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Mar 31, 2023
Allison Q1 2023 Earnings Report
Allison Transmission reported record quarterly net sales and increased diluted EPS for Q1 2023.
Key Takeaways
Allison Transmission announced record first quarter net sales of $741 million, a 9% increase year over year, and diluted EPS of $1.85, up 42% compared to the same period in 2022. The company raised its full year 2023 guidance due to sustained demand and growth initiatives.
Record quarterly net sales of $741 million, up 9% year over year.
Diluted EPS of $1.85, up 42% year over year.
Net sales in Service Parts, Support Equipment and Other end market increased by $44 million.
Net sales in the North America On-Highway end market increased by $30 million.
Revenue by Segment
Forward Guidance
Allison expects 2023 Net Sales in the range of $2.9 to $3.0 billion, Net Income in the range of $550 to $600 million, Adjusted EBITDA in the range of $1.01 to $1.09 billion, Net Cash Provided by Operating Activities in the range of $635 to $695 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $510 to $560 million.
Positive Outlook
- Higher customer demand in the Global On-Highway end market
- Higher customer demand in the Global Off-Highway end market
- Higher customer demand in the Service Parts, Support Equipment & Other end markets
- Price increases on certain products
- Continued execution of growth initiatives
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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