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Allison Transmission Holdings, Inc. reports news on high-performance mobility and work solutions for commercial, off-highway and defense applications. The company manufactures fully automatic transmissions and related drive and motion systems used across transportation, infrastructure, mining, energy, agriculture, construction and national security markets.
Recurring Allison news includes quarterly and annual earnings, demand by end market, dividend and share-repurchase actions, product integrations with commercial vehicle manufacturers, and updates tied to its Allison Transmission and Allison Off-Highway Drive & Motion Systems business units. Following the completed acquisition of Dana's Off-Highway business, company updates also address integration, segment reporting and the expanded off-highway product portfolio.
Allison Transmission (NYSE: ALSN) will host a virtual Technology Day on October 6, 2021, at 10:00 AM ET. The event will highlight the company's commitment to innovation and discuss strategies for its conventional and electrified vehicle propulsion solutions. Key topics include opportunities in the commercial EV sector, differentiated EV technology, and global market trends. Presentations will be led by various executives, followed by a live Q&A. For registration, visit here.
Allison Transmission (NYSE: ALSN) has expanded its Vehicle Environmental Test Center, now known as the Vehicle Electrification and Environmental Test Center (VE+ET). Located in Indianapolis, this facility is the only one of its kind in the Midwest, offering unique capabilities for vehicle electrification testing. The center supports the development of electric vehicle technologies and can simulate various environmental conditions. Recent enhancements include a focus on larger battery electric vehicle testing, up to 900 volts DC, and commercial fast charging capabilities at 150 kilowatts.
Allison Transmission (NYSE: ALSN) has partnered with Hino Trucks to develop e-Axles for Class 6, 7, and 8 Battery Electric Vehicle (BEV) trucks, formalized through a Joint Collaboration Agreement. This partnership builds on their existing relationship in conventional transmission solutions. The eGen Power 100S will be first integrated into Hino's trucks, enhancing their electric vehicle offerings. The eGen Power product line is designed for high reliability and efficiency, boosting Allison's presence in the commercial vehicle market.
Allison Transmission has unveiled its new eGen Power 100S and 130D e-Axles, enhancing its electric propulsion portfolio for medium and heavy-duty vehicles. The eGen Power 100S features a single motor generating 212 kilowatts continuously, while the 130D variant targets European and Asia Pacific markets with a 13-tonne axle rating. Both models aim to meet diverse market needs, integrating advanced technology like a two-speed gearbox and regenerative braking. These products promise maintenance-free operation, enhancing total cost of ownership.
Allison Transmission (NYSE: ALSN) announces the integration of its H 40 EP™ electric hybrid propulsion system into San Francisco's Muni buses, in collaboration with ElDorado National. This system is designed to reduce diesel fuel consumption by up to 25% and lower CO2 emissions. SFMTA has contracted ElDorado for 30 hybrid buses equipped with this technology, expected for delivery in Q2 2022. Allison has already deployed over 9,000 hybrid propulsion systems globally, saving significant fuel and reducing carbon emissions over 2.9 billion miles of operation.
Allison Transmission Holdings (NYSE: ALSN) has declared a cash dividend of $0.19 per share for Q3 2021, payable on August 27, 2021 to stockholders on record as of August 16, 2021. Future dividends will be determined by the Board based on the company's financial health, cash flow, and other relevant factors. Allison specializes in automatic transmissions and electrified propulsion systems, serving diverse applications in commercial and defense vehicles across over 150 countries.
Allison Transmission has appointed JK Pareek as the new Vice President of Information Systems and Services (IS&S) and Chief Information Officer. Pareek will spearhead the development and implementation of IT strategies aligned with business objectives while ensuring security and optimal ROI. He previously served as CIO for Nidec Motor Corporation and has extensive IT leadership experience at SunEdison, MEMC, and Texas Instruments. Allison Transmission, a leader in vehicle propulsion solutions, operates globally with facilities in the USA, Hungary, and India.
Allison Transmission Holdings reported a 60% increase in net sales for Q2 2021, totaling $603 million, driven by a recovery in customer demand across various markets. North America On-Highway sales rose by 84%, while Outside North America On-Highway saw a 63% increase. Net income surged to $110 million with diluted EPS at $1.01. Adjusted EBITDA reached $213 million, up 85% year-over-year. The company reaffirmed its full-year guidance amid ongoing global supply challenges. Share repurchases amounted to $130 million, representing 3% of outstanding shares.
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.