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Last €16.96 EUR
Change Today +0.03 / 0.18%
Volume 1.0K
JO3 On Other Exchanges
Symbol
Exchange
JO3 is not on other exchanges.
As of 3:08 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

joy global inc (JO3) Snapshot

Open
€16.87
Previous Close
€16.93
Day High
€17.51
Day Low
€16.55
52 Week High
09/5/14 - €46.81
52 Week Low
09/3/15 - €16.38
Market Cap
1.7B
Average Volume 10 Days
408.0
EPS TTM
--
Shares Outstanding
97.5M
EX-Date
09/2/15
P/E TM
--
Dividend
€0.79
Dividend Yield
4.15%
Current Stock Chart for JOY GLOBAL INC (JO3)

joy global inc (JO3) Related Businessweek News

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joy global inc (JO3) 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, hard rock mining products, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars. This segment also provides equipment assemblies, services, repairs, rebuilds, parts, enhancement kits, and training. The Surface Mining Equipment segment produces blasthole drills, conveyor systems, electric mining shovels, feeder breakers, high angle conveyors, walking draglines, and wheel loaders. This segment also provides equipment assemblies, relocations, inspections, service, repairs, rebuilds, upgrades, used equipment, parts, enhancement kits, and training. In addition, the company offers life cycle management support services and project management services, as well as smart services, including equipment monitoring, predictive diagnostics, service training support, and parts management for underground and surface applications. The company sells its products and services directly to mining companies through a network of sales and marketing personnel worldwide. Joy Global Inc. was founded in 1884 and is headquartered in Milwaukee, Wisconsin.

15,400 Employees
Last Reported Date: 12/19/14
Founded in 1884

joy global inc (JO3) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $939.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $553.4K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $835.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $475.3K
Executive Vice President of Human Resources
Total Annual Compensation: $355.9K
Compensation as of Fiscal Year 2014.

joy global inc (JO3) Key Developments

Joy Global, Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended July 31, 2015; Revises Earnings Guidance for the Year 2015

Joy Global Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended July 31, 2015. For the quarter, the company reported net sales of $792,183,000 against $875,661,000 a year ago. Operating income was $73,364,000 against $119,291,000 a year ago. Income before income taxes was $59,688,000 against $104,394,000 a year ago. Net income was $44,885,000 against $71,289,000 a year ago. Basic and diluted earnings per share were $0.46 against $0.71 a year ago. Net cash provided by operating activities was $115,953,000 against $91,659,000 a year ago. Property, plant, and equipment acquired were $18,026,000 against $24,764,000 a year ago. The year-over-year improvement was primarily driven by higher trade working capital monetization, partially offset by lower earnings. Adjusted net income was $53.2 million or $0.54 per adjusted EPS against $80.4 million or $0.80 per adjusted EPS a year ago. Adjusted operating income was $87.0 million against $133.4 million a year ago. The $46 million year over year decrease in adjusted operating income in the quarter, was due to lower sales volumes, unfavorable product mix and increased bad debt and legal expenses, which were partially offset by savings from the company's cost reduction programs. Capital expenditures were $18 million compared to $25 million in the prior year third quarter. For the nine months, the company reported net sales of $2,306,579,000 against $2,644,703,000 a year ago. Operating income was $192,368,000 against $330,278,000 a year ago. Income before income taxes was $152,463,000 against $287,713,000 a year ago. Net income was $107,192,000 against $194,101,000 a year ago. Diluted earnings per share were $1.09 against $1.91 a year ago. Net cash provided by operating activities was $168,714,000 against $298,218,000 a year ago. Property, plant, and equipment acquired were $57,821,000 against $69,068,000 a year ago. The company updated fiscal 2015 revenue and adjusted EPS guidance to $3.1 billion and approximately $1.80 from prior guidance at the low end of a range of $3.3 billion to $3.6 billion for revenues and $2.50 to $3.00 for EPS. The year-to-date tax rate excluding discrete items is 30%, which is at the low end of full year guidance of 30% to 32%. The company expect full year capital expenditures to be around $80 million, which is down about $20 million from the outlook the company provided in the second quarter. The company expects cash from operations for the year, excluding pension contributions, of approximately $15 million to be at the lower end of its strategic target range of 10% to 15% of sales.

Joy Global, Inc. Announces the Departure of Randal W. Baker as Executive Vice President and Chief Operating Officer, Effective September 4, 2015

Joy Global, Inc. announced that Randal W. Baker, the company's executive vice president and chief operating officer, will leave the company effective September 4, 2015 to pursue other opportunities. Mr. Baker previously served as President of Joy Global Surface Mining Inc. from November 2009 until his appointment as Chief Operating Officer in December 2013.

Joy Global, Inc. to Report Q3, 2015 Results on Sep 03, 2015

Joy Global, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Sep 03, 2015

 

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Industry Analysis

JO3

Industry Average

Valuation JO3 Industry Range
Price/Earnings 8.1x
Price/Sales 0.6x
Price/Book 0.8x
Price/Cash Flow 8.0x
TEV/Sales 0.2x
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