Allison Q3 2024 Earnings Report
Key Takeaways
Allison Transmission announced record third quarter net sales of $824 million, a 12% increase year over year. Net income was $200 million, up 27% year over year, and diluted EPS reached a quarterly record of $2.27, a 29% increase year over year. The company is raising its full year 2024 revenue, earnings, and cash flow guidance.
Record quarterly net sales of $824 million, up 12% year over year.
Net Income of $200 million, up 27% year over year.
Diluted EPS of $2.27, a quarterly record, up 29% year over year.
Increased full year 2024 revenue, earnings and cash flow guidance.
Allison
Allison
Allison Revenue by Segment
Forward Guidance
Allison expects 2024 Net Sales in the range of $3,135 to $3,215 million, Net Income in the range of $675 to $725 million, Adjusted EBITDA in the range of $1,115 to $1,175 million, Net Cash Provided by Operating Activities in the range of $740 to $800 million, Capital Expenditures in the range of $135 to $145 million, and Adjusted Free Cash Flow in the range of $605 to $655 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income