Equipment Market Outlook: Page 16

Drivetrains
Meritor reports 9% sales decrease for fourth quarter 2015
Meritor, Inc.
Meritor's fourth quarter fiscal year 2015 sales were down 9% from last year due mainly to weaker foreign currency exchange rates.
Engines
Omintek reports net revenue increase for third quarter 2015
Omnitek Engineering Corp.
Omnitek's third quarter net revenues increased 38% from a year ago.
Drivetrains
Titan reports 31% revenue decrease for third quarter 2015
Titan Tire Corp., a subsidiary of Titan Intl.
Titan's third quarter results decreased due in part to the continued cyclical downturn in key markets including agriculture and mining.
Market Analysis
New Flyer reports 1.1% revenue increase for 2015 third quarter
NFI Group Inc., formerly New Flyer Industries Inc.
New Flyer's third quarter results show a 1.11% consolidated revenue increase compared to Q3 2014.
Engines
Briggs & Stratton reports first quarter 2016 results, reaffirms guidance
Briggs & Stratton Commercial Power
Briggs & Stratton reports a stronger than expected first quarter for fiscal year 2016 due in part to late season activity in the lawn and garden markets.
Electronics
Maxwell reports revenue increase for third quarter 2015
Maxwell Technologies
Maxwell's third quarter results show a 19.3% revenue increase compared to the second quarter which was driven primarily by increased demand from the Chinese hybrid bus market.
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.
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