Allison Q4 2023 Earnings Report
Key Takeaways
Allison Transmission announced record fourth-quarter revenue of $775 million, an 8% increase year-over-year, contributing to a record full-year net sales of $3.04 billion. The company's diluted EPS for the quarter was $1.91, up 26% year-over-year, and a full-year diluted EPS of $7.40, up 34% from 2022. Strong demand in key end markets and effective management of operating performance drove the company's success.
Allison Transmission reported record fourth-quarter net sales of $775 million, an 8% increase year over year.
Full-year net sales reached a record $3.04 billion.
Fourth-quarter diluted EPS was $1.91, up 26% year over year.
Full-year diluted EPS increased by 34% to a record $7.40.
Allison
Allison
Allison Revenue by Segment
Forward Guidance
Allison expects 2024 Net Sales in the range of $3,050 to $3,150 million, Net Income in the range of $635 to $685 million, Adjusted EBITDA in the range of $1,070 to $1,130 million, Net Cash Provided by Operating Activities in the range of $700 to $760 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $575 to $625 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income