Nacco Industries announces $20M stock repurchase program

Nacco’s Board of Directors approved a stock repurchase program providing for the purchase of up to $20M of the company’s outstanding Class A Common Stock through December 31, 2025. Nacco’s current program would have expired on December 31, 2023 but has been terminated and replaced by the new program. Since the adoption of the prior program in November 2021, the company has expended approximately $1.5M to purchase approximately 45,000 shares of Class A Common Stock.