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 (ALSN) generates news across multiple commercial vehicle segments, from defense contracts and municipal fleet orders to hybrid-propulsion system deployments and manufacturing expansion announcements. As the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, the company's developments influence transit agencies, construction fleets, refuse haulers, and defense procurement programs worldwide.
This news feed tracks Allison's business developments across its core revenue streams: transmission sales to original equipment manufacturers, aftermarket parts distribution, and hybrid system deployments in public transit. Coverage includes government contract awards for military vehicle transmissions, new product introductions for commercial applications, quarterly earnings reports detailing segment performance, and expansion of the company's global manufacturing and distribution network.
Investors monitoring ALSN follow news related to commercial vehicle production cycles, infrastructure spending that drives demand for construction and municipal equipment, transit agency funding for bus purchases, and defense budgets affecting military procurement. Product announcements showcasing new transmission models paired with truck manufacturers, hybrid-propulsion system adoptions by transit agencies, and international market expansion provide insights into the company's competitive positioning across its diverse application segments.
Track Allison Transmission news to monitor quarterly dividend declarations, material events through SEC filings, strategic acquisitions expanding product capabilities, and partnerships with vehicle manufacturers integrating Allison transmissions into new platforms. The company's global presence means developments in North American refuse markets, European emission regulations, Asian infrastructure projects, and defense programs all generate material news affecting the business outlook.
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.
Allison Transmission (NYSE: ALSN) reports strong demand for its eGen Flex™ electric hybrid propulsion system, with multiple public transit agencies in the Midwest, including IndyGo and the Metropolitan Evansville Transit System, opting for the technology. The eGen Flex system allows buses to operate in electric-only mode for up to 10 miles, significantly reducing carbon emissions. The company highlights its commitment to sustainability and improved public transportation. Allison’s innovations have led to over 3 billion miles of operation and significant diesel fuel savings since 2003.
Allison Transmission, a leader in automatic transmissions, will supply its 3040 MX transmission for the U.S. Army's Mobile Protected Firepower (MPF) vehicle, marking the Army's first new armored combat vehicle in over 40 years. This initiative is part of the Army's modernization efforts, expecting to buy over 500 MPF vehicles by 2035, potentially generating around $250 million in revenue for Allison. The 3040 MX will enhance the vehicle's mobility and soldier protection, reinforcing Allison's long-standing collaboration with the U.S. Department of Defense.
Allison Transmission has announced the integration of its new FracTran® into the operations of Calfrac Well Services Ltd., a major hydraulic fracturing company. The FracTran, designed for high reliability and efficiency, can operate with dual fuel engines and offers up to 3,500 horsepower without hardware modifications. Its features include eight gear ranges and advanced diagnostics, which enhance performance in demanding conditions. Calfrac's initial experience has shown improved productivity with this equipment, indicating its potential to deliver significant operational benefits.
Allison Transmission Holdings Inc. (NYSE: ALSN) will announce its second quarter 2022 financial results during a conference call on August 3, 2022, at 5:00 p.m. ET. The conference will be hosted by CEO David S. Graziosi and CFO G. Frederick Bohley, following the release of financial results post-market on the same day. Interested parties can join the call at 1-877-425-9470 or listen via webcast. A replay will be available until August 10, 2022.
The U.S. Army has selected Allison Transmission to modernize its M88A3 HERCULES Recovery Vehicle with the X1100TM-5B propulsion solution. This initiative involves over $37 million allocated for engineering, development, and testing through 2023. The transition to production is anticipated in early 2024, enhancing the recovery capability for the Army's heavy tracked vehicles. This collaboration underscores Allison's longstanding partnership with the Army, focusing on delivering advanced and reliable propulsion solutions since 1946.
Allison Transmission announced the integration of its eGen Power 100D electric axle into Emergency One's E1 EV0 fire engine, unveiled at Interschutz 2022 in Hanover, Germany. This marks the first all-electric pumping vehicle certified to BS EN1846 standards in the UK. The eGen Power 100D offers continuous output of 454 kW and peak output of 652 kW, enhancing efficiency, acceleration, and maneuverability for fire and rescue operations. The vehicle has already been sold to the Scottish Fire and Rescue Service, expected to be operational by early 2023.
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