Equipment Market Outlook: Page 8

Engines
Hexagon Low-Pressure Cylinders Segment Grew 17% in First Quarter
Hexagon Composites ASA
Hexagon Composites had a 17% growth in revenue in the Low-Pressure Cylinders segment during the first quarter of 2016.
Electronics
Maxwell Reports First Quarter 2016 Results
Maxwell Technologies
Maxwell's first quarter revenues decreased compared to the previous quarter due in part to an expected seasonal decline in the China hybrid bus market.
Brake System
Meritor Second Quarter 2016 Down 5%
Meritor, Inc.
Meritor reports a 5% decrease in sales for the second fiscal quarter due in part to lower truck production volumes in North and South America.
Drivetrains
Titan Sales Decreased in all Segments During First Quarter 2016
Titan Tire Corp., a subsidiary of Titan Intl.
Titan's first quarter sales were down 20% compared to 2015 due to the continued cyclical downturn in the agricultural and construction markets, as well as other global market conditions.
Engines
Cummins Reports 9% Decrease in First Quarter Revenue
Cummins Inc.
Cummins' first quarter revenue decreased 10% in North America and 8% in international markets due to weaker demand from the heavy-duty truck and off-highway equipment markets.
Market Analysis
Caterpillar Sales and Revenues Down in First Quarter 2016
Caterpillar Inc.
Caterpillar's sales and revenues were down from the first quarter of 2015 due to continued market downturns in construction, oil and gas, mining and rail.
GPS
Trimble First Quarter Revenue up 4%
Trimble Inc.
Trimble's first quarter 2016 revenue was up 4% compared to the previous year, with most of its operating segments reporting increases for the quarter.
Market Analysis
CNH Industrial First Quarter Revenues Down 5.7%
CNH Industrial
While first quarter revenues decreased, CNH reported strong demand for its commercial vehicles segment which is anticipated to increase 5-10% in the EMEA region in 2016.
Engines
Briggs & Stratton Reports Third Fiscal Quarter Results
Briggs & Stratton Commercial Power
For its third fiscal quarter, Briggs & Stratton had a 2.5% decrease in sales due to downturns in some markets, such as Oil & Gas, and a strong U.S. dollar impacting foreign exchange rates.
Market Analysis
PACCAR Achieves Good First Quarter Results
PACCAR Inc.
Strong European truck market demand, as well as strong demand in North America, helped PACCAR achieve good revenues and operating income for first quarter 2016.
Market Analysis
Terex Reports First Quarter Loss
Terex Corporation
Terex's lower first quarter results were due to challenging market conditions; the company anticipates net sales in 2016 to be 10% lower than last year.
Hardware
Timken Reports 5% Lower Sales for First Quarter 2016
The Timken Company
Timkens' first quarter sales were 5% lower due to weakness across most market sectors, and anticipates 2016 as a whole will be down 5% from 2015.
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