Equipment Market Outlook: Page 12

Meritor Second Quarter 2016 Down 5%

Meritor reports a 5% decrease in sales for the second fiscal quarter due in part to lower truck production volumes in North and South America.

Titan Sales Decreased in all Segments During First Quarter 2016

Titan Tire Corp., a subsidiary of Titan Intl.

Titan's first quarter sales were down 20% compared to 2015 due to the continued cyclical downturn in the agricultural and construction markets, as well as other global market conditions.

Cummins Reports 9% Decrease in First Quarter Revenue

Cummins' first quarter revenue decreased 10% in North America and 8% in international markets due to weaker demand from the heavy-duty truck and off-highway equipment markets.

Market Analysis

Caterpillar Sales and Revenues Down in First Quarter 2016

Caterpillar Inc.

Caterpillar's sales and revenues were down from the first quarter of 2015 due to continued market downturns in construction, oil and gas, mining and rail.

Trimble First Quarter Revenue up 4%

Trimble's first quarter 2016 revenue was up 4% compared to the previous year, with most of its operating segments reporting increases for the quarter.

Market Analysis

CNH Industrial First Quarter Revenues Down 5.7%

While first quarter revenues decreased, CNH reported strong demand for its commercial vehicles segment which is anticipated to increase 5-10% in the EMEA region in 2016.

Briggs & Stratton Reports Third Fiscal Quarter Results

Briggs & Stratton Commercial Power

For its third fiscal quarter, Briggs & Stratton had a 2.5% decrease in sales due to downturns in some markets, such as Oil & Gas, and a strong U.S. dollar impacting foreign exchange rates.

Market Analysis

PACCAR Achieves Good First Quarter Results

Strong European truck market demand, as well as strong demand in North America, helped PACCAR achieve good revenues and operating income for first quarter 2016.

Market Analysis

Terex Reports First Quarter Loss

Terex Corporation

Terex's lower first quarter results were due to challenging market conditions; the company anticipates net sales in 2016 to be 10% lower than last year.

Timken Reports 5% Lower Sales for First Quarter 2016

The Timken Company

Timkens' first quarter sales were 5% lower due to weakness across most market sectors, and anticipates 2016 as a whole will be down 5% from 2015.

Hyundai Reports Strong 2015, Positive Outlook for 2016

Hyundai had its best year yet in 2015 with an 8% growth in turnover, and anticipates a good 2016 as well with sales already up 50% compared to the same period last year.

Market Analysis

Scania Order Bookings Reach Highest First Quarter Level in 10 Years

Continued strong demand from the European market, particularly in the eastern and southern portions of the continent, helped Scania achieve its highest level of first quarter order bookings since 2007.

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