Equipment Market Outlook: Page 8

Market Analysis

Deere Announces Second Quarter Earnings of $495 Million

John Deere Worldwide Construction & Forestry Div.

Deere & Co.'s global net sales and revenues decreased 4% in the second quarter due to the continued downturn in the agricultural and construction markets.

Market Analysis

Daimler Trucks Adjusts Outlook for 2016 due to Contracting Market Conditions

Daimler expects the overall Class 6-8 truck market to contract 15% in 2016 due to lower demand in many regions; however the company still anticipates 2016 will be one of its most profitable years.

Omnitek Reports First Quarter Results and Expectations for Future Growth due to GHG Regulations

Omnitek Engineering Corp.

Omnitek anticipates diesel-to-natural-gas engine conversions to increase in the coming quarters as greenhouse gas emissions regulations go into effect.

Market Analysis

New Flyer Reports Revenue Increase for First Quarter

NFI Group Inc., formerly New Flyer Industries Inc.

New Flyer's first quarter increase was due primarily to a 63.1% increase in total transit bus and coach deliveries.

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.

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.

Meritor Second Quarter 2016 Down 5%

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.

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.

Cummins Reports 9% Decrease in First Quarter Revenue

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.

Trimble First Quarter Revenue up 4%

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%

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.

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