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 (ALSN) generates news across multiple commercial vehicle segments, from defense contracts and municipal fleet orders to hybrid-propulsion system deployments and manufacturing expansion announcements. As the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, the company's developments influence transit agencies, construction fleets, refuse haulers, and defense procurement programs worldwide.
This news feed tracks Allison's business developments across its core revenue streams: transmission sales to original equipment manufacturers, aftermarket parts distribution, and hybrid system deployments in public transit. Coverage includes government contract awards for military vehicle transmissions, new product introductions for commercial applications, quarterly earnings reports detailing segment performance, and expansion of the company's global manufacturing and distribution network.
Investors monitoring ALSN follow news related to commercial vehicle production cycles, infrastructure spending that drives demand for construction and municipal equipment, transit agency funding for bus purchases, and defense budgets affecting military procurement. Product announcements showcasing new transmission models paired with truck manufacturers, hybrid-propulsion system adoptions by transit agencies, and international market expansion provide insights into the company's competitive positioning across its diverse application segments.
Track Allison Transmission news to monitor quarterly dividend declarations, material events through SEC filings, strategic acquisitions expanding product capabilities, and partnerships with vehicle manufacturers integrating Allison transmissions into new platforms. The company's global presence means developments in North American refuse markets, European emission regulations, Asian infrastructure projects, and defense programs all generate material news affecting the business outlook.
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.
Allison Transmission has announced that its 3414 Regional Haul Series™ is now available for order in Daimler Truck North America's Class 8 Freightliner Cascadia Day Cab trucks equipped with the Cummins ISX12N engine.
This fully automatic transmission improves fuel economy by up to 8% compared to the Allison 3000 Highway Series™ and offers 25% faster acceleration than competing automated manual transmissions. It aims to enhance vehicle handling and reduce emissions and engine noise levels, thus optimizing fleet productivity.
Allison’s innovations support customer goals to maximize payload efficiency while maintaining superior performance.
EnerDel and Allison Transmission have renewed their strategic partnership, naming EnerDel's Vigor+ battery pack as an approved OEM replacement. The Vigor+ pack is compliant with the Buy America Act and is compatible with the Allison Hybrid H 40/H 50 EP™ system for electric hybrid buses globally. This renewed agreement lasts for five more years, further establishing EnerDel as a key player in the lithium-ion energy storage market for transit companies looking to upgrade fleets. The Vigor+ pack is now available with options for long-term service agreements and extended warranties.
Allison Transmission Holdings Inc. (NYSE: ALSN) announced it will hold its fourth quarter and full year 2022 financial results conference call on February 15, 2023, at 5:00 p.m. EDT. Chairman and CEO David S. Graziosi, along with CFO G. Frederick Bohley, will discuss the company's financial performance. The news release with the financial results will be published after the market closes on the same day. Interested parties can join via telephone or listen to a live webcast at ir.allisontransmission.com. A replay of the call will be available from 9:00 p.m. EDT on February 15 until 11:59 p.m. EDT on February 22.
All Top 10 trucks in the 2023 Dakar Rally were equipped with Allison fully automatic transmissions. Team De Rooy emerged victorious with their Allison-equipped truck, starting from the Red Sea and concluding in Dammam, Saudi Arabia, covering a distance of 8,549 kilometers. The rally showcased extreme conditions, with Allison's 4000 Series transmissions demonstrating superior reliability and performance across challenging terrains. Gerard De Rooy praised the team's success, highlighting the importance of the transmission in achieving high speeds and power delivery. Allison continues to lead in providing robust propulsion solutions for commercial and defense vehicles.
Allison Transmission has partnered with Larsen and Toubro (L&T) to provide the 3040 MX™ propulsion solution for the Indian Army's Futuristic Infantry Combat Vehicle (FICV) prototype. The Indian Army plans to procure approximately 1,750 FICVs over the next two decades, which will replace aging BMP-1 and BMP-2 vehicles. Allison will oversee the design, development, and testing of the 3040 MX through 2024. This collaboration is part of India's Make in India program aimed at modernization. The 3040 MX is also utilized in the U.S. Army's Mobile Protected Firepower Light Tank.
Allison Transmission has partnered with Nikola Corporation to test its Class 8 battery-electric vehicle (BEV) and hydrogen fuel cell electric vehicle (FCEV) at Allison’s Vehicle Electrification + Environmental Test Center in Indianapolis. This collaboration aims to enhance performance evaluation through controlled thermal environments and dynamometer road simulations, reducing product development timelines and costs for both companies. The VE+ET Center, unique in the Midwest, offers testing year-round, enabling significant advancements in alternative fuel technologies and optimization of vehicle performance.
Allison Transmission (NYSE: ALSN) has secured a $51 million contract for the X1100-3B1 transmission to support the Abrams Main Battle Tank used by the U.S. Army and Foreign Military Sales customers. This contract signifies Allison’s growing defense sales in the Asia Pacific and Eastern Europe markets. Deliveries will commence in January 2023 and continue until March 2024. The company plans to launch new defense production programs annually over the coming years, enhancing its role in military vehicle propulsion solutions.
Allison Transmission (NYSE: ALSN) has been awarded the Pro Patria Award by the Indiana ESGR Committee, recognizing its exceptional support for employees serving in the National Guard and Reserve. This accolade reflects the company's commitment to veterans through various initiatives, including partnerships with local veterans' organizations and participation in career fairs. The award was presented on November 11, 2022, at the Veterans Day breakfast, highlighting Allison's ongoing support and leadership in promoting employee service.
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