NACCO Industries

NACCO Industries, Inc.

File:NACCO Industries logo.png
Company type	Public Company
Traded as	NYSE: NC Russell 2000 Index component
Founded	1913
Headquarters	Cleveland, Ohio , United States
Key people	J.C. Butler, Jr. (Chief Executive Officer)
Products	Service Mining
Revenue	IncreaseUS$140.0 million(FY 2019)
Operating income	IncreaseUS$56.1 million(FY 2019)
Net income	IncreaseUS$39.6 million(FY 2019)
Total assets	IncreaseUS$444.7 million(FY 2019)
Total equity	IncreaseUS$289.3 million(FY 2019)
Number of employees	2,400
Divisions	North American Coal Corporation
Website	www.nacco.com

NACCO Industries, Inc. is a publicly listed holding company based in Cleveland, Ohio, United States. The company manages a diverse portfolio of mining and natural resource enterprises, organized into three primary divisions: Coal Mining, North American Mining, and Minerals Management. Its Coal Mining division operates surface coal mines through long-term agreements with power producers and an activated carbon manufacturer, following a service-oriented business approach. The North American Mining segment offers contract mining and supplementary services aimed at producers of aggregates, lithium, and various other minerals. Meanwhile, the Minerals Management division focuses on advancing the company’s oil, gas, and coal assets, primarily earning revenue via royalty-based lease payments from external parties. Additionally, NACCO delivers stream and wetland mitigation services.

History

File:2018-01-15 (134) 31 54 5377 968-9 at Bahnhof St. Valentin.jpg

NACCO railcar at St. Valentin train station, Austria (2018)

The origins of NACCO Industries date back to 1913 with the establishment of the Cleveland and Western Coal Company. In 1925, it was renamed The North American Coal Corporation (NACCO), focusing exclusively on coal operations until it broadened its scope by acquiring Yale Materials Handling Corporation in 1985. The following year marked the formation of the holding entity known as NACCO Industries, Inc. Expansion into the housewares sector occurred with the acquisitions of Proctor Silex in 1988 and Hamilton Beach in 1990. In addition to these moves, NACCO enhanced its materials handling presence by purchasing the Hyster Company in 1989. Yale Materials Handling Corporation and Hyster were later merged to create Hyster-Yale Materials Handling, which was spun off as an independent entity in 2012. In 2017, NACCO divested Hamilton Beach Brands along with Kitchen Collections through a spin-off transaction.

External links

• Official website