GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

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j o y gl o b a l in c . e x e c u t i v e le a d e r s h i p te a m: (seated, l – r) Edward (Ted) Doheny II; Terry Nicola; Michael Olsen
t o o u r s h a r e h o l d e r s
Sales Engineer Dennis Conner is
among the many reasons that Joy
Mining Machinery’s global sales and
service network is recognized as the
industry’s best, providing unparalleled
customer support worldwide.
(standing, l – r) Sean Major; Dennis Winkleman; Mark Readinger; Michael Sutherlin
I am pleased to report that our fiscal 2008 was another year of very solid and
balanced performance. Orders, revenues and earnings were at record levels.
Efforts to improve internal processes gained traction, and we were able to reduce
our working capital investment while simultaneously growing revenues. We
also continued to make significant strategic investments to enhance the future
performance, quality and durability of your business. We therefore finish our fiscal
2008 with the momentum of record performance
and with balance that will be important as we
respond to unprecedented uncertainty in the
world’s economies and financial markets and their
impact on the mining industry.
Results
Order bookings in fiscal 2008 reflect the strength of
our markets and customer preference for Joy, P&H
and Continental branded equipment. Orders were
consistently strong throughout the year and were up
67% to $4.8 billion. Original equipment orders more