Strengths
Leading market position
Joy Global subsidiary P&H Mining Equipment is a world leader in surface mining equipment for the extraction of ores and minerals. The company has the largest equipment base of over 900 shovels, drills and draglines. P&H shovels operate in
90% of the world’s surface mines and its draglines are among the largest mobile units on the earth. Strong market position helps the company to have an edge over its competitors.
Strong financial performance
The company has been showing strong performance in the recent years. For the five year period during 2002-2006, Joy Global recorded an average revenue growth of
15.9% as compared to the industry average of 12.9%.The strong revenue growth has also been reflected on the operational performance of the company. The company recorded operating margin and net profit margin (5 year average) of 10.3% and 7.5%, compared to the industry average of 7.8% and 4.9%, respectively, during 2002-2006. Strong financial performance of the company as compared to the industry would