UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 _______________________________________________________________________________________________________________________________________________________________________________________________________

FORM 8-K

	
	
CURRENT REPORT	
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934	

	
			
Date of Report (Date of earliest event reported):	November 2, 2017	
 	 	 	
HAMILTON BEACH BRANDS HOLDING COMPANY	
(Exact name of registrant as specified in its charter)	
 	 	 	
DELAWARE	000-55845	31-1236686	
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)	
 	 	 	
4421 WATERFRONT DR, GLEN ALLEN, VA	23060	
(Address of principal executive offices)	(Zip code)	
 	 	 	
(804) 273-9777	
(Registrant's telephone number, including area code)	
 	 	 	
N/A	
(Former name or former address, if changed since last report)	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
Emerging growth company       [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     [ ]

	

Item 2.02 Results of Operations and Financial Condition and
Item 7.01 Regulation FD Disclosure.
    
On November 2, 2017, Hamilton Beach Brands Holding Company (the “Company”) will post on its website at www.hamiltonbeachbrands.com additional historical quarterly financial data. A copy of the additional data is attached as Exhibit 99 to this Current Report on Form 8-K.

This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.

The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.

	
			
(d) Exhibits	 	 	
 	 	 	
99	 	Hamilton Beach Brands Holding Company additional historical quarterly financial data, as posted on the Hamilton Beach Brands Holding Company website at www.hamiltonbeachbrands.com on November 1, 2017.	

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	

Date:	November 2, 2017	 	HAMILTON BEACH BRANDS HOLDING COMPANY	 	
 	 	 	 	 	
 	 	By:	/s/ James H. Taylor	 	
 	 	 	James H. Taylor	 	
 	 	 	Vice President and Chief Financial Officer	 	

	
																								
 	 	 	 	 	 	 	 	 	 	 	EXHIBIT 99	 	
Hamilton Beach Brands Holding Company - Consolidated	
(in thousands, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	143,134		154,918		188,390		258,915		745,357		 	 	 	 	 	 	 	 	
2017	140,282		152,976		181,713		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss) (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	(2,889	)	1,684		13,478		31,101		43,374		 	 	 	 	 	 	 	 	
2017	(2,438	)	2,164		7,430		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Interest (Income) Expense (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	454		375		285		260		1,374		 	 	 	 	 	 	 	 	
2017	415		461		423		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Other (Income) Expense (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	62		(231	)	458		548		837		 	 	 	 	 	 	 	 	
2017	(682	)	(296	)	40		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes (2)	 	 	Effective Income Tax Rate (2)	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	(3,405	)	1,540		12,735		30,293		41,163		 	2016	36.9	%	37.4	%	31.4	%	38.5	%	36.4	%	 	
2017	(2,171	)	1,999		6,967		 	 	 	2017	37.5	%	38.0	%	38.9	%	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss) (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	(2,148	)	964		8,732		18,631		26,179		 	 	 	 	 	 	 	 	
2017	(1,357	)	1,239		4,259		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Depreciation, depletion and
amortization expense  (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	1,154		1,405		1,494		2,173		6,226		 	 	 	 	 	 	 	 	
2017	1,308		1,174		1,227		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Capital Expenditures (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	1,838		1,217		1,337		1,610		6,002		 	 	 	 	 	 	 	 	
2017	1,225		1,174		1,967		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) operating activities from continuing operations (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	3,731		15,103		15,673		28,056		62,563		 	 	 	 	 	 	 	 	
2017	(22,161	)	5,900		8,561		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) investing activities from continuing operations (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	(1,791	)	(1,198	)	(1,337	)	(1,599	)	(5,925	)	 	 	 	 	 	 	 	 	
2017	(1,220	)	(1,158	)	(1,967	)	 	 	 	 	 	 	 	 	 	 	

	
																				
Hamilton Beach Brands Holding Company - Consolidated	
(in thousands, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Cash flow before financing activities from continuing operations (1) (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		1,940		13,905		14,336		26,457		56,638		 	 	 	 	 	 	 	 	
2017		(23,381	)	4,742		6,594		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) financing activities from continuing operations (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(16,595	)	(11,656	)	(13,221	)	(20,365	)	(61,837	)	 	 	 	 	 	 	 	 	
2017		17,263		(4,701	)	(8,815	)	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Dividends Paid to NACCO Industries, Inc.	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		10,000		—		—		32,000		42,000		 	 	 	 	 	 	 	 	
2017		3,000		—		35,000		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Total debt (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		51,770		40,314		27,079		38,714		38,714		 	 	 	 	 	 	 	 	
2017		58,978		54,276		80,462		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Equity (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		70,153		69,766		78,375		65,268		65,268		 	 	 	 	 	 	 	 	
2017		61,534		62,961		32,299		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.	
(2	)	On September 29, 2017, NACCO Industries, Inc. (“NACCO”, ticker symbol NC) spun-off Hamilton Beach Brands Holding Company ("the Company” or “HBBHC”).	

	

 Hamilton Beach Brands, Inc.	
(in thousands, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues	 	 	Revenues % Change Year Over Year	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	115,740		127,054		157,264		205,112		605,170		 	2016	(6.1	)%	(1.9	)%	(3.7	)%	0.1	%	(2.5	)%	 	
2017	114,154		127,574		153,592		 	 	 	2017	(1.4	)%	0.4	 %	(2.3	)%	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Gross Profit $	 	 	Gross Profit %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	21,158		25,620		35,029		46,607		128,414		 	2016	18.3	 %	20.2	 %	22.3	 %	22.7	%	21.2	 %	 	
2017	22,615		27,128		35,023		 	 	 	2017	19.8	 %	21.3	 %	22.8	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Expenses	 	 	Operating Expenses as a % of revenues	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	21,091		20,924		20,630		22,736		85,381		 	2016	18.2	 %	16.5	 %	13.1	 %	11.1	%	14.1	 %	 	
2017	21,833		21,964		26,022		 	 	 	2017	19.1	 %	17.2	 %	16.9	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss) $	 	 	Operating Profit (Loss) %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	67		4,696		14,399		23,871		43,033		 	2016	0.1	 %	3.7	 %	9.2	 %	11.6	%	7.1	 %	 	
2017	782		5,164		9,001		 	 	 	2017	0.7	 %	4.0	 %	5.9	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Interest (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	426		323		231		185		1,165		 	 	 	 	 	 	 	 	
2017	380		382		343		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Other (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	43		(247	)	442		532		770		 	 	 	 	 	 	 	 	
2017	(700	)	(310	)	26		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes	 	 	Effective Income Tax Rate	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	(402	)	4,620		13,726		23,154		41,098		 	2016	35.1	 %	36.5	 %	30.7	 %	37.9	%	35.4	 %	 	
2017	1,102		5,092		8,632		 	 	 	2017	37.5	 %	37.3	 %	39.2	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	(261	)	2,934		9,511		14,373		26,557		 	 	 	 	 	 	 	 	
2017	689		3,195		5,245		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Depreciation and amortization expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	799		1,051		1,183		1,648		4,681		 	 	 	 	 	 	 	 	
2017	1,026		900		960		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Working Capital (1)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	86,872		78,058		84,622		95,088		95,088		 	 	 	 	 	 	 	 	
2017	90,132		87,789		101,323		 	 	 	 	 	 	 	 	 	 	

	

 Hamilton Beach Brands, Inc.	
(in thousands, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Capital Expenditures	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		1,280		1,010		998		1,526		4,814		 	 	 	 	 	 	 	 	
2017		972		967		1,738		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) operating activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		13,013		17,055		14,468		14,195		58,731		 	 	 	 	 	 	 	 	
2017		(11,476	)	7,522		7,546		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) investing activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(1,280	)	(995	)	(998	)	(1,515	)	(4,788	)	 	 	 	 	 	 	 	 	
2017		(967	)	(951	)	(1,738	)	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Cash flow before financing activities (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		11,733		16,060		13,470		12,680		53,943		 	 	 	 	 	 	 	 	
2017		(12,443	)	6,571		5,808		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) financing activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(10,595	)	(13,814	)	(12,313	)	(15,115	)	(51,837	)	 	 	 	 	 	 	 	 	
2017		14,863		(6,501	)	(8,215	)	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Dividends to (capital contributions from) NACCO	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		—		—		32,000		32,000		 	 	 	 	 	 	 	 	
2017		—		—		35,000		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Total debt	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		47,770		34,156		21,829		38,714		38,714		 	 	 	 	 	 	 	 	
2017		53,578		47,076		73,862		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Equity	 	 	Return on Equity (3)	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016		50,592		52,176		61,567		44,058		44,058		 	2016	36.5%	38.6%	42.9%	51.1%	51.1%	 	
2017		45,511		48,895		19,077		 	 	 	2017	54.2%	55.1%	53.6%	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.	
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.	
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.	

	

Kitchen Collection, LLC	
(in thousands, except percentage data and number of stores)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Number of stores	 	 	Average sales per store	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	222		220		221		223		223		 	2016	128		130		149		244		651		 	
2017	208		209		209		 	 	 	2017	128		124		137		 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	28,383		28,634		32,895		54,439		144,351		 	 	 	 	 	 	 	 	
2017	26,665		25,868		28,644		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Gross Profit $	 	 	Gross Profit %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	12,944		12,673		15,032		24,742		65,391		 	2016	45.6	 %	44.3	 %	45.7	 %	45.4	%	45.3	%	 	
2017	11,903		11,695		13,093		 	 	 	2017	44.6	 %	45.2	 %	45.7	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Expenses	 	 	Operating Expenses as a % of revenues	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	15,834		15,684		15,953		17,544		65,015		 	2016	55.8	 %	54.8	 %	48.5	 %	32.2	%	45.0	%	 	
2017	15,182		14,703		14,674		 	 	 	2017	56.9	 %	56.8	 %	51.2	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss) $	 	 	Operating Profit (Loss) %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	(2,890	)	(3,011	)	(921	)	7,198		376		 	2016	(10.2	)%	(10.5	)%	(2.8	)%	13.2	%	0.3	%	 	
2017	(3,279	)	(3,008	)	(1,581	)	 	 	 	2017	(12.3	)%	(11.6	)%	(5.5	)%	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Interest (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	28		52		54		75		209		 	 	 	 	 	 	 	 	
2017	35		79		80		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Other (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	19		16		16		16		67		 	 	 	 	 	 	 	 	
2017	18		14		14		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes	 	 	Effective Income Tax Rate	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	(2,937	)	(3,079	)	(991	)	7,107		100		 	2016	36.4	 %	36.5	 %	27.6	 %	41.1	%	n.m.		 	
2017	(3,332	)	(3,101	)	(1,675	)	 	 	 	2017	35.7	 %	36.5	 %	31.0	 %	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	(1,868	)	(1,954	)	(717	)	4,184		(355	)	 	 	 	 	 	 	 	 	
2017	(2,143	)	(1,970	)	(1,155	)	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Depreciation and amortization expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016	355		354		311		525		1,545		 	 	 	 	 	 	 	 	
2017	282		274		267		 	 	 	 	 	 	 	 	 	 	

	

Kitchen Collection, LLC	
(in thousands, except percentage data and number of stores)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Working Capital (1)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		20,496		20,397		20,347		16,413		16,413		 	 	 	 	 	 	 	 	
2017		21,863		19,183		18,085		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Capital Expenditures	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		558		207		339		84		1,188		 	 	 	 	 	 	 	 	
2017		253		207		229		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) operating activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(9,282	)	(1,952	)	1,206		13,861		3,833		 	 	 	 	 	 	 	 	
2017		(10,685	)	(1,622	)	1,017		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) investing activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(511	)	(203	)	(339	)	(84	)	(1,137	)	 	 	 	 	 	 	 	 	
2017		(253	)	(207	)	(229	)	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Cash flow before financing activities (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(9,793	)	(2,155	)	867		13,777		2,696		 	 	 	 	 	 	 	 	
2017		(10,938	)	(1,829	)	788		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net cash provided by (used for) financing activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		(6,000	)	2,158		(908	)	(5,250	)	(10,000	)	 	 	 	 	 	 	 	 	
2017		2,400		1,800		(600	)	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Dividends to (capital contributions from) NACCO	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		10,000		—		—		—		10,000		 	 	 	 	 	 	 	 	
2017		3,000		—		—		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Total debt	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		4,000		6,158		5,250		—		—		 	 	 	 	 	 	 	 	
2017		5,400		7,200		6,600		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Equity	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		19,882		17,928		17,210		21,394		21,394		 	 	 	 	 	 	 	 	
2017		16,252		14,282		13,126		 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.	
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.