Equipment Market Outlook: Page 13

Engines
Modine second quarter fiscal year 2016 sales decrease 2.3%
Modine Manufacturing Company
Modine's second quarter results for fiscal year 2016 show net sales declined 2.3% due to unfavorable exchange rates and economic conditions in certain markets.
Engines
Hexagon Composites releases third quarter 2015 results
Hexagon Composites ASA
Hexagon Composites reports a decline in operating results for the third quarter, but notes North America and Europe continue to be strong markets for the company.
Hardware
Timken third quarter sales decreased 10%
The Timken Company
Timken's 10% sales decrease for the third quarter was due in part to slowdowns in the industrial markets it serves.
Drivetrains
Allison reports 11% net sales decrease for third quarter
Allison Transmission
Allison's third quarter sales decreased 11% due in large part to lower demand from the global off-highway market.
Engines
Cummins announces restructuring and cost reduction actions
Cummins Inc.
Cummins reports third quarter revenue decreased 6%, and will implement restructuring and cost reduction actions due to a slowdown in the global market.
Market Analysis
Volvo Group strengthened profitability during third quarter
Volvo Group Global
Volvo reports it continued strengthening its profitability during the third quarter, achieving a 9% sales increase.
Market Analysis
Caterpillar reports sales and revenues down for third quarter 2015
Caterpillar Inc.
Caterpillar's sales and revenues were down for the third quarter, and its outlook for 2015 remains at $48 billion.
Market Analysis
Terex reports decrease in sales for third quarter 2015
Terex Corporation
Terex reports a net sales decrease of 1.0% for the third quarter 2015 due to continued market challenges.
Market Analysis
Scania reports continued high demand for heavy trucks in Europe
Scania AB
Scania continues to see high demand for its heavy truck products in Europe, achieving a 16.6% market share during the first nine months of 2015.
Hardware
Bossard sees slightly stronger third quarter
Bossard North America Inc.
Bossard Group reports a sales increase of 11.3% for the third quarter, aided by acquisitions the company has made during the year.
Electronics
Flux Power reports strong revenue increase for 2015
Flux Power Holdings Inc.
Increased battery sales during the fourth quarter, and over the full fiscal year helped Flux Power achieve 100% revenue growth in 2015.
Market Analysis
Caterpillar announces restructuring and cost reduction plans
Caterpillar Inc.
In order to reduce annual costs by $1.5 billion, Caterpillar is undertaking restructuring and cost reduction plans which includes reducing its workforce by an expected 10,000 people by 2018.
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