NACCO Industries (NC) 8-K Results of Operations and Financial Condition

																		EXHIBIT 99
NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)
	Revenues
	Q1		Q2		Q3		Q4		FY
2011	745.5		811.0		823.4		951.3		3,331.2
2012	803.2
	Operating Profit
	Q1		Q2		Q3		Q4		FY
2011	35.3		31.1		37.4		70.3		174.1
2012	37.8
	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	5.8		5.4		5.8		5.4		22.4
2012	5.0
	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	(57.5	)	(0.6	)	(0.3	)	(3.7	)	(62.1	)
2012	(0.9	)
	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	87.0		26.3		31.9		68.6		213.8		2011	27.8	%	27.4	%	19.4	%	20.6	%	24.2	%
2012	33.7										2012	25.2	%
	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2011	62.8		19.2		25.7		54.4		162.1
2012	25.2
	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2011	—		—		—		—		—
2012	—
	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2011	2.1		1.8		1.6		1.4		1.4
2012	1.3
	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2011	11.5		11.4		12.6		12.2		47.7
2012	10.3
	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2011	528.1		514.8		549.0		522.3		522.3
2012	511.3

NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)
		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2011		6.2		10.3		9.8		10.4		36.7
2012		5.5
		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2011		(8.8	)	64.7		(4.6	)	103.9		155.2
2012		2.5
		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2011		(5.8	)	(10.0	)	(9.5	)	(7.4	)	(32.7	)
2012		15.1
		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2011		(14.6	)	54.7		(14.1	)	96.5		122.5
2012		17.6
		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2011		(1.0	)	(3.8	)	(65.9	)	28.7		(42.0	)
2012		(44.3	)
		Dividends Paid to Shareholders
		Q1		Q2		Q3		Q4		FY
2011		4.4		4.5		4.4		4.5		17.8
2012		4.5
		Total debt
		Q1		Q2		Q3		Q4		FY
2011		395.0		398.1		336.8		374.2		374.2
2012		338.4
		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011		516.7		541.2		547.8		577.0		577.0		2011	30.4	%	29.1	%	29.7	%	30.8	%	30.8	%
2012		610.7										2012	22.3	%
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.

NACCO Materials Handling Group - Consolidated
(in millions, except percentage data)
	Backlog (in thousands)
	Q1	Q2	Q3	Q4	FY
2011	24.8	25.1	25.6	24.7	24.7
2012	22.3
	Unit Shipments (in thousands)
	Q1	Q2	Q3	Q4	FY
2011	19.4	19.9	19.6	20.8	79.7
2012	20.1
	Revenues - Americas						Revenues - Americas - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	358.6	400.8	389.8	421.5	1,570.7	2011	57.1	%	54.3	%	32.0	%	17.9	%	37.7	%
2012	394.7					2012	10.1	%
	Revenues - Europe						Revenues - Europe - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	174.1	194.8	180.3	202.5	751.7	2011	91.3	%	72.5	%	63.2	%	24.8	%	57.7	%
2012	181.9					2012	4.5	%
	Revenues - Other						Revenues - Other - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	53.9	52.4	58.7	53.4	218.4	2011	(3.9	)%	28.4	%	57.8	%	5.7	%	18.3	%
2012	52.9					2012	(1.9	)%
	Revenues - Consolidated						Revenues - Consolidated - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	586.6	648.0	628.8	677.4	2,540.8	2011	56.3	%	56.7	%	42.0	%	18.8	%	41.0	%
2012	629.5					2012	7.3	%
	Gross Profit						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	95.8	97.9	89.0	100.8	383.5	2011	16.3	%	15.1	%	14.2	%	14.9	%	15.1	%
2012	99.0					2012	15.7	%
	Operating Expenses						Operating Expenses as a % of revenues
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	65.4	70.4	64.9	72.8	273.5	2011	11.1	%	10.9	%	10.3	%	10.7	%	10.8	%
2012	69.2					2012	11.0	%
	Operating Profit (Loss)						Operating Profit (Loss) %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011	30.4	27.5	24.1	28.0	110.0	2011	5.2	%	4.2	%	3.8	%	4.1	%	4.3	%
2012	29.8					2012	4.7	%
	Interest (Income) Expense
	Q1	Q2	Q3	Q4	FY
2011	3.5	3.3	3.6	3.6	14.0
2012	3.4

NACCO Materials Handling Group - Consolidated
(in millions, except percentage data)
	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	(0.7	)	(0.4	)	(1.1	)	(3.3	)	(5.5	)
2012	(0.5	)
	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	27.6		24.6		21.6		27.7		101.5		2011	19.2	%	22.4	%	19.0	%	14.4	%	18.6	%
2012	26.9										2012	21.2	%
	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2011	22.3		19.2		17.5		23.6		82.6
2012	21.2
	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2011	—		—		—		—		—
2012	—
	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2011	2.1		1.8		1.6		1.4		1.4
2012	1.3
	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2011	8.0		8.1		7.5		7.7		31.3
2012	6.9
	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2011	356.9		363.5		383.5		354.5		354.5
2012	347.2
	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2011	2.8		3.9		4.3		5.5		16.5
2012	1.6
	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2011	(35.3	)	31.5		(7.2	)	65.6		54.6
2012	19.1

NACCO Materials Handling Group - Consolidated
(in millions, except percentage data)
		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2011		(2.6	)	(3.8	)	(4.1	)	(5.4	)	(15.9	)
2012		(1.6	)
		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2011		(37.9	)	27.7		(11.3	)	60.2		38.7
2012		17.5
		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2011		(8.1	)	(4.8	)	(6.2	)	(0.4	)	(19.5	)
2012		(3.5	)
		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2011		5.0		—		5.0		—		10.0
2012		—
		Total debt
		Q1		Q2		Q3		Q4		FY
2011		231.4		227.4		226.2		226.0		226.0
2012		224.2
		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011		261.8		284.5		287.5		297.1		297.1		2011	21.1	%	24.6	%	28.2	%	30.3	%	30.3	%
2012		329.2										2012	27.9	%
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.

Hamilton Beach Brands, Inc.
(in millions, except percentage data)
	Revenues								Revenues % Change Year Over Year
	Q1		Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2011	100.6		104.3	126.7	161.4		493.0	2011	(1.9	)%	1.0	%	(5.0	)%	(8.6	)%	(4.4	)%
2012	104.9							2012	4.3	%
	Gross Profit $								Gross Profit %
	Q1		Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2011	19.2		19.4	23.2	35.4		97.2	2011	19.1	%	18.6	%	18.3	%	21.9	%	19.7	%
2012	19.1							2012	18.2	%
	Operating Expenses								Operating Expenses as a % of revenues
	Q1		Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2011	15.9		15.8	15.3	16.4		63.4	2011	15.8	%	15.1	%	12.1	%	10.2	%	12.9	%
2012	17.0							2012	16.2	%
	Operating Profit (Loss) $								Operating Profit (Loss) %
	Q1		Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2011	3.3		3.6	7.9	19.0		33.8	2011	3.3	%	3.5	%	6.2	%	11.8	%	6.9	%
2012	2.1							2012	2.0	%
	Interest (Income) Expense
	Q1		Q2	Q3	Q4		FY
2011	1.6		1.3	1.3	1.0		5.2
2012	0.9
	Other (Income) Expense
	Q1		Q2	Q3	Q4		FY
2011	—		0.2	0.8	(0.2	)	0.8
2012	(0.5	)
	Income (Loss) Before Taxes								Effective Income Tax Rate
	Q1		Q2	Q3	Q4		FY		Q1		Q2		Q3		Q4		FY
2011	1.7		2.1	5.8	18.2		27.8	2011	41.2	%	38.1	%	29.3	%	34.1	%	33.8	%
2012	1.7							2012	41.2	%
	Net Income (Loss) Attributable to Stockholders
	Q1		Q2	Q3	Q4		FY
2011	1.0		1.3	4.1	12.0		18.4
2012	1.0
	Depreciation and amortization expense
	Q1		Q2	Q3	Q4		FY
2011	0.6		0.6	2.2	1.5		4.9
2012	0.6
	Net Working Capital (1)
	Q1		Q2	Q3	Q4		FY
2011	95.3		77.9	88.0	98.3		98.3
2012	88.9

Hamilton Beach Brands, Inc.
(in millions, except percentage data)
		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2011		0.4		1.1		1.0		1.2		3.7
2012		0.4
		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2011		(0.6	)	21.3		(0.6	)	4.1		24.2
2012		6.5
		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2011		(0.4	)	(1.1	)	(1.0	)	(1.2	)	(3.7	)
2012		(0.4	)
		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2011		(1.0	)	20.2		(1.6	)	2.9		20.5
2012		6.1
		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2011		(0.3	)	3.7		(60.2	)	—		(56.8	)
2012		(14.2	)
		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2011		—		(4.0	)	—		—		(4.0	)
2012		—
		Total debt
		Q1		Q2		Q3		Q4		FY
2011		114.8		114.5		54.2		54.2		54.2
2012		40.0
		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2	Q3	Q4	FY
2011		16.0		21.7		25.0		35.0		35.0		2011	n.m.		n.m.	n.m.	n.m.	n.m.
2012		37.2										2012	68.2	%
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.

The Kitchen Collection, LLC
(in millions, except percentage data and number of stores)
	Number of stores									Average sales per store
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2011	299		301		312		337	337	2011	0.1		0.1		0.2		0.3		0.7
2012	327								2012	0.1
	Revenues
	Q1		Q2		Q3		Q4	FY
2011	40.9		40.0		48.9		91.4	221.2
2012	45.3
	Gross Profit $									Gross Profit %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2011	17.6		17.8		22.3		39.7	97.4	2011	43.0	%	44.5	%	45.6	%	43.4	%	44.0	%
2012	19.5								2012	43.0	%
	Operating Expenses									Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2011	23.0		22.1		22.9		26.9	94.9	2011	56.2	%	55.3	%	46.8	%	29.4	%	42.9	%
2012	24.1								2012	53.2	%
	Operating Profit (Loss) $									Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2011	(5.4	)	(4.3	)	(0.6	)	12.8	2.5	2011	(13.2	)%	(10.8	)%	(1.2	)%	14.0	%	1.1	%
2012	(4.6	)							2012	(10.2	)%
	Interest (Income) Expense
	Q1		Q2		Q3		Q4	FY
2011	0.1		0.1		0.1		0.2	0.5
2012	0.1
	Other (Income) Expense
	Q1		Q2		Q3		Q4	FY
2011	—		—		0.1		—	0.1
2012	—
	Income (Loss) Before Taxes									Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2011	(5.5	)	(4.4	)	(0.8	)	12.6	1.9	2011	40.0	%	38.6	%	37.5	%	39.7	%	42.1	%
2012	(4.7	)							2012	40.4	%
	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4	FY
2011	(3.3	)	(2.7	)	(0.5	)	7.6	1.1
2012	(2.8	)
	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2011	0.8		0.7		0.8		0.8	3.1
2012	0.7

The Kitchen Collection, LLC
(in millions, except percentage data and number of stores)
		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2011		43.5		41.5		44.0		36.1		36.1
2012		44.9
		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2011		0.6		0.9		0.6		0.2		2.3
2012		1.7
		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2011		(18.2	)	(1.3	)	(1.7	)	26.1		4.9
2012		(19.1	)
		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2011		(0.6	)	(0.9	)	(0.6	)	(0.2	)	(2.3	)
2012		(1.7	)
		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2011		(18.8	)	(2.2	)	(2.3	)	25.9		2.6
2012		(20.8	)
		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2011		7.8		2.1		2.5		(14.9	)	(2.5	)
2012		10.0
		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2011		2.5		—		—		—		2.5
2012		—
		Total debt
		Q1		Q2		Q3		Q4		FY
2011		10.4		12.5		15.0		—		—
2012		10.0
		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011		42.3		39.6		39.1		46.7		46.7		2011	4.6	%	2.6	%	1.7	%	2.5	%	2.5	%
2012		43.9										2012	3.8	%
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.

The North American Coal Corporation
(in millions, except percentage data)
	Tons of coal sold - Unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2011	7.0		5.4		6.4		6.4		25.2
2012	6.6
	Tons of coal sold - Consolidated mines
	Q1		Q2		Q3		Q4		FY
2011	0.6		0.6		0.7		0.8		2.7
2012	0.8
	Limerock yards delivered
	Q1		Q2		Q3		Q4		FY
2011	3.6		4.0		3.1		3.0		13.7
2012	3.7
	Revenues
	Q1		Q2		Q3		Q4		FY
2011	17.9		19.4		21.0		23.5		81.8
2012	24.3
	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	4.0		2.8		3.1		5.4		15.3		2011	22.3	%	14.4	%	14.8	%	23.0	%	18.7	%
2012	6.9										2012	28.4	%
	Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2011	12.1		9.5		11.1		12.8		45.5
2012	12.0
	Operating Expenses											Operating Expenses as a % of the sum of Gross Profit  plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	6.6		7.0		7.2		4.8		25.6		2011	41.0	%	56.9	%	50.7	%	26.4	%	42.1	%
2012	7.0										2012	37.0	%
	Operating Profit $											Operating Profit as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	9.5		5.3		7.0		13.4		35.2		2011	59.0	%	43.1	%	49.3	%	73.6	%	57.9	%
2012	11.9										2012	63.0	%
	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	0.6		0.7		0.8		0.6		2.7
2012	0.6
	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	—		(0.7	)	(0.3	)	(0.4	)	(1.4	)
2012	(0.2	)

The North American Coal Corporation
(in millions, except percentage data)
	Income Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	8.9		5.3		6.5		13.2		33.9		2011	20.2	%	13.2	%	10.8	%	9.8	%	13.3	%
2012	11.5										2012	20.0	%
	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2011	7.1		4.6		5.8		11.9		29.4
2012	9.2
	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2011	2.0		1.9		2.0		2.0		7.9
2012	2.0
	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2011	2.4		4.4		3.8		3.5		14.1
2012	1.8
	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2011	7.8		7.3		8.8		7.8		31.7
2012	21.5
	Net cash provided by (used for) investing activities
	Q1		Q2		Q3		Q4		FY
2011	(2.3	)	(4.1	)	(3.7	)	(0.6	)	(10.7	)
2012	18.8
	Cash flow before financing activities (1)
	Q1		Q2		Q3		Q4		FY
2011	5.5		3.2		5.1		7.2		21.0
2012	40.3
	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4		FY
2011	(8.5	)	(1.4	)	(7.4	)	(7.4	)	(24.7	)
2012	(41.6	)

The North American Coal Corporation
(in millions, except percentage data)
		Dividends to NACCO
		Q1	Q2	Q3	Q4	FY
2011		5.0	5.0	5.0	57.9	72.9
2012		10.0
		Total debt
		Q1	Q2	Q3	Q4	FY
2011		38.4	43.7	41.4	94.0	94.0
2012		64.2
		Equity						Return on Equity (2)
		Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011		143.7	143.4	144.3	96.1	96.1	2011	27.3	%	22.2	%	18.5	%	22.0	%	22.0	%
2012		95.4					2012	25.3	%
(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.

NACCO and Other
(in millions, except percentage data)
	Operating Profit (Loss)
	Q1		Q2		Q3		Q4		FY
2011	(2.5	)	(1.1	)	(0.9	)	(2.8	)	(7.3	)
2012	(1.5	)
	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	—		—		—		—		—
2012	—
	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	(56.8	)	0.3		0.2		0.2		(56.1	)
2012	0.3
	Income (Loss) Before Taxes
	Q1		Q2		Q3		Q4		FY
2011	54.3		(1.4	)	(1.1	)	(3.0	)	48.8
2012	(1.8	)
	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2011	34.7		(1.0	)	(0.7	)	(2.3	)	30.7
2012	(1.4	)