Loading...
•
Mar 31, 2022
Allison Q1 2022 Earnings Report
Allison Transmission reported a strong first quarter with net sales up 15% year-over-year and diluted EPS up 21% year-over-year.
Key Takeaways
Allison Transmission announced first quarter 2022 results with net sales of $677 million, a 15% increase year-over-year. Diluted EPS was $1.30, up 21% year-over-year. The company affirmed its full year 2022 guidance.
Net sales increased by 15% year-over-year to $677 million.
Diluted EPS increased by 21% year-over-year to $1.30.
Record quarterly net sales were achieved in the Outside North America On-Highway end market.
The company affirmed its full year 2022 guidance.
Allison
Allison
Allison Revenue by Segment
Revenue by Segment
North America On-Highway Revenue
CapyFin.comOutside North America On-Highway Revenue
CapyFin.comDefense Revenue
CapyFin.comService Parts, Support Equip. & Other Revenue
CapyFin.com Forward Guidance
Allison expects 2022 Net Sales in the range of $2,625 to $2,775 million, Net Income in the range of $430 to $520 million, Adjusted EBITDA in the range of $865 to $975 million, Net Cash Provided by Operating Activities in the range of $570 to $680 million, Adjusted Free Cash Flow in the range of $400 to $500 million and Capital Expenditures in the range of $170 to $180 million.
Positive Outlook
- Higher demand in the Global On-Highway end market.
- Higher demand in the Global Off-Highway end market.
- Higher demand in the Service Parts, Support Equipment & Other end market.
- Ongoing global economic recovery.
- Continued strength in customer demand and price increases on certain products.
Challenges Ahead
- The duration and spread of the COVID-19 pandemic, including new variants of the virus and the pace and availability of vaccines and boosters.
- Mitigating efforts deployed by government agencies and the public at large, and the overall impact from such outbreak on economic conditions, financial market volatility and our business.
- Increases in cost, disruption of supply or shortage of labor, freight, raw materials or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of the war in Ukraine and the COVID-19 pandemic.
- Our participation in markets that are competitive.
- Our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles.
Revenue & Expenses
Visualization of income flow from segment revenue to net income