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First Quarter Highlights: Consolidated net income increased to $9.0 million, up 45.3% from Q1 2020 Consolidated EBITDA increased to $14.5 million, up 36.1% from Q1 2020 Diluted earnings per share increased to $1.25/share from $0.88/share in Q1 2020 NACCO Industries, Inc. ® (NYSE: NC) today announced consolidated operating profit of $8.3 million and net income of $9.0 million, or $1.25 per diluted share, for the first quarter of 2021 compared with consolidated operating profit of $7.6 million and net income of $6.2 million, or $0.88 per diluted share, for the first quarter of 2020. The improvements in consolidated operating profit, Consolidated EBITDA and Segment EBITDA were primarily the result of substantially improved earnings in the Coal Mining segment, partially offset by lower earnings at the North American Mining segment and an increase in unallocated employee-related expenses. In addition to the operating profit improvement, net income significantly increased mainly due

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