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NACCO Industries Inc
5875 Landerbrook Dr., Suite 220 , Cleveland, Ohio, United States

Memberships : NA
Industry : Coal
Basic Member
Since Oct, 2016
About Company

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 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 NameNACCO Industries Inc
Business CategoryCoal
Address5875 Landerbrook Dr.
Suite 220
Cleveland
Ohio
United States
ZIP: 44124
PresidentAlfred M. Rankin, Jr
Year Established1913
Employees50
MembershipsNA
Hours of OperationNA
Company Services
  • Houseware
Phone NumberLocked contentSubscribe to view
Fax NumberLocked content
EmailLocked content
WebsiteLocked content
NamePositionContact DetailsSubscribe to view
***Chairman, President and Chief Executive OfficerLocked content
***Senior Vice President – Finance, Treasurer and Chief Administrative OfficerLocked content
***Vice President and ControllerLocked content
***Vice President, General Counsel and SecretaryLocked content
***Associate General CounselLocked content
***Associate General Counsel, Assistant Secretary and Senior Director – Benefits & Human ResourcesLocked content
***President and Chief Executive Officer – Hamilton Beach Brands, IncLocked content
***Associate Counsel and Assistant SecretaryLocked content
***Director of Financial Planning and Analysis and Assistant TreasurerLocked content
SubsidiariesSubscribe to view
1Locked content
2Locked content
3Locked content
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