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 Holdings reported fourth quarter net sales of $535 million, a 13% decrease from 2019 but a $3 million increase from Q3 2020. Net income was $60 million, with diluted EPS at $0.53. Adjusted EBITDA decreased to $186 million, while adjusted free cash flow increased to $128 million. The company highlighted ongoing economic recovery and aggressive cost management. A 12% increase in quarterly dividends was approved, raising it from $0.17 to $0.19 per share. For 2021, net sales are projected between $2.265 billion and $2.415 billion, with net income guidance of $375 to $445 million.
Allison Transmission has announced a collaboration with American Rheinmetall Vehicles (ARV) to supply the Next-Generation Electrified Transmission (NGET) for the Lynx vehicle, a contender for the U.S. Army's Optionally Manned Fighting Vehicle (OMFV) program. This program aims to replace over 3,800 Bradley Infantry Fighting Vehicles, with design phases continuing through early 2023 and government testing expected to start in 2026. The NGET is designed for various applications and emphasizes reduced enemy detection and improved soldier survivability.
Allison Transmission Holdings Inc. (NYSE: ALSN) announced that Lawrence E. Dewey will not stand for re-election at the 2021 annual meeting of stockholders. Dewey has been a board member since 2007, having transitioned from CEO to Chairman. David S. Graziosi, current CEO, will succeed Dewey as Chairman after the meeting. Dewey, who retired as CEO in 2018, has played a pivotal role in Allison's evolution into an independent public company. The board expressed gratitude for Dewey's leadership and looks forward to supporting Graziosi as he transitions into his new role.
Allison Transmission Holdings announced a quarterly dividend increase from $0.17 to $0.19 per share, payable on March 5. The cash dividend is for stockholders of record as of February 22. The board's decisions on future dividends will consider the company's financial health and cash flow. Additionally, the annual stockholders' meeting is scheduled for May 5, with a record date of March 8. The company specializes in fully automatic transmissions for commercial and defense vehicles, with a broad market presence across 80 countries.
Since its acquisition by Allison Transmission in 2019, Walker Die Casting has significantly upgraded its operations with a major investment aimed at expanding manufacturing capabilities and solutions. The facility, spanning approximately 800,000 ft2, now includes advanced machinery, such as seven new machining centers and two large die cast machines. In 2020, Walker shipped over 40 million pounds of castings made from 100% recycled aluminum, serving leading OEMs across various industries. The company's innovative practices have solidified its reputation for delivering high-quality die castings.
Allison Transmission has partnered with GILLIG to introduce the eGen Flex electric hybrid propulsion system for heavy-duty transit buses starting in 2021. This system is designed to enhance fuel economy by up to 25% compared to conventional diesel buses while supporting electric operation for up to 10 miles. The eGen Flex aims to offer efficient public transport solutions with reduced emissions and lower maintenance costs. GILLIG's initial order for these buses comes from IndyGo, the Indianapolis Transportation Corporation. Since 2003, Allison has delivered over 9,000 electric hybrid systems globally.
The U.S. Army has chosen Allison Transmission to advance the engineering of the X1100-3B1 transmission for the Abrams tank, focusing on improving speed, cruising range, and durability. This initiative continues the ongoing enhancements made to the Abrams since its introduction in the 1980s and underscores the long-standing partnership between the Army and Allison. Dana Pittard, the VP for Defense Programs at Allison, emphasized the company's commitment to delivering reliable powertrain solutions that meet military needs. Allison Transmission is a leader in fully automatic transmissions for commercial and defense vehicles.
Allison Transmission Holdings (NYSE: ALSN) will announce its fourth quarter and full year 2020 financial results on February 18 at 8:00 a.m. ET. The call will be led by CEO David S. Graziosi and CFO G. Frederick Bohley. The financial results press release will be issued after market close on February 17. Interested parties can join the call using a dial-in number or via a live webcast. A replay of the call will be accessible from February 18 to February 25, using designated numbers.
Allison Transmission has been awarded the prestigious 2019 Master of Quality Award from Daimler Trucks of North America (DTNA) for the fourth time. This accolade acknowledges exceptional suppliers based on quality, delivery, technology, and cost performance. Ken Pyne from DTNA commended Allison for prioritizing quality, while Rohan Barua, VP of North America OEM Sales, highlighted their commitment to high standards. DTNA is a major customer for Allison, supplying leading heavy-duty truck brands like Freightliner and Western Star.
Allison Transmission announces the delivery of the autonomous NTR100A rigid dump truck, equipped with the Allison 8610 Off Road Series™ fully automatic transmission, enhancing driverless technology in China's mining sector. This truck features two control modes and is powered by a Cummins QST30 engine with 783kW output. With 20 units delivered to Conch Cement, the trucks aim to address driver shortages and improve operational safety. Allison's transmission technology promises durability, optimal performance, and better fuel efficiency for mining operations.
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