Bookings for underground mining machinery decreased 27 percent in comparison to last year’s first quarter. Original equipment orders were down 30 percent compared to the first quarter of last year, largely due to longwall system orders sold into Australia and in the U.S. in the prior year and a year over year decline in room and pillar orders in the U.S. Aftermarket orders decreased 24 percent, with declines in all regions. Orders for underground original equipment and aftermarket bookings were negatively impacted by foreign exchange of $3 million compared to the first quarter of last year.Bookings for surface mining equipment were down 25 percent. Original equipment orders were down 34 percent from the bookings in the first quarter of last year, while aftermarket bookings decreased 18 percent. Original equipment and aftermarket orders were down in all regions. Current quarter surface orders for original equipment and aftermarket were negatively impacted by foreign exchange of $2 million.
|Net Sales - (in millions)|
|January 25,||January 27,||%|
|Underground Mining Machinery||$||532.6||$||628.8||(15.3||)%|
|Total Underground Mining Machinery||590.1||639.3||(7.7||)%|
|Surface Mining Equipment||605.5||532.3||13.7||%|
|Total Net Sales||$||1,149.9||$||1,136.2||1.2||%|