Equipment Market Outlook: Page 6

Engines
Cummins Reports Second Quarter Revenues Decreased 10%
Cummins Inc.
Cummins' second quarter revenues decreased due to lower truck production in North America and weak global demand in the off-highway segment; full year revenues are expected to be down 8-10%.
Engines
MAN Improves Profit in First Half of 2016
MAN Truck & Bus AG
MAN Group's operating profit increased 3.7% during the first half of 2016, aided primarily by improved sales in the MAN Truck & Bus business unit.
Market Analysis
Terex Announces Second Quarter Results
Terex Corporation
Terex's second quarter results accounted for structural changes due to impending sales of two business units; the company anticipates full year sales to be on par with its previous guidance.
Electronics
DENSO First Quarter Revenue 1.2% Lower Compared to Previous Year
Denso International America
Despite a growth in sales, DENSO's first quarter revenue decreased 1.2% due to exchange rates.
Market Analysis
Scania Sales Reach All-Time High During First Half of 2016
Scania AB
Scania's sales rose 7% in the first half of 2016, reaching an all-time high, due to higher vehicle volumes in Europe and increased service revenue.
Drivetrains
Allison Reports Second Quarter Results
Allison Transmission
For the second quarter, Allison reports a 7% decrease in sales compared to 2015 due to lower demand in the markets it serves including the on- and off-highway segments.
Hardware
Timken Reports Second Quarter Results
The Timken Company
Timken reports second-quarter sales were 7.5% lower than the same period last year due to weakness in most of the markets it serves.
Market Analysis
CNH Reports Second Quarter Revenues Down 2.9%
CNH Industrial
CNH's revenues for the second quarter decreased compared to 2015; the agricultural and construction equipment segments saw declines while the commercial vehicles and powertrain segments reported sales increases.
Market Analysis
Caterpillar Reports 16% Sales and Revenues Decrease for Second Quarter
Caterpillar Inc.
CEO Doug Oberhelman says despite the current economic climate, the company is happy with its financial performance but remains cautions for the second half of the year.
Market Analysis
Volvo Group Second Quarter Sales Decrease 7%
Volvo Group Global
Volvo Group's second quarter sales decreased 7%, though the company was still able to continue improving its profitability.
Market Analysis
Atlas Copcos President Comments on Second Quarter Results
Epiroc
President and CEO Ronnie Leten says Asia, and India in particular, were bright spots for Atlas Copco in the second quarter.
Market Analysis
New Flyer Announces Second Quarter 2016 Orders and Backlog
NFI Group Inc., formerly New Flyer Industries Inc.
New Flyer increased deliveries and new orders in the second quarter, and anticipates demand from public transit agencies throughout the U.S. and Canada to continue increasing.
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