %
    Q1   Q2   Q3   Q4   FY
2004
   16.4%   18.7%   19.0%   23.5%   20.1%
2005
   17.3%   18.6%   20.3%   22.6%   20.3%
                     
    Operating Expenses as a % of revenues
    Q1   Q2   Q3   Q4   FY
2004
   25.3%   15.2%   12.1%   10.4%   14.6%
2005
   16.2%   13.8%   11.5%   12.6%   13.2%
                     
    Operating Profit %
    Q1   Q2   Q3   Q4   FY
2004
   -8.9%   3.5%   6.9%   13.1%   5.6%
2005
   1.2%   4.8%   8.8%   10.0%   7.0%
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   42.2%   17.4%   38.0%   28.0%   31.2%
2005
   n.m.   37.8%   37.9%   36.4%   37.0%
                     
    Restructuring Expense (Reversal)
    Q1   Q2   Q3   Q4   FY
2004
   9.1   (0.1)   (0.3)   0.7   9.4
2005
   —   —   —   3.9   3.9
                     
    Restructuring Accrual Balance
    Q1   Q2   Q3   Q4   FY
2004
   6.1   4.9   3.6   1.7   1.7
2005
   1.4   1.2   0.8   3.9   3.9
                     
    Depreciation and amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   2.2   1.8   1.8   1.7   7.5
2005
   1.5   1.2   1.4   2.0   6.1
                     
    Net Working Capital (1)
    Q1   Q2   Q3   Q4   FY
2004
   78.2   87.6   113.4   110.6   110.6
2005
   94.3   93.6   107.5   107.4   107.4
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   2.3   1.3   1.3   1.1   6.0
2005
   1.0   0.9   1.7   0.8   4.4

10

 

 

Hamilton Beach/Proctor-Silex, Inc.
(in millions, except percentage data)
                     
    Net cash provided by (used for) operating activities
    Q1   Q2   Q3   Q4   FY
2004
   6.2   (7.3)   (14.2)   33.0   17.7
2005
   6.0   5.4   —   20.4   31.8
                     
    Net cash provided by (used for) investing activities
    Q1   Q2   Q3   Q4   FY
2004
   (2.3)   (1.2)   (0.9)   (1.1)   (5.5)
2005
   (1.0)   (0.5)   (1.7)   (0.6)   (3.8)
                     
    Cash flow before financing activities (2)
    Q1   Q2   Q3   Q4   FY
2004
   3.9   (8.5)   (15.1)   31.9   12.2
2005
   5.0   4.9   (1.7)   19.8   28.0
                     
    Net cash provided by (used for) financing activities
    Q1   Q2   Q3   Q4   FY
2004
   (5.4)   10.3   13.9   (32.0)   (13.2)
2005
   (5.0)   (4.5)   2.1   (19.3)   (26.7)
                     
    Dividends to NACCO
    Q1   Q2   Q3   Q4   FY
2004
   1.0   5.0   20.0   5.0   31.0
2005
   5.0   5.0   7.5   10.0   27.5
                     
    Total debt
    Q1   Q2   Q3   Q4   FY
2004
   30.6   46.3   80.2   53.2   53.2
2005
   53.2   53.9   63.5   54.2   54.2
                     
    Equity
    Q1   Q2   Q3   Q4   FY
2004
   139.0   142.4   126.7   137.1   137.1
2005
   133.0   130.7   130.5   131.8   131.8
                     
    Return on Equity (3)
    Q1   Q2   Q3   Q4   FY
2004
   9.3%   9.3%   9.1%   10.9%   10.9%
2005
   15.6%   16.5%   18.3%   15.3%   15.3%
 
(1)   Net working capital is equal to accounts receivable, net plus inventories 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.

11

 

 

The Kitchen Collection, Inc.
(in millions, except percentage data and number of stores)
                     
    Number of stores
    Q1   Q2   Q3   Q4   FY
2004
   183   185   187   188   188
2005
   186   191   194   195   195
                     
    Revenues
    Q1   Q2   Q3   Q4   FY
2004
   21.7   21.4   26.0   43.2   112.3
2005
   21.3   22.1   25.8   47.7   116.9
                     
    Gross Profit $
    Q1   Q2   Q3   Q4   FY
2004
   9.3   9.4   11.2   18.5   48.4
2005
   9.1   9.4   11.0   19.7   49.2
                     
    Operating Expenses
    Q1   Q2   Q3   Q4   FY
2004
   10.1   10.6   11.0   13.0   44.7
2005
   10.9   11.2   11.4   13.4   46.9
                     
    Operating Profit $
    Q1   Q2   Q3   Q4   FY
2004
   (0.8)   (1.2)   0.2   5.5   3.7
2005
   (1.8)   (1.8)   (0.4)   6.3   2.3
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   0.1   —   0.2   0.1   0.4
2005
   0.1   0.1   0.2   0.2   0.6
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   0.1   (0.1)   —   —   —
2005
   —   —   —   —   —
                     
    Income Before Taxes
    Q1   Q2   Q3   Q4   FY
2004
   (1.0)   (1.1)   —   5.4   3.3
2005
   (1.9)   (1.9)   (0.6)   6.1   1.7
                     
    Net Income
    Q1   Q2   Q3   Q4   FY
2004
   (0.6)   (0.6)   —   3.2   2.0
2005
   (1.2)   (1.1)   (0.4)   3.7   1.0
                     
    Average sales per store
    Q1   Q2   Q3   Q4   FY
2004
   0.1   0.1   0.1   0.2   0.5
2005
   0.1   0.1   0.1   0.3   0.6
                     
    Gross Profit %
    Q1   Q2   Q3   Q4   FY
2004
   42.9%   43.9%   43.1%   42.8%   43.1%
2005
   42.7%   42.5%   42.6%   41.3%   42.1%
                     
    Operating Expenses as a % of revenues
    Q1   Q2   Q3   Q4   FY
2004
   46.5%   49.5%   42.3%   30.1%   39.8%
2005
   51.2%   50.7%   44.2%   28.1%   40.1%
                     
    Operating Profit %
    Q1   Q2   Q3   Q4   FY
2004
   -3.7%   -5.6%   0.8%   12.7%   3.3%
2005
   -8.5%   -8.1%   -1.6%   13.2%   2.0%
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   40.0%   44.5%   n.m.   39.4%   39.4%
2005
   36.8%   42.1%   33.3%   39.3%   41.2%
                     
    Depreciation and amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   0.3   0.4   0.3   0.4   1.4
2005
   0.4   0.5   0.4   0.4   1.7
                     
    Net Working Capital (1)
    Q1   Q2   Q3   Q4   FY
2004
   12.5   13.5   15.7   9.7   9.7
2005
   14.4   14.8   16.7   12.1   12.1
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   0.3   1.3   0.2   0.4   2.2
2005
   0.2   0.4   0.3   0.1   1.0

12

 

 

The Kitchen Collection, Inc.
(in millions, except percentage data and number of stores)
                     
    Net cash provided by (used for) operating activities
    Q1   Q2   Q3   Q4   FY
2004
   (9.6)   (1.7)   (2.3)   13.0   (0.6)
2005
   (8.4)   (1.6)   (1.8)   11.9   0.1
                     
    Net cash provided by (used for) investing activities
    Q1   Q2   Q3   Q4   FY
2004
   (0.3)   (1.3)   (0.2)   (0.4)   (2.2)
2005
   (0.2)   (0.4)   (0.3)   (0.1)   (1.0)
                     
    Cash flow before financing activities (2)
    Q1   Q2   Q3   Q4   FY
2004
   (9.9)   (3.0)   (2.5)   12.6   (2.8)
2005
   (8.6)   (2.0)   (2.1)   11.8   (0.9)
                     
    Net cash provided by (used for) financing activities
    Q1   Q2   Q3   Q4   FY
2004
   9.3   3.0   2.5   (12.3)   2.5
2005
   8.2   2.0   2.2   (11.9)   0.5
                     
    Total debt
    Q1   Q2   Q3   Q4   FY
2004
   9.3   12.4   14.8   2.5   2.5
2005
   10.7   12.7   14.9   3.0   3.0
                     
    Equity
    Q1   Q2   Q3   Q4   FY
2004
   10.0   9.2   9.3   12.5   12.5
2005
   11.3   10.2   9.8   13.5   13.5
                     
    Return on Equity (3)
    Q1   Q2   Q3   Q4   FY
2004
   31.9%   29.7%   26.2%   19.4%   19.4%
2005
   13.4%   8.6%   4.7%   8.7%   8.7%
 
(1)   Net working capital is equal to accounts receivable, net plus inventories 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.

13

 

 

The North American Coal Corporation
(in millions, except percentage data)
                     
    Lignite tons delivered - Project mines
    Q1   Q2   Q3   Q4   FY
2004
   7.2   5.8   7.2   6.9   27.1
2005
   6.7   6.0   7.3   7.2   27.2
                     
    Lignite tons delivered - Non-project mines
    Q1   Q2   Q3   Q4   FY
2004
   1.8   1.6   2.0   1.9   7.3
2005
   1.8   1.8   1.9   2.0   7.5
                     
    Limerock yards delivered
    Q1   Q2   Q3   Q4   FY
2004
   4.2   5.1   4.5   5.1   18.9
2005
   5.2   4.9   6.5   8.6   25.2
                     
    Revenues
    Q1   Q2   Q3   Q4   FY
2004
   25.9   27.0   29.8   28.1   110.8
2005
   29.1   28.0   28.2   33.1   118.4
                     
    Gross Profit $
    Q1   Q2   Q3   Q4   FY
2004
   5.1   5.0   4.5   4.4   19.0
2005
   4.6   2.9   1.2   3.7   12.4
                     
    Earnings of unconsolidated project
    mining subsidiaries
    Q1   Q2   Q3   Q4   FY
2004
   8.5   7.2   8.4   7.4   31.5
2005
   8.4   7.7   9.4   8.3   33.8
                     
    Operating Expenses
    Q1   Q2   Q3   Q4   FY
2004
   4.8   5.2   5.1   5.1   20.2
2005
   5.9   5.2   5.2   6.1   22.4
                     
    Operating Profit $
    Q1   Q2   Q3   Q4   FY
2004
   8.8   7.0   7.8   6.7   30.3
2005
   7.1   5.4   5.4   5.9   23.8
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   1.9   1.9   1.9   2.0   7.7
2005
   2.4   2.1   2.1   1.8   8.4
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   —   —   —   —   —
2005
   —   —   —   —   —
                     
    Income Before Taxes and Cumulative Effect of Accounting Changes
    Q1   Q2   Q3   Q4   FY
2004
   6.9   5.1   5.9   4.7   22.6
2005
   4.7   3.3   3.3   4.1   15.4
                     
    Net Income
    Q1   Q2   Q3   Q4   FY
2004
   5.8   3.7   5.2   3.9   18.6
2005
   4.3   3.2   3.3   5.4   16.2
                     
    Gross Profit %
    Q1   Q2   Q3   Q4   FY
2004
   19.7%   18.5%   15.1%   15.7%   17.1%
2005
   15.8%   10.4%   4.3%   11.2%   10.5%
                     
    Operating Expenses as a % of the sum of Gross Profit
    plus Earnings of unconsolidated project mining
    subsidiaries
    Q1   Q2   Q3   Q4   FY
2004
   35.3%   42.6%   39.5%   43.2%   40.0%
2005
   45.4%   49.1%   49.1%   50.8%   48.5%
                     
    Operating Profit as a % of the sum of Gross Profit
    plus Earnings of unconsolidated project mining
    subsidiaries
    Q1   Q2   Q3   Q4   FY
2004
   64.7%   57.4%   60.5%   56.8%   60.0%
2005
   54.6%   50.9%   50.9%   49.2%   51.5%
                     
    Effective Income Tax Rate
    Q1   Q2   Q3   Q4   FY
2004
   15.9%   27.5%   11.9%   17.0%   17.7%
2005
   8.5%   3.0%   n.m.   -31.7%   -5.2%

14

 

 

The North American Coal Corporation
(in millions, except percentage data)
                     
    Depreciation, depletion and
    amortization expense
    Q1   Q2   Q3   Q4   FY
2004
   2.9   2.9   3.0   3.1   11.9
2005
   3.4   3.3   4.0   3.8   14.5
                     
    Capital Expenditures
    Q1   Q2   Q3   Q4   FY
2004
   1.2   1.9   4.2   8.2   15.5
2005
   5.3   5.8   7.0   3.5   21.6
                     
    Net cash provided by (used for) operating activities
    Q1   Q2   Q3   Q4   FY
2004
   12.0   5.1   8.6   15.4   41.1
2005
   8.3   (0.9)   10.8   8.2   26.4
                     
    Net cash provided by (used for) investing activities
    Q1   Q2   Q3   Q4   FY
2004
   (1.2)   (1.5)   (4.3)   (8.3)   (15.3)
2005
   (5.3)   (5.8)   (6.8)   (3.5)   (21.4)
                     
    Cash flow before financing activities (1)
    Q1   Q2   Q3   Q4   FY
2004
   10.8   3.6   4.3   7.1   25.8
2005
   3.0   (6.7)   4.0   4.7   5.0
                     
    Net cash provided by (used for) financing activities
    Q1   Q2   Q3   Q4   FY
2004
   (10.6)   (3.8)   (4.1)   (7.2)   (25.7)
2005
   (2.7)   6.5   1.2   (10.1)   (5.1)
                     
    Dividends to NACCO
    Q1   Q2   Q3   Q4   FY
2004
   3.7   2.1   1.0   1.8   8.6
2005
   2.2   3.0   0.5   0.7   6.4
                     
    Total debt
    Q1   Q2   Q3   Q4   FY
2004
   121.7   120.2   117.0   111.9   111.9
2005
   115.7   121.7   123.4   114.1   114.1
                     
    Equity
    Q1   Q2   Q3   Q4   FY
2004
   71.3   75.3   79.2   81.4   81.4
2005
   83.2   86.3   89.1   84.5   84.5
                     
    Return on Equity (2)
    Q1   Q2   Q3   Q4   FY
2004
   25.0%   25.0%   26.0%   24.8%   24.8%
2005
   21.9%   20.5%   17.5%   19.1%   19.1%
 
(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.

15

 

 

NACCO and Other
(in millions, except percentage data)
                     
    Operating Profit (Loss)
    Q1   Q2   Q3   Q4   FY
2004
   (0.1)   (0.3)   (0.6)   (1.5)   (2.5)
2005
   (0.3)   (0.5)   (0.6)   (1.2)   (2.6)
                     
    Interest (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   (0.2)   (0.1)   (0.1)   (0.2)   (0.6)
2005
   (0.7)   (0.5)   (0.4)   (0.7)   (2.3)
                     
    Other (Income) Expense
    Q1   Q2   Q3   Q4   FY
2004
   0.5   0.3   0.4   (0.3)   0.9
2005
   0.4   0.4   0.4   (0.5)   0.7
                     
    Income (Loss) Before Taxes, Extraordinary Gain (Loss) and
    Cumulative Effect of Accounting Changes
    Q1   Q2   Q3   Q4   FY
2004
   (0.4)   (0.5)   (0.9)   (1.0)   (2.8)
2005
   —   (0.4)   (0.6)   —   (1.0)
                     
    Extraordinary Gain (Loss)
    Q1   Q2   Q3   Q4   FY
2004
   —   —   —   0.5   0.5
2005
   —   —   —   4.7   4.7
                     
    Net Income (Loss)
    Q1   Q2   Q3   Q4   FY
2004
   (2.8)   0.3   (0.6)   4.5   1.4
2005
   1.7   (1.0)   (0.1)   6.3   6.9

16