Zacks Industry Outlook Highlights: Deere, Caterpillar, AGCO, Toro and Terex PR Newswire CHICAGO, Jan. 17, 2014 CHICAGO, Jan. 17, 2014 /PRNewswire/ --Today, Zacks Equity Research discusses the Machinery, including Deere & Company (NYSE:DE-Free Report), Caterpillar Inc. (NYSE:CAT-Free Report), AGCO Corporation (NYSE:AGCO-Free Report),Toro Co. (NYSE:TTC-Free Report) and Terex Corp. (NYSE:TEX-Free Report). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Industry: Machinery Link: http://www.zacks.com/commentary/30912/machinery-industry-stock-outlook---jan-2014 The direct correlation between increasing economic activities and the prospects of the machinery industry evokes in us a confidence in the industry right on the heels of anticipated economic growth worldwide. Recovery, though gradual, from the 2008 global crisis has raised demand for industrial products and has in turn boosted the need for new/advanced machinery. The major end-markets for the machinery industry include agriculture, construction, mining and energy industries, among others. The world economy will likely grow by 3.6% in 2014, according to the International Monetary Fund's (IMF) World Economic Outlook, published in Oct 2013. Growth in advanced economies and emerging and developing countries are projected at 2.0% and 5.1% for 2014, respectively. The world economic growth projection was a slight moderation from what was predicted by the IMF in Jul 2013 due primarily to weak demand and slower-than-anticipated growth in emerging markets. Admittedly obstacles still persist but the overall growth picture may not materially deteriorate or deviate from the IMF's Oct 2013 forecast. Important Players in the Machinery Industry Deere & Company's (NYSE:DE-Free Report) fiscal 2013 (ended Oct 31, 2013) results were impressive. For the fiscal year, equipment sales rose roughly 4%, with price realization contributing 3%. This agricultural and forestry equipment provider is expanding globally to leverage benefits from the growing global farm industry. Management anticipates equipment sales to decrease 3% year over year in fiscal year 2014. Net earnings for the year are projected to be approximately $3.3 billion. Caterpillar Inc. (NYSE:CAT-Free Report) posted a 19% decline in Machinery and Power Systems sales in the third quarter of 2013. For 2013, the company expects revenue to be approximately $55 billion, down from the $56–$58 billion range expected earlier due primarily to weak demand for mining equipment. The company is slated to report its fourth quarter results on Jan 27, 2014. Other top players in the agricultural, construction and mining industry include AGCO Corporation (NYSE:AGCO-Free Report),Toro Co. (NYSE:TTC-Free Report) and Terex Corp. (NYSE:TEX-Free Report), among others. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. 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Zacks Industry Outlook Highlights: Deere, Caterpillar, AGCO, Toro and Terex
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