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Analysis of Joy Global, Inc.

Publication: M2 Presswire
Publication Date: 28-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2007-Resource News: Analysis of Joy Global, Inc.(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:28022007

Joy Global is pretty peppy for a company that builds equipment that is destined to spend the majority of its life down in a hole. The company makes heavy equipment for the mining industry through two subsidiaries. Its Joy Mining Machinery subsidiary makes underground coal-mining equipment that includes armored face conveyors, roof supports, longwall shearers, and shuttle cars. Subsidiary P&H Mining Equipment makes draglines, blasthole drills, and other equipment used by surface miners; it also provides parts and services to mines through its P&H MinePro Services distribution group. Joy Global operates manufacturing and service facilities worldwide.

Shares were down 11% since posting flat earnings for the first quarter.

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