Allison Transmission Hldgs Inc Stock Price, News & Analysis

Allison Transmission has launched the Innovation Center, a 96,000-square-foot facility in Indianapolis aimed at advancing commercial vehicle propulsion. This center will enhance product and technology development, consolidating approximately 300 employees from multiple locations to foster collaboration. CEO Dave Graziosi highlighted its role in sustainability within the industry. The facility complements Allison's existing Vehicle Electrification and Environmental Test Center, reinforcing its commitment to innovation. Over its 100-year history, Allison aims to continue leading in propulsion solutions.

Allison Transmission has announced a significant order from Heishan Fleet for over 100 Tonly wide body mining dump trucks, equipped with Allison 4800 Off Road Series™ transmissions. This order is expected to generate more than $50 million in annual revenue. The trucks are reported to increase productivity by 10% and reduce maintenance costs. Heishan's Vice General Manager, Jin Hongxin, noted that the trucks enable substantial operational efficiency in harsh mining environments. Allison aims to strengthen its position in the global mining truck market through this partnership.

Allison Transmission Holdings Inc. (NYSE: ALSN) announced its participation in two investor conferences. G. Frederick Bohley and Raymond Posadas will present at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 11:00 a.m. EST in Orlando. Additionally, David S. Graziosi and G. Frederick Bohley will present at the Bank of America Global Industrials Conference on March 17, 2022, virtually at 9:05 a.m. EDT. Presentation materials and webcasts will be available on the Allison Transmission website with replay access for 12 months.

Allison Transmission Holdings Inc. (NYSE: ALSN) has increased its quarterly dividend from $0.19 to $0.21 per share, reflecting strong financial performance and commitment to shareholder returns. The dividend payment is set for March 18, 2022, for shareholders on record as of March 7. Additionally, the Board authorized a further $1 billion for stock buybacks, raising the total repurchase authorization to $4 billion. Future dividends will depend on the company's financial health and operations.

Allison Transmission announces the production launch of its next generation electronic controls platform, developed in collaboration with multiple OEM partners. This platform enhances commercial vehicle functionality through advanced communications, functional safety, cybersecurity, and over-the-air programming capabilities. The first vehicles, including walk-in vans from Freightliner Custom Chassis Corporation, are set to enter full production by spring 2023. Allison aims for all OEM partners to transition by January 2023, supporting its 1000 to 4000 Series product portfolio and electrified propulsion solutions.

Allison Transmission is experiencing significant growth in the global defense market, partnering with OEMs from countries including Germany, South Korea, and the United States. In 2021, these collaborations led to multiple defense contracts across Asia, Europe, and the Middle East. Key projects include the Boxer multi-role armored vehicle and K9 Thunder self-propelled howitzer. Allison's innovative products like the Next-Generation Electrified Transmission highlight their commitment to customer-focused, technologically advanced solutions.

Allison Transmission Holdings Inc. (NYSE: ALSN) reported strong fourth-quarter results with net sales of $644 million, a 20% increase year-over-year, and net income of $118 million, up 97%. Full-year net sales reached $2,402 million, marking a 15% increase, while net income was $442 million, up 48%. The company repurchased $513 million of shares in FY2021. Looking ahead, Allison anticipates net sales between $2,625 million and $2,775 million for 2022, driven by recovery and demand across global markets.

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.