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Jun 30, 2020
Allison Q2 2020 Earnings Report
Allison Transmission's financial performance significantly impacted by the COVID-19 pandemic, with decreased net sales and net income compared to the same period in 2019.
Key Takeaways
Allison Transmission reported a decrease in net sales by 49% to $377 million due to the COVID-19 pandemic, except for the Defense end market. Net income decreased to $23 million, with adjusted EBITDA at $115 million and adjusted free cash flow at $67 million.
Net sales decreased by 49% year-over-year to $377 million, primarily due to the COVID-19 pandemic.
Net income was $23 million, a significant decrease from $181 million in the same period last year.
Adjusted EBITDA was $115 million, compared to $308 million in the second quarter of 2019.
Adjusted Free Cash Flow was $67 million, a decrease from $214 million in the prior year.
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
Given the uncertain duration of the pandemic, as well as continuously evolving customer demand and supply chain readiness, we cannot conclusively provide a full year 2020 revenue, earnings or cash flow outlook at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income