0 Machinery Industry

Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with approximately 16% of global market share in 2017. The company is divided into four reportable segments: construction industries, resource industries, energy & transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with 2,163 branches maintained by 168 dealers. Caterpillar Financial Services provides financing to its customers and dealers.

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.

Deere is the world's leading manufacturer of agricultural equipment with approximately $37 billion in annual revenue, including $3.6 billion from its financial-services arm. The company is divided into two reportable segments 1) agriculture and turf and 2) construction and forestry. Approximately 60% of Deere equipment is sold in North America and Canada. The principle products harvested by Deere equipment include grain, oilseeds, cotton, sugar, and biomass. In 2018, agriculture and turf made up approximately 70% of total revenue while construction and forestry generated 30%.

Parker-Hannifin is an industrial conglomerate operating out of two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 16,900 independent distributors and nearly 40% of its business occurs outside of North America.

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spin-off of Apergy, the company operates three segments: engineered systems, fluids, and refrigeration and food equipment.

CNH Industrial is a global industrial company that manufactures a range of products including agricultural equipment, construction equipment, commercial vehicles, and powertrain components. It is incorporated in the Netherlands and has its principal office in London. Its most senior executives work out of Burr Ridge, Illinois. Although the company was formed in 2013, the oldest elements of the organization date back to the 1830s and 1840s. Total company revenue was $29.7 billion in 2018 with approximately 39% generated from agriculture equipment, 10% from construction equipment, 36% from commercial vehicles, and the rest from the powertrain segment.

Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors. Xylem was spun off from ITT in 2011. Based in Rye Brook, New York, Xylem has a presence in over 150 countries and employs 16,200. The company generated $5.2 billion in revenue and $713 million in adjusted operating income in 2018.

Pentair is a global leader in the water treatment industry, with 10,000 employees and a presence in 34 countries. After spinning off its electrical unit as nVent in May 2018, Pentair's remaining water business is organized into three segments: aquatic systems, filtration solutions, and flow technologies. Pentair generated approximately $3 billion in revenue and $537 million in adjusted operating income in 2018.

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.

Based in Duluth, Georgia, Agco is the third- largest agricultural equipment manufacturer, behind Deere and CNH Industrial. It has five principal brands: Massey Ferguson, Challenger, Fendt, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements by offering grain handling systems and livestock management solutions. The company reports segment revenue by geographic region, with North America accounting for 23% of revenue; South America, 10%; Europe/Africa/Middle East, 57%; and Asia/Pacific, 9%.

Based in Westport, Connecticut, Terex is a global manufacturer of cranes, materials processing equipment, and aerial work platforms. Its current composition is a result of numerous acquisitions over several decades and a recent shift in focus to its three core segments, after divesting of a handful of underperforming businesses. These remaining segments see heavy demand in nonresidential construction as well as in maintenance, manufacturing, energy, and materials management. North America is its largest market, accounting for 55% of revenue, whereas Western Europe accounts for 23%; Asia-Pacific, 13%; and the rest of world, 9%.

Alamo Group Inc is engaged in the design and manufacturing of agricultural equipment and infrastructure maintenance equipment. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, leaf collection equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts. The company's reportable segments are Industrial, Agricultural, and European. It generates a majority of its revenue from the Industrial segment. Geographically, the company generates most of the revenue from the United States.

Lindsay Corp provides a variety of proprietary water management and road infrastructure products and services. The company has been involved in the manufacture and distribution of agricultural irrigation equipment and international water efficiency solutions and highway infrastructure firm with sales and distribution. It has operations which are categorized into two major reporting segments, Irrigation, and Infrastructure. The company generates maximum revenue from Irrigation segment and geographically from the United States.

Columbus McKinnon Corp is a designer, manufacturer, and marketer of a wide range of hoists and overhead cranes for use in a variety of industries. The company's products include actuators, digital power control and delivery systems, rigging tools, cranes, hoists, and elevator application drive systems.

Astec Industries Inc designs and manufactures equipment and components used primarily in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. Astec has three operating segments: infrastructure (the largest in terms of revenue), aggregate and mining, and energy. The company serves the energy market by supplying drilling rigs, storage equipment, heaters, and other products. Heavy processing equipment, services, and spare parts support customers and generate recurring revenue. The majority of sales derives from the United States.

Manitowoc Co Inc manufactures cranes, foodservice equipment, and other related products. It utilizes a variety of brand names and distributes engineered equipment to dealers, rental companies, contractors, and government entities. The company provides aftermarket parts and services to extend product lifecycles and enable customers to manage fleets effectively. Manitowoc's foodservice equipment spans a portfolio of hot and cold category products. Equipment capabilities entail refrigeration, ice-making, cooking, food-preparation, and beverage-dispensing technologies. Approximately half of total revenue is derived from the United States, and the company supplies products to a range of commercial and institutional operators.

Gencor Industries Inc is primarily involved in the designing, manufacturing, and sale of heavy machinery and related equipment. The machinery and equipment are used in the production of highway construction materials, synthetic fuels, and environmental control equipment. Its products include asphalt plants, combustion systems, and fluid heat transfer systems. In addition, it also manufactures related asphalt plant equipment, including hot mix storage silos, fabric filtration systems, cold feed bins and other plant components. Geographically all the business operations are functioned through the region of US and it derives revenue through the sale of machinery and related equipment.

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Brazil and other countries. Titan derives most of the revenue from Agricultural segment in which rims, wheels, tires and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

ASV Holdings Inc is a designer and manufacturer of a broad range of high-quality compact track loader (CTL) and skid steer loader (SSL) equipment. CTLs are compact tracked vehicles with lift arms that function well in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment. SSLs are wheeled vehicles with lift arms that can be outfitted with the same attachments as CTLs and can be used in most of the same applications. Geographically, the company operates in the United States, Australia, and other countries under the ASV and Terex brands. It generates a vast majority of revenue from the United States.

Servotronics Inc is a U.S based company which designs, manufactures and markets technology products consisting of control components and consumer products consisting of knives and various types of cutlery and other edged products. The company operates in the segments of Advanced Technology Group, which is the key revenue generating segment, and Consumer Products Group. Advanced Technology Group operations involve the design, manufacture, and marketing of servo-control components, which include torque motors, control valves and actuators, among others for government, commercial and industrial applications. Consumer Products Group operations involve the design, manufacture and marketing of a range of cutlery products for use by consumers and government agencies.

Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.