Welcome to our dedicated page for Allison Transmission Hldgs news (Ticker: ALSN), a resource for investors and traders seeking the latest updates and insights on Allison Transmission Hldgs stock.
Allison Transmission Holdings, Inc. (NYSE: ALSN) generates a steady flow of news tied to its role as a designer and manufacturer of propulsion solutions for commercial and defense vehicles and as the largest global manufacturer of medium- and heavy-duty fully automatic transmissions. The ALSN news page on Stock Titan aggregates company announcements, market updates and regulatory disclosures so readers can follow developments that affect Allison Transmission stock and its operations.
Recent press releases highlight several key themes in Allison’s news flow. Strategic transactions feature prominently, including the completed acquisition of Dana Incorporated’s Off-Highway Drive & Motion Systems business, which the company describes as creating a broader platform for commercial duty mobility and work solutions across infrastructure, mining, energy, agriculture, construction, transportation and national security. Financing activities, such as the pricing and issuance of senior notes and amendments to credit facilities, are also covered, providing insight into how Allison funds acquisitions and other corporate purposes.
Operational and market updates are another important category of ALSN news. Earnings releases discuss segment-level performance across end markets like North America On-Highway, Global Off-Highway and Defense, while separate announcements describe growth initiatives in regions such as India, where Allison is expanding its presence in defense, mining and energy applications. Defense-focused releases detail contracts and partnerships related to cross-drive transmissions for tracked vehicles and the expansion of authorized service networks to support military fleets.
Investors and industry followers can use the Allison Transmission news feed to monitor dividends, capital allocation decisions, international partnerships, defense contracts and integration progress related to acquisitions. By reviewing these updates in one place, readers gain context on how Allison’s strategic moves, regional initiatives and financial decisions may influence ALSN stock and the company’s position in commercial and defense propulsion markets over time.
Allison Transmission Holdings Inc. (NYSE: ALSN) has announced its first quarter 2023 financial results conference call scheduled for 5:00 p.m. EDT on April 27, 2023. Chairman and CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. The press release with the financial results will be available after market close on the same day. Participants can join the conference call via dial-in or through a live webcast at ir.allisontransmission.com. A replay will be accessible from 9:00 p.m. EDT on April 27 until 11:59 p.m. EDT on May 11, 2023. Allison Transmission is recognized as a leader in vehicle propulsion solutions and is headquartered in Indianapolis, Indiana, with a global presence in over 150 countries.
Allison Transmission has expanded its partnership with SANY by signing a Letter of Intent to supply its Allison 4000 Series™ transmission for the SKT105 wide body mining dump truck in the Indian market. This collaboration marks SANY as the first OEM to manufacture WBMD trucks outside of China, creating an opportunity worth $100 million in annual revenue for Allison. The Allison 4000 Series transmission is specifically designed for harsh mining environments, enhancing vehicle performance and productivity. This partnership aims to leverage joint success in the Chinese market to foster innovation and growth in India.
Allison Transmission has secured a follow-on contract from the U.S. Army for its Allison 2500 Specialty Series™ transmission for the JLTV A2 version. This follows the successful use of over 19,000 units since 2015. The contract was awarded on February 9, 2023, with deliveries expected in approximately 18 months. The Army's acquisition plan anticipates over 55,000 JLTV A1 & A2 vehicles over the next 20 years, with international orders expanding the market. The company emphasizes fuel efficiency and combat effectiveness, marking continued confidence in its products.
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.