Equipment Market Outlook: Page 6

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.

Cummins Reports Second Quarter Revenues Decreased 10%

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%.

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.

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'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.

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.

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'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.

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