Joy Global, Inc. (NASDAQ:JOYG) has announced the financial results for the fourth quarter earnings for 2009. The company reported net sales of $964 million, down 7% from the 2008 fourth quarter net sales of $1.0 billion. It’s operation income was totaled at $184million, or 19% of sales. The 2008 fourth quarter earned $192 million, or 19% of sales from operations.
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The company held a conference call on Wednesday, December 16. Interested parties may find a copy of the full financial results and a webcast on the company’s investors website, http://investors.joyglobal.com/. To listen to a telephone replay of the call, dial 800.642.1687, or 706.645.9291, access code #42601249. The replay will be available until January 29, 2010.
Joy Global Inc. (Joy) is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. The Company operates in three business segments: underground mining machinery (Joy Mining Machinery or Joy), surface mining equipment (P&H Mining Equipment or P&H) and continental crushing and conveying (CCS). In February 2008, the Company completed the acquisition of N.E.S. Investment Co. and its wholly owned subsidiary, Continental Global Group, Inc. (Continental), a global company engaged in conveyor systems for bulk material handling in mining and industrial applications.
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