Allison(ALSN)
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Compared to Estimates, Allison Transmission (ALSN) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-26 00:35
For the quarter ended June 2024, Allison Transmission (ALSN) reported revenue of $816 million, up 4.2% over the same period last year. EPS came in at $2.13, compared to $1.92 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $798.74 million, representing a surprise of +2.16%. The company delivered an EPS surprise of +4.41%, with the consensus EPS estimate being $2.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
Allison(ALSN) - 2024 Q2 - Earnings Call Transcript
2024-07-26 00:11
Allison Transmission Holdings, Inc. (NYSE:ALSN) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Jackie Bolles - Executive Director, Treasury and IR Dave Graziosi - Chairman and CEO Fred Bohley - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Tim Thein - Raymond James Rob Wertheimer - Melius Research Ian Zaffino - Oppenheimer Angel Castillo - Morgan Stanley Tami Zakaria - JPMorgan Luke Junk - Baird Jerry Revich - Goldman Sachs Kyle Men ...
Allison(ALSN) - 2024 Q2 - Earnings Call Presentation
2024-07-26 00:02
Q2 2024 Earnings Release July 25th, 2024 Dave Graziosi, Chair & CEO Fred Bohley, COO, CFO & Treasurer 1 Safe Harbor Statement The following information contains, or may be deemed to contain, "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995). The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-lookin ...
Allison Transmission (ALSN) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-25 22:35
Allison Transmission (ALSN) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.41%. A quarter ago, it was expected that this automatic transmission maker would post earnings of $1.88 per share when it actually produced earnings of $1.90, delivering a surprise of 1.06%.Over the last fou ...
Allison(ALSN) - 2024 Q2 - Quarterly Results
2024-07-25 20:15
EXHIBIT 99.1 Allison Transmission Announces Second Quarter 2024 Results * Record quarterly net sales of $816 million, up 4% year over year * Diluted EPS of $2.13, up 11% year over year * Increasing full year 2024 revenue, earnings and cash flow guidance INDIANAPOLIS, July 25, 2024 – Allison Transmission Holdings Inc. (NYSE: ALSN), today reported second quarter net sales of $816 million, a quarterly record driven by all-time high quarterly net sales of $456 million in the North America On-Highway end market. ...
Allison Transmission Announces Second Quarter 2024 Results
Prnewswire· 2024-07-25 20:05
Record quarterly net sales of $816 million, up 4% year over yearDiluted EPS of $2.13, up 11% year over yearIncreasing full year 2024 revenue, earnings and cash flow guidanceINDIANAPOLIS, July 25, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), today reported second quarter net sales of $816 million, a quarterly record driven by all-time high quarterly net sales of $456 million in the North America On-Highway end market.David S. Graziosi, Chair and Chief Executive Officer of Allison Tra ...
Allison Transmission Partners With Cummins to Conduct Successful Field Testing of New Natural Gas Engine
Prnewswire· 2024-07-24 12:30
INDIANAPOLIS, July 24, 2024 /PRNewswire/ -- Allison Transmission has partnered with Cummins to test and validate the new Cummins X15N 15-liter natural gas engine paired with the Allison 4000 SeriesTM fully automatic transmission. Sandman, a bulk cement hauling fleet based in San Jose, California, has successfully completed over 50,000 miles of vehicle testing in the field and reports significant improvements in fuel efficiency and performance. The test vehicle, a Peterbilt tractor pulling double trailers of ...
Allison FracTran® Expands to Canadian Market
Prnewswire· 2024-07-23 12:30
Through its partnership with Element Technical Services, the next-generation purpose-built Allison hydraulic fracturing transmission is in operation in Canadian oil fields.INDIANAPOLIS, July 23, 2024 /PRNewswire/ -- Allison Transmission has partnered with Element Technical Services, an industry-leading pressure pumping services company serving the Williston Basin, Powder River Basin and Western Canadian Sedimentary Basin, to field Allison's FracTran® in Canada for the first time. FracTran entered production ...
Allison Forms Strategic Partnership with Lingong Heavy Machinery Co. Ltd. to Expand Global Mining Presence
Prnewswire· 2024-07-18 20:15
INDIANAPOLIS, July 18, 2024 /PRNewswire/ -- Allison Transmission has formed a new strategic partnership with Lingong Heavy Machinery Co. Ltd. (LGMG), a prominent Chinese mining equipment manufacturer, to provide industry-leading mining vehicles to customers across the globe. As a next step in the companies' long-term partnership, LGMG has integrated Allison 6625 Wide Body Dump Series™ (WBD) transmissions into 136T wide body mining dump trucks, which will be delivered to international customers for hauling ...
Allison (ALSN) Collaborates With BAE Systems to Supply 4040 MX
ZACKS· 2024-07-18 14:46
Allison Transmission Holdings, Inc. (ALSN) has signed a contract with BAE Systems Hagglunds, a prominent European producer of tracked combat vehicles, to supply the new Allison 4040 MX propulsion system for the ongoing CV90 Infantry Fighting Vehicle (IFV) programs, with production expected to commence in 2028. The 4040 MX, an upgraded version of the 3040 MX cross-drive transmission used in the U.S. Army's M10 Booker Combat Vehicle, expands Allison's medium-weight product line.This agreement continues a long ...