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Joy Global Inc (JOY.N)

JOY.N on New York Stock Exchange

28.23USD
28 Mar 2017
Change (% chg)

$0.03 (+0.11%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Joy Global Q1 adjusted loss per share $0.06
Thursday, 2 Mar 2017 06:00am EST 

Joy Global Inc : Joy Global announces first quarter fiscal 2017 operating results . Q1 adjusted loss per share $0.06 . Q1 earnings per share $0.00 . Q1 sales $498 million versus I/B/E/S view $511.6 million . Q1 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S . Joy Global Inc qtrly bookings $615 million, up 12 percent from a year ago . Backlog at end of Q1 was $936 million, up from $819 million at beginning of fiscal year . Joy Global Inc qtrly service bookings $524 million, increased 21 percent from a year ago . Joy Global Inc - U.S. coal production for year expected to reach 750 million tons, an increase of 3 percent from 2016 . Joy Global Inc - iron ore prices are expected to pull back over course of 2017 averaging $58 per tonne for year . Joy Global Inc - "there is increasing sentiment that mining industry is nearing a bottom" .Joy Global - additional restructuring and related charges of about $10 million, with estimated cash costs of $6 million, expected in remainder of fiscal 2017.  Full Article

S. Africa's Competition Tribunal issues court decisions
Wednesday, 8 Feb 2017 11:07am EST 

S.Africa's Competition Tribunal : Komatsu America Corp and Joy Global Inc deal approved without conditions . Government Employee Pension Fund, represented by PIC SOC Limited, and ETG Inputs Holdco deal approved without conditions Further company coverage: [6301.T] [JOY.N] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Joy Global Q4 adjusted earnings per share $0.17
Wednesday, 14 Dec 2016 06:00am EST 

Joy Global Inc : Joy Global announces fourth quarter and fiscal 2016 operating results . Q4 bookings of $559 million, down 9 percent; full year bookings of $2.3 billion, down 14 percent from a year ago . Joy Global Inc says backlog was $819 million as of end of fiscal Q4 2016, compared to $873 million at beginning of fiscal year 2016 . Joy Global Inc says "early fiscal 2016, we experienced another significant step-down in U.S. and China coal markets" . Joy Global says although some commodity prices have recovered in recent months, customers "remain cautious and are very selective with capital deployment" . Q4 loss per share $0.09 . Q4 sales $656 million versus I/B/E/S view $666.9 million . Q4 earnings per share view $0.17 -- Thomson Reuters I/B/E/S .Q4 adjusted earnings per share $0.17.  Full Article

Joy Global: Merger deal with Komatsu receives early termination of waiting period under Hart-Scott-Rodino Act
Thursday, 13 Oct 2016 09:00am EDT 

Komatsu Ltd <6301.T>:Joy Global Inc - on October 12, 2016, merger deal with Komatsu received early termination of waiting period under Hart-Scott-Rodino act.  Full Article

Joy Global posts Q3 adjusted earnings per share $0.10
Thursday, 1 Sep 2016 06:34am EDT 

Joy Global Inc : Joy global announces third quarter fiscal 2016 operating results . Q3 adjusted earnings per share $0.10 . Q3 earnings per share $0.00 . Q3 sales $587 million versus I/B/E/S view $605.3 million . Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S . Consolidated bookings in Q3 totaled $527 million, a decrease of 17 percent versus Q3 of last year . Backlog at end of Q3 was $916 million, up from $873 million at beginning of fiscal year . Additional restructuring charges of approximately $5 million are expected in Q4 of fiscal 2016 . During Q3 , continued restructuring activities to align workforce, overall cost structure with current, anticipated levels of demand . Due to pending merger transaction with Komatsu America, company will no longer provide quarterly updated annual financial guidance . "outlook remains tepid and financial condition of our customers is challenged" . While recent increase in certain commodity prices is positive, outlook remains tepid,financial condition of our customers is challenged . Due to pending merger with Komatsu America, company will not hold a conference call to discuss quarterly financial results . Says mining industry continues to face many challenges and market conditions are expected to remain weak through 2017 . Says over past quarter, global mining equipment capital spending outlook has worsened.  Full Article

Joy Global declares quarterly dividend of $0.01 per share
Thursday, 1 Sep 2016 06:15am EDT 

Joy Global Inc :Joy Global Inc declares quarterly dividend of $0.01 per share.  Full Article

Joy Global says Komatsu to pay co $150 mln if deal terminated
Thursday, 21 Jul 2016 01:49pm EDT 

Joy Global Inc :If merger terminated, Komatsu to pay co termination fee of $150 million in cash.  Full Article

Joy Global to be acquired by Komatsu in $3.7 billion all-cash transaction
Thursday, 21 Jul 2016 03:55am EDT 

Joy Global : Board unanimously approved merger agreement under which subsidiary of Komatsu Ltd will buy Joy Global in all-cash transaction .Komatsu intends to operate Joy Global as a separate subsidiary of Komatsu.  Full Article

Joy Global to sell Texas steel plate mill to Nucor Corp
Wednesday, 20 Jul 2016 06:20pm EDT 

Joy Global:Joy Global to sell Texas steel plate mill to Nucor Corporation.  Full Article

Joy Global says received subpoena from division of enforcement of U.S. SEC in Q4 of 2014
Wednesday, 29 Jun 2016 12:52pm EDT 

Joy Global Inc: Joy Global Inc says received subpoena from division of enforcement of U.S. SEC in Q4 of 2014 . On June 28, staff notified co that it concluded its investigation and that it does not intend to recommend enforcement action by commission .Joy global inc says subpoena concerned co's 2012 acquisition of International Mining Machinery Holdings Ltd and related accounting matters.  Full Article

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BRIEF-Joy Global Q1 adjusted loss per share $0.06

* Joy Global announces first quarter fiscal 2017 operating results