Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission Holdings Inc. (NYSE: ALSN) announced that G. Frederick Bohley and Jacalyn Bolles will present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 4:00 p.m. EST. The conference will take place at JW Marriott Orlando, Grande Lakes. Presentation materials and a webcast will be accessible on the Allison Transmission website, with a replay available for 12 months. Allison Transmission is a leader in designing and manufacturing vehicle propulsion solutions and the largest producer of fully automatic transmissions for commercial and defense vehicles, operating globally since 1915.

Allison Transmission Holdings Inc. (NYSE: ALSN) announced a quarterly dividend increase from $0.21 to $0.23 per share, payable on March 17 for shareholders on record by March 6. This marks the fourth consecutive year of dividend increases, reflecting the company's strong financial performance and commitment to capital allocation. The Board of Directors retains discretion over future dividend payments based on various financial factors. Additionally, the annual meeting for stockholders is scheduled for May 3, with a record date also set for March 6.

Allison Transmission Holdings reported record full-year net sales of $2.769 billion, a 15% increase from 2021, and a diluted EPS of $5.53, up 34%. The fourth quarter showed a net sales rise of 11% to $718 million with a diluted EPS of $1.52, up 32%. Strong customer demand in North America and international markets, particularly in vocational trucks and defense, fueled growth. The company repurchased $279 million of its common stock, representing 8% of outstanding shares. For 2023, Allison anticipates net sales between $2.825 billion and $2.925 billion, reflecting continued growth initiatives.

Allison Transmission announced that its 4000 Specialty Series transmissions are included in the U.S. Army's Common Tactical Truck (CTT) prototype vehicle phase. This initiative aims to replace the aging fleet of heavy tactical wheeled vehicles, with initial production expected by 2027. The company emphasizes its commitment to leveraging advancements in commercial vehicle technology to offer reliable and efficient solutions for defense customers. Their FuelSense® 2.0 technology promises up to 6% fuel savings and reduced CO₂ emissions. Allison's transmissions are already widely used in the Department of Defense’s tactical trucks.

Allison Transmission has announced that its 3414 Regional Haul Series™ is now available for order in Daimler Truck North America's Class 8 Freightliner Cascadia Day Cab trucks equipped with the Cummins ISX12N engine.

This fully automatic transmission improves fuel economy by up to 8% compared to the Allison 3000 Highway Series™ and offers 25% faster acceleration than competing automated manual transmissions. It aims to enhance vehicle handling and reduce emissions and engine noise levels, thus optimizing fleet productivity.

Allison’s innovations support customer goals to maximize payload efficiency while maintaining superior performance.

EnerDel and Allison Transmission have renewed their strategic partnership, naming EnerDel's Vigor+ battery pack as an approved OEM replacement. The Vigor+ pack is compliant with the Buy America Act and is compatible with the Allison Hybrid H 40/H 50 EP™ system for electric hybrid buses globally. This renewed agreement lasts for five more years, further establishing EnerDel as a key player in the lithium-ion energy storage market for transit companies looking to upgrade fleets. The Vigor+ pack is now available with options for long-term service agreements and extended warranties.

Allison Transmission Holdings Inc. (NYSE: ALSN) announced it will hold its fourth quarter and full year 2022 financial results conference call on February 15, 2023, at 5:00 p.m. EDT. Chairman and CEO David S. Graziosi, along with CFO G. Frederick Bohley, will discuss the company's financial performance. The news release with the financial results will be published after the market closes on the same day. Interested parties can join via telephone or listen to a live webcast at ir.allisontransmission.com. A replay of the call will be available from 9:00 p.m. EDT on February 15 until 11:59 p.m. EDT on February 22.

All Top 10 trucks in the 2023 Dakar Rally were equipped with Allison fully automatic transmissions. Team De Rooy emerged victorious with their Allison-equipped truck, starting from the Red Sea and concluding in Dammam, Saudi Arabia, covering a distance of 8,549 kilometers. The rally showcased extreme conditions, with Allison's 4000 Series transmissions demonstrating superior reliability and performance across challenging terrains. Gerard De Rooy praised the team's success, highlighting the importance of the transmission in achieving high speeds and power delivery. Allison continues to lead in providing robust propulsion solutions for commercial and defense vehicles.

Allison Transmission has partnered with Larsen and Toubro (L&T) to provide the 3040 MX™ propulsion solution for the Indian Army's Futuristic Infantry Combat Vehicle (FICV) prototype. The Indian Army plans to procure approximately 1,750 FICVs over the next two decades, which will replace aging BMP-1 and BMP-2 vehicles. Allison will oversee the design, development, and testing of the 3040 MX through 2024. This collaboration is part of India's Make in India program aimed at modernization. The 3040 MX is also utilized in the U.S. Army's Mobile Protected Firepower Light Tank.