Bucyrus International Inc. (BUCY)

Bucyrus International, Inc. engages in the design and manufacture of mining equipment for the extraction of coal, copper, oil sands, iron ore, and other minerals in mining centers worldwide. It offers surface mining original equipment comprising draglines, which are primarily used in coal mining applications to remove overburden; electric mining shovels that are primarily used to load copper, coal, oil sands, iron ore, other mineral bearing materials, or rock into trucks; and rotary blasthole drills, which are used to drill holes. The company also supplies replacement and upgrade parts and services for its installed base of original equipment. In addition, it offers aftermarket offerings, including engineered replacement parts, maintenance and repair labor, technical advice, refurbishment and relocation of machines, structural and mechanical engineering, non-destructive testing, repairs and rebuilds of machine components, product and component upgrades, and turnkey assembly and operation, as well as supplies system solutions for underground coal mining. Further, the company provides longwall equipment, such as hydraulic roof supports and electro-hydraulic controls; automated plow systems; and shearers and armored face conveyors, including entry conveyors with a built-in crusher, as well as room and pillar equipments comprising continuous miners, feeder breakers, battery- and diesel-powered underground utility vehicles, continuous haulage systems, roof bolters, and belt systems. Bucyrus International sells its equipment and aftermarket parts and services directly through company personnel, as well as by independent dealership networks and joint venture partners in the United States and internationally. The company was founded in 1880 and is based in South Milwaukee, Wisconsin.

For the nine months ended 30 September 2006, Bucyrus International, Inc's revenues increased 32% to $532.4M. Net income increased 64% to $52.8M. Revenues reflect increased sales of new machines due to higher prices & increased demand for commodities and higher aftermarket sales. Net income also reflects improved gross margins, a decrease in amortization of intangible assets, lower interest expense and decreased net other expense.