EmailJoy Global (JOYG $89.22 +3.34) reported second quarter earnings of
$1.52 per share, $0.17 better than the Thomson Reuters consensus of $1.35.
Revenues rose 18.6% year/year to $1.06 billion versus the $1.03 billion
consensus.
For the fiscal year 2011, the company raised its earnings guidance to $5.30 to
$5.60 versus the $5.41 Thomson Reuters consensus and above prior guidance of
$5.10-5.40. On the top line, the company raised revenue expectations to $4.1
billion to $4.3 billion versus the $4.17 billion Thomson Reuters consensus and
above prior guidance of $4.0 billion to $4.2 billion.
Second quarter bookings increased 46% to $1.5 billion and net sales increased
19% to $1.1 billion, compared to the same period last year.
Bookings increased by $477 mln in the second quarter of fiscal 2011 over the
prior year quarter and were up $297 mln sequentially from the first quarter. New
orders for original equipment were 79% higher in the second quarter than they
were a year ago, while aftermarket bookings were up 22 percent. The backlog
increased by $462 mln to $2.6 billion at the end of the second quarter.
than one year.
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