Equipment Market Outlook: Page 11

UQM Reports Increased Revenue for Fourth Quarter and Fiscal Year 2016

UQM Technologies Inc.

UQM had a fourth quarter 2016 revenue total of $1.5 million, an increase from the same period in 2015, and total revenue for the fiscal year increased 32%.

Navistar Reports Second Quarter 2016 Revenue down 18%

Navistar International Corp.

Navistar revenue decreased 18% in the second quarter due to softer market conditions in the trucking industry, as well as lower engine volumes in Brazil.

Scania Reports 3% Sales Increase for First Quarter 2016

Scania achieved its highest level of order bookings for trucks in Europe since the first quarter of 2007, with the strongest orders coming from eastern and southern Europe.

Donaldson Reports Third Quarter 2016 Earnings

Navistar International Corp.

Donaldson's third quarter 2016 sales declined 0.7% from the same period in 2015, and anticipates sales for 2016 as a whole to be 6% below last year.

Comer Industries Reports 5.6% Decline in Revenues for 2015

Comer Industries S.p.A.

Comer Industries' 2015 financial report shows a decline in revenues due to the many markets it serves also experiencing negative market conditions.

Modine Reports Fourth Quarter Fiscal 2016 Results

Modine Manufacturing Company

Modine's fourth quarter fiscal year 2016 net sales declined 5.3% due in part to weakness in global off-highway markets and the Americas segment commercial vehicle market.

Market Analysis

Deere Announces Second Quarter Earnings of $495 Million

John Deere Worldwide Construction & Forestry Div.

Deere & Co.'s global net sales and revenues decreased 4% in the second quarter due to the continued downturn in the agricultural and construction markets.

Market Analysis

Daimler Trucks Adjusts Outlook for 2016 due to Contracting Market Conditions

Daimler expects the overall Class 6-8 truck market to contract 15% in 2016 due to lower demand in many regions; however the company still anticipates 2016 will be one of its most profitable years.

Omnitek Reports First Quarter Results and Expectations for Future Growth due to GHG Regulations

Omnitek Engineering Corp.

Omnitek anticipates diesel-to-natural-gas engine conversions to increase in the coming quarters as greenhouse gas emissions regulations go into effect.

Market Analysis

New Flyer Reports Revenue Increase for First Quarter

NFI Group Inc., formerly New Flyer Industries Inc.

New Flyer's first quarter increase was due primarily to a 63.1% increase in total transit bus and coach deliveries.

Hexagon Low-Pressure Cylinders Segment Grew 17% in First Quarter

Hexagon Composites ASA

Hexagon Composites had a 17% growth in revenue in the Low-Pressure Cylinders segment during the first quarter of 2016.

Maxwell Reports First Quarter 2016 Results

Maxwell Technologies

Maxwell's first quarter revenues decreased compared to the previous quarter due in part to an expected seasonal decline in the China hybrid bus market.

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