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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 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.
Allison Transmission has announced a significant expansion of its Chennai, India manufacturing facility through a $100-million investment. The project will double the facility's footprint with a 200,000 square-foot expansion, scheduled for completion in 2025 and full operational capacity by 2027. The expansion aims to increase production capacity for the company's on-highway fully automatic transmission portfolio, responding to growing global demand and enhancing operational flexibility.
Allison Transmission reports significant expansion in global Defense market share through multiple program wins for wheeled defense vehicles outside North America. The company secured contracts for its Specialty Series™ (SP) transmission with several defense programs including: Canadian Department of National Defence's Mercedes-Benz Zetros vehicles, British Ministry of Defence's Boxer armored vehicle program, German Federal Armed Forces' Boxer vehicles, Polish Bóbr-3 Light Armored Reconnaissance Carriers, and Romanian MoD's defense logistic platforms. Production and deliveries for various programs are scheduled to begin in 2025, with some contracts extending to 2035.
Allison Ventures, the venture capital arm of Allison Transmission, has made a strategic investment in Agtonomy, a software and services company specializing in AI-enabled automation for agriculture and land maintenance. Founded in 2021, Agtonomy integrates its technology into tractors and equipment, creating digitally controlled systems that prioritize safety, profitability, and sustainability.
Agtonomy's innovative teleguidance application allows a single user to monitor and control a fleet, reducing labor costs and increasing productivity for farmers. The investment will help Agtonomy expand its pilot program geographically and across more vehicle platforms. This partnership aligns with Allison's investment goals and commitment to fostering innovation in strategic domains.