NACCO Industries Inc5875 Landerbrook Dr., Suite 220 , Cleveland, Ohio, United States
Since Oct, 2016
NACCO Industries, Inc. is an operating holding company with subsidiaries in the following principal industries: mining, small appliances and specialty retail.
In 2015, consolidated adjusted revenues were $881.3* million and adjusted Income was $43.7* million.
NACCO is a publicly traded company listed on the New York Stock Exchange under the ticker symbol NC.
NACCO’s overall strategy is to increase shareholder value through strategic initiatives designed to increase each subsidiary's revenue and market share and achieve long- term profit growth.
- These initiatives are expected to drive each subsidiary company to achieve its financial goals
NACCO’s long-term perspective is reflected in four guiding principles:
- Ensure highly professional management teams;
- Attain industry-leading operational effectiveness and efficiencies;
- Build industry-leading market positions; and
- Create sustainable competitive advantage positions
NACCO History
NACCO dates back to 1913 with the incorporation of The Cleveland & Western Coal Company
- Name changed to The North American Coal Corporation in 1925 (Operated exclusively in the coal industry for the next 60 years, through 1985)
- Name changed to NACCO Industries, Inc. in 1986 with creation of new holding company
- Entered the materials handling industry in 1985-1989 (Through acquisition of Hyster and Yale)
- Entered the housewares industry in 1988-1990 (Through acquisitions of WearEver-ProctorSilex and Kitchen Collection, and subsequent merger with Hamilton Beach)
- Exited the materials handling industry in September, 2012 (Through the spin-off of the lift truck business as an independent public company, Hyster-Yale Materials Handling, Inc.)
The parent company fulfills public company requirements and plays a significant role with subsidiaries through two key functions:
Oversight
- Ensure subsidiary management excellence
- Enhance strategies for sustainable competitive advantage
- Reinforce process of constructive change
- Ensure development of appropriate programs
- Monitor disciplined execution
- Ensure achievement of financial targets
- Provide internal audit and controls
- Oversee NACCO's investment in subsidiary companies
Consulting
- Strategy
- Acquisition and divestiture
- Financial, tax and accounting
- Legal and compensation
| Company Name | NACCO Industries Inc |
| Business Category | Coal |
| Address | 5875 Landerbrook Dr. Suite 220 Cleveland Ohio United States ZIP: 44124 |
| President | Alfred M. Rankin, Jr |
| Year Established | 1913 |
| Employees | 50 |
| Memberships | NA |
| Hours of Operation | NA |
- Houseware