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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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