Welcome to our dedicated page for NACCO Industries SEC filings (Ticker: NC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NACCO Industries filings document a public natural resources company with Class A common stock traded under the NC symbol and operations reported through mining, minerals, royalties, aggregates, fuels, and environmental solutions businesses. Form 8-K reports furnish quarterly and annual results, Regulation FD investor presentations, dividend declarations, stock repurchase authorizations, and exchange-listing information.
Proxy materials describe board governance, committee structure, director independence, audit matters, executive compensation, human capital oversight, related-person transaction review, insider trading and hedging policies, and shareholder meeting matters. Other filings record compensation arrangements, retirement plan amendments, capital-return actions affecting Class A and Class B common stock, and the risk and forward-looking disclosure framework used in company presentations.
NACCO Industries SVP Finance and Treasurer Thomas A. Maxwell sold 1,785 shares of Class A Common Stock in an open-market transaction at $48.55 per share. After this sale, he directly holds 5,944 shares of NACCO Industries stock.
NACCO Industries reported fourth-quarter 2025 revenue of $66.8 million, down modestly from 2024, but gross profit rose to $12.0 million and operating profit nearly doubled to $7.6 million on better performance across all segments. The quarter showed a net loss of $3.8 million versus net income of $7.6 million a year earlier, mainly because of a $7.8 million pension settlement charge and an unfavorable tax adjustment. Adjusted EBITDA climbed to $14.3 million, up 59% year over year.
For full-year 2025, revenue increased to $277.2 million, while net income declined to $17.6 million, or $2.35 per share, from $33.7 million, or $4.55 per share, in 2024, when results included $13.6 million of business interruption insurance recoveries. Full-year Adjusted EBITDA was $48.9 million versus $59.4 million in 2024. At year-end, NACCO had outstanding debt of $100.9 million and total liquidity of $124.2 million, including $49.7 million of cash. Management expects meaningful year-over-year improvements in 2026 operating profit, net income and EBITDA.
NACCO Industries describes how it has evolved into a diversified U.S. natural resources company with three main segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties, plus Mitigation Resources and ReGen power development.
The company emphasizes long-term, fee-based mining contracts and recurring royalty income to create predictable cash flows, while investing in growth areas such as aggregates contract mining, oil and gas mineral interests, mitigation banking and energy projects on reclaimed mine lands. Key developments include a multi-year U.S. Army Corps dragline contract in Florida, additional investments of $15.0 million in Eiger Resources and $4.6 million in mineral acquisitions in 2025, and termination of an overfunded pension plan with a $7.8 million non‑cash settlement charge. The report also notes operational challenges at MLMC’s Red Hills Power Plant, including outages that led to a $13.6 million business interruption recovery in 2024 and an expected operating loss in 2026, as well as two employee fatalities at a Florida quarry and extensive environmental and regulatory risks affecting coal, oil, gas and emerging solar projects.
NACCO Industries insider Helen Rankin Butler filed a Form 4 reporting indirect changes in Class A Common Stock tied to her spouse’s compensation. Her spouse received 39,630 shares of Class A Common Stock as an award under the company’s Executive Long-Term Incentive Compensation Plan.
On the same date, 8,777 Class A shares were surrendered back to NACCO in a cashless transaction to cover her spouse’s tax withholding obligations on that stock award. The filing also details multiple indirect holdings of both Class A and Class B shares through trusts, partnerships, and retirement accounts, with several footnotes stating that Butler disclaims beneficial ownership of some of these interests.
NACCO Industries reported that a trust associated with President and CEO John C. Butler Jr. acquired 39,630 shares of Class A Common Stock as a stock award under the company’s Executive Long-Term Incentive Compensation Plan. On the same date, the trust surrendered 8,777 Class A shares to the company in a cashless transaction to cover tax withholding on this award, rather than through an open-market sale. After these transactions, the trust’s indirect holdings of Class A shares reported in this line totaled 389,781. The filing also lists additional indirect Class A and Class B holdings through various family trusts, partnerships, and an IRA, with several positions expressly reported as beneficial ownership disclaimed.
NACCO Industries senior vice president and general counsel John D. Neumann reported equity compensation activity in Class A Common Stock. He received a grant of 5,409 shares under the company's Executive Long-Term Incentive Compensation Plan, with no cash price per share. In a related tax-withholding disposition, he surrendered 249 shares back to the company through a cashless exercise to cover tax obligations on the stock award. After these transactions, he directly owned 43,708 Class A shares.
NACCO Industries senior vice president of finance and treasurer Thomas A. Maxwell reported equity compensation activity in Class A common stock. He received a grant of 1,870 shares under the Executive Long-Term Incentive Compensation Plan and separately disposed of 296 shares through a tax-withholding surrender to the company, ending with 7,729 directly held shares.
NACCO Industries senior vice president and controller Elizabeth Loveman reported equity compensation and related tax withholding in Class A Common Stock. On February 17, 2026, she was awarded 2,905 shares at $0 per share under the company’s Executive Long-Term Incentive Compensation Plan. On the same date, she surrendered 363 shares to the company in a cashless transaction to cover tax withholding on this stock award. After these transactions, she directly owned 20,714 shares of Class A Common Stock.
NACCO Industries subsidiary officer John Patrick Sullivan Jr. reported equity-based compensation activity in Class A common stock. He received a grant of 5,180 shares under the company’s Executive Long-Term Incentive Compensation Plan, with no cash price shown because this was an award, not an open-market purchase.
To cover related tax withholding obligations, he surrendered 245 shares back to the company in a cashless transaction. After these grant and tax-withholding disposition entries, he directly owns 41,029 shares of NACCO Industries Class A common stock.
NACCO Industries subsidiary officer Dewing Carroll L reported equity compensation changes in Class A Common Stock. On February 17, 2026, Carroll received a grant of 6,303 shares at no cost under the company’s Executive Long-Term Incentive Compensation Plan. On the same date, 388 shares were disposed of through a cashless, tax-withholding transaction in which award shares were surrendered back to the company to cover tax obligations. After these non-market transactions, Carroll directly owned 49,897 Class A shares.