latest news releases from the newsroom
Joy Global Inc.
Joy Global Inc. Announces Fiscal 2007 Third Quarter Operating Results
MILWAUKEE, Aug. 29, 2007 (PRIME NEWSWIRE) -- Joy Global Inc. (Nasdaq:JOYG), a worldwide leader in high-productivity mining solutions, today reported third quarter fiscal year 2007 results. Net sales for the quarter totaled $622 million, compared with $599 million in the third quarter of last year. Operating income totaled $110 million in the third quarter, unchanged from the corresponding quarter last year. Current quarter operating income was unfavorably impacted by severance related expenses of $3.3 million related to expense reduction programs primarily in the U.S. and the United Kingdom and Stamler purchase accounting charges of $2.6 million. Net income was $72.9 million, or $0.66 per diluted share in the quarter compared with $189 million, or $1.53 per diluted share in the third quarter of last year. Net income in the prior year quarter benefited from a reversal of certain deferred tax asset valuation allowances of $111 million, or $0.90 a share, and reorganization income of $1.9 million, or $0.01 a share.
Mass Connections Announces Marketing Partnership With Winn-Dixie
CERRITOS, Calif., Aug. 29, 2007 (PRIME NEWSWIRE) -- Mass Connections(r) (MC), the nation's leader in retail marketing, connecting brands with consumers -- in-store, online and in life -- announced today a partnership with Winn-Dixie Stores, which will integrate the innovative marketing expertise of MC with one of the leading supermarkets. Winn-Dixie operates 520 supermarkets throughout the Southeastern United States with stores in Florida, Georgia, Alabama, Mississippi and Louisiana.