| Business Summary | | NACCO
Industries,
Inc.
is
a
holding
company
whose
four
principal
operating
subsidiaries
function
in
three
distinct
industries,
lignite
mining,
lift
trucks
and
housewares.
The
Company's
wholly
owned
subsidiary,
North
American
Coal
Corp.
(NACoal),
mines
and
markets
lignite
for
use
primarily
as
fuel
for
power
providers.
NACoal
also
provides
dragline
mining
services
for
a
limerock
quarry
near
Miami,
Florida.
NACCO
Materials
Handling
Group
designs,
engineers,
manufactures,
sells
and
services
a
full
line
of
lift
trucks
and
service
parts
marketed
worldwide
under
the
Hyster
and
Yale
brand
names.
NACCO
Housewares
Group
consists
of
Hamilton
Beach-Proctor-Silex
Inc.,
a
manufacturer
and
marketer
of
small
electric
motor
and
heat-driven
appliances,
as
well
as
commercial
products
for
restaurants,
bars
and
hotels,
and
The
Kitchen
Collection,
Inc.,
a
national
specialty
retailer
of
brand-name
kitchenware,
small
electrical
appliances
and
related
accessories. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NC
is
a
holding
company
for
it's
four
subsidiaries.
These
subsidiaries
manufacture
forklift
trucks
and
parts,
and
small
electronic
appliances;
operate
kitchen
appliance
stores;
and
mine
and
market
lignite
coal.
For
the
six
months
ended
6/01,
revenues
fell
less
than
1%
to
$1.39
billion.
Net
income
before
accounting
change
fell
10%
to
$20.5
million.
Revenues
reflect
decreased
service
parts
sales.
Earnings
reflect
lower
absorption
of
overhead
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Alfred Rankin, Jr., 58 Chairman,
Pres and CEO | $2.3M | $1.3M | Reginald Eklund, 59 Pres
and CEO of NMHG | 1.5M | -- | Randolph Gawelek, 52 Pres
and CEO of KCI | -- | -- | Clifford Miercort, 60 Pres
and CEO of North American Coal | 1.8M | -- | Richard Posey, 53 Pres
and CEO of Hamilton Beach/Proctor-Silex | 690K | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|