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Sep 30, 2022
Allison Q3 2022 Earnings Report
Allison Transmission reported a strong third quarter with significant year-over-year growth in net sales and diluted EPS, driven by resilient customer demand and the execution of growth initiatives.
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
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
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