Welcome to the NACCO Industries, Inc. 2012 Third Quarter Earnings Conference Call. My name is Kim, and I will be your operator for today's call. [Operator Instructions] I will now turn the call over to Ms. Christina Kmetko. Ms. Kmetko, you may begin.

Thank you. Good morning, everyone, and thank you for joining us today. Yesterday, a press release was distributed outlining NACCO's results for the third quarter ended September 30, 2012. If anyone has not received a copy of this earnings release or would like a copy of the 10-Q, please call me at (440) 449-9669 and I will be happy to send you this information. You may also obtain copies of these items on our website at nacco.com. Our conference call today will be hosted by Al Rankin, Chairman, President, and Chief Executive Officer of NACCO Industries. Also in attendance, representing NACCO Industries is J.C. Butler, Senior Vice President, Finance, Treasurer and Chief Administration Officer. Al will provide an overview of the quarter and then open up the call to your questions. Before we begin, I would like to remind participants that this conference call may contain certain forward-looking statements. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements made here today. Additional information regarding these risks and uncertainties was set forth in our earnings release and in our 10-Q. In addition, certain amounts discussed during this call are considered non-GAAP numbers. The non-GAAP reconciliations of these amounts are included in our 2012 third quarter earnings release, which is available on our website. I will now turn the call over to Al Rankin. Al?

Good morning. NACCO announced income from continuing operations of $10.2 million for the third quarter. That's $1.21 per share on revenues of $210 million and that compares with income from continuing operations in the previous year's third quarter of $8.2 million or $0.97 per share on revenues of $194 million. As a result of NACCO's spin-off of its materials handling subsidiary in September -- at the end of September of 2012, the financial statements which are attached to the earnings release and the earlier 2011 financial information in this release has been reclassified to reflect the materials handling operating results as discontinued operations. Consolidated EBITDA from continuing operations for the third quarter and for the trailing 12 months ended September 30 was $19.7 million and $88.4 million respectively. I'd note of course that EBITDA as used in the press release is supplemental non-GAAP disclosure. There are some reconciliations in the back of the news release. NACCO's Board of Directors will, at its next regularly scheduled meeting in mid-November, evaluate and determine a dividend payout rate. In doing so, the board will consider the financial conditions and prospects of the businesses which continue to make up NACCO Industries following the spin-off of the materials handling business. NACCO currently has an authorized share buyback plan in place, and given the completion of the spin-off of the company's materials handling business, the company is again able to make purchases under the existing plan. After the completion of the spin-off, NACCO and its subsidiaries finished the third quarter with consolidated cash on hand of $155.7 million, debt of $207.4 million, which leaves net debt of $51.7 million. That's after the acquisition of the Reed Minerals complex in the third quarter. Turning to the detailed discussion of the results, I'll begin with North American Coal,…

[Operator Instructions]

It seems as if there are no questions, so we'll turn to some concluding comments from Christie. And we know that there are a lot of weather problems in the East Coast and so Christie can address any questions that may come up by those of you who listen to this webcast later on.

Thank you for joining us today. We appreciate your interest. If you do have any additional questions, please call me. You can reach me at (440) 449-9669. Thanks so much, and have a great day.

Thank you, ladies and gentlemen. This concludes today's conference. Additional replay of this conference will be made available through November 9. You may access the replay by dialing 1 (888) 843-7419 and use passcode 33644936 followed by the # sign. Thank you for participating. You may now disconnect.