8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): May 10, 2006

NACCO INDUSTRIES, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

1-9172	34-1505819
(Commission File Number)	(IRS Employer Identification Number)
5875 Landerbrook Drive, Cleveland, OH	44124-4017
(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:

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

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

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

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

TABLE OF CONTENTS

EX-99.1 NACCO Industries, Inc.'s Subsidiary

EX-99.2 Updated Lift Truck Market Data

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

     On May 10, 2006 NACCO Industries, Inc. (the “Company”) will update its Subsidiary Companies’ Business Highlights web pages on its website, www.nacco.com, to include supplemental information about the Company’s subsidiaries not previously disclosed. In addition, the Company will post updated lift truck market data on its website. The updated Subsidiary Companies’ Business Highlights information and the updated lift truck market data are attached as Exhibits 99.1 and 99.2 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 Items 2.02 and 7.01 of Form 8-K, insofar as they disclose historical information regarding the Company’s results of operations.

     In accordance with General Instructions B.2, B.5 and B.6 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, 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, shall not 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, nor shall it be deemed an admission as to the materiality of such information.

Item 9.01 Financial Statements and Exhibits.

     As described in Items 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

99.1	NACCO Industries, Inc.’s Subsidiary Companies’ Business Highlights information, as posted on the NACCO Industries, Inc. website at www.nacco.com on May 10, 2006.
99.2	Updated lift truck market data, as posted on the NACCO Industries, Inc. website at www.nacco.com on May 10, 2006.

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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.

NACCO INDUSTRIES, INC.
By:	/s/ Kenneth C. Schilling
	Name:	Kenneth C. Schilling
	Title:	Vice President and Controller

Date: May 10, 2006

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	NACCO Industries, Inc.’s Subsidiary Companies’ Business Highlights information, as posted on the NACCO Industries, Inc. website at www.nacco.com on May 10, 2006.
99.2	Updated lift truck market data, as posted on the NACCO Industries, Inc. website at www.nacco.com on May 10, 2006.

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EX-99.1

Exhibit 99.1

Subsidiary Business Highlights

NACCO Materials Handling Group Business Highlights

Leading Global Lift Truck Manufacturer

• Leading market share positions with large installed population base

• Comprehensive global product line undergoing significant redesign

• Globally integrated operations with significant economies of scale

Leading Brands and Market Shares

Hyster and Yale are among the most recognized brands in the lift truck industry

• Leading market share positions in the Americas and worldwide

• Both brands in business for more than 75 years

Strong heritage customer base in complementary market segments

• Hyster – large, heavy-duty applications

• Yale – lighter-duty and warehouse applications

2005 market share in Class I through V industrial lift trucks in the Americas of 25%

• 2005 global market share of 12%

• Significant growth opportunities in Europe, Asia-Pacific and China

Comprehensive Product Line

• Class 1: Electric counterbalanced rider trucks: 1 ton — 5.5 ton capacity

• Class 2: Electric narrow aisle trucks: 1.5 ton — 6 ton capacity

• Class 3: Electric hand trucks: 1.5 ton — 8 ton capacity

• Class 4: Internal combustion engine counterbalanced trucks, cushion tire: 1 ton — 7 ton capacity

• Class 5: Internal combustion engine counterbalanced trucks, pneumatic tire: 1 ton — 52 ton capacity

Global Scope of Operations

• NMHG global locations

Global Economies of Scale

• NMHG economies of scale strategy

Large Global Installed Population

• Estimated 765,000 Hyster and Yale lift trucks in operation worldwide (as of December 31, 2005)

• Large installed base provides barrier to entry and assures ongoing parts revenue

• More than 66% of total parts for the Hyster and Yale installed base are captured by NMHG in the Americas market (as of December 31, 2005)

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• Comprehensive global proprietary and “all-makes” service parts program

• Service parts result in recurring, higher-margin revenues

Experienced Management Team

• Strong team of long-term NMHG managers and executives

• Supplemented by professionals with previous management experience at leading industrial companies, such as Case, Toyota, Ingersoll Rand and Cummins

Highly Professional Dealers

• Strong, stable network of independent dealers in key U.S. markets

• Global operations supplying both Hyster and Yale dealer networks

• Independently owned and operated dealers with exclusivity

• Defined sales territories

• Company-owned dealers

• Strong global distribution drives market share

Leading National Accounts Program

• Industry-leading, direct-sales national accounts program

• Over 200 national accounts in a wide range of industries (as of December 31, 2005)

• Key exclusive accounts, including Costco stores, Lowe’s stores, Saturn and GM (North America, China, Brazil)

• Industry-leading capabilities in fleet management and financial services in key markets

• Growing global account program

Diversified Customer Base

• NMHG markets industrial lift trucks into over 600 different end-user applications in 900 industries (as of December 31, 2005)

• Top 10 customers accounted for approximately 10% and 6% of 2005 Americas and Consolidated unit sales, respectively

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Hamilton Beach/Proctor-Silex Business Highlights

Leading Brands and Market Shares

• One of the leading companies in small kitchen and garment care appliances in North America

• Significant share position in 26 categories in small kitchen and garment care appliances

• One of the leading companies in the commercial small appliance category, with significant share positions in commercial blenders and spindle mixers

• Broad complement of key brand names targeted at distinct consumer segments

• Recent entry into high-end market with Hamilton Beach^® Eclectrics^™ brand

• New low-end Traditions by Proctor Silex^™ brand protects heritage of other brands

Most Comprehensive Product Line

• Automatic Drip Coffee Makers

• Blenders

• Can Openers

• Carafes

• Coffee Mills

• Deep Fryers

• Drink Mixers

• Electric Knives

• Espresso/Cappuccino Makers

• Fifth Burners

• Food Choppers

• Food Processors

• Griddles

• Hand Blenders

• Hand Mixers

• Hot Pots

• Indoor Grills

• Ice Cream Makers

• Ice Shavers

• Ice Tea Makers

• Irons

• Juice Extractors

• Juicers

• Kettles

• Percolators

• Rice Cooker/Food Steamers

• Roaster Ovens

• Rotisseries

• Skillets

• Slow Cookers

• Stand Mixers

• Toasters

• Toaster Ovens

• Travel Irons/Steamers

• Coffee Urns

• Waffle Bakers

Strong Retailer Relationships

• Approximately 1,500 active accounts

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• Has been named Category Captain at Wal-Mart, Kmart and 21 other accounts and has throughout the years received Vendor-of-the-Year awards at Wal-Mart, Target, Kmart and others

Low Cost Producer

• Recent plant and production facility restructuring and increased outsourcing enhance low cost position

• Industry-leading working capital management

Strong Supplier Relationships

• Source finished products through more than 20 Chinese suppliers, typically with a lead supplier for each product category

• Working with multiple suppliers allows HB/PS to bring a wide variety of products to market quickly

Experienced Management Team

• Senior management team averages more than 10 years of experience at HB/PS and more than 20 years of relevant experience

• Highly professional team with significant tenure at HB/PS, as well as experience from industry-leading consumer companies, including General Electric Co. (UK), Fuji Film, Young & Rubicam and Cooper Tire

Increasing Number of Innovative Products

Hamilton Beach^® BrewStation^™ Coffee maker

• Breakthrough new product

• The #1 selling coffee maker product family in America (as of December 31, 2005)

• Driven significant high-margin growth

Hamilton Beach^® Wave~Action™ Blenders

• Wave-Action™ system forces mixture down into the blades for smoother results

Hamilton Beach^® Stay-or-Go™ Slow Cooker

• Clip tight lid locks on to prevent messy spills

• Large, full grip handles make carrying easier

Hamilton Beach^® Revolution™ Ice Shaver

• Key restaurant and bar business

• For smoothies, milkshakes, daiquiris, margaritas and more

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Kitchen Collection Business Highlights

Successful, Proven Format

• Well-tested Kitchen Collection format has helped KCI become the leading retailer of kitchenware in outlet malls, with 195 stores (as of December 31, 2005)

Enclosed Mall Format

• New stores located in enclosed malls focused on high-margin gadgets

• Gadgets deliver high margins and are small items that take up little shelf space

• 18 permanent, enclosed mall stores continue to operate in test mode in order to optimize profitability (as of December 31, 2005)

• Potential market of over 500 traditional enclosed malls nationwide

Continuous Improvement

• Kitchen Collection has developed specific approaches over time to improve the three main retail performance drivers

• Number of customer visits

• Percentage of visitors who purchase

• Average dollar amount of sales

• KCI continually tests and implements new approaches to further improve these key drivers

Disciplined Overhead Management

• Small home office staff provides merchandising expertise, accounting, information systems and oversight

• Minimum number of full-time employees at store level

SKU Profitability Optimization

• Economic Value Income (EVI) business tool helps achieve the greatest possible return per cubic foot of retail space by optimizing product mix and space allocation

Leading Brand Names

• KCI sells Hamilton Beach^® and Proctor Silex^® kitchen electrics, including close-out and excess inventory items from HB/PS

• Other top brands sold by KCI include Kitchen Aid, WearEver and OXO

• KCI also exclusively sells Hamilton Beach^®- and Proctor Silex^®-branded non-electric gadgets, bakeware and cookware

Efficient Supply Chain

• Recent warehouse upgrade allows higher throughput in same space

• Many high-volume products ship directly to store locations from U.S.-based vendors

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North American Coal Corporation Business Highlights

Coal Production Overview

Coal fuels about 50% of the country’s electrical generation

• Nuclear 20%

• Hydroelectric 7%

• Fuel Oil 2%

• Biomass 2%

• Other 1%

The country’s abundant recoverable coal reserves of over 269 billion tons help to provide a lower-cost energy source and U.S. energy independence

• Coal production in the U.S. in 2005 was approximately 1.1 billion tons

• Coal is one of the lowest cost fuels for base-load electric power generation, considerably less expensive than natural gas or oil

• Natural gas prices are likely to continue to stay high due to domestic supply limitations

Energy sector shows moderate growth, but growth could be higher in coal industry if natural gas prices stay high and coal gasification technology continues to develop

• New technologies, including coal gasification, show promise in cost-effectively reducing emissions

NAC Focuses on Lignite Coal

NAC is the nation’s largest miner of lignite coal, and the 7th largest coal producer nationwide as of December 31, 2005, delivering 34.7 million tons of lignite coal in 2005

NAC has 2.3 billion tons of lignite coal reserves, including unconsolidated project mining operations, of which 1.2 billion tons are committed to current customers (as of December 31, 2005)

Click on the diagram at right to see a comparison of lignite coal to other types of coal

Diverse Mining Locations

Click on the map at right to see NAC’s mine locations

Dependable Financial Performance

• Steady operating income and cash flow before financing activities

• High returns on equity

Minimal Exposure to Coal Prices

• Contracts structured to minimize exposure to fluctuations in coal prices

• Long-term agreements establish mining services NAC will perform and mechanisms for compensation

Stable Operating Income Streams

Three Unconsolidated Project Mining Operations (North Dakota and Texas)

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• Cost plus profit per ton with incentive agreements

• Modest up front equity investment by NAC

• Debt financing guaranteed by utility customer; non-recourse to NAC; no coal market price risk

• Long-term contracts (2020-2037)

• 2005 deliveries, 27.4 million tons

Three Consolidated Mining Operations (Louisiana, Texas and Mississippi)

• Fixed price with cost escalator negotiated up front

• NAC assumes operating risks; greater initial capital investment and greater profit opportunity

• Financing shifted to NAC

• Long-term contracts (2007-2032)

• 2005 deliveries, 7.5 million tons

Three Limerock Dragline Mining Operations (Florida)

• Fixed fee per cubic yard of limerock removed from quarry, including annual price escalator

• 2005 deliveries, 25.2 million cubic yards

Outstanding Mining Skills

• Use of technology to increase efficiency

• Award-winning environmental protection and safety record

Future Mining Project Potential

• Potential for further lignite mining projects

• Potential for additional limerock dragline mining projects

• Potential for mining other natural resources

Coal Gasification Project Potential

• Pursue various projects related to new coal-based energy technologies

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EX-99.2

Lift Truck Market Size Data Exhibit 99.2

	1972		1973		1974		1975		1976		1977		1978		1979		1980		1981
Europe (2)		91,305		116,797		133,977		101,492		105,469		127,299		132,566		147,328		155,884		122,620
North America (1) (2)		83,718		97,382		120,770		35,404		64,943		79,976		94,257		97,183		70,593		63,223
A/P, China and Japan (2)		N/A		N/A		N/A		N/A		N/A		N/A		N/A		N/A		N/A		N/A
	1982		1983		1984		1985		1986		1987		1988		1989		1990		1991
Europe (2)		110,638		107,677		108,286		118,885		116,910		129,042		149,802		165,095		176,947		165,968
North America (1) (2)		46,381		62,476		84,579		91,942		99,215		110,359		112,425		116,607		105,508		94,828
A/P, China and Japan (2)		N/A		N/A		N/A		N/A		N/A		N/A		N/A		N/A		N/A		N/A
	1992		1993		1994		1995		1996		1997		1998		1999		2000		2001
Europe (2)		150,250		121,922		135,318		152,667		174,953		176,294		187,902		219,615		227,697		274,681
North America (1) (2)		106,590		120,679		154,167		162,725		152,763		178,456		192,192		197,436		205,033		145,967
Total Americas (1) (2)		114,411		127,308		162,261		171,682		168,170		193,413		207,018		209,843		223,499		161,316
A/P, China and Japan (2)		134,635		123,913		119,733		135,050		148,135		148,441		111,848		104,781		122,354		123,780
	2002		2003		2004		2005		2006E		2007E		2008E		2009E		2010E
Europe (2)		256,717		263,972		286,546		302,158		305,000		307,000		310,000		313,000		315,000
North America (1) (2)		144,529		151,911		182,450		194,475		207,000		202,900		200,000		204,800		209,600
Total Americas (1) (2)		156,702		166,328		203,552		218,908		227,500		218,400		217,300		225,800		233,800
A/P, China and Japan (2)		129,333		146,334		171,000		195,386		207,700		210,000		210,900		220,500		234,300

Lift truck market size history – source: ITA, JIVA, FEM, WITA

Industry forecast – source: DRI-WEFA and Oxford Economic Forecast

(1)	Total Americas numbers for 1992-2010 include North America Commercial, Government and Latin America. Prior years are North America Commercial only.
(2)	Industry information is based upon the reporting basis of each individual region, which varies according to the industry trade groups in that region:

Americas – Retail bookings
Europe & Japan – Factory Shipments
A/P & China – Factory Bookings