Equipment Market Outlook: Page 32

Market Analysis
Caterpillar Sales in January Did Not Improve
Caterpillar Inc.
Despite overall sales increases, Caterpillar's January sales numbers were down.
Drivetrains
Dana Announces Full-Year and Fourth-Quarter 2011 Results
Dana Incorporated
Dana has announced its full-year and fourth-quarter results for 2011 which indicate a sales increase of 24% over 2010.
Market Analysis
Agco Corp.'s Earnings Tripled in Fourth Quarter
AGCO Corporation
Reports show Agco's fourth-quarter earnings more than tripled due to increased production and pricing.
Market Analysis
Volvo CE Unit Sales Rose in 2011
Volvo Construction Equipment
Volvo CE sold a record number of 84,000 machines in 2011, increasing its sales 14% in the fourth quarter alone.
Bearings
Timken Reports Record Sales in 2011 and Strong Outlook for 2012
The Timken Company
Timken's reports it had record sales in 2011, up 28% from the year before, and predicts sales will grow between 5 and 8% in 2012.
Market Analysis
Caterpillar Says Sales Increased 30%
Caterpillar Inc.
Caterpillar announces sales for its construction and mining machinery rose 30% over the course of three months.
Market Analysis
Joy Global Announces Fourth Quarter and Year-End Results
Komatsu Mining Corp. (formerly Joy Global Inc.)
Joy Global announces its fourth quarter and year-end results for fiscal year 2011.
Market Analysis
Leipold Group Revenue Grows for Fiscal Year 2010/2011
Leipold Group
Leipold Group announces it achieved a 30% revenue growth during the 2010/2011 fiscal year.
The Leipold Group's headquarters in Germany.
Drivetrains
Bridgestone Announces Price Increases
Bridgestone Americas Inc.
Bridgestone Commercial Solutions announces it will increase prices on its off-road and Continuum products.
Market Analysis
Sauer-Danfoss Reports Third Quarter Results
Danfoss - Danfoss Power Solutions
Sauer-Danfoss reports its third quarter 2011 results, which show an increase in sales by 17%.
Market Analysis
Titan Reports Record Third Quarter
Titan Tire Corp., a subsidiary of Titan Intl.
Titan International reports a record third quarter, with revenue and net income above 2010 numbers.
Market Analysis
Caterpillar Third-Quarter Sales and Revenues At All-Time Record
Caterpillar Inc.
Caterpillar reports its third-quarter sales and revenues were at an all-time record, and that 2012 sales and revenues will be up 10 to 20%.
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