Cash provided by continuing operations was $157 million in the third quarter, compared to cash provided by continuing operations of $96 million a year ago. The increase in cash provided by continuing operations during the third quarter was due to higher earnings, a reduction in the inventory build year over year and collections of accounts receivable offset by a reduction in advance payments resulting from a decline in new original equipment order activity.Capital expenditures were $55 million in the third quarter of fiscal 2012, compared to $22 million in the prior year third quarter, due to continued investments in manufacturing capacity in emerging markets and aftermarket service infrastructure. Capital expenditures for fiscal 2012 are expected to be approximately $220 million which includes capital expenditures from our acquired LeTourneau and IMM businesses.
Joy Global Inc. Announces Third Quarter Fiscal 2012 Operating Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.