The Harnischfeger Corporation was founded in 1884, and has two major segments: P & H Heavy Equipment Group, consisting of the Construction Equipment Group, consisting of the Construction Equipment Division and the Mining and Electrical Equipment Division, and Industrial Group, consisting of the Material Handling Equipment Division and the Harnischfeger Engineers Division.
Of the $15,176,000 net profit, $11,005,000 or $.93 per share was attributed to the cumulative effect of a change in depreciation method from accelerated to straight line for financial reporting. …
