Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission (NYSE: ALSN) showcased its advanced propulsion technology at the 2022 Modern Day Marine Expo in Washington, D.C., from May 10-12. The company emphasizes its support for the U.S. Marine Corps by enhancing fuel efficiency in critical vehicles like the Joint Light Tactical Vehicle and Medium Tactical Vehicle Replacement. Innovations like FuelSense® 2.0 software contribute to fuel savings of up to 6%. This aligns with the Marine Corps' goal of improving operational efficiency, as noted by Lt. Gen. Edward Banta, who reported 10-15% efficiency improvements.

Allison Transmission (NYSE: ALSN) has announced the election of D. Scott Barbour to its Board of Directors, following the 2022 annual meeting of stockholders. Barbour is the CEO of Advanced Drainage Systems and brings extensive leadership experience in manufacturing. He will serve on the Audit and Compensation Committees, increasing the Board to ten members. His term expires at the 2023 annual meeting. Barbour’s expertise in operational improvement and strategic repositioning could enhance Allison’s focus on innovative vehicle propulsion solutions.

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.