NACCO Industries(NC)

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NACCO Industries(NC) - 2021 Q2 - Quarterly Report
2021-08-04 20:58
(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9172 NACCO INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 34-1505819 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 5875 Lande ...
NACCO Industries(NC) - 2021 Q1 - Earnings Call Transcript
2021-05-09 05:54
NACCO Industries, Inc. (NYSE:NC) Q1 2021 Earnings Conference Call May 6, 2021 8:30 AM ET Company Participants Christina Kmetko - IR Consultant John Butler - President, CEO & Director Elizabeth Loveman - VP, Controller & Principal Financial Officer Conference Call Participants Andrew Kuhn - Focused Compounding Capital Management Operator Ladies and gentlemen, welcome to the Connectco Industries First Quarter Earnings Call - Apologies, ladies and gentlemen, welcome to the NACCO Industries First Quarter Earnin ...
NACCO Industries(NC) - 2021 Q1 - Quarterly Report
2021-05-05 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
NACCO Industries(NC) - 2020 Q4 - Earnings Call Transcript
2021-03-04 21:38
NACCO Industries, Inc. (NYSE:NC) Q4 2020 Results Conference Call March 4, 2021 8:30 AM ET Company Participants Christina Kmetko - IR J.C. Butler - President and CEO Elizabeth Loveman - VP and Controller Conference Call Participants Andrew Kuhn - Focused Compounding Trey Henninger - DIY Investing Operator Ladies and Gentlemen, thank you for standing by. And welcome to the NACCO Industries Fourth Quarter and Full Year Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn the call ove ...
NACCO Industries(NC) - 2020 Q4 - Annual Report
2021-03-03 22:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K Securities registered pursuant to Section 12(b) of the Act (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-9172 NACCO INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 34-1505819 (State or ot ...
NACCO Industries(NC) - 2020 Q3 - Earnings Call Transcript
2020-11-03 21:50
NACCO Industries, Inc. (NYSE:NC) Q3 2020 Earnings Conference Call November 3, 2020 8:30 AM ET Company Participants Christina Kmetko - IR J.C. Butler - President & CEO Elizabeth Loveman - VP & Controller Conference Call Participants Andrew Kuhn - Focused Compounding Capital Management Trey Henninger - DIY Investing Operator Ladies and gentlemen, thank you for standing by, and welcome to the NACCO Industries Third quarter Earnings Conference Call. [Operator Instructions] Please be advised that today's confere ...
NACCO Industries(NC) - 2020 Q3 - Quarterly Report
2020-11-02 22:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...
NACCO Industries(NC) - 2020 Q2 - Earnings Call Transcript
2020-08-09 07:37
NACCO Industries, Inc. (NYSE:NC) Q2 2020 Earnings Conference Call August 6, 2020 8:30 AM ET Company Participants Christina Kmetko - IR Consultant John Butler - President, CEO & Director Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the NACCO Industries Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. I would now like to hand t ...
NACCO Industries(NC) - 2020 Q2 - Quarterly Report
2020-08-05 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
NACCO Industries(NC) - 2020 Q1 - Earnings Call Transcript
2020-05-08 17:49
Financial Data and Key Metrics Changes - Consolidated net income for Q1 2020 decreased to $6.2 million or $0.88 per share from $15 million or $2.15 per share in the previous year [14] - The decrease was primarily driven by a significant reduction in earnings from the minerals management segment, which benefited from a large number of new gas wells in 2019 [14] - The Coal segment's operating profit was substantially lower due to increased costs per ton delivered and reduced tons delivered at unconsolidated operations [14] Business Line Data and Key Metrics Changes - The Coal Mining segment's operating profit decreased significantly, particularly at Mississippi Lignite Mining Company, due to increased costs and reduced customer demand [14] - North American Mining saw a significant improvement in operating profit due to new mining contracts and increased tons delivered to existing customers, partially offsetting declines in coal and minerals management [14][18] Market Data and Key Metrics Changes - The evolving COVID-19 pandemic, low natural gas prices, and increased renewable generation could reduce customer demand, negatively impacting the 2020 outlook for the coal business [17] - Limestone deliveries in North American Mining are expected to increase, with operating results improving significantly over 2019 due to new limestone mining contracts [18] Company Strategy and Development Direction - The company is exploring options to keep the Coal Creek Station power plant operational, which is critical for the local economy and its operations [12][13] - The focus remains on maintaining a diverse portfolio of mineral interests and expanding the business through acquisitions, particularly in the oil and gas sector [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed that customer demand has not been materially affected by the pandemic, and there have been no significant issues with suppliers or vendors [11] - The company anticipates coal deliveries and operating profit to be comparable to 2019, although challenges remain due to external market conditions [16] Other Important Information - The company ended the quarter with consolidated cash of $93.7 million and debt of $34.6 million, and suspended share repurchase activity due to COVID-19 uncertainty [19] - The CARES Act has provided a tax benefit for the first quarter of 2020, despite having pretax income [15] Q&A Session Summary Question: Regarding the economic viability of Coal Creek Station - Management believes Coal Creek Station is an efficient power plant with a high dispatch rate, indicating its competitiveness [23] - There are differing views in the industry regarding the value of dispatchable generation, which could affect perceptions of the plant's worth [24][26] Question: Disclosure of oil and gas interest acreage - The decision to disclose the exact number of acres was made to provide clarity to stakeholders about the size of the reserve base [28] Question: Decision-making process for Catapult Mineral Partners' stock purchases - Decisions are made jointly within a flat organizational structure, with a focus on long-term investments rather than short-term trading [31][33] Question: Details on dragline acquisition costs and lifespan - Dragline costs can range from a few million to over $100 million, with proper maintenance allowing for decades of operation [40][45] Question: Clarification on long-term incentive compensation and payroll liabilities - The majority of the cash flow related to long-term incentive compensation was a one-time payment due to the settlement of deferred compensation plans [50][56]