Allison Q3 2022 Earnings Report
Key Takeaways
Allison Transmission announced third quarter 2022 results with net sales of $710 million, a 25% increase year-over-year. Diluted EPS was $1.45, up 63% year-over-year. The company also reported record quarterly net sales in the Outside North America On-Highway end market.
Net sales increased by 25% year over year to $710 million.
Diluted EPS increased by 63% year over year to $1.45.
Record quarterly net sales of $118 million were achieved in the Outside North America On-Highway end market.
Adjusted EBITDA for the quarter was $245 million.
Allison
Allison
Allison Revenue by Segment
Forward Guidance
Allison expects 2022 Net Sales in the range of $2,690 to $2,740 million, Net Income in the range of $490 to $510 million, Adjusted EBITDA in the range of $915 to $945 million, Net Cash Provided by Operating Activities in the range of $620 to $650 million, Capital Expenditures in the range of $160 to $170 million, and Adjusted Free Cash Flow in the range of $460 to $480 million.
Positive Outlook
- Net Sales in the range of $2,690 to $2,740 million.
- Net Income in the range of $490 to $510 million.
- Adjusted EBITDA in the range of $915 to $945 million.
- Net Cash Provided by Operating Activities in the range of $620 to $650 million.
- Adjusted Free Cash Flow in the range of $460 to $480 million.
Challenges Ahead
- Capital Expenditures in the range of $160 to $170 million.
- Increases in cost, disruption of supply or shortage of labor.
- Global economic volatility.
- The duration and spread of the COVID-19 pandemic.
- Our participation in markets that are competitive.
Revenue & Expenses
Visualization of income flow from segment revenue to net income