Last $54.54 USD
Change Today -1.30 / -2.33%
Volume 1.3M
JOY On Other Exchanges
Symbol
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As of 6:40 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

joy global inc (JOY) Snapshot

Open
$55.77
Previous Close
$55.84
Day High
$56.13
Day Low
$54.54
52 Week High
07/16/14 - $65.36
52 Week Low
10/9/13 - $50.07
Market Cap
5.4B
Average Volume 10 Days
1.5M
EPS TTM
$3.12
Shares Outstanding
98.2M
EX-Date
09/2/14
P/E TM
17.5x
Dividend
$0.80
Dividend Yield
1.37%
Current Stock Chart for JOY GLOBAL INC (JOY)

joy global inc (JOY) Related Businessweek News

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joy global inc (JOY) Details

Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars; and provides life cycle management support services, as well as equipment assemblies, services, repairs, rebuilds, parts, enhancement kits, and training. It also offers project management services; and smart services, including equipment monitoring, predictive diagnostics, service training support, and parts management. This segment sells its products and services directly to customers through a network of sales and marketing personnel worldwide. The Surface Mining Equipment segment produces blast hole drills, conveyor systems, electric mining shovels, feeder breakers, walking draglines, and wheel loaders; and provides life cycle management support services, as well as equipment assemblies, relocations, inspections, service, repairs, rebuilds, upgrades, used equipment, parts, enhancement kits, and training. It sells its products and services directly to customers through a network of sales and marketing personnel worldwide. Joy Global Inc. was founded in 1884 and is headquartered in Milwaukee, Wisconsin.

16,600 Employees
Last Reported Date: 12/13/13
Founded in 1884

joy global inc (JOY) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $853.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $524.2K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $776.9K
Executive Vice President, General Counsel and...
Total Annual Compensation: $446.3K
Compensation as of Fiscal Year 2013.

joy global inc (JOY) Key Developments

Joy Global Mulls Acquisitions

Joy Global, Inc. (NYSE:JOY) is looking for acquisition opportunities. Executive Vice President and Chief Financial Officer, Jim Sullivan said, “Our current priorities are bolt-on acquisitions, targeted underground hard rock as well as share repurchase.” The official added, “We think this can be translated into underground hard rock, which we are not exposed to at the moment. We are building our exposure through a combination of bolt-on acquisitions. We just did one in the second quarter, a small acquisition here in the US, as well as some organic development of new products and technology.”

Joy Global, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 1, 2014; Revises Earnings Guidance for the Fiscal Year of 2014

Joy Global, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended August 1, 2014. For the quarter, the company reported net sales of $875,661,000 compared to $1,320,611,000 a year ago. Operating income was $119,291,000 compared to $274,339,000 a year ago. Income from continuing operations before income taxes was $104,394,000 compared to $260,737,000 a year ago. Income from continuing operations was $71,289,000 compared to $183,187,000 a year ago. Net income was $71,289,000 compared to $183,187,000 a year ago. Basic and diluted earnings per share from continuing operations were $0.71 compared to diluted earnings per share of $1.71 a year ago. Basic and diluted earnings per share were $0.71 compared to diluted earnings per share of $1.71 a year ago. Net cash provided by operating activities was $91,659,000 compared to $350,670,000 a year ago. Acquisition of property, plant, and equipment was $24,764,000 compared to $30,908,000 a year ago. Excluding items, earnings were 80 cents a share. Current quarter net sales were reduced by $10 million from the impact of foreign currency exchange versus the year ago period. When adjusting for foreign currency exchange, sales were down 33% compared to the third quarter of last year. The decrease in operating profit, before restructuring and pension curtailment charges, was due to lower sales volumes and lower manufacturing cost absorption partially offset by cost savings from the company's restructuring programs and lower incentive based compensation expense. Adjusted earnings per diluted share were $0.80 compared to $1.70 a year ago. For the nine months, the company reported net sales of $2,644,703,000 compared to $3,830,923,000 a year ago. Operating income was $330,278,000 compared to $774,124,000 a year ago. Income from continuing operations before income taxes was $287,713,000 compared to $730,184,000 a year ago. Income from continuing operations was $194,101,000 compared to $507,105,000 a year ago. Net income was $194,101,000 compared to $506,880,000 a year ago. Diluted earnings per share from continuing operations were $1.91 compared to diluted earnings per share of $4.73 a year ago. Diluted earnings per share were $1.91 compared to diluted earnings per share of $4.73 a year ago. Net cash provided by operating activities was $298,218,000 compared to $441,573,000 a year ago. Acquisition of property, plant, and equipment was $69,068,000 compared to $117,909,000 a year ago. The company revised earnings guidance for the fiscal year of 2014. For the period, the company expects revenue to be in the range of $3.65 billion to $3.75 billion, and full year earnings in the range of $3.15 to $3.30 per diluted share excluding restructuring and pension curtailment charges and other unusual items. This compares to the previous revenue guidance of $3.6 billion to $3.8 billion and adjusted fully diluted earnings of $3.10 to $3.50 per share. The company continues to expect its effective tax rate in 2014, excluding discrete items, to be in the range of 32% to 33%.

Joy Global, Inc. Presents at Citigroup Industrial Conference 2014, Sep-23-2014 11:45 AM

Joy Global, Inc. Presents at Citigroup Industrial Conference 2014, Sep-23-2014 11:45 AM. Venue: Intercontinental Hotel, Boston, Massachusetts, United States. Speakers: James M. Sullivan, Chief Financial Officer and Executive Vice President.

 

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Industry Analysis

JOY

Industry Average

Valuation JOY Industry Range
Price/Earnings 25.9x
Price/Sales 1.5x
Price/Book 2.0x
Price/Cash Flow 24.8x
TEV/Sales 1.0x
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