Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission, through its collaboration with Foton, is exporting 400 compressed natural gas (CNG) buses to Nuevo Leon, Mexico, as part of the state's public transportation modernization. The partnership has contributed to double-digit growth in export bus sales for Allison in China last year. The buses are designed to enhance fuel efficiency and lower emissions, featuring Allison's Torqmatic® Series automatic transmission and a Cummins engine. The initiative supports sustainability efforts in public transport for Nuevo Leon. Allison also partners with other Chinese manufacturers to supply various international markets, demonstrating significant growth in the transit bus segment.

Allison Transmission Holdings Inc. (NYSE: ALSN) has announced its first quarter 2023 financial results conference call scheduled for 5:00 p.m. EDT on April 27, 2023. Chairman and CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. The press release with the financial results will be available after market close on the same day. Participants can join the conference call via dial-in or through a live webcast at ir.allisontransmission.com. A replay will be accessible from 9:00 p.m. EDT on April 27 until 11:59 p.m. EDT on May 11, 2023. Allison Transmission is recognized as a leader in vehicle propulsion solutions and is headquartered in Indianapolis, Indiana, with a global presence in over 150 countries.

Allison Transmission has expanded its partnership with SANY by signing a Letter of Intent to supply its Allison 4000 Series™ transmission for the SKT105 wide body mining dump truck in the Indian market. This collaboration marks SANY as the first OEM to manufacture WBMD trucks outside of China, creating an opportunity worth $100 million in annual revenue for Allison. The Allison 4000 Series transmission is specifically designed for harsh mining environments, enhancing vehicle performance and productivity. This partnership aims to leverage joint success in the Chinese market to foster innovation and growth in India.

Allison Transmission has secured a follow-on contract from the U.S. Army for its Allison 2500 Specialty Series™ transmission for the JLTV A2 version. This follows the successful use of over 19,000 units since 2015. The contract was awarded on February 9, 2023, with deliveries expected in approximately 18 months. The Army's acquisition plan anticipates over 55,000 JLTV A1 & A2 vehicles over the next 20 years, with international orders expanding the market. The company emphasizes fuel efficiency and combat effectiveness, marking continued confidence in its products.

Allison Transmission Holdings Inc. (NYSE: ALSN) announced that G. Frederick Bohley and Jacalyn Bolles will present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 4:00 p.m. EST. The conference will take place at JW Marriott Orlando, Grande Lakes. Presentation materials and a webcast will be accessible on the Allison Transmission website, with a replay available for 12 months. Allison Transmission is a leader in designing and manufacturing vehicle propulsion solutions and the largest producer of fully automatic transmissions for commercial and defense vehicles, operating globally since 1915.

Allison Transmission Holdings Inc. (NYSE: ALSN) announced a quarterly dividend increase from $0.21 to $0.23 per share, payable on March 17 for shareholders on record by March 6. This marks the fourth consecutive year of dividend increases, reflecting the company's strong financial performance and commitment to capital allocation. The Board of Directors retains discretion over future dividend payments based on various financial factors. Additionally, the annual meeting for stockholders is scheduled for May 3, with a record date also set for March 6.

Allison Transmission Holdings reported record full-year net sales of $2.769 billion, a 15% increase from 2021, and a diluted EPS of $5.53, up 34%. The fourth quarter showed a net sales rise of 11% to $718 million with a diluted EPS of $1.52, up 32%. Strong customer demand in North America and international markets, particularly in vocational trucks and defense, fueled growth. The company repurchased $279 million of its common stock, representing 8% of outstanding shares. For 2023, Allison anticipates net sales between $2.825 billion and $2.925 billion, reflecting continued growth initiatives.

Allison Transmission announced that its 4000 Specialty Series transmissions are included in the U.S. Army's Common Tactical Truck (CTT) prototype vehicle phase. This initiative aims to replace the aging fleet of heavy tactical wheeled vehicles, with initial production expected by 2027. The company emphasizes its commitment to leveraging advancements in commercial vehicle technology to offer reliable and efficient solutions for defense customers. Their FuelSense® 2.0 technology promises up to 6% fuel savings and reduced CO₂ emissions. Allison's transmissions are already widely used in the Department of Defense’s tactical trucks.