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 has announced the launch of the TerraTran, a new propulsion solution designed for the construction and mining markets. This product is a variant of the proven 4000 Series transmission, offering enhanced horsepower of up to 800 and torque capability of 3,025 lbs./ft.. TerraTran features seven forward and two reverse speeds, enhancing productivity and efficiency. The initial application will be in partnership with Xuzhou Construction Machinery Group for their all-terrain cranes. This collaboration emphasizes Allison's commitment to leveraging over 65 years of industry experience.
Allison Transmission Holdings Inc. (NYSE: ALSN) will announce its second quarter 2021 financial results in a conference call scheduled for July 29 at 8:00 a.m. ET. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's performance. The results will be released post-market on July 28. The conference call can be accessed via phone or through a live webcast. A replay will also be available from July 29 till August 5. Allison is a leader in vehicle propulsion solutions, with a strong global presence and a diverse range of products.
Allison Transmission, in collaboration with Cummins and GILLIG, has delivered 24 electric hybrid buses to IndyGo, enhancing public transport in Indianapolis. The H 40 EPTM system improves fuel consumption by up to 25% compared to diesel buses, while the upcoming eGen Flex™ system will enable full electric operation for up to 10 miles. This initiative aligns with IndyGo's goal of achieving a near-zero emission fleet, reducing CO2 emissions, and enhancing passenger experiences.
Allison Transmission has unveiled the FracTran, a new hydraulic fracturing transmission designed specifically for the fracturing industry. With a rating of 3,300 horsepower and 10,000 lb.-ft. of input torque, it can reach 3,500 horsepower without hardware changes. The FracTran promises high reliability, with a service life of up to 25,000 hours and reduced ownership costs. Supported by over 1,400 service centers, Allison aims to meet evolving industry demands while promoting sustainability and profitability. Production is set to begin in 2023.
Allison Transmission received the Legacy Award from the American Lung Association in Indiana during the Evening of Promise Gala. This award recognizes Allison's commitment to creating a healthy work environment and producing innovative, eco-friendly solutions. Over the past three years, the company has invested $250 million in electric hybrid and fully electric propulsion technologies, reducing over 3.4 million metric tons of CO2 emissions. Their eGen FlexTM system offers up to 10 miles of electric range, contributing significantly to fuel efficiency and cleaner air.
Randall R. Kirk, Senior VP of Product Engineering & Planning at Allison Transmission (NYSE: ALSN), is retiring on August 6, 2021, after 45 years of service. Kirk played a critical role in product innovation and development, significantly contributing to Allison's growth in on-highway, off-highway, and defense markets. He led initiatives that enhanced the company's product portfolio and spearheaded investments in advanced technology facilities to improve product development. His leadership has been pivotal in positioning Allison for future success.
Allison Transmission announces its collaboration with Caterpillar Defense, FNSS, and PT Pindad for the production of the Harimau medium tank for the Indonesian Armed Forces. With plans to manufacture 200 to 400 units, the Harimau is designed for Asia's challenging terrains, enhancing Indonesia's mechanized forces. This initiative is part of Indonesia's modernization efforts and utilizes Allison's advanced cross-drive transmission technology. The company emphasizes its commitment to providing reliable propulsion systems for defense vehicles worldwide, as it continues to support global military requirements.
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.