Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission Holdings has declared a cash dividend of $0.19 per share for Q2 2021, payable on May 28, 2021. This dividend will benefit shareholders of record as of May 17, 2021. Future dividends will depend on the company's financial health and operational results. Allison Transmission is a leading manufacturer of automatic transmissions for commercial and defense vehicles, with operations in over 80 countries.

Allison Transmission Holdings reported Q1 2021 net sales of $588 million, an 8% decrease year-over-year but a 10% increase from Q4 2020. The net income for the quarter was $120 million, a decline from $139 million in Q1 2020. Diluted EPS was $1.07, with Adjusted EBITDA at $222 million. The company raised its 2021 net sales guidance to $2,325-$2,475 million, citing improved customer demand and planned investments in R&D. Gross profit fell to $291 million, indicating a decrease due to lower net sales and material costs.

Allison Transmission is set to feature on Military Makeover Operation Career on Lifetime TV, highlighting its commitment to supporting military veterans transitioning to civilian life. The episodes, airing on April 29 and May 7, showcase the success stories of veterans employed at Allison, a company with a longstanding history of partnership with the U.S. military. The recruitment initiative aims to create job opportunities for around 200,000 service members each year, leveraging their unique skills within the company.

Allison Transmission and Cummins have received annual certification from the California Air Resources Board for the 2021 Allison Hybrid 40/50 Electric Propulsion system with Cummins B6.7 and L9 diesel-electric hybrid engines. The certification is vital for compliance in transit buses, enhancing eco-friendliness by reducing emissions and improving fuel economy by up to 25%. Notably, the H 40/50 EP system includes a regenerative braking feature that can lengthen brake change intervals by 350%, lowering maintenance costs. The companies aim to focus on 2022 certification for the eGen Flex electric hybrid propulsion solution.

Allison Transmission and Emergency One (UK) Ltd have entered a strategic Memorandum of Understanding to integrate the Allison eGen Power™ 100D electric axle into Emergency One’s fire rescue vehicles. This collaboration builds on their existing relationship, with 90% of Emergency One's units already equipped with Allison’s automatic transmissions. The eGen Power 100D offers 536 continuous horsepower and a peak of 738 horsepower, enhancing vehicle performance and safety while reducing emissions. This partnership aims to deliver reliable electric solutions meeting and exceeding operational standards.

Allison Transmission has announced the launch of its eGen Flex electric hybrid propulsion solution at New York City Transit (NYCT) in May. This innovative system enables fully electric propulsion for up to 10 miles and improves fuel economy by up to 25% compared to traditional diesel buses. The eGen Flex aims to reduce emissions and fossil fuel dependency while enhancing performance and reliability for transit fleets. With over 2,500 NYCT buses equipped with Allison solutions, the partnership focuses on advancing sustainable transportation technologies for better environmental impact.

Allison Transmission has published its inaugural Environmental, Social and Governance (ESG) Report, aiming to provide transparency regarding its environmental performance and social impact. The report underscores Allison's dedication to corporate citizenship, highlighting investments of approximately $250 million in electric hybrid and fully electric propulsion technology over the last three years. Allison's eGen Flex^TM system enhances fuel economy by up to 25% compared to diesel buses. The report includes initiatives for workplace inclusion and diversity, along with a commitment to improving community welfare.

Allison Transmission Holdings Inc. (NYSE:ALSN) announced its upcoming first quarter 2021 financial results conference call scheduled for April 28 at 5:00 p.m. ET. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. The results will be released post-market on the same day. Investors can join via phone or through a live webcast on the company's IR website. A replay of the call will be available from April 28, 8:00 p.m. ET, to May 5, 11:59 p.m. ET.

Allison Transmission Holdings (NYSE: ALSN), a leader in vehicle propulsion solutions, announced that David S. Graziosi, President & CEO, and G. Frederick Bohley, CFO, will present at the Bank of America Global Industrials Conference on March 16. The presentation is scheduled for 1:10 p.m. GMT (9:10 a.m. EDT) and will be accessible via webcast on Allison's website. The company, founded in 1915 and headquartered in Indianapolis, is the largest global manufacturer of fully automatic transmissions for medium- and heavy-duty vehicles, with a presence in over 80 countries.