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Sep 30, 2021
Allison Q3 2021 Earnings Report
Allison Transmission announced a 7% increase in net sales, driven by robust customer demand and global economic recovery, with diluted EPS up 31% and adjusted EBITDA up 15% year-over-year.
Key Takeaways
Allison Transmission reported a 7% increase in net sales to $567 million, with a diluted EPS of $0.89, up 31% year-over-year. Net income was $94 million, and adjusted EBITDA reached $189 million. The company's performance reflects the continuing recovery in global markets and customer demand, despite ongoing supply chain challenges.
Net sales increased by 7% year-over-year to $567 million.
Diluted EPS increased by 31% year-over-year to $0.89.
Net income was $94 million, representing 17% of net sales.
Adjusted EBITDA was $189 million, representing 33% of net sales.
Revenue by Segment
Forward Guidance
Allison expects 2021 Net Sales in the range of $2,325 to $2,400 million, Net Income in the range of $395 to $440 million, Adjusted EBITDA in the range of $795 to $845 million, Net Cash Provided by Operating Activities in the range of $585 to $635 million, Adjusted Free Cash Flow in the range of $415 to $455 million and Capital Expenditures in the range of $170 to $180 million.
Positive Outlook
- Higher demand in the Global On-Highway end market.
- Higher demand in the Global Off-Highway end market.
- Higher demand in the Service Parts, Support Equipment & Other end markets.
- Ongoing global economic recovery.
- Price increases on certain products.
Challenges Ahead
- Commercial vehicle industry production constraints.
- Global supply chain challenges.
- Adverse impact on commercial vehicle industry production.
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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