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 (NYSE: ALSN) has announced three significant updates: First, an 8% increase in quarterly dividend from $0.25 to $0.27 per share, payable March 14 to stockholders of record as of March 3. This marks the sixth consecutive year of dividend increases. Second, the Board approved a $1 billion increase to its stock repurchase authorization, bringing the total program to $5 billion. The repurchases can be made through open market or private transactions, subject to market conditions and corporate needs. Third, the company scheduled its 2025 annual stockholders meeting for May 7, with a March 10 record date.
According to COO and CFO Fred Bohley, these decisions reflect Allison's commitment to prudent balance sheet management and capital allocation, supported by strong financial performance and disciplined approach to capital structure.
Allison Transmission (NYSE: ALSN) reported record financial results for Q4 and full year 2024. The company achieved all-time high full year net sales of $3.2 billion, up 6% from 2023, and record diluted EPS of $8.31, increasing 12% year over year.
Key highlights include record full year net sales of $1.8 billion in North America On-Highway market, decade-high sales in Defense end market (+28%), and all-time high sales in Outside North America On-Highway market. Q4 net sales reached $796 million, with net income of $175 million.
The company returned value to shareholders through increased quarterly dividends, $250 million in stock repurchases (over 3% of outstanding shares), and $101 million debt reduction. For 2025, Allison projects net sales between $3,200-$3,300 million, driven by price increases, increased Tracked vehicle demand, and robust North America vocational demand.
Allison Transmission has secured a phase two contract with HST Otomotiv to supply X1100-5A4 cross-drive transmissions for Turkey's Next Generation T-155 Firtina Howitzer program. This contract extends their partnership following the successful delivery of 10 transmissions in 2024 under phase one. The new agreement includes 32 additional transmissions, with deliveries scheduled for Q1 2026.
The project is part of several growth opportunities expected to generate $100 million in incremental annual revenue in Allison's Defense segment. The total program is anticipated to produce 140-160 Firtina Howitzers for the Turkish Armed Forces. The X1100 transmission, designed for heavy tracked combat vehicles weighing 45-63 tons, features four forward ranges, two reverse ranges, and integrates steering and braking in a single unit.
Allison Transmission has announced the expansion of its TerraTran™ fully automatic transmission into the wide body mining dump (WBMD) market through a partnership with XCMG. The first series of 225 trucks equipped with TerraTran has been delivered to mining operations in Brazil.
TerraTran, an upgraded version of the Allison 4000 Series™, is specifically designed for global construction and mining markets. The transmission offers increased capabilities with up to 800 horsepower and support for up to 3,025 lbs./ft of torque. It features seven forward gears and two reverse gears, with hardened internal components for durability in harsh conditions.
The company is positioned as the only supplier offering a comprehensive transmission lineup for the mining segment, covering vehicles from 90T to 136T.
Allison Transmission has unveiled its new 6000 Series™ transmission for wide body dump (WBD) trucks at Bauma CHINA 2024. The 6625 WBD transmission, developed from the proven 6000 Off-Road Series™, supports vehicles with gross vehicle weight up to 136 metric tons.
The product launch represents Allison's strategic expansion in off-highway applications outside North America. The transmission has been field-tested in Indonesia, Vietnam, and Chile through partnerships with OEMs like Lingong Heavy Machinery Co. (LGMG).
The 6625 WBD features Allison's patented torque converter and Continuous Power Technology™, offering smooth starts and continuous power output. It includes advanced diagnostic capabilities for real-time monitoring and Shift Energy Management for transmission protection and reduced shift shocks.
Allison Transmission Holdings (NYSE: ALSN) has scheduled its fourth quarter and full year 2024 financial results conference call for Tuesday, February 11, 2025, at 5:00 p.m. EST. David S. Graziosi, Chair & CEO, and G. Frederick Bohley, COO, CFO & Treasurer, will present the company's financial performance.
The earnings release will be issued after market close on February 11. Investors can join via phone (+1-877-425-9470 for domestic, +1-201-389-0878 for international) or watch the live webcast at ir.allisontransmission.com. A replay will be available from 9:00 p.m. EST on February 11 until February 25, accessible through domestic (+1-844-512-2921) and international (+1-412-317-6671) numbers with passcode 13751140.
Allison Transmission has secured an $80.6 million contract for the Abrams Main Battle Tank Program for the 2025 program year. The contract involves providing upgraded and new X1100 cross-drive transmissions for the latest variants of Abrams tanks used by U.S. Army and Foreign Military Sales customers.
The agreement supports transmission demand at the Joint Systems Manufacturing Center (JSMC) in Lima, Ohio, for new tank manufacturing, and includes kits for overhaul and repair activities at Anniston Army Depot. The contract scope encompasses transmission repair kits, new transmissions, and upgraded units in the most current configuration, along with system technical support for maintaining essential drawings and technical data packages. Deliveries are scheduled for 2025.
Allison Transmission has declared a quarterly cash dividend of $0.25 per share on its common stock for Q3 2024. The dividend will be paid on November 27, 2024, to shareholders of record as of November 18, 2024. Future dividends will be determined by the Board of Directors based on the company's financial position, operational results, available cash, cash flow, capital requirements, and other relevant factors.
Allison Transmission reported record Q3 2024 results with net sales of $824 million, up 12% year-over-year. Net income reached $200 million, increasing 27%, while diluted EPS hit a quarterly record of $2.27, up 29%. Growth was driven by strong demand in North America On-Highway, Defense, and Outside North America markets. The company raised its full year 2024 guidance, with projected net sales of $3,135-$3,215 million and net income of $675-$725 million. Adjusted EBITDA for Q3 was $305 million, with net cash from operations at $246 million.
Allison Transmission and Ashok Leyland have partnered to introduce the first low-floor city buses with fully automatic transmissions in Tamil Nadu, India. The new buses feature Allison Torqmatic® Series transmissions and are designed to accommodate passengers with disabilities, replacing existing manual transmission buses. The Allison T 280 transmissions will be paired with Ashok Leyland's H-series diesel engine (184 kW/246 HP) and manufactured near Chennai. The buses will operate in major cities including Chennai, Madurai, and Coimbatore, reinforcing Allison's position as the market share leader in India's low-floor city bus segment.
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