Equipment Market Outlook: Page 20

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.
Fluid Power
Sun Hydraulics reports records sales for 2014
Sun Hydraulics LLC
Sun Hydraulics reports its sales in 2014 hit a record level, with a sales increase in the fourth quarter of 12% and annual sales increasing 11%.
Market Analysis
New Flyer revises fourth quarter 2014 orders and backlog
NFI Group Inc., formerly New Flyer Industries Inc.
New Flyer's revision of its fourth quarter 2014 results show a delivery of 680 units and backlog of 6,745 units.
Drivetrains
Dana announces management retirement and strong 2014 financial results
Dana Incorporated
Dana has announced strong preliminary 2014 financial results and 2015 forecast, as well as a succession plan for retiring President and CEO Roger J. Wood.
Hardware
Bossard achieves record sales for 2014 financial year
Bossard North America Inc.
The Bossard Group achieved record sales in 2014 with a revenue increase of 1.9%.
Market Analysis
Volvo Group truck deliveries in November decreased 10%
Volvo Group Global
In November Volvo Group's truck deliveries totaled 18,224 vehicles, a 10% decline from the same period last year.
Hardware
Solvaro anticipates 30% sales increase for 2014
Solvaro GmbH
Solvaro reports growth for its 2014 financial year and anticipates year-end results 30% higher than last year.
Solvaro is expanding its range of production technologies with a 3D laser system.
Market Analysis
Liebherr Group reports 2014 financial results similar to 2013 and 3.8% worldwide growth for coming year
Liebherr-International Deutschland GmbH
Liebherr Group's 2014 business year is higher than the previous year's, and the company expects 2015 to have worldwide growth of 3.8%.
Engines
Navistar reports net loss for fourth quarter of 2014
Navistar International Corp.
Though Navistar recorded a net loss for the fourth quarter 2014, the company's entire fiscal year indicates progress on improving business operations.
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