Equipment Market Outlook: Page 5

Donaldson Reports Fourth Quarter and Full-Year 2016 Earnings

Donaldson Company Inc.

Donaldson reports a 1.8% decline in sales for the fourth quarter and 3.2% decline for full fiscal year 2016; the company anticipates between a 2% decline and 2% increase for fiscal year 2017.

Market Analysis

Navistar Reports Third Quarter 2016 Results

Navistar International Corp.

For the third quarter, Navistar revenue was down 18% compared to a year ago due to softer industry conditions, particularly in the Class 8 truck market.

Market Analysis

Deere & Co. Announces Lower Sales and Revenues for Third Quarter

John Deere Ag and Turf Division

Deere & Co. net sales and revenues decreased 11% in the third quarter due to weakness in global markets for farm and construction equipment.

Hexagon Composites Reports 20% Revenue Growth for Low-Pressure Cylinders in Second Quarter

Hexagon Composites ASA

Hexagon Composites says operating results for the second quarter were positively impacted by a 20% growth in revenue for the Low-Pressure Cylinders segment.

Market Analysis

New Flyer Reports Second Quarter Results

NFI Group Inc., formerly New Flyer Industries Inc.

New Flyer revenue increased 68.3% in the second quarter, which resulted in a 71.4% increase in deliveries compared to the same period in 2015.

Westport Fuel Systems Reports Second Quarter Financial Results

Westport Fuel Systems Inc.

Consolidated revenue for the quarter was $44.4 million compared to $27.8 million last year due to the merger with Fuel Systems' and the addition of its revenues.

UQM Technologies First Quarter Revenue Grows 94% Over Prior Year

UQM Technologies Inc.

UQM President and CEO says first quarter results increased due to sales growth of the company's heavy-duty electric propulsion systems in North America.

Meritor Reports Third Quarter Fiscal 2016 Results

For its third quarter fiscal 2016, Meritor sales were down approximately 7% driven partially by lower production in the North American Class 8 truck market.

Titan Second Quarter Sales Down 12.2%

Titan Tire Corp., a subsidiary of Titan Intl.

Titan reports sales for the second quarter were down 12.2% compared to last year, but the company is optimistic as certain segments begin to improve.

Trimble Second Quarter Revenue up 4%

Trimble reports its revenue for the second quarter rose 4% compared to the previous year, and anticipates continued growth through the rest of the year and into 2017.

Modine Reports Slight Increase for First Quarter Fiscal 2017

Modine Manufacturing Company

Modine's first quarter fiscal year 2017 results improved on a year-over-year basis due in part to strong sales in Europe.

Maxwell Reports Second Quarter Results

Maxwell Technologies

Maxwell President and CEO says second quarter results were as expected, and continued weakness in the China bus market will have further effects in the next quarter.

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