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Sep 30, 2023
Allison Q3 2023 Earnings Report
Allison Transmission reported a 4% increase in net sales and a 21% increase in diluted EPS compared to the same period in 2022.
Key Takeaways
Allison Transmission reported a 4% increase in net sales, reaching $736 million, and a 21% increase in diluted EPS, amounting to $1.76. The company's performance was driven by sustained strength in North America On-Highway and Service Parts end markets, coupled with price realization and cost mitigation efforts that led to gross margin expansion.
Net sales increased by 4% year over year to $736 million.
Net income increased by 14% year over year to $158 million.
Diluted EPS increased by 21% year over year to $1.76.
Adjusted EBITDA increased by 9% year over year.
Allison
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Allison Revenue by Segment
Forward Guidance
Allison Transmission reaffirmed its full year 2023 guidance provided on July 27, 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income