Hamilton Beach 2010 Annual Report Download

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2010 Annual Report
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Table of contents

  • Page 1
    . 2010 Annual Report

  • Page 2
    ... Collection is the nation's leading specialty retailer of kitchen and related products in factory outlet malls with 300 stores throughout the United States in 2010. North American Coal ("NACoal") Headquarters: Dallas, Texas North American Coal mines and markets coal primarily as fuel for power...

  • Page 3
    ...-quality products - Continually reduce supply chain costs • Partnerships with our customers and suppliers • Organizational excellence - People and processes development Kitchen Collection: • Unique, high-quality, widest variety of affordable products in creative store environments • Store...

  • Page 4
    ... result of a reduction to Bellaire Corporation's estimated closed mine obligations relating to amounts owed to the United Mine Workers of America Combined Benefit Fund arising as a result of the Coal Industry Retiree Health Benefit Act of 2006. (4) In 2006, NACCO initiated litigation in the Delaware...

  • Page 5
    Year Ended December 31 2010(4) 2009(4) 2008(1)(4) 2007 2006 Cash Flow Data: Operating Activities NACCO Materials Handling Group ...$ Hamilton Beach Brands ...Kitchen Collection ...North American Coal Corporation ...NACCO and Other ...Provided by operating activities ...$ Investing Activities ...

  • Page 6
    ...where Hamilton Beach Brands ("HBB") and Kitchen Collection are primarily focused, was not as strong as in the high-end consumer market. Mass-market consumers continued to struggle with high unemployment rates and financial concerns. Demand for lignite from customers served by The North American Coal...

  • Page 7
    ... Le Gourmet Chef ® stores are not expected to achieve their target objective until sales volumes increase and additional underperforming stores have been closed. Improving market conditions in the lift truck market have helped NMHG return to more normal operating levels and allowed the company to...

  • Page 8
    ... distribution network. Major enhancements were also made to NMHG's product lines. All of these factors, combined with NMHG's aggressive actions to help dealers significantly reduce inventories at the beginning of the downturn, allowed the company to gain market NACCO Materials Handling Group 2010...

  • Page 9
    ... in 2011 since the company will have a complete year of fully restored compensation and benefits, as well as costs of a larger workforce working additional shifts to meet market demand. NMHG will continue to adjust manufacturing levels as needed to respond to market demand levels and supply chain...

  • Page 10
    ... 12-ton big truck in mid-2011. To strengthen innovation and execution of advanced product development programs, NMHG has recently set up a new Engineering Concept Centre at NMHG's European headquarters in the United Kingdom. In the years ahead, the company expects to continue to work aggressively to...

  • Page 11
    ... the cost of trucks, which in turn is likely to lead to substantial price increases for certain trucks beginning with deliveries in 2012. Overall, NMHG believes its products, supply chain, manufacturing, quality, pricing, distribution and sales and marketing programs will position the company well...

  • Page 12
    ...mining services agreements in Indonesia and India, in which NACoal is assisting other companies in setting up and managing their mines. Overall, NACoal expects full-year 2011 net income to decrease compared with 2010 mainly as a result of the absence of the reimbursement of previously expensed costs...

  • Page 13
    ... profits that exceed its financial objectives. NACoal's vision is to continue to be a leading low-cost miner of coal used in power generation, coal-to-liquids, coal gasification and activated carbon plants and to provide selected value-added mining services for companies in the aggregates business...

  • Page 14
    ... products include, clockwise at top: Hamilton Beach® Wave Power® Plus blender, Hamilton Beach® BrewStation® 12-cup dispensing coffeemaker, Hamilton Beach® FashionFirst™ iron, Hamilton Beach® Half Pint™ softserve ice cream maker, Melitta® 12 cup coffee brewer. Hamilton Beach Brands 2010...

  • Page 15
    ...portable oval slow cooker, offered in citrus colors of red, orange, green and yellow; Hamilton Beach Stay-or-Go® Personal Cup™ pod coffeemaker; Hamilton Beach® Commercial Tournant™ high-performance food blender; Hamilton Beach® digital two-slice toaster; Hamilton Beach® Big Mouth® Pro juice...

  • Page 16
    ... reflect financial concerns and high unemployment rates in Kitchen Collection's target consumer base. In addition, increasing fuel costs could continue to affect the number of customer visits in 2011. Nevertheless, due to the opening of new Kitchen Collection® stores, enhanced product offerings and...

  • Page 17
    ... The Kitchen Collection® store at Aurora Farms Premium Outlets near Cleveland, Ohio features highermargin, brand-name kitchen gadgets, small electric appliances and a variety of other kitchen- and housewares-related products. Above: The Le Gourmet Chef® store in Indianapolis, Indiana. The opening...

  • Page 18
    ... the company focuses on improving the profitability of its Le Gourmet Chef stores. Finally, while results are ® Alfred M. Rankin, Jr. Chairman, President and Chief Executive Officer, NACCO Industries, Inc. Robert L. Benson President and Chief Executive Officer, The North American Coal Corporation...

  • Page 19
    ... Avenue Cleveland, Ohio 44115 Stock Exchange Listing The New York Stock Exchange Symbol: NC Investor Relations Contact Investor questions may be addressed to: Investor Relations NACCO Industries, Inc. 5875 Landerbrook Drive, Suite 300 Cleveland, Ohio 44124 (440) 449-9669 E-mail:[email protected]

  • Page 20
    . 5875 Landerbrook Drive, Suite 300 • Cleveland, Ohio 44124 An Equal Opportunity Employer