Net sales of underground mining machinery, excluding IMM, rose 2 percent in the third quarter compared to a year ago. Original equipment shipments declined 3 percent and aftermarket shipments were up 7 percent over the prior third quarter. The original equipment sales were driven by lower shipments in Eurasia and China offset with higher shipments in Australia. Aftermarket sales increased in the United States, Australia, China and South Africa.Net sales of surface mining equipment, excluding LeTourneau, were 22 percent higher than the same period last year. Original equipment sales increased 47 percent as last year’s strong order rate flowed into this year’s sales, with aftermarket sales up 8 percent. Original equipment sales increases were led by strong results in all regions except South Africa. Aftermarket sales were up in all regions except China compared to the prior third quarter.
|Operating Profit - (in millions)|
|July 27||July 29||Return on Sales|
|Underground Mining Machinery||$||164.0||$||156.4||23.9||%||23.4||%|
|Surface Mining Equipment||134.4||107.6||23.8||%||23.2||%|
|Excess Purchase Accounting|
|Total Operating Profit||$||299.5||$||236.0||21.6||%||20.8||%|