NACCO Industries 8K Results of Operations and Financial Condition | NC 28 Feb 07

EXHIBIT 99

NACCO Industries, Inc. — Consolidated
(in millions, except percentage data)


	Revenues
	Q1		Q2		Q3		Q4		FY
2005		727.8		778.5		744.3		906.8		3,157.4
2006		770.4		796.9		803.1		978.6		3,349.0


	Operating Profit
	Q1		Q2		Q3		Q4		FY
2005		12.2		25.5		27.8		42.5		108.0
2006		25.1		33.8		31.6		82.1		172.6


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		10.4		10.7		11.5		10.7		43.3
2006		9.9		9.0		7.7		7.7		34.3


	Other (Income) Expense
	Q1			Q2			Q3			Q4			FY
2005		(1.4	)		(0.6	)		(0.6	)		(3.5	)		(6.1	)
2006		—			17.8			(2.4	)		2.4			17.8


	Income Before Taxes, Minority Interest, Extraordinary
	Gain (Loss) and
	Cumulative Effect of Accounting Changes
	Q1		Q2		Q3		Q4		FY
2005		3.2		15.4		16.9		35.3		70.8
2006		15.2		7.0		26.3		72.0		120.5


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		-59.4	%		26.6	%		19.5	%		21.5	%		18.5	%
2006		19.7	%		34.3	%		28.5	%		20.7	%		23.1	%


	Net Income
	Q1		Q2		Q3		Q4		FY
2005		5.2		11.3		13.6		32.4		62.5
2006		12.7		4.7		18.8		70.0		106.2


	Restructuring Expense (Reversal)
	Q1			Q2			Q3		Q4		FY
2005		—			(0.5	)		—		3.2		2.7
2006		(0.2	)		—			—		1.0		0.8


	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2005		5.4		4.0		3.3		5.7		5.7
2006		4.0		3.8		2.7		2.6		2.6


	Depreciation, depletion and
	amortization expense
	Q1		Q2		Q3		Q4		FY
2005		16.1		15.2		15.5		16.8		63.6
2006		14.8		15.1		16.0		16.8		62.7


	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2005		407.6		437.4		491.3		420.9		420.9
2006		426.3		445.4		503.7		454.3		454.3


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		15.1		16.5		20.0		19.1		70.7
2006		18.6		13.3		12.8		29.9		74.6


	Net cash provided by (used for) operating activities
	Q1			Q2			Q3			Q4		FY
2005		(33.7	)		(12.4	)		(3.2	)		124.5		75.2
2006		(13.0	)		30.3			12.0			144.2		173.5


	Net cash provided by (used for) investing activities
	Q1			Q2			Q3			Q4			FY
2005		(12.6	)		(10.5	)		(17.6	)		(15.6	)		(56.3	)
2006		(13.2	)		0.3			(23.8	)		1.4			(35.3	)

NACCO Industries, Inc. — Consolidated
(in millions, except percentage data)


	Cash flow before financing activities (2)
	Q1			Q2			Q3			Q4		FY
2005		(46.3	)		(22.9	)		(20.8	)		108.9		18.9
2006		(26.2	)		30.6			(11.8	)		145.6		138.2


	Net cash provided by (used for) financing activities
	Q1			Q2			Q3		Q4			FY
2005		10.7			(6.2	)		21.9		(28.2	)		(1.8	)
2006		(11.5	)		(44.4	)		4.6		(54.5	)		(105.8	)


	Dividends Paid to Shareholders
	Q1		Q2		Q3		Q4		FY
2005		3.7		3.8		3.8		3.9		15.2
2006		3.8		4.0		3.9		4.0		15.7


	Total debt
	Q1		Q2		Q3		Q4		FY
2005		463.7		460.5		487.2		467.2		467.2
2006		468.6		448.1		458.6		416.5		416.5

��
	Equity
	Q1		Q2		Q3		Q4		FY
2005		682.1		677.5		687.3		703.3		703.3
2006		692.8		705.5		719.7		793.1		793.1


	Return on Equity (3)
	Q1			Q2			Q3			Q4			FY
2005		8.8	%		9.4	%		9.3	%		9.1	%		9.1	%
2006		10.2	%		9.1	%		9.8	%		14.7	%		14.7	%


(1)		Net working capital is equal to accounts receivable, net plus inventories 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)


	Revenues
	Q1		Q2		Q3		Q4		FY
2005		583.9		618.1		563.5		634.4		2,399.9
2006		618.8		622.0		595.4		652.3		2,488.5


	Gross Profit
	Q1		Q2		Q3		Q4		FY
2005		80.5		91.8		82.9		89.6		344.8
2006		89.3		86.2		85.2		86.7		347.4


	Operating Expenses
	Q1		Q2		Q3		Q4		FY
2005		74.4		74.7		70.7		77.5		297.3
2006		68.8		70.7		70.4		70.0		279.9


	Operating Profit
	Q1		Q2		Q3		Q4		FY
2005		6.1		17.1		12.2		12.1		47.5
2006		20.5		15.5		14.8		16.7		67.5


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		7.4		7.7		8.3		7.9		31.3
2006		7.7		6.9		5.6		5.4		25.6


	Other (Income) Expense
	Q1			Q2			Q3			Q4			FY
2005		(1.6	)		(0.5	)		(0.7	)		(3.5	)		(6.3	)
2006		(0.9	)		16.3			(2.9	)		(2.3	)		10.2


	Income (Loss) Before Taxes, Minority Interest and
	Cumulative Effect of Accounting Changes
	Q1		Q2			Q3		Q4		FY
2005		0.3		9.9			4.6		7.7		22.5
2006		13.7		(7.7	)		12.1		13.6		31.7


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		33.3	%		24.2	%		2.2	%		24.7	%		20.0	%
2006		20.4	%		28.6	%		13.2	%		-32.4	%		-6.9	%


	Net Income (Loss)
	Q1		Q2			Q3		Q4		FY
2005		0.3		7.5			4.5		5.8		18.1
2006		11.4		(5.4	)		10.5		18.1		34.6


	Restructuring Expense (Reversal)
	Q1			Q2			Q3		Q4			FY
2005		—			(0.5	)		—		(0.7	)		(1.2	)
2006		(0.4	)		—			—		(0.4	)		(0.8	)


	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2005		4.0		2.8		2.5		1.8		1.8
2006		1.4		1.4		1.4		—		—


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2005		10.8		10.1		9.7		10.5		41.1
2006		9.7		10.2		10.6		11.2		41.7


	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2005		305.9		334.5		349.4		305.7		305.7
2006		325.4		316.0		337.8		300.7		300.7


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		8.6		9.4		10.9		14.7		43.6
2006		8.4		11.1		9.8		12.8		42.1


	Net cash provided by (used for) operating activities
	Q1			Q2			Q3			Q4		FY
2005		(27.5	)		(21.0	)		(18.6	)		79.0		11.9
2006		(17.7	)		10.3			15.8			76.4		84.8

NACCO Materials Handling Group — Consolidated
(in millions, except percentage data)


	Net cash provided by (used for) investing activities
	Q1			Q2			Q3			Q4			FY
2005		(6.1	)		(3.7	)		(8.8	)		(11.5	)		(30.1	)
2006		(3.0	)		(9.2	)		(6.6	)		(11.8	)		(30.6	)


	Cash flow before financing activities (2)
	Q1			Q2			Q3			Q4		FY
2005		(33.6	)		(24.7	)		(27.4	)		67.5		(18.2	)
2006		(20.7	)		1.1			9.2			64.6		54.2


	Net cash provided by (used for) financing activities
	Q1			Q2			Q3		Q4			FY
2005		(2.7	)		36.7			15.4		(6.3	)		43.1
2006		0.7			(44.3	)		0.5		(27.2	)		(70.3	)


	Dividends to NACCO
	Q1		Q2		Q3		Q4		FY
2005		—		—		—		5.0		5.0
2006		—		—		—		5.0		5.0


	Total debt
	Q1		Q2		Q3		Q4		FY
2005		286.6		322.2		338.5		341.5		341.5
2006		351.2		326.8		329.1		312.4		312.4


	Equity
	Q1		Q2		Q3		Q4		FY
2005		437.6		432.7		435.9		427.6		427.6
2006		445.3		450.4		460.0		476.7		476.7


	Return on Equity (3)
	Q1			Q2			Q3			Q4			FY
2005		3.4	%		4.6	%		4.6	%		4.2	%		4.2	%
2006		6.7	%		3.7	%		5.0	%		7.7	%		7.7	%


(1)		Net working capital is equal to accounts receivable, net plus inventories 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 — Wholesale
(in millions, except backlog, unit shipments and percentage data)


	Backlog (in thousands)
	Q1		Q2		Q3		Q4		FY
2005		27.5		23.9		25.6		23.5		23.5
2006		23.6		25.9		25.7		27.2		27.2


	Unit Shipments (in thousands)
	Q1		Q2		Q3		Q4		FY
2005		19.9		22.0		19.1		22.4		83.4
2006		21.7		22.2		20.8		23.1		87.8


	Revenues - North America
	Q1		Q2		Q3		Q4		FY
2005		354.3		376.3		369.6		388.3		1,488.5
2006		415.5		392.6		373.9		381.2		1,563.2


	Revenues - North America - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		33.7	%		30.3	%		24.7	%		10.4	%		23.9	%
2006		17.3	%		4.3	%		1.2	%		-1.8	%		5.0	%


	Revenues - Europe
	Q1		Q2		Q3		Q4		FY
2005		148.3		159.9		111.9		157.2		577.3
2006		131.2		150.6		143.7		193.6		619.1


	Revenues - Europe - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		15.7	%		21.4	%		-8.4	%		-3.3	%		6.0	%
2006		-11.5	%		-5.8	%		28.4	%		23.2	%		7.2	%


	Revenues - Asia-Pacific
	Q1		Q2		Q3		Q4		FY
2005		33.6		38.4		35.1		41.2		148.3
2006		26.1		38.2		32.9		38.4		135.6


	Revenues - Asia-Pacific - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		19.1	%		53.0	%		12.9	%		32.9	%		28.5	%
2006		-22.3	%		-0.5	%		-6.3	%		-6.8	%		-8.6	%


	Revenues - Consolidated
	Q1		Q2		Q3		Q4		FY
2005		536.2		574.6		516.6		586.7		2,214.1
2006		572.8		581.4		550.5		613.2		2,317.9


	Revenues - Consolidated - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		27.3	%		29.0	%		14.9	%		7.6	%		18.9	%
2006		6.8	%		1.2	%		6.6	%		4.5	%		4.7	%


	Gross Profit $
	Q1		Q2		Q3		Q4		FY
2005		69.5		80.8		70.5		80.3		301.1
2006		78.6		77.5		75.0		79.3		310.4


	Gross Profit %
	Q1			Q2			Q3			Q4			FY
2005		13.0	%		14.1	%		13.6	%		13.7	%		13.6	%
2006		13.7	%		13.3	%		13.6	%		12.9	%		13.4	%


	Operating Expenses
	Q1		Q2		Q3		Q4		FY
2005		60.6		63.7		57.6		65.1		247.0
2006		59.9		57.9		57.6		58.5		233.9


	Operating Expenses as a % of revenues
	Q1			Q2			Q3			Q4			FY
2005		11.3	%		11.1	%		11.1	%		11.1	%		11.2	%
2006		10.5	%		10.0	%		10.5	%		9.5	%		10.1	%


	Operating Profit $
	Q1		Q2		Q3		Q4		FY
2005		8.9		17.1		12.9		15.2		54.1
2006		18.7		19.6		17.4		20.8		76.5


	Operating Profit %
	Q1			Q2			Q3			Q4			FY
2005		1.7	%		3.0	%		2.5	%		2.6	%		2.4	%
2006		3.3	%		3.4	%		3.2	%		3.4	%		3.3	%


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		6.2		7.4		7.5		7.0		28.1
2006		6.8		5.8		4.7		4.4		21.7


	Other (Income) Expense
	Q1			Q2			Q3			Q4			FY
2005		(1.6	)		(1.1	)		(0.9	)		(3.6	)		(7.2	)
2006		(1.0	)		16.3			(3.0	)		(2.3	)		10.0


	Income Before Taxes, Minority Interest and
	Cumulative Effect of Accounting Changes
	Q1		Q2			Q3		Q4		FY
2005		4.3		10.8			6.3		11.8		33.2
2006		12.9		(2.5	)		15.7		18.7		44.8


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		37.2	%		17.6	%		9.5	%		27.1	%		22.0	%
2006		26.4	%		16.0	%		15.3	%		-19.3	%		4.0	%

NACCO Materials Handling Group — Wholesale
(in millions, except backlog, unit shipments and percentage data)


	Net Income
	Q1		Q2			Q3		Q4		FY
2005		2.8		8.9			5.7		8.6		26.0
2006		10.0		(2.0	)		13.3		22.4		43.7


	Restructuring Expense (Reversal)
	Q1			Q2			Q3		Q4			FY
2005		—			(0.5	)		—		(0.7	)		(1.2	)
2006		(0.4	)		—			—		(0.4	)		(0.8	)


	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2005		3.8		2.7		2.5		1.8		1.8
2006		1.4		1.4		1.4		—		—


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2005		6.9		6.8		7.1		7.5		28.3
2006		7.3		7.5		7.9		8.2		30.9


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		7.6		7.9		10.0		11.0		36.5
2006		6.3		8.4		6.4		11.2		32.3

NACCO Materials Handling Group — Retail (net of eliminations)
(in millions, except percentage data)


	Revenues - Europe
	Q1		Q2		Q3		Q4		FY
2005		21.2		18.9		17.6		17.5		75.2
2006		17.3		17.0		14.6		11.7		60.6


	Revenues - Europe - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		-1.9	%		-11.3	%		-17.0	%		-28.3	%		-15.0	%
2006		-18.4	%		-10.1	%		-17.0	%		-33.1	%		-19.4	%


	Revenues - Asia Pacific
	Q1		Q2		Q3		Q4		FY
2005		26.5		24.6		29.3		30.2		110.6
2006		28.7		23.6		30.3		27.4		110.0


	Revenues - Asia Pacific - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		-5.0	%		-14.9	%		24.2	%		14.8	%		3.7	%
2006		8.3	%		-4.1	%		3.4	%		-9.3	%		-0.5	%


	Revenues - Consolidated
	Q1		Q2		Q3		Q4		FY
2005		47.7		43.5		46.9		47.7		185.8
2006		46.0		40.6		44.9		39.1		170.6


	Revenues - Consolidated - % change yr. over yr.
	Q1			Q2			Q3			Q4			FY
2005		-3.6	%		-13.3	%		4.7	%		-5.9	%		-4.8	%
2006		-3.6	%		-6.7	%		-4.3	%		-18.0	%		-8.2	%


	Operating Profit (Loss) $
	Q1			Q2			Q3			Q4			FY
2005		(2.8	)		—			(0.7	)		(3.1	)		(6.6	)
2006		1.8			(4.1	)		(2.6	)		(4.1	)		(9.0	)


	Operating Profit (Loss) %
	Q1			Q2			Q3			Q4			FY
2005		-5.9	%		0.0	%		-1.5	%		-6.5	%		-3.6	%
2006		3.9	%		-10.1	%		-5.8	%		-10.5	%		-5.3	%


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		1.2		0.3		0.8		0.9		3.2
2006		0.9		1.1		0.9		1.0		3.9


	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		—		0.6		0.2		0.1		0.9
2006		0.1		—		0.1		—		0.2


	Income (Loss) Before Taxes
	Q1			Q2			Q3			Q4			FY
2005		(4.0	)		(0.9	)		(1.7	)		(4.1	)		(10.7	)
2006		0.8			(5.2	)		(3.6	)		(5.1	)		(13.1	)


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		37.5	%		-55.6	%		29.4	%		31.7	%		26.2	%
2006		n.m.			34.6	%		22.2	%		15.7	%		30.5	%


	Net Income (Loss)
	Q1			Q2			Q3			Q4			FY
2005		(2.5	)		(1.4	)		(1.2	)		(2.8	)		(7.9	)
2006		1.4			(3.4	)		(2.8	)		(4.3	)		(9.1	)

Housewares — Consolidated *
(in millions, except percentage data)


	Revenues
	Q1		Q2		Q3		Q4		FY
2005		114.8		132.4		152.6		239.3		639.1
2006		117.9		135.7		169.6		288.3		711.5


	Gross Profit
	Q1		Q2		Q3		Q4		FY
2005		25.5		30.1		37.0		63.5		156.1
2006		28.6		32.9		42.4		84.1		188.0


	Operating Expenses
	Q1		Q2		Q3		Q4		FY
2005		26.2		26.6		26.2		37.8		116.8
2006		28.9		28.0		33.9		47.9		138.7


	Operating Profit
	Q1			Q2		Q3		Q4		FY
2005		(0.7	)		3.5		10.8		25.7		39.3
2006		(0.3	)		4.9		8.5		36.2		49.3


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		1.3		1.4		1.5		1.7		5.9
2006		1.2		1.1		1.5		1.7		5.5


	Other (Income) Expense
	Q1			Q2			Q3			Q4		FY
2005		(0.2	)		(0.5	)		(0.3	)		0.5		(0.5	)
2006		0.4			1.2			—			0.9		2.5


	Income Before Taxes
	Q1			Q2		Q3		Q4		FY
2005		(1.8	)		2.6		9.6		23.5		33.9
2006		(1.9	)		2.6		7.0		33.6		41.3


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		38.9	%		38.5	%		38.5	%		36.6	%		37.2	%
2006		36.8	%		38.5	%		38.6	%		36.9	%		37.3	%


	Net Income
	Q1			Q2		Q3		Q4		FY
2005		(1.1	)		1.6		5.9		14.9		21.3
2006		(1.2	)		1.6		4.3		21.2		25.9


	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2005		—		—		—		3.9		3.9
2006		0.2		—		—		1.4		1.6


	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2005		1.4		1.2		0.8		3.9		3.9
2006		2.6		2.4		1.3		2.6		2.6


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2005		1.9		1.7		1.8		2.4		7.8
2006		1.7		1.6		1.8		2.2		7.3


	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2005		108.5		108.1		123.8		119.2		119.2
2006		104.3		107.4		140.0		130.7		130.7

Housewares — Consolidated *
(in millions, except percentage data)


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		1.2		1.3		2.0		0.9		5.4
2006		0.8		1.2		2.1		2.0		6.1


	Net cash provided by (used for) operating activities
	Q1			Q2		Q3			Q4		FY
2005		(2.4	)		3.8		(1.8	)		32.3		31.9
2006		3.0			2.2		(7.5	)		48.2		45.9


	Net cash provided by (used for) investing activities
	Q1			Q2			Q3			Q4			FY
2005		(1.2	)		(0.9	)		(2.0	)		(0.7	)		(4.8	)
2006		(0.8	)		10.3			(16.3	)		(2.1	)		(8.9	)


	Cash flow before financing activities (2)
	Q1			Q2		Q3			Q4		FY
2005		(3.6	)		2.9		(3.8	)		31.6		27.1
2006		2.2			12.5		(23.8	)		46.1		37.0


	Net cash provided by (used for) financing activities
	Q1			Q2			Q3		Q4			FY
2005		3.2			(2.5	)		4.3		(31.2	)		(26.2	)
2006		(3.7	)		(10.6	)		22.7		(43.5	)		(35.1	)


	Dividends to NACCO
	Q1		Q2		Q3		Q4		FY
2005		5.0		5.0		7.5		10.0		27.5
2006		6.0		17.0		—		—		23.0


	Total debt
	Q1		Q2		Q3		Q4		FY
2005		63.9		66.6		78.4		57.2		57.2
2006		59.4		65.9		88.7		45.2		45.2


	Equity
	Q1		Q2		Q3		Q4		FY
2005		144.1		140.6		139.9		145.0		145.0
2006		137.8		123.0		127.2		147.2		147.2


	Return on Equity (3)
	Q1			Q2			Q3			Q4			FY
2005		15.5	%		15.9	%		17.2	%		14.8	%		14.8	%
2006		15.0	%		15.4	%		14.6	%		19.0	%		19.0	%


*		Housewares Consolidated includes Hamilton Beach/Proctor-Silex, Kitchen Collection and the related intercompany eliminations.

(1)		Net working capital is equal to accounts receivable, net plus inventories 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/Proctor-Silex, Inc.
(in millions, except percentage data)


	Revenues
	Q1		Q2		Q3		Q4		FY
2005		94.6		111.3		128.4		193.4		527.7
2006		95.5		113.6		136.1		201.5		546.7


	Revenues % Change Year Over Year
	Q1			Q2			Q3			Q4			FY
2005		-2.1	%		10.1	%		8.2	%		1.3	%		4.0	%
2006		1.0	%		2.1	%		6.0	%		4.2	%		3.6	%


	Gross Profit $
	Q1		Q2		Q3		Q4		FY
2005		16.4		20.7		26.1		43.7		106.9
2006		18.7		22.9		27.3		45.0		113.9


	Gross Profit %
	Q1			Q2			Q3			Q4			FY
2005		17.3	%		18.6	%		20.3	%		22.6	%		20.3	%
2006		19.6	%		20.2	%		20.1	%		22.3	%		20.8	%


	Operating Expenses
	Q1		Q2		Q3		Q4		FY
2005		15.3		15.4		14.8		24.4		69.9
2006		17.5		16.4		17.9		19.6		71.4


	Operating Expenses as a % of revenues
	Q1			Q2			Q3			Q4			FY
2005		16.2	%		13.8	%		11.5	%		12.6	%		13.2	%
2006		18.3	%		14.4	%		13.2	%		9.7	%		13.1	%


	Operating Profit $
	Q1		Q2		Q3		Q4		FY
2005		1.1		5.3		11.3		19.3		37.0
2006		1.2		6.5		9.4		25.4		42.5


	Operating Profit %
	Q1			Q2			Q3			Q4			FY
2005		1.2	%		4.8	%		8.8	%		10.0	%		7.0	%
2006		1.3	%		5.7	%		6.9	%		12.6	%		7.8	%


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		1.2		1.3		1.3		1.5		5.3
2006		1.1		1.0		1.3		1.4		4.8


	Other (Income) Expense
	Q1			Q2			Q3			Q4		FY
2005		(0.2	)		(0.5	)		(0.3	)		0.5		(0.5	)
2006		0.4			1.2			—			0.8		2.4


	Income (Loss) Before Taxes
	Q1			Q2		Q3		Q4		FY
2005		0.1			4.5		10.3		17.3		32.2
2006		(0.3	)		4.3		8.1		23.2		35.3


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		n.m.			37.8	%		37.9	%		36.4	%		37.0	%
2006		33.3	%		37.2	%		38.3	%		36.6	%		37.1	%


	Net Income (Loss)
	Q1			Q2		Q3		Q4		FY
2005		0.1			2.8		6.4		11.0		20.3
2006		(0.2	)		2.7		5.0		14.7		22.2


	Restructuring Expense (Reversal)
	Q1		Q2		Q3		Q4		FY
2005		—		—		—		3.9		3.9
2006		0.2		—		—		1.4		1.6


	Restructuring Accrual Balance
	Q1		Q2		Q3		Q4		FY
2005		1.4		1.2		0.8		3.9		3.9
2006		2.6		2.4		1.3		2.6		2.6


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2005		1.5		1.2		1.4		2.0		6.1
2006		1.3		1.2		1.3		1.7		5.5


	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2005		94.3		93.6		107.5		107.4		107.4
2006		90.3		92.9		119.0		114.5		114.5


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		1.0		0.9		1.7		0.8		4.4
2006		0.6		0.7		1.5		1.4		4.2

Hamilton Beach/Proctor-Silex, Inc.
(in millions, except percentage data)


	Net cash provided by (used for) operating activities
	Q1		Q2		Q3			Q4		FY
2005		6.0		5.4		—			20.4		31.8
2006		8.0		4.1		(11.3	)		27.9		28.7


	Net cash provided by (used for) investing activities
	Q1			Q2			Q3			Q4			FY
2005		(1.0	)		(0.5	)		(1.7	)		(0.6	)		(3.8	)
2006		(0.6	)		10.8			(1.5	)		(1.5	)		7.2


	Cash flow before financing activities (2)
	Q1		Q2		Q3			Q4		FY
2005		5.0		4.9		(1.7	)		19.8		28.0
2006		7.4		14.9		(12.8	)		26.4		35.9


	Net cash provided by (used for) financing activities
	Q1			Q2			Q3		Q4			FY
2005		(5.0	)		(4.5	)		2.1		(19.3	)		(26.7	)
2006		(9.0	)		(13.0	)		11.6		(24.6	)		(35.0	)


	Dividends to NACCO
	Q1		Q2		Q3		Q4		FY
2005		5.0		5.0		7.5		10.0		27.5
2006		6.0		17.0		—		—		23.0


	Total debt
	Q1		Q2		Q3		Q4		FY
2005		53.2		53.9		63.5		54.2		54.2
2006		51.2		55.3		66.9		42.2		42.2


	Equity
	Q1		Q2		Q3		Q4		FY
2005		133.0		130.7		130.5		131.8		131.8
2006		125.5		111.8		116.6		130.2		130.2


	Return on Equity (3)
	Q1			Q2			Q3			Q4			FY
2005		15.6	%		16.5	%		18.3	%		15.3	%		15.3	%
2006		15.3	%		15.8	%		15.0	%		18.0	%		18.0	%


(1)		Net working capital is equal to accounts receivable, net plus inventories 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, Inc.
(in millions, except percentage data and number of stores)


	Number of stores
	Q1		Q2		Q3		Q4		FY
2005		186		191		194		195		195
2006		196		197		202		280		280


	Average sales per store
	Q1		Q2		Q3		Q4		FY
2005		0.1		0.1		0.1		0.3		0.6
2006		0.1		0.1		0.2		0.3		0.6


	Revenues
	Q1		Q2		Q3		Q4		FY
2005		21.3		22.1		25.8		47.7		116.9
2006		23.5		23.2		34.5		89.5		170.7


	Gross Profit $
	Q1		Q2		Q3		Q4		FY
2005		9.1		9.4		11.0		19.7		49.2
2006		10.0		10.0		15.1		39.0		74.1


	Gross Profit %
	Q1			Q2			Q3			Q4			FY
2005		42.7	%		42.5	%		42.6	%		41.3	%		42.1	%
2006		42.6	%		43.1	%		43.8	%		43.6	%		43.4	%


	Operating Expenses
	Q1		Q2		Q3		Q4		FY
2005		10.9		11.2		11.4		13.4		46.9
2006		11.4		11.6		16.0		28.3		67.3


	Operating Expenses as a % of revenues
	Q1			Q2			Q3			Q4			FY
2005		51.2	%		50.7	%		44.2	%		28.1	%		40.1	%
2006		48.5	%		50.0	%		46.4	%		31.6	%		39.4	%


	Operating Profit $
	Q1			Q2			Q3			Q4		FY
2005		(1.8	)		(1.8	)		(0.4	)		6.3		2.3
2006		(1.4	)		(1.6	)		(0.9	)		10.7		6.8


	Operating Profit %
	Q1			Q2			Q3			Q4			FY
2005		-8.5	%		-8.1	%		-1.6	%		13.2	%		2.0	%
2006		-6.0	%		-6.9	%		-2.6	%		12.0	%		4.0	%


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		0.1		0.1		0.2		0.2		0.6
2006		0.1		0.1		0.2		0.3		0.7


	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		—		—		—		—		—
2006		—		—		0.1		—		0.1


	Income Before Taxes
	Q1			Q2			Q3			Q4		FY
2005		(1.9	)		(1.9	)		(0.6	)		6.1		1.7
2006		(1.5	)		(1.7	)		(1.2	)		10.4		6.0


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		36.8	%		42.1	%		33.3	%		39.3	%		41.2	%
2006		40.0	%		41.2	%		41.7	%		39.4	%		38.3	%


	Net Income
	Q1			Q2			Q3			Q4		FY
2005		(1.2	)		(1.1	)		(0.4	)		3.7		1.0
2006		(0.9	)		(1.0	)		(0.7	)		6.3		3.7


	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2005		0.4		0.5		0.4		0.4		1.7
2006		0.4		0.4		0.5		0.5		1.8


	Net Working Capital (1)
	Q1		Q2		Q3		Q4		FY
2005		14.4		14.8		16.7		12.1		12.1
2006		14.4		14.8		21.2		16.5		16.5


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		0.2		0.4		0.3		0.1		1.0
2006		0.2		0.5		0.6		0.6		1.9

The Kitchen Collection, Inc.
(in millions, except percentage data and number of stores)


	Net cash provided by (used for) operating activities
	Q1			Q2			Q3			Q4		FY
2005		(8.4	)		(1.6	)		(1.8	)		11.9		0.1
2006		(5.0	)		(1.9	)		3.8			20.3		17.2


	Net cash provided by (used for) investing activities
	Q1			Q2			Q3			Q4			FY
2005		(0.2	)		(0.4	)		(0.3	)		(0.1	)		(1.0	)
2006		(0.2	)		(0.5	)		(14.8	)		(0.6	)		(16.1	)


	Cash flow before financing activities (2)
	Q1			Q2			Q3			Q4		FY
2005		(8.6	)		(2.0	)		(2.1	)		11.8		(0.9	)
2006		(5.2	)		(2.4	)		(11.0	)		19.7		1.1


	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4			FY
2005		8.2		2.0		2.2		(11.9	)		0.5
2006		5.3		2.4		11.1		(18.9	)		(0.1	)


	Total debt
	Q1		Q2		Q3		Q4		FY
2005		10.7		12.7		14.9		3.0		3.0
2006		8.2		10.6		21.8		3.0		3.0


	Equity
	Q1		Q2		Q3		Q4		FY
2005		11.3		10.2		9.8		13.5		13.5
2006		12.6		11.5		10.9		17.2		17.2


	Return on Equity (3)
	Q1			Q2			Q3			Q4			FY
2005		13.4	%		8.6	%		4.7	%		8.7	%		8.7	%
2006		11.3	%		12.2	%		9.4	%		28.2	%		28.2	%


(1)		Net working capital is equal to accounts receivable, net plus inventories 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)


	Lignite tons delivered - Project mines
	Q1		Q2		Q3		Q4		FY
2005		6.7		6.0		7.3		7.2		27.2
2006		6.4		6.5		7.2		7.3		27.4


	Lignite tons delivered - Non-project mines
	Q1		Q2		Q3		Q4		FY
2005		1.8		1.8		1.9		2.0		7.5
2006		1.8		2.0		2.1		2.1		8.0


	Limerock yards delivered
	Q1		Q2		Q3		Q4		FY
2005		5.2		4.9		6.5		8.6		25.2
2006		9.7		10.5	��	9.6		9.4		39.2


	Revenues
	Q1		Q2		Q3		Q4		FY
2005		29.1		28.0		28.2		33.1		118.4
2006		33.7		39.2		38.1		38.0		149.0


	Gross Profit $
	Q1		Q2		Q3		Q4		FY
2005		4.6		2.9		1.2		3.7		12.4
2006		3.5		11.0		6.4		6.1		27.0


	Gross Profit %
	Q1			Q2			Q3			Q4			FY
2005		15.8	%		10.4	%		4.3	%		11.2	%		10.5	%
2006		10.4	%		28.1	%		16.8	%		16.1	%		18.1	%


	Earnings of unconsolidated project
	mining subsidiaries
	Q1		Q2		Q3		Q4		FY
2005		8.4		7.7		9.4		8.3		33.8
2006		8.9		9.1		9.4		8.6		36.0


	Operating Expenses
	Q1		Q2		Q3		Q4			FY
2005		5.9		5.2		5.2		6.1			22.4
2006		6.1		6.2		4.9		(15.7	)		1.5


	Operating Expenses as a % of the sum of Gross Profit
	plus Earnings of unconsolidated project mining
	subsidiaries
	Q1			Q2			Q3			Q4			FY
2005		45.4	%		49.1	%		49.1	%		50.8	%		48.5	%
2006		49.2	%		30.8	%		31.0	%		n.m.			2.4	%


	Operating Profit $
	Q1		Q2		Q3		Q4		FY
2005		7.1		5.4		5.4		5.9		23.8
2006		6.3		13.9		10.9		30.4		61.5


	Operating Profit as a % of the sum of Gross Profit plus
	Earnings of unconsolidated project mining subsidiaries
	Q1			Q2			Q3			Q4			FY
2005		54.6	%		50.9	%		50.9	%		49.2	%		51.5	%
2006		50.8	%		69.2	%		69.0	%		n.m.			97.6	%


	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2005		2.4		2.1		2.1		1.8		8.4
2006		1.9		1.9		1.7		1.8		7.3


	Other (Income) Expense
	Q1		Q2		Q3		Q4			FY
2005		—		—		—		—			—
2006		—		—		—		(0.1	)		(0.1	)


	Income Before Taxes and Cumulative Effect of Accounting
	Changes
	Q1		Q2		Q3		Q4		FY
2005		4.7		3.3		3.3		4.1		15.4
2006		4.4		12.0		9.2		28.7		54.3


	Effective Income Tax Rate
	Q1			Q2			Q3			Q4			FY
2005		8.5	%		3.0	%		n.m.			-31.7	%		-5.2	%
2006		15.9	%		17.5	%		35.9	%		29.6	%		26.9	%


	Net Income
	Q1		Q2		Q3		Q4		FY
2005		4.3		3.2		3.3		5.4		16.2
2006		3.7		9.9		5.9		20.2		39.7

The North American Coal Corporation
(in millions, except percentage data)


	Depreciation, depletion and
	amortization expense
	Q1		Q2		Q3		Q4		FY
2005		3.4		3.3		4.0		3.8		14.5
2006		3.3		3.3		3.6		3.4		13.6


	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2005		5.3		5.8		7.0		3.5		21.6
2006		9.4		0.9		0.9		15.1		26.3


	Net cash provided by (used for) operating activities
	Q1		Q2			Q3		Q4		FY
2005		8.3		(0.9	)		10.8		8.2		26.4
2006		20.7		7.4			5.0		5.6		38.7


	Net cash provided by (used for) investing activities
	Q1			Q2			Q3			Q4			FY
2005		(5.3	)		(5.8	)		(6.8	)		(3.5	)		(21.4	)
2006		(9.4	)		(0.8	)		(0.9	)		15.3			4.2


	Cash flow before financing activities (1)
	Q1		Q2			Q3		Q4		FY
2005		3.0		(6.7	)		4.0		4.7		5.0
2006		11.3		6.6			4.1		20.9		42.9


	Net cash provided by (used for) financing activities
	Q1			Q2			Q3			Q4			FY
2005		(2.7	)		6.5			1.2			(10.1	)		(5.1	)
2006		(11.1	)		(5.2	)		(5.6	)		(17.0	)		(38.9	)


	Dividends to NACCO
	Q1		Q2		Q3		Q4		FY
2005		2.2		3.0		0.5		0.7		6.4
2006		6.3		1.8		6.6		8.3		23.0


	Total debt
	Q1		Q2		Q3		Q4		FY
2005		115.7		121.7		123.4		114.1		114.1
2006		109.4		106.0		107.1		101.2		101.2


	Equity
	Q1		Q2		Q3		Q4		FY
2005		83.2		86.3		89.1		84.5		84.5
2006		59.1		62.7		59.9		60.0		60.0


	Return on Equity (2)
	Q1			Q2			Q3			Q4			FY
2005		21.9	%		20.5	%		17.5	%		19.1	%		19.1	%
2006		19.4	%		29.2	%		35.0	%		60.9	%		60.9	%


(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
2005		(0.3	)		(0.5	)		(0.6	)		(1.2	)		(2.6	)
2006		(1.4	)		(0.5	)		(2.6	)		(1.2	)		(5.7	)


	Interest (Income) Expense
	Q1			Q2			Q3			Q4			FY
2005		(0.7	)		(0.5	)		(0.4	)		(0.7	)		(2.3	)
2006		(0.9	)		(0.9	)		(1.1	)		(1.2	)		(4.1	)


	Other (Income) Expense
	Q1		Q2		Q3		Q4			FY
2005		0.4		0.4		0.4		(0.5	)		0.7
2006		0.5		0.3		0.5		3.9			5.2


	Income (Loss) Before Taxes, Extraordinary Gain (Loss) and
	Cumulative Effect of Accounting Changes
	Q1			Q2			Q3			Q4			FY
2005		—			(0.4	)		(0.6	)		—			(1.0	)
2006		(1.0	)		0.1			(2.0	)		(3.9	)		(6.8	)


	Extraordinary Gain (Loss)
	Q1		Q2		Q3		Q4		FY
2005		—		—		—		4.7		4.7
2006		—		—		—		12.8		12.8


	Net Income (Loss)
	Q1			Q2			Q3			Q4		FY
2005		1.7			(1.0	)		(0.1	)		6.3		6.9
2006		(1.2	)		(1.4	)		(1.9	)		10.5		6.0

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