Tim Solso: If you look at the 12% growth that we have, 7% of that has to do with market growth or market share growth, 2% has to do with pricing, and the remaining 3% has to do with new products.
Joe Loughrey: With respect to their commodity costs, we think that, that in connection or combination with the currency issues of sourcing from some of the low-cost countries that are seeing appreciation against the US dollar we think that is about a 1% drag on earnings this year.
Eli Lustgarten (Longbow Research): How do you see the higher capital spending, because there is going to be dislocations in impact from spending that much more this year?
Joe Loughrey: A large portion of the capital spending increase is taking places for the new engine platforms which are coming on line in the late 2009, 2010 time periods. A lot of that capital spending will start to become depreciation in our results.
Jean Blackwell: There are investments we are making in our businesses. We talked about Power Generation, we have talked about it in connection with our joint ventures in China in the second half of the year. There are investments and so they impacted different businesses differently.
Eli Lustgarten (Longbow Research): Is the first quarter joint venture income the best you are going to see for the year or is it going to sustain at this level for the rest of the year, given your earlier comments?
Tim Solso: It will go down. Our guidance is that we are expecting JV income to be up 5% to 10% for the full year.
Eli Lustgarten (Longbow Research): The joint venture income from on-highway engines in the quarter was a substantial increase. Was it due to market dynamics or was there any layering of these joint ventures that have been recently starting up?
Joe Loughrey: That is purely the dynamics of what is going on in China right now with the on-highway markets or truck markets in China, where we are seeing essentially a pre-buy as they transition to the Euro III emission standard in China.
Jean Blackwell: Which right now is scheduled to be effective July 1, and so that is one reason why we have said that the China joint venture should become down later in the year.
Andy Casey (Wachovia Securities): The Forton JV company had strong results of themselves recently. Could you talk about the introduction of the diesel into their fleets from the joint venture?
Tim Solso: We will start introduction, basically the second quarter of 2009.
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