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Mar 31, 2024
Allison Q1 2024 Earnings Report
Allison Transmission reported record net sales driven by strong Global On-Highway demand and strength in Outside North America Off-Highway and Defense end markets.
Key Takeaways
Allison Transmission reported record first quarter net sales of $789 million and diluted EPS of $1.90. The results were driven by strong Global On-Highway demand and strength in Outside North America Off-Highway and Defense end markets. The company reaffirmed its full year 2024 guidance.
Record net sales of $789 million.
Diluted EPS of $1.90, which includes $0.13 impact from $14 million of non-recurring UAW contract signing incentives.
Refinanced Revolving Credit Facility and Term Loan, paying down $101 million of outstanding debt.
Increased quarterly dividend by 9 percent to $0.25 per share.
Revenue by Segment
Forward Guidance
Allison expects 2024 Net Sales in the range of $3,050 to $3,150 million, Net Income in the range of $635 to $685 million, Adjusted EBITDA in the range of $1,070 to $1,130 million, Net Cash Provided by Operating Activities in the range of $700 to $760 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $575 to $625 million.
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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