Hamilton Beach 2011 Annual Report Download - page 2

Hamilton Beach Brands (“HBB”)
Headquarters: Richmond, Virginia
HBB is a leading designer, marketer and distributor of small
electric household appliances, as well as commercial products
for restaurants, bars and hotels.
HBB has a broad portfolio of some of the most recognized and
respected brands in the small electric appliance industry,
including Hamilton Beach®, Proctor Silex®, eclectrics®, TrueAir®
and Hamilton Beach®Commercial.
MINING
Market Positions
NMHG:
NMHG is one of the top five world
leaders in the lift truck industry.
Lift trucks are distributed through a
worldwide network of independent
Hyster®and Yale®dealers.
Financial Results
NMHG:
Revenues:
$2.5 billion
Operating profit:
$110.0 million
*Net income:
$82.6 million
HBB:
HBB is a leading company in retail
and commercial small appliances,
with strong share positions in
many of the categories in which it
competes.
HBB products are primarily
distributed through mass merchants,
national department stores,
wholesale distributors and other
retail sales outlets.
Kitchen Collection:
Kitchen Collection is the nation’s
leading specialty retailer of kitchen
and related products in factory outlet
malls with 337 stores throughout
the United States in 2011.
NACoal:
North American Coal is the nation’s
largest miner of lignite coal and
among the ten largest coal producers.
Coal is delivered from developed
mines in Mississippi, North Dakota
and Texas to adjacent or nearby
power plants.
Principal Businesses
NACCO Materials Handling Group (“NMHG”)
Headquarters: Cleveland, Ohio
NMHG designs, engineers, manufactures, sells and services a
comprehensive line of lift trucks and aftermarket parts marketed
globally primarily under the Hyster®and Yale®brand names.
Lift trucks and component parts are manufactured in the
United States, Northern Ireland, Mexico, The Netherlands, the
Philippines, Italy, Japan, Vietnam, Brazil and China.
North American Coal (“NACoal”)
Headquarters: Plano, Texas
North American Coal mines and markets coal primarily as fuel for
power generation and provides selected value-added mining
services for other natural resources companies. North American
Coal operates four surface coal mining operations and has four
additional coal mines under development.
The company also provides dragline mining services operating
under the name “North American Mining Company” for
independently owned limerock quarries in Florida.
HBB:
Revenues:
$493.0 million
Operating profit:
$33.8 million
*Net income:
$18.4 million
Kitchen Collection:
Revenues:
$221.2 million
Operating profit:
$2.5 million
*Net income:
$1.1 million
NACoal:
Revenues:
$81.8 million
Operating profit:
$35.2 million
*Net income:
$29.4 million
Kitchen Collection
Headquarters: Chillicothe, Ohio
Kitchen Collection is a national specialty retailer of kitchenware
and gourmet foods operating under the Kitchen Collection®and
Le Gourmet Chef®store names in outlet and traditional malls
throughout the United States.
*For purposes of this annual report, discussions about net income refer to net income attributable to stockholders.
NACCO Industries, Inc. at a Glance
Front cover: Left: The Yale®GC050LX internal combustion engine basic lift truck has a lifting capacity of
5,000 pounds. Center: The dragline at The Coteau Properties Company’s Freedom Mine. Right: A mixture
of Hamilton Beach®kitchen products sold at Kitchen Collection®and Le Gourmet Chef®stores