Nacco Industries INC: directors' dealings · United States · SEC (Form 4)

About Nacco Industries INC

NACCO Industries Inc. (NYSE: NC) is a U.S.-listed company traded on the NYSE in the United States, and it stands out as a niche natural-resources and environmental-solutions platform rather than a conventional mining pure-play. Headquartered in Cleveland, Ohio, NACCO has a long industrial history rooted in coal-related businesses. The company highlights that it has been listed on the NYSE for 60 years and, including its predecessor, has paid annual dividends since 1956. ([ir.nacco.com](https://ir.nacco.com/)) Today, NACCO operates through three core segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines that supply power generation customers. North American Mining provides contract mining and related services for customers producing aggregates, activated carbon, lithium, and other industrial minerals. Minerals Management includes Catapult Mineral Partners and focuses on acquiring and advancing mineral interests. The group also includes Mitigation Resources of North America, which provides stream and wetland mitigation solutions, plus comprehensive reclamation and restoration construction services. ([filecache.investorroom.com](https://filecache.investorroom.com/mr5ir_nacco/399/NC_AR_2024_Entire_LR.pdf)) From an equity analyst perspective, NACCO’s business model is best understood as asset-backed, contract-driven, and operationally specialized. It is not a diversified global mining major; instead, it monetizes long-duration customer relationships, mineral interests, mine services, and environmental restoration capabilities. That structure can provide a different risk profile than commodity producers exposed directly to spot market swings, although the company still remains tied to industrial activity, coal demand in specific end markets, project timing, and execution in mining services. ([filecache.investorroom.com](https://filecache.investorroom.com/mr5ir_nacco/399/NC_AR_2024_Entire_LR.pdf)) Geographically, NACCO is primarily a domestic U.S. business, with corporate headquarters in Cleveland and operating footprints across several U.S. states through its subsidiaries and mine-related activities. In that sense, the company is more of an American industrial and natural-resources platform than an internationally diversified mining group. ([ir.nacco.com](https://ir.nacco.com/)) Recent developments suggest a business in transition toward steadier cash generation and shareholder returns. In March 2025, NACCO reported its full-year 2024 results and stated that it expected significant annual cash flow generation beginning in 2025 based on its business plan. In May 2026, the company announced first-quarter 2026 results and declared a 4% increase in its regular quarterly cash dividend, underscoring management’s focus on capital discipline and distributions. ([ir.nacco.com](https://ir.nacco.com/2025-03-05-NACCO-INDUSTRIES-ANNOUNCES-FOURTH-QUARTER-AND-FULL-YEAR-2024-RESULTS))