Dec. 17, 2014, 7:08 AM
- Net income of $136.9M, or $1.25 per diluted share vs. $26.8M, or $1.11 per diluted share in the same quarter a year ago.
- Bookings fell 27% Y/Y to $783M. Service bookings dropped 9% to $648M.
- Backlog at the end of the quarter was $1.3B vs. $1.5B at the beginning of the year.
- The company expects further capital expenditure declines in 2015, as companies seek to optimize their mining portfolios to operate in a lower commodity price environment.
- The company's capex during the quarter declined to $22M from $36M.
- FQ4 results
Dec. 17, 2014, 6:02 AM
Dec. 16, 2014, 5:30 PM
Nov. 25, 2014, 10:25 AM
Sep. 4, 2014, 7:18 AM
- Net income of $71.3M, or $0.71 per share vs. $183.2M, or $1.71 per share, a year earlier.
- Net sales fell 34% Y/Y to $876M, from $1.3B in the same period a year ago.
- Bookings climbed 33% to $923M vs. $695.4M a year earlier.
- Based on a downgraded production profile for U.S. coal and the current geopolitical circumstances in Eastern Europe and Russia, the company is tightening its revenue and earnings guidance for the year.
- Fiscal 2014 revenue is now expected to be in the range of $3.65B to $3.75B compared with previous guidance of $3.6B to $3.8B.
- Full year earnings are estimated to be in the range of $3.15-$3.30 per diluted share vs. previous guidance of $3.10-$3.50 per share.
- FQ3 results
- JOY -2.7% premarket.
Sep. 4, 2014, 6:01 AM
Sep. 3, 2014, 5:30 PM
Jun. 5, 2014, 7:44 AM
- Joy Global (JOY) is little changed in premarket trading after reporting a 59% Y/Y drop in FQ2 earnings and a 32% decline a sales, as demand for underground mining equipment shrinks amid weak coal prices.
- JOY, which gets about two-thirds of its revenue from coal miners, said pricing in met coal markets in the first three months of 2014 was the weakest since 2009.
- Bookings fell 7.2% to $1.05B from $1.13B in the year-earlier period.
- Sales in the underground mining equipment business fell 24% to $518M, while sales from the smaller surface mining segment tumbled 38% to $4434M.
- Reaffirms guidance for FY 2014, seeing EPS of $3.10-$3.50 vs. $3.24 analyst consensus estimate and revenues of $3.6B-$3.8B vs. $3.76B consensus.
Jun. 5, 2014, 6:06 AM
Jun. 4, 2014, 5:30 PM
Mar. 6, 2014, 7:48 AM
- Joy Global (JOY) +0.5% premarket after its FQ1 earnings fell by two-thirds amid weakening sales, but the result beat analyst estimates, and the mining equipment maker raised the low end of its FY 2014 earnings guidance and reaffirmed its revenue outlook.
- FQ1 equipment bookings continued to decline amid weaker commodity prices, fall 16% Y/Y to $860.5M from $1.02B in the year-ago period.
- FQ1 sales sank 27% to $839.3M; sales in the underground mining equipment business fell 19% to $477.5M, while sales from the smaller surface mining segment shrank 34% to $400.7M.
- JOY, which gets about two-thirds of its total revenue from coal miners, expects coal demand to improve this year but demand for mining equipment likely will remain slow.
Mar. 6, 2014, 6:00 AM
Mar. 6, 2014, 12:05 AM
Mar. 5, 2014, 5:30 PM
Dec. 11, 2013, 7:03 AM
- Joy Global's (JOY) net profit from continuing operations plunges 87% to $26.8M, due to a $155M pretax asset-impairment charge.
- Bookings -19% to $1.1B.
- Sales breakdown: underground mining equipment -16% to $696.3M; surface mining equipment -36% to $536M.
- Guidance: FY 2014 EPS $3-3.50, below consensus of 3.68; revenues $3.6-3.8B vs $3.8B.
- To carry out further restructuring actions in 2014, which will cost $15M.
- Shares -2.7%. (Previous) (PR)
Dec. 11, 2013, 6:01 AM
JOY vs. ETF Alternatives
Joy Global Inc is a manufacturer and servicer of productivity mining equipment for the extraction of coal and other minerals and ores. It manufactures and markets original equipment and parts and perform services for both underground and surface mining.
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