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Dec 31, 2021
Allison Q4 2021 Earnings Report
Allison's Q4 2021 earnings were announced, showing strong growth in net sales and net income.
Key Takeaways
Allison Transmission reported a strong Q4 2021 with a 20% increase in net sales and a 97% increase in net income compared to the same period in 2020. The company's performance was driven by strong recovery in the Outside North America On-Highway end market and sequential growth across all end markets.
Net sales increased by 20% year-over-year to $644 million.
Net income increased by 97% year-over-year to $118 million.
Diluted EPS increased by 117% year-over-year to $1.15.
Outside North America On-Highway net sales increased by 38% year-over-year.
Revenue by Segment
Forward Guidance
Allison Transmission expects net sales in the range of $2,625 to $2,775 million, net income in the range of $430 to $520 million, adjusted EBITDA in the range of $865 to $975 million, net cash provided by operating activities in the range of $570 to $680 million, adjusted free cash flow in the range of $400 to $500 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.
- Continued strength in customer demand and price increases on certain products.
Challenges Ahead
- 10% increase in engineering – research and development expenses.
- Funding product development initiatives in support of organic growth across all end markets.
- Uncertainties related to the ongoing global economic recovery.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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