Equipment Market Outlook: Page 19

Market Analysis
Decreasing sales for Volvo CE in Q4 2014 reflect challenging environment for construction equipment industry
Volvo Construction Equipment
Lower sales in China and stagnation in Europe brought Volvo CE a 6% sales decrease in the fourth quarter of 2014 and a 1% decrease for the full financial year.
Drivetrains
Allison Transmission reports 11% sales increase for fourth quarter of 2014
Allison Transmission
Allison Transmission had an 11% increase in sales during the fourth quarter of 2014, and anticipates 2015 to be in the range from flat to down 5%.
Drivetrains
P.S.I. reports record sales of its automatic tire inflation system during 2014
Pressure Systems International (PSI)
P.S.I. says global sales of its automatic tire inflation system exceeded forecast sales by 19% for a year-over-year increase of 27%.
Market Analysis
Volvo Group reports 4% decrease in sales for fourth quarter 2014
Volvo Group Global
For the fourth quarter of 2014, Volvo Group reports sales decreased 4%.
Engines
Cummins reports fourth quarter and full year financial results for 2014
Cummins Inc.
In 2014, Cummins had an 11% increase in fourth quarter revenue due in part to higher revenues in North America.
Engines
CNH reports revenue down 3.8% in 2014
CNH Industrial
Despite increased sales in construction equipment and powertrain products, CNH revenue in 2014 decreased 3.8% compared to 2013.
Drivetrains
Comer Industries reports highest ever recorded financial year in 2014
Comer Industries S.p.A.
Comer Industries saw a 6% improvement in consolidated turnovers in 2014 and an improved financial position that was the company's highest ever recorded.
Brake System
Meritor reports first quarter 2015 sales down 2% from previous year
Meritor, Inc.
Meritor's first quarter 2015 sales were down 2% from the same period last year.
Market Analysis
Caterpillar releases fourth quarter and full year 2014 financial results
Caterpillar Inc.
Caterpillar reports fourth quarter 2014 sales and revenue, and full year financial results, were down slightly from 2013.
Hardware
Timken reports improved fourth quarter and full year 2014 results
The Timken Company
Timken's fourth quarter 2014 financial results increased 2% and expects continued growth in 2015.
Market Analysis
Deere announces layoffs at Iowa and Illinois facilities
John Deere Ag and Turf Division
Deere & Company will lay off several workers at locations in Iowa and Illinois which build agricultural equipment due to the economic forecast for that sector.
Market Analysis
Scania Financial Services reports record earnings in 2014
Scania AB
Scania Financial Services financed over 35,000 trucks in 2014, which helped its operating income rise to record levels in 2014.
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