Hamilton Beach 2015 Annual Report Download

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Strategic Update
NACCO Industries, Inc.
2015 Annual Report

Table of contents

  • Page 1
    NACCO Industries, Inc. 2015 Annual Report Strategic Update

  • Page 2
    ... Return on Capital Employed:(1) (1.3%) Kitchen Collection is a leading specialty retailer of kitchen and related products in outlet and traditional malls with 229 stores throughout the United States at December 31, 2015. (1) This Annual Report contains references to non-GAAP financial measures...

  • Page 3
    ... brands with leading market shares • Strong relationships with leading retailers • Highly professional and experienced management team • Successful track record of product line expansion and new product innovation • Industry-leading working capital management Achieve $750 million in sales...

  • Page 4
    ... "Discussion of 2015 Results" on page 4, the resulting after-tax amount and the related income tax amount have been included and reconciled on page 14. Certain after-tax amounts are considered non-GAAP measures in accordance with Regulation G. Management believes that after-tax information is useful...

  • Page 5
    ... Financing Activities North American Coal Corporation ...$ 94,413 Hamilton Beach Brands ...9,166 Kitchen Collection ...10,780 NACCO and Other ...(14,648) Consolidated Cash Flow before Financing Activities (5) from continuing operations ...$ 99,711 (5) (In thousands, except employee data) $ (6,082...

  • Page 6
    ...result of a $2.8 million pre-tax charge related to the realignment and store closures recognized in 2014 as well as fewer promotional markdowns, a shift in sales mix to higher-margin products and a reduction in store expenses in 2015. Consolidated NACCO revenues increased from $896.8 million in 2014...

  • Page 7
    ... companies. Hamilton Beach Brands, Inc., headquartered in Richmond, Virginia, is a leading designer, marketer and distributor of small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC, headquartered...

  • Page 8
    ... are consolidated in the Company's financial statements. Mississippi Lignite Mining Company (MLMC) delivers coal to a single power plant adjacent to the mine. MLMC's sales prices are not subject to spot coal market fluctuations since MLMC sells coal to its customer at a contractually agreed-upon...

  • Page 9
    ..., New Mexico. Pictured left to right are Rick Ziegler, President of NACoal's subsidiary, Bisti Fuels Company, which will operate the mine, Navajo Nation President Russell Begaye, and J.C. Butler, President and Chief Executive Officer of North American Coal. system for a power plant customer...

  • Page 10
    ... Properties Company received the inaugural 2015 Distinction in Reclamation Award. This award was given by the American Society of Mining and Reclamation for construction of a lake and reclamation of surrounding grasslands on mined land, which were donated by Coteau to the North Dakota Game and Fish...

  • Page 11
    ... bottom right): Digital Simplicity™ Rice Cooker, Breakfast Burrito Maker, 8-Cup Food Processor, FlexBrew® Programmable Single Serve Coffee maker with Hot Water Dispenser, Set & Forget® Programmable Slow Cooker, and Easy Reach™ Convection Oven. sold worldwide under preferred brand names and to...

  • Page 12
    ... leveraging its strong brand portfolio which includes Proctor Silex®, Hamilton Beach®, Weston®, Wolf Gourmet® and Jamba®. A second area of growth opportunity is through the enhancement of online sales and communications. In the past few years, online sales of small kitchen appliances have grown...

  • Page 13
    ...with the Sub-Zero Group, Inc. and the Jamba Juice Company. HBB and Sub-Zero Group launched a full line of Wolf Gourmet branded small kitchen appliances and cooking tools in 2015 for sale in high-end retail channels, in Sub-Zero and Wolf showrooms, and on the Internet. Hamilton Beach secured its lead...

  • Page 14
    ... to comparable store sales growth. Kitchen Collection expects to accomplish this by increasing closure rates through continued refinement of its format, ongoing review of specific product offerings, ® ® Conclusion and NACCO Outlook NACCO is a strong, multi-industry company with leading businesses...

  • Page 15
    ..., President and Chief Executive Officer NACCO Industries, Inc. J.C. Butler, Jr. President and Chief Executive Officer The North American Coal Corporation Gregory H. Trepp President and Chief Executive Officer Hamilton Beach Brands, Inc. Chief Executive Officer The Kitchen Collection, LLC 13

  • Page 16
    ... reï¬,ective of NACCO's underlying business operations and enables investors to better understand the results of operations of the Company. Calculation of Return on Capital Employed and Return on Equity: (In thousands, except percentage data) HBB Kitchen Collection 2015 NACoal 2015 Average Equity...

  • Page 17
    ...on May 9, 2016, at 2:30 p.m. at the corporate office located at: 5875 Landerbrook Drive, Cleveland, Ohio 44124 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...

  • Page 18
    5875 Landerbrook Drive, Suite 220 • Cleveland, Ohio 44124 An Equal Opportunity Employer