Nacco Industries greenlights $20 million stock buyback initiative
Stock Repurchase Program: NACCO's Board of Directors has approved a new stock repurchase program allowing the company to buy back up to $20 million of its Class A Common Stock until December 31, 2027.
Replacement of Previous Program: This new program replaces the previous repurchase initiative, which was set to expire on December 31.
Previous Repurchases: Under the prior program, NACCO successfully repurchased over $12 million in shares.
CEO Statement: J.C. Butler, President and CEO, expressed satisfaction with the new program's authorization following the completion of the previous repurchase efforts.
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Global Market Trends: Investors are currently favoring narratives over financial fundamentals, leading to many companies trading below their book value despite strong balance sheets and financial health, particularly in the U.S., Europe, Japan, and China.
U.S. Market Insights: In the U.S., many asset-intensive businesses, especially in the financial sector, are undervalued despite solid capital positions and liquidity, reflecting a market mindset of crisis rather than current financial realities.
European Financial Strength: European banks and industrial companies are well-capitalized and generating profits, yet they are trading below tangible book value due to market perceptions of impending downturns, creating investment opportunities.
Japanese and Chinese Opportunities: Japan's companies often have strong balance sheets with net cash positions, while in China, a distinction exists between companies with solid financials and those facing real risks, presenting a selective investment landscape focused on financial strength.
Validea's Upgrades: Validea's Price/Sales Investor model, based on Kenneth Fisher's strategy, has upgraded several stocks, indicating improved ratings due to strong fundamentals and valuations.
NACCO Industries: The rating for NACCO Industries Inc. increased from 48% to 70%, reflecting its position as a small-cap value stock in the Coal industry with solid fundamentals.
Primoris Services Corp: Primoris Services Corp's rating rose from 60% to 80%, highlighting its growth potential in the Construction Services industry, driven by its critical infrastructure services.
OraSure Technologies: OraSure Technologies Inc. saw its rating improve from 58% to 70%, showcasing its growth in the Biotechnology & Drugs sector through innovative health diagnostics solutions.
- Dual Listing: NACCO Industries announced that its Class A Common Stock will begin trading on NYSE Texas on December 11, 2025, reinforcing its long-standing relationship with the NYSE while maintaining its primary listing on the New York Stock Exchange.
- Increased Market Visibility: The dual listing in Texas not only enhances NACCO's market visibility but also demonstrates its support for the state's business-friendly environment, which is expected to attract more investor interest in its natural resources operations.
- Strengthened Community Ties: CEO J.C. Butler emphasized the company's deep community ties in Texas, indicating that its investments and operations in the region will continue to contribute to local economic development.
- Long-Term Value Creation: This listing will provide NACCO with additional support from the capital market infrastructure, aiding the company in creating long-term shareholder value and further solidifying its leadership position in the natural resources sector.

- Dual Listing: NACCO Industries announced that its Class A Common Stock will dual list on the newly launched NYSE Texas effective December 11, 2025, while maintaining its primary listing on the New York Stock Exchange, aimed at enhancing market visibility.
- Strategic Commitment: CEO J.C. Butler stated that this dual listing not only reinforces the long-standing relationship with the NYSE but also demonstrates support for Texas' business-friendly environment, further strengthening investments and community ties in the region.
- Market Infrastructure Support: By seizing the dual listing opportunity, NACCO actively participates in Texas' growing capital market infrastructure, showcasing its commitment to creating long-term value for shareholders.
- Industry Recognition: NYSE Texas President Bryan Daniel expressed excitement in welcoming NACCO Industries to its community, emphasizing NACCO's leadership in the natural resources sector, which further enhances the company's industry influence.

Dividend Announcement: NACCO Industries declared a quarterly cash dividend of 25.25 cents per share, payable on December 15, 2025, to stockholders of record as of December 1, 2025.
Stock Repurchase Program: The company approved a new stock repurchase program allowing up to $20 million in repurchases of Class A Common Stock through December 31, 2027, replacing the previous program.
Management's Statement: CEO J.C. Butler expressed confidence in the company's long-term prospects and emphasized the importance of balancing share repurchases with other capital needs.
Forward-Looking Statements: The announcement includes forward-looking statements that are subject to risks and uncertainties, and the company does not commit to updating these statements after the release date.
NGL Energy Partners LP Performance: NGL Energy Partners reported strong second-quarter sales, with a 66% stock gain over the past month and an RSI of 92.6, indicating it may be overbought.
NACCO Industries Inc Growth: NACCO Industries showed solid quarterly sales growth, with a 20% stock increase in five days and an RSI of 82.3, also suggesting it may be overbought.
Momentum Indicators: The Relative Strength Index (RSI) is used to assess stock momentum, with values above 70 indicating overbought conditions.
Market Insights: Both companies are highlighted as major players in the energy sector, with significant recent stock performance and positive outlooks from their CEOs.









