Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

A summary of the unaudited results of operations for the year ended December 31 is as follows:

	2012
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Revenues
NACoal	$	24.3		$	19.2		$	38.0		$	50.9
HBB	104.9			110.7			124.8			181.2
KC	45.3			42.3			48.2			88.9
Eliminations	(0.8		)	(0.8		)	(0.9		)	(2.8		)
	$	173.7		$	171.4		$	210.1		$	318.2
Gross profit	$	45.6		$	43.2		$	52.3		$	84.8
Earnings of unconsolidated mines	$	12.0		$	10.6		$	11.5		$	11.1
Operating profit (loss)
NACoal	$	11.9		$	9.2		$	8.6		$	13.5
HBB	2.1			5.1			8.7			19.9
KC	(4.6		)	(5.1		)	(1.9		)	7.0
NACCO and Other	(1.5		)	(1.5		)	(0.6		)	(3.4		)
Eliminations	0.1			—			—			—
	$	8.0		$	7.7		$	14.8		$	37.0
NACoal	$	9.2		$	7.1		$	8.2		$	8.3
HBB	1.0			2.2			5.3			12.7
KC	(2.8		)	(3.2		)	(1.2		)	4.1
NACCO and Other	(1.4		)	(1.7		)	(1.1		)	(4.4		)
Eliminations	(1.2		)	(0.9		)	(1.0		)	3.0
Income from continuing operations	4.8			3.5			10.2			23.7
Discontinued operations	20.4			18.3			27.8			—
Net income	$	25.2		$	21.8		$	38.0		$	23.7
Basic earnings per share:
Continuing operations	$	0.57		$	0.42		$	1.22		$	2.83
Discontinued operations	2.44			2.18			3.31			—
Basic earnings per share	$	3.01		$	2.60		$	4.53		$	2.83
Diluted earnings per share:
Continuing operations	$	0.57		$	0.42		$	1.21		$	2.81
Discontinued operations	2.43			2.18			3.31			—
Diluted earnings per share	$	3.00		$	2.60		$	4.52		$	2.81

The significant increase in operating results in the fourth quarter of 2012 compared with the prior quarters of 2012 is primarily due to the seasonal nature of HBB's and KC's businesses. NACoal results include the following related to the Reed Minerals acquisition:

	Third Quarter		Fourth Quarter
Revenues	$	7.7	$	21.6
Operating profit	$	—	$	1.5

	2011
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Revenues
NACoal	$	17.9		$	19.4		$	21.0		$	23.5
HBB	100.6			104.3			126.7			161.4
KC	40.9			40.0			48.9			91.4
Eliminations	(0.5		)	(0.7		)	(2.0		)	(2.4		)
	$	158.9		$	163.0		$	194.6		$	273.9
Gross profit	$	40.8		$	40.0		$	48.5		$	80.3
Earnings of unconsolidated mines	$	12.1		$	9.5		$	11.1		$	12.8
Operating profit (loss)
NACoal	$	9.5		$	5.3		$	7.0		$	13.4
HBB	3.3			3.6			7.9			19.0
KC	(5.4		)	(4.3		)	(0.6		)	12.8
NACCO and Other	(2.5		)	(1.1		)	(0.9		)	(2.8		)
Eliminations	—			0.1			(0.1		)	(0.1		)
	$	4.9		$	3.6		$	13.3		$	42.3
NACoal	$	7.1		$	4.6		$	5.8		$	11.9
HBB	1.0			1.3			4.1			12.0
KC	(3.3		)	(2.7		)	(0.5		)	7.6
NACCO and Other	34.7			(1.0		)	(0.7		)	(2.3		)
Eliminations	0.5			(0.8		)	(0.5		)	0.7
Income from continuing operations	40.0			1.4			8.2			29.9
Discontinued operations	22.8			17.8			17.5			24.5
Net income	$	62.8		$	19.2		$	25.7		$	54.4
Basic earnings per share:
Continuing operations	$	4.78		$	0.17		$	0.98		$	3.56
Discontinued operations	2.73			2.12			2.08			2.92
Basic earnings per share	$	7.51		$	2.29		$	3.06		$	6.48
Diluted earnings per share:
Continuing operations	$	4.76		$	0.17		$	0.97		$	3.56
Discontinued operations	2.72			2.11			2.08			2.91
Diluted earnings per share	$	7.48		$	2.28		$	3.05		$	6.47

The significant increase in operating results in the fourth quarter of 2011 compared with the prior quarters of 2011 is primarily due to the seasonal nature of HBB's and KC's businesses.