Joy Global Inc.: Senior Management Hosts Analysts Tour

At the Company:

At Financial Relations Board:

Donald C. Roof

Georganne Palffy


Analyst Contact







Milwaukee, WI – May 31, 2006 – Joy Global Inc. (Nasdaq: JOYG) a worldwide leader in mining solutions, held an analyst day tour and presentation on May 31, 2006, at its P&H Mining Equipment facility in Milwaukee, Wisconsin.


Senior management’s discussions included company goals and initiatives to capture an increasing share of the global market for mining equipment and services, fueled in part by strong demand from the emerging markets, particularly China. The company outlined its plan, named China 2010, to achieve at least $500 million in annual revenues in China by 2010.


Chairman and chief executive officer John Hanson commented, “We are witnessing surging demand for commodities, particularly coal, copper and precious metals. This is creating both opportunities and challenges for Joy Global, as demand for equipment and increased production has constrained supply, lengthened lead times, and resulted in higher demand for our aftermarket parts and services. Our focus remains on meeting the rising demand, maintaining customer service levels, and expanding our leadership within the industry.”


Including presentations by Hanson and Donald Roof, CFO, Mark Readinger, president of P&H Mining, and Mike Sutherlin, CEO of Joy Mining Machinery, provided investors with an overview of growth initiatives and managing the challenges within their respective operations.


An archive of the presentation webcast, along with corresponding slides, will be available through July 15, 2006 and can be accessed via the investor relations section, under Investor Presentations, of the Joy Global website at Joy Global Inc. is a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery. For more information on the company, please go to

      Forward Looking Statements


The forward-looking statements in this press release are based on our current expectations and are made only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect new information. We cannot assure you the projected results or events will be achieved. Because forward-looking statements involve risks and uncertainties, they are subject to change at any time. Such risks and uncertainties, many of which are beyond our control, include, but are not limited to: the duration of the recovery of coal and copper commodity markets; sustained economic growth and stability in China and our continued access to the Chinese market for mining equipment; the cyclical nature of our original equipment businesses and the high costs of our manufacturing operations that can result in the underabsorption of manufacturing expenses; delays in finalizing union contracts could lead to work stoppages and other labor problems; increased costs and constraints on the supply of major purchased items such as steel, castings, forgings and bearings can adversely affect profits and revenues; the large size and cost of our products that means that the timing of individual orders and shipments can cause fluctuations in our operating results; our significant international operations are subject to many uncertainties, meaning that a reduction in international sales or unfavorable change in foreign exchange rates could affect our financial results; the highly competitive environment that we operate in means that the actions of our competitors can affect our financial performance; regulations affecting the mining industry or electric utilities may adversely impact demand for our products; our growth may be hindered if we are unable to hire or retain qualified employees; unexpected adverse results in litigation or arbitration may reduce our profits; and other risks, uncertainties and cautionary factors set forth in our public filings with the Securities and Exchange Commission.