Total backlog at the end of fiscal 2012 was $2.6 billion, compared to $3.3 billion at the beginning of the fiscal year. Backlog related to the legacy business was $2.3 billion at the end of the year while backlog related to LeTourneau and IMM was $0.3 billion.Bookings for underground mining machinery, excluding IMM, decreased 17 percent in comparison to last year. Original equipment orders declined 35 percent compared to the last year. All regions, except for Africa, experienced a decrease in orders. Aftermarket bookings were flat compared to last year as bookings increases in China, Africa and Australia were offset by lower orders in the U.S. Current year orders for legacy underground original equipment and aftermarket were negatively impacted by foreign exchange of $41 million and $39 million, respectively. Bookings for surface mining equipment, excluding LeTourneau, were down 16 percent from the last year. Original equipment orders were down 37 percent from the record bookings of last year, while aftermarket bookings increased 5 percent. Original equipment orders were down in all regions except Africa and Australia. Aftermarket order increases were led by South America, Australia, and Eurasia. All other regions experienced declining aftermarket orders. Current year legacy surface business orders for original equipment and aftermarket were negatively impacted by foreign exchange of $7 million and $10 million, respectively.
|Net Sales - (in millions)|
|October 26,||October 28,||%|
|Underground Mining Machinery||$||2,888.5||$||2,576.6||12.1||%|
|Surface Mining Equipment||2,286.1||1,814.4||26.0||%|
|Total Net Sales||$||5,660.9||$||4,403.9||28.5||%|