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 (NYSE: ALSN) reported third quarter net sales of $710 million, a 25% increase year over year, driven by strong customer demand despite supply chain challenges. Diluted EPS rose 63% to $1.45. Notable performance included record sales in Outside North America On-Highway markets, with net sales up 27%. The company repurchased $109 million of stock and paid a $0.21 dividend. 2022 guidance for net sales raised to $2.69 billion to $2.74 billion, reflecting ongoing demand and growth initiatives.
Allison Transmission has established an 80% market share in agricultural sprayer transmissions in Argentina and has expanded into Brazil. This growth aligns with Allison's strategy to achieve double-digit annual net sales growth in the Outside North America On-Highway market. The agriculture sector in Brazil represents 27% of its GDP, making it a strategic focus. Key partnerships with OEMs like Caiman and Metalfor have led to repeat orders due to the high performance of Allison's 2500 and 3000 Series™ transmissions.
Allison Transmission has been named the exclusive provider of transmissions for Xuzhou Construction Machinery Group's (XCMG) latest all-terrain cranes, marking significant growth opportunities outside North America. The partnership has thrived for over a decade, with the Allison 4970 Specialty Series™ transmission delivering outstanding performance in XCMG's cranes since its integration in July 2022. This collaboration is set to enhance productivity in infrastructure projects globally, showcasing Allison's commitment to customer-driven innovation and technology advancements.
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Allison Transmission announced that Jackie Bolles has been appointed as Executive Director of Treasury and Investor Relations, effective October 17. Bolles brings over a decade of experience at Allison, where she previously served as executive director, deputy general counsel, and chief compliance officer. In her new role, she will manage investor relations and oversee cash management and forecasting activities, strengthening the company's financial strategies and communications with stakeholders.
Allison Transmission (NYSE: ALSN) has launched the eGen Force™ electric hybrid propulsion system for tracked combat vehicles, specifically designed for the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV) program. This system is suitable for 50-ton vehicles and scalable to 70 tons for future Main Battle Tank needs. It integrates an electric motor and inverter for enhanced mobility and soldier survivability. With established components from the Abrams Main Battle Tank, the eGen Force demonstrates a high efficiency range and significant electrical power generation. Testing is set to progress in 2023.
Allison Transmission Holdings (NYSE: ALSN) will hold its third quarter 2022 financial results conference call on October 26, 2022 at 5:00 p.m. EDT. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company’s performance. Financial results will be released post-market on the same day. Investors can dial in at 1-877-425-9470 or access a live webcast at ir.allisontransmission.com. A replay will be available from 8:00 p.m. EDT on October 26 until 11:59 p.m. EDT on November 2.
Allison Transmission (NYSE: ALSN) announced the introduction of the Isuzu FVR 18.5T truck, which is equipped with the Allison 3000 Series™ 6-speed fully automatic transmission. This new medium-duty truck was launched in Taiwan, aimed at enhancing pickup and delivery capabilities in urban environments. Designed for compliance with Euro 6 emission standards, the FVR 18.5T features multiple wheelbase options, improved fuel efficiency, and offers flexibility for various utility applications. The collaboration is expected to provide significant economic value to fleet operators in Taiwan.
Allison Transmission has unveiled the eGen Power® 130S at IAA Transportation in Hanover, Germany. This new fully electric axle is designed for commercial vehicles in Europe and Asia Pacific, supporting a 13-ton gross axle weight rating. Key features include a single motor producing 225 kilowatts of continuous power, a peak of 325 kilowatts, and 26,000 newton meters of torque. The 130S features a two-speed gear architecture and 100% regenerative braking. This launch expands Allison's eGen Power family aimed at meeting diverse customer demands in the electrification landscape.
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.