Allison(US:ALSN)2025-08-04 21:00Q2 2025 Performance - Net sales were $814 million, a 0% variance from Q2 2024 [19] - Gross profit increased by 2% to $402 million, driven by price increases, offset by lower volumes and unfavorable material costs [19, 22] - Net income increased by 4% to $195 million, primarily due to higher gross profit and unrealized mark-to-market adjustments [19, 22] - Adjusted EBITDA increased by 4% to $313 million, with an Adjusted EBITDA margin of 38.5%, a 160 basis points increase [19, 22] - Diluted earnings per share increased by 8% to $2.29, driven by higher net income and lower diluted shares outstanding [19, 22] End Market Performance - North America On-Highway net sales decreased by 9% to $417 million, due to lower demand for medium-duty trucks [21] - Outside North America On-Highway net sales increased by 11% to $142 million, driven by higher demand in South America and Europe [21] - Global Off-Highway net sales decreased by 30% to $16 million, due to lower demand from the energy, mining, and construction sectors outside North America [21] - Defense net sales increased by 47% to $63 million, driven by growth initiatives [21] - Service Parts, Support Equipment & Other net sales increased by 6% to $176 million, driven by higher demand for service parts and price increases [21] Dana Off-Highway Acquisition - The total transaction value is approximately $2.7 billion, representing 6.8x Adjusted EBITDA (LTM 12/31/24) of ~$400 million or 5.2x including estimated run-rate synergies of ~$120 million [13] - Expected net leverage of less than 3.0x at close with near-term target of less than 2.0x [13] - Anticipated closing in late Q4 2025 [13]