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Allison Transmission Holdings, Inc. (NYSE: ALSN) stands as the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, and a leader in hybrid-propulsion systems for city buses. Founded in 1915, Allison is headquartered in Indianapolis, Indiana, USA, and employs approximately 2,700 people worldwide. The company boasts a strong global presence with operations in over 80 countries and regional headquarters in the Netherlands, China, and Brazil.
Allison's products are utilized in a diverse array of applications, including refuse, construction, fire, distribution, bus, motorhomes, defense, and energy sectors. Their transmissions are designed to enhance fuel and operator efficiency, making them a preferred choice over manual and automated manual transmissions. With a commanding presence in the on-highway business, Allison holds about 60% of the global market share in Class 4-8 trucks, buses, and certain heavy-duty passenger vehicles like motorhomes.
Committed to innovation, Allison is at the forefront of developing electric hybrid propulsion systems and e-powertrains, extending its technological reach into sustainable transportation solutions. A testament to this commitment is the recent partnership with New Flyer to equip New Orleans' buses with Allison's eGen Flex® electric hybrid propulsion system, offering enhanced sustainability and emergency preparedness capabilities.
Allison also prides itself on a robust and expansive service network, with approximately 1,600 independent distributor and dealer locations worldwide. Recent expansions include a new authorized service location in Rwanda and collaborations with major partners such as Penske in Australia and Polska Grupa Zbrojeniowa in Europe, ensuring comprehensive support and service availability for their products globally.
Financially, Allison continues to show strong performance. In the first quarter of 2024, the company reported record net sales of $789 million, driven by robust demand across various markets and strategic price increases. Despite industry challenges, Allison has maintained a prudent balance sheet, focusing on a low-cost, flexible debt structure and continued capital returns to shareholders through share repurchases and increased dividends.
Allison's venture arm, Allison Ventures, further underscores their dedication to future growth and innovation by committing $10 million to EnerTech Capital, aiming to access and leverage emerging automotive technologies. This strategic investment aligns with Allison's broader efforts to enhance its innovation pipeline across commercial mobility and work solutions.
For more detailed information on Allison Transmission's products, services, and latest developments, visit allisontransmission.com.
Allison Transmission Holdings Inc. (NYSE: ALSN) has declared a cash dividend of $0.21 per share for Q2 2022, payable on May 27, 2022, to stockholders recorded by May 16, 2022. The future dividends will depend on the company’s financial health and operational outcomes. As a leader in propulsion solutions, Allison serves various sectors, including commercial and defense vehicles, with a global presence and extensive manufacturing facilities.
Allison Transmission Holdings reported first-quarter 2022 net sales of $677 million, a 15% increase year over year, marking the highest revenue since 2019. Diluted EPS rose 21% to $1.30. The North America On-Highway market saw an 8% rise in sales, while Outside North America On-Highway sales surged 30%. The company affirmed its full-year 2022 guidance, projecting net sales between $2.625 to $2.775 billion. Additionally, a $1 billion increase in stock repurchase authorization was announced, alongside a dividend increase from $0.19 to $0.21 per share.
Allison Transmission has announced that a significant North American food distributor has chosen its 3414 Regional Haul Series transmission for integration with Navistar's RH Series trucks. This partnership aims to enhance performance and fuel economy, with the fleet expected to acquire up to 450 trucks annually. The 3414 RHS promises 8% better fuel efficiency and 25% faster acceleration compared to competitors. These advancements are designed to optimize productivity and maneuverability for delivery operations, launching in late April.
Allison Transmission has secured certification from the California Air Resources Board (CARB) for its eGen Flex™ electric hybrid system, which integrates with Cummins B6.7 and L9 engines. This marks a significant milestone as it is the first certification for the eGen Flex since its introduction in 2020. The system can operate in electric-only mode for up to 10 miles and has shown capability to run engine-off for over 50% of its operational time. Additionally, it boasts a 25% improvement in fuel consumption compared to traditional diesel buses.
Allison Transmission has been selected to supply the propulsion system for the UK’s first hydrogen fuel cell refuse collection vehicle (RCV) for Aberdeen City Council. The integration of the Allison 3000 Series™ transmission with a 250 kW Hyzon electric motor and a 45 kW fuel cell enhances vehicle performance and supports the hydrogen economy in the region. This RCV boasts a range of 155 miles (250 km) and is designed for efficient operation without the need for frequent recharging. It signifies a step forward in sustainable waste collection solutions.
Allison Transmission (NYSE: ALSN) is expanding its defense service network outside North America to enhance service accessibility for tracked defense vehicles. Collaborating with over 1,400 global distributors, the company aims to improve maintenance efficiency for its X1100 and X200 Series transmissions. Seven channel partners in regions like Europe and the Middle East have begun selling defense parts. This initiative is expected to reduce vehicle downtime and costs while addressing the service needs of combat vehicles used worldwide, including those utilized by the U.S. Army.
Allison Transmission Holdings Inc. (NYSE: ALSN) will host its first quarter 2022 financial results conference call on April 27, 2022, at 5:00 p.m. ET. The call will feature CEO David S. Graziosi and CFO G. Frederick Bohley discussing the company's financial performance. An earnings release will be published post-market the same day. The conference call can be accessed via phone or live webcast, with replay options available until May 4, 2022. Allison Transmission, established in 1915, is a global leader in vehicle propulsion solutions, operating in over 150 countries.
Allison Transmission (NYSE: ALSN) announced a partnership with Bell Equipment Group Services to integrate its TerraTran™ fully automatic transmission into Bell’s next generation articulated dump trucks. The TerraTran is based on Allison’s 4000 Series™ and designed for off-highway applications, featuring up to 800 horsepower and 3200 newton meters of torque. This collaboration aims to enhance drivability and efficiency in challenging conditions. With over 25 years of partnership, both companies focus on innovation and reliability in vehicle propulsion solutions.
Allison Transmission has finalized the acquisition of AVTEC Ltd.'s off-highway transmission and component machining businesses for $23 million in cash. This strategic move, first announced on September 16, 2021, aims to enhance Allison's portfolio in India's off-highway segment and improve performance reliability. AVTEC, part of the CK Birla Group, is a major player in powertrain products in India. The integration will occur at Allison's Chennai facility, boosting production efficiency.
Allison Transmission (NYSE: ALSN) announces the shipment of wide body mining dump trucks equipped with its 4800 Off Road Series™ (ORS) fully automatic transmissions to Colombia. This collaboration with LiuGong enhances Allison's market share in the global mining dump truck sector, potentially adding over $50 million in annual revenue. The trucks, designed for heavy-duty operations, provide efficiency and reliability in challenging conditions, indicating strong demand for Allison's innovative transmission technology.
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