Allison Q1 2021 Earnings Report
Key Takeaways
Allison Transmission reported Q1 2021 net sales of $588 million, a 10% increase from the fourth quarter of 2020. Net income for the quarter was $120 million, with diluted EPS at $1.07. The company raised its full year 2021 net sales guidance to $2,325 to $2,475 million.
Net sales for the first quarter were $588 million.
Net income reached $120 million, representing 20% of net sales.
Adjusted EBITDA was $222 million, accounting for 38% of net sales.
Diluted EPS stood at $1.07.
Allison
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Allison Revenue by Segment
Forward Guidance
Allison expects 2021 Net Sales in the range of $2,325 to $2,475 million, Net Income in the range of $395 to $465 million, Adjusted EBITDA in the range of $795 to $885 million, Net Cash Provided by Operating Activities in the range of $585 to $655 million, Adjusted Free Cash Flow in the range of $415 to $475 million and Capital Expenditures in the range of $170 to $180 million.
Positive Outlook
- Net Sales in the range of $2,325 to $2,475 million
- Net Income in the range of $395 to $465 million
- Adjusted EBITDA in the range of $795 to $885 million
- Net Cash Provided by Operating Activities in the range of $585 to $655 million
- Adjusted Free Cash Flow in the range of $415 to $475 million
Challenges Ahead
- Capital Expenditures in the range of $170 to $180 million
- Unspecified risks associated with business
- Uncertainty in the global regulatory and business environments
- Cyclical industries in which certain of end users operate
- Competitive markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income