Allison Q2 2020 Earnings Report
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
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