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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 has announced the delivery of electric hybrid-equipped buses to Southern Nevada Transit Coalition in Laughlin, Nevada. The new buses utilize Allison's H 40 EP electric hybrid propulsion system, enhancing fuel efficiency by up to 25% and reducing CO2 emissions. Later this year, Allison's next-generation eGen Flex will be integrated into the fleet, allowing electric-only travel for up to 10 miles. This innovation is expected to benefit the environment and improve transit operations in the area.
Allison Transmission has successfully delivered the first FracTran transmissions to several industry partners, enhancing their hydraulic fracturing operations.
This innovative product is estimated to generate an additional $100 million in annual revenue for Allison's Off-Highway markets. The FracTran offers unmatched reliability, with a lifespan of up to 25,000 hours, and can deliver up to 3,500 horsepower without hardware modifications. This next-gen solution underlines Allison's commitment to sustainability and efficiency in the energy sector.
Allison Transmission has announced the integration of its 3414 Regional Haul Series™ transmission into Volvo's VNL trucks, marking a significant advancement in their heavy-duty vehicle offerings. This fully automatic transmission promises improved fuel economy of up to 8%, faster acceleration by 25%, and is the lightest in its class. The strategic partnership with Volvo is expected to generate a $100 million growth opportunity in annual revenue. The 3414 RHS is a drop-in solution for existing models and comes with a robust warranty of five years or 750,000 miles.
Michael Dick, Senior VP of Operations & Purchasing at Allison Transmission (NYSE: ALSN), announced his retirement effective March 11, 2022. Dick contributed significantly to manufacturing efficiencies and operational excellence during his 15-year tenure. Rafael Basso will take over as VP of Operations following Dick's retirement, while Teresa van Niekerk remains VP of Purchasing and Supplier Quality. Both Basso and van Niekerk are long-serving employees, with Basso having 22 years at Allison and van Niekerk 9 years. The transition aims to maintain Allison's operational success and leadership in vehicle propulsion solutions.
Allison Transmission Holdings (NYSE: ALSN) will hold its fourth quarter and full year 2021 financial results conference call on February 16 at 5:00 p.m. ET. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. A press release with financial results will be issued after market close on the same day. A live webcast will be available on the company's investor relations page, with a replay accessible from February 16 to February 23. Allison specializes in vehicle propulsion solutions for various commercial and defense vehicles.
Allison Transmission, a leader in vehicle propulsion solutions, has announced a $15 million investment in Autotech Ventures, a venture capital firm focused on transport technology startups. This partnership aims to enhance Allison’s innovation in propulsion solutions and provide access to emerging technologies in connectivity, autonomy, and electrification. The collaboration will support Allison's strategy to diversify its portfolio and remain competitive in the rapidly evolving commercial vehicle industry, leveraging Autotech's expertise in tech scouting and market intelligence.
Allison Transmission has achieved a significant milestone by delivering its 2 millionth 1000/2000 Series transmission to Penske Truck Leasing. This delivery showcases Allison's commitment to producing reliable and durable transmission solutions for light and medium-duty vehicles since the product line's introduction in 1998. The 1000/2000 Series remains an industry benchmark, utilized across various essential services, including ambulances and delivery trucks. The milestone was celebrated during an event at Allison's Indianapolis headquarters, enhancing its partnership with Penske.
Allison Transmission has been selected by the Israeli Ministry of Defense to provide the 4800 Specialty Series™ fully automatic transmissions for Israel's Eitan Armored Fighting Vehicle (AFV). This model will replace aging M113 personnel carriers. The initial production order was received in September 2021, with deliveries ongoing for several years. The 4800 SP also serves various 8 x 8 wheeled armored combat vehicles worldwide. This selection underscores the innovation of the Israeli Defense Force and Allison’s commitment to advanced vehicle propulsion solutions.
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