More on Joy Global (JOY -0.8%) FQ1: Net profit slips slightly to $142.14M. Operating profit +3%,...

|About: Joy Global Inc. (JOY)|By:, SA News Editor

More on Joy Global (JOY -0.8%) FQ1: Net profit slips slightly to $142.14M. Operating profit +3%, operating margin 19.2% vs 18.8% a year earlier. Bookings -29% to $1B. Backlog slips to $2.4B from $2.6B at start of Q1. Sales: original equipment +3%, aftermarket -1%, helped by forex fluctuations. Underground mining machinery -8%, surface mining equipment +14%. Reiterates 2013 guidance. "While some regions have underperformed, we are seeing encouraging signs from the U.S. coal market," Joy says.