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Jun 30, 2023
Allison Q2 2023 Earnings Report
Reported record quarterly net sales with strong demand across largest end markets and growth initiatives.
Key Takeaways
Allison Transmission reported record second-quarter net sales of $783 million, an 18% increase year-over-year, and diluted EPS of $1.92, a 52% increase year-over-year. The company is raising its full-year 2023 net sales guidance to $3 billion at the midpoint.
Record quarterly net sales of $783 million, up 18% year over year
Net Income of $175 million, 22% of net sales, up 43% year over year
Diluted EPS of $1.92, up 52% year over year
Increased 2023 Net Sales, Earnings and Cash Flow Guidance
Revenue by Segment
Forward Guidance
Allison expects 2023 Net Sales in the range of $2.96 to $3.04 billion, Net Income in the range of $575 to $625 million, Adjusted EBITDA in the range of $1.05 to $1.11 billion, Net Cash Provided by Operating Activities in the range of $675 to $725 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $550 to $590 million.
Positive Outlook
- Net Sales in the range of $2.96 to $3.04 billion
- Net Income in the range of $575 to $625 million
- Adjusted EBITDA in the range of $1.05 to $1.11 billion
- Net Cash Provided by Operating Activities in the range of $675 to $725 million
- Adjusted Free Cash Flow in the range of $550 to $590 million
Challenges Ahead
- Capital Expenditures in the range of $125 to $135 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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