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.
org value="NYSE:ALSN"Allison Transmission has announced its eGen Power® 130D e-Axle will be used in QUANTRON’s first hydrogen-powered fuel cell electric vehicle (FCEV), a heavy-duty truck designed for long-distance applications. This vehicle, which integrates advanced technology including two electric motors and a two-speed transmission, was unveiled at IAA in Hanover, Germany. With 54 kg of hydrogen storage and up to 700 km range, the vehicle demonstrates Allison’s commitment to sustainable transport solutions.
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.
Summary not available.
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.
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.