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Allison Transmission Holdings Inc - ALSN STOCK NEWS

Welcome to our dedicated news page for Allison Transmission Holdings (Ticker: ALSN), a resource for investors and traders seeking the latest updates and insights on Allison Transmission Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allison Transmission Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allison Transmission Holdings's position in the market.

News
Allison Transmission Announces First Quarter 2024 Results
Rhea-AI Summary
Allison Transmission Holdings Inc. reported record net sales of $789 million and diluted EPS of $1.90 for the first quarter of 2024. The company refinanced its revolving credit facility and term loan, paying down $101 million of outstanding debt. The quarter saw robust demand in various end markets, with North America On-Highway, Defense, and Outside North America On-Highway markets showing significant growth. Net income for the quarter was $169 million, with adjusted EBITDA at $289 million. The company reaffirmed its full-year 2024 guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.19%
Tags
earnings
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News
International Truck Integrates Allison Fully Automatic Transmissions with S13 Engine
Rhea-AI Summary
Allison Transmission integrates Allison 3414 Regional Haul Series™ and 4000 Series™ fully automatic transmissions with S13 engine in International Truck's RH and HX Series trucks, offering enhanced performance, efficiency, and productivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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none
-
News
Allison Transmission Delivers Cross-Drive Transmission to Turkish Armed Forces for Next Generation Tracked Defense Vehicle
Rhea-AI Summary
Allison Transmission partners with HST Otomotiv to deliver the X1100-5A4 cross-drive transmission for the Next Generation T-155 Firtina 155 mm Self-Propelled Howitzer to the Turkish Armed Forces. The initial delivery includes 10 transmissions, with full production scheduled for July 2024. The Firtina features design and technology upgrades, offering superior maneuverability, increased fuel efficiency, and low maintenance requirements. The collaboration is expected to drive $100 million of incremental annual revenue in Allison's Defense end market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
News
Allison Transmission Expands Partnership with SANY to Provide Specialty Series™ Transmission for 500-Ton All-Terrain Crane
Rhea-AI Summary
Allison Transmission has expanded its partnership with SANY to provide the Allison 4970 Specialty Series™ transmission for the STC5000 500-ton all-terrain crane. The collaboration aims to enhance vehicle productivity and maneuverability in challenging terrains, such as desert and mountain areas in China. Allison's transmissions offer extended torque range and higher gross vehicle weight capacity, ensuring uninterrupted power delivery and enhanced drivability. This partnership signifies a milestone in Allison's growth in the Off-Highway market outside North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
partnership
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News
Allison Transmission Schedules First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
Allison Transmission Holdings Inc. (NYSE: ALSN) announced its first quarter 2024 financial results conference call scheduled for April 25, 2024. The call will be led by David S. Graziosi, Chairman and CEO, and G. Frederick Bohley, CFO. The company will release its financial results post-market on the same day, with a live webcast available online. A replay will be accessible until May 9, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
earnings
-
News
Allison Transmission and Yutong Expand Presence in Rwanda
Rhea-AI Summary
Allison Transmission and Yutong Bus Co., are expanding their presence in Rwanda with the delivery of city transit buses equipped with Allison Torqmatic® Series transmissions. The collaboration aims to meet the unique demands of city buses, providing reliability, fuel efficiency, performance, and value to customers. Allison is also enhancing its global service network by introducing an authorized service location in Rwanda, reinforcing its commitment to customer support and market growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
News
New Orleans RTA Selects Allison eGen Flex®-Equipped New Flyer Electric Hybrid Buses
Rhea-AI Summary
Allison Transmission, in partnership with New Flyer, announces the selection of Allison-equipped electric hybrid buses by the New Orleans Regional Transit Authority. The buses feature the Allison eGen Flex electric hybrid propulsion system, providing a sustainable transportation solution. The system's rechargeable energy storage capabilities support the city's emergency preparedness plans. The eGen Flex system allows buses to operate up to 50% of a route in engine-off mode, reducing emissions and noise in zero-emission zones.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
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News
KS Pulverizadores Unveils First Brazilian Agriculture Sprayer Equipped with Allison Fully Automatic Transmission
Rhea-AI Summary
Allison Transmission announces successful entry into the Brazilian agriculture sprayer market with KS Pulverizadores showcasing the first Allison-equipped ag sprayer at a tradeshow in Brazil. The partnership aims to improve vehicle performance and productivity with Allison's fully automatic transmissions, marking a strategic milestone in the company's growth initiatives outside North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
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News
Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt
Rhea-AI Summary
Allison Transmission Holdings Inc. (ALSN) announced that its subsidiary entered into a credit agreement amendment, increasing commitments to $750 million, extending maturity dates, refinancing term loan debt, and reducing effective interest rates. The company aims to manage its balance sheet prudently and enhance capital market opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
News
Allison Transmission Announces a 9% Increase to the Quarterly Dividend and the Annual Stockholders Meeting and Record Date
Rhea-AI Summary
Allison Transmission Holdings Inc. (ALSN) increases its quarterly dividend from $0.23 to $0.25 per share for the first quarter of 2024. The Board of Directors shows commitment to prudent balance sheet management and capital allocation, supported by the Company's strong financial performance. The 2024 annual meeting of stockholders is scheduled for May 8.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
Tags
dividends
Stock ALSN logo
Allison Transmission Holdings Inc

NYSE:ALSN

ALSN Rankings

#1040 Ranked by Market Cap
#825 Ranked by Stock Gains
#1679 Ranked by Dividends

ALSN Stock Data

7.03B
100.95M
0.52%
100.2%
1.13%
Heavy Duty Truck Manufacturing
Manufacturing
Link
US
Indianapolis

About ALSN

allison transmission (nyse: alsn) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, and is a leader in hybrid-propulsion systems for city buses. allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. founded in 1915, the company is headquartered in indianapolis, indiana, usa and employs approximately 2,700 people worldwide. with a market presence in more than 80 countries, allison has regional headquarters in the netherlands, china and brazil with manufacturing facilities in the u.s., hungary and india. allison also has approximately 1,400 independent distributor and dealer locations worldwide. for more information, visit allisontransmission.com.