JOY's income from continuing operations (TTM) is a ray of optimism that was reflected in the conference call last Thursday. "This
He added, "Revenue were down 12%, in line with expectations, and operating profit margin remained strong at nearly 21% due to operational efficiencies and cost reduction efforts. Our original equipment order stream included a longwall system for U.S. coal and, as expected, our aftermarket orders improved sequentially. "Even though the overall order rate continues to reflect soft market conditions, the base order rate, before major projects, has been consistent over the last five quarters. We see this as providing market stability until the current commodity supply surplus is worked off."