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NACCO INDUSTRIES ANNOUNCES FIRST QUARTER EARNINGS

 NACCO INDUSTRIES ANNOUNCES FIRST QUARTER EARNINGS
 MAYFIELD HTS., Ohio, April 22 /PRNnewswire/ -- NACCO Industries, Inc. (NYSE: NC) today announced net income for the first quarter of 1992 of $1.1 million, or $0.12 per share, compared with net income of $1.7 million, or $.20 per share, reported in the same period last year. Revenues for the quarter were $316.9 million compared with $304.9 million for the first quarter last year.
 The Company stated that operating results in the first quarter were in line with expectations. Hyster-Yale continued to be affected by the weak economy, facing stiff price competition during the quarter. However, the company experienced increased shipments and modest improvement in its order rate. Hamilton Beach/Proctor-Silex shipments were at normal seasonal lows but sales and operating results were improved over prior-year levels. North American Coal continued to provide stable earnings and cash flow. The Kitchen Collection saw increased demand and is operating ahead of last year and 1992 plan levels.
 NACCO Industries is a holding company with four operating subsidiaries. Hyster-Yale Materials Handling, Inc. is a world leader in the design and manufacture of forklift trucks, marketed under the Hyster(TM) and Yale(TM) brand names. The North American Coal Corporation mines and markets lignite coal primarily as fuel for power generation by electric utilities. Hamilton Beach/Proctor- Silex, Inc. is a leading manufacturer of small electric appliances. The Kitchen Collection, Inc. is a national specialty retailer of kitchenware and small electric appliances.
 NACCO INDUSTRIES, INC. AND SUBSIDIARIES
 FINANCIAL AND OPERATING HIGHLIGHTS
 (In thousands, except
 per share data)
 Three Months Ended
 March 31
 1992 1991
 Total revenues $316,888 $304,913
 Net income $1,070 $1,735
 Net income per share $.12 $.20
 Cash dividends per share $.155 $.150
 Average shares outstanding 8,883 8,878
 (All amounts are subject to annual audit by independent public accountants)
 -0- 4/22/92
 /CONTACT: John R. Cook, Senior Vice President - Finance and Administration and Chief Financial Officer of NACCO, 216/449-9600/
 (NC) CO: NACCO Corporation ST: Ohio IN: MNG SU: ERN


CG -- CL009 -- 1204 04/22/92 11:16 EDT
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Date:Apr 22, 1992
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