Bucyrus International reported mixed quarterly results on Thursday.
Fourth-quarter 2009 sales were down, but profits were up for the mining equipment manufacturer that is so vital to our city.
For all of 2009, both profits and sales increased, as Bucyrus earned $312.7 million last year, the company reported, even as “all product lines were negatively impacted in 2009 as a result of current global economic conditions.”
Also of note from the release:
Capital expenditures for 2009 were $54.6 million, which included $13.4 million related to the expansion and additional renovation of Bucyrus’ South Milwaukee facilities. Bucyrus’ capital expenditures for 2010 are expected to be between $60 million and $70 million, which does not include its pending Terex Mining acquisition.
You can read the full earnings release here, and click here to see a Milwaukee Journal Sentinel story.
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