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) drives innovation in commercial vehicle propulsion systems as the global leader in automatic transmissions. This page serves as the definitive source for verified corporate announcements, operational developments, and strategic updates.
Access real-time information on product launches, financial results, and technological advancements shaping the future of medium- and heavy-duty transportation. Our curated news collection helps investors and industry professionals track ALSN's progress in hybrid systems, defense vehicle solutions, and global manufacturing expansions.
Key updates include earnings reports, partnership announcements with major vehicle manufacturers, and innovations in electric-hybrid drivetrain technology. All content is sourced directly from company releases and reputable financial publications to ensure accuracy.
Bookmark this page for streamlined access to critical updates about Allison Transmission's market leadership in commercial and defense vehicle transmissions. Check regularly for insights into their expanding role in sustainable transportation solutions.
Allison Transmission has entered a strategic agreement with Anadolu Isuzu to integrate its eGen Power® 100S electric axles into light-duty truck and midibus platforms. This collaboration aims to enhance vehicle performance, lower emissions, and support public transportation initiatives. The eGen Power 100S offers a continuous power output of 304 hp and peak power of 437 hp, making it a robust solution in its category. This partnership continues their decade-long relationship and aligns with European emission reduction efforts.
Allison Transmission announced a significant contract with the Santa Clara Valley Transportation Authority (VTA) for the supply of buses featuring the eGen Flex™ electric hybrid propulsion system. This order represents the largest to date for the eGen Flex, capable of reducing fuel consumption by up to 25% compared to conventional diesel buses. The system can operate in electric-only mode for up to 10 miles or 50 minutes multiple times daily, supporting sustainable transit initiatives. This partnership highlights Allison’s commitment to providing eco-friendly transportation solutions.
Allison Transmission announces the launch of hydrogen fuel cell and CNG testing at its Vehicle Electrification + Environmental Test Center in Indianapolis. This expansion facilitates external customer test programs for various vehicle propulsion types, including battery electric and hydrogen fuel cells. The facility, unique in the Midwest, enhances Allison's role in alternative fuel vehicle development aimed at emissions reduction. Notably, the center has completed the testing of its first hydrogen fuel cell vehicle, supporting ongoing projects with multiple OEM partners.
Allison Transmission has secured a $6.55 million contract from the U.S. Army to develop an electric hybrid sub-system for its Next Generation Electrified Transmission, aimed at enhancing armored combat vehicles. This technology will improve mobility and fuel efficiency while reducing thermal and acoustic signatures. The transmission is designed for various applications, including the Army’s Optionally Manned Fighting Vehicle (OMFV) program, which is set to replace aging Bradley vehicles. This collaboration underscores Allison's commitment to defense modernization and innovative propulsion solutions.
Allison Transmission Holdings Inc. (NYSE: ALSN) announced significant changes to its Board of Directors, including the appointment of Richard P. Lavin as Lead Independent Director, succeeding Thomas W. Rabaut. Four new independent directors—Philip J. Christman, Sasha Ostojic, Gustave F. Perna, and Krishna Shivram—are appointed, while four directors retire. This Board refreshment aims to enhance the skills and perspectives crucial for Allison's growth and transition to zero-emission vehicles.
Allison Transmission (NYSE: ALSN) declared a cash dividend of $0.21 per share for Q3 2022. The payment date is set for August 31, 2022, with a record date of August 22, 2022. Future dividends will depend on the company's financial situation, operational results, cash flow, and capital needs, as determined by the Board of Directors.
Allison Transmission specializes in propulsion solutions for both commercial and defense vehicles and is globally recognized for its automatic transmissions.
Allison Transmission Holdings reported net sales of $664 million for Q2 2022, up 10% year-over-year, driven by price increases and strong customer demand despite supply chain challenges. Diluted EPS rose 25% to $1.26. The company affirmed its 2022 financial guidance with a projected net sales range of $2.65 to $2.75 billion. Net income for the quarter was $122 million, reflecting an increase from $110 million in Q2 2021. Adjusted EBITDA improved by $14 million to $227 million. Share repurchases totaled $34 million in Q2.
Allison Transmission has announced the successful implementation of its award-winning 3414 Regional Haul Series (RHS) transmission in three of North America's five largest private fleets, comprising approximately 25,000 tractors. This development is attributed to Allison's consistent investment in the 3414 RHS, representing a potential $100 million in annual revenue. Two major food distributors have adopted this technology, highlighting its efficiency in reducing fuel consumption and emissions. The 3414 RHS offers up to 8% better fuel economy and faster acceleration, enhancing fleet productivity.
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