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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 and Emergency One (UK) Ltd have entered a strategic Memorandum of Understanding to integrate the Allison eGen Power™ 100D electric axle into Emergency One’s fire rescue vehicles. This collaboration builds on their existing relationship, with 90% of Emergency One's units already equipped with Allison’s automatic transmissions. The eGen Power 100D offers 536 continuous horsepower and a peak of 738 horsepower, enhancing vehicle performance and safety while reducing emissions. This partnership aims to deliver reliable electric solutions meeting and exceeding operational standards.
Allison Transmission has announced the launch of its eGen Flex electric hybrid propulsion solution at New York City Transit (NYCT) in May. This innovative system enables fully electric propulsion for up to 10 miles and improves fuel economy by up to 25% compared to traditional diesel buses. The eGen Flex aims to reduce emissions and fossil fuel dependency while enhancing performance and reliability for transit fleets. With over 2,500 NYCT buses equipped with Allison solutions, the partnership focuses on advancing sustainable transportation technologies for better environmental impact.
Allison Transmission has published its inaugural Environmental, Social and Governance (ESG) Report, aiming to provide transparency regarding its environmental performance and social impact. The report underscores Allison's dedication to corporate citizenship, highlighting investments of approximately $250 million in electric hybrid and fully electric propulsion technology over the last three years. Allison's eGen FlexTM system enhances fuel economy by up to 25% compared to diesel buses. The report includes initiatives for workplace inclusion and diversity, along with a commitment to improving community welfare.
Allison Transmission Holdings Inc. (NYSE:ALSN) announced its upcoming first quarter 2021 financial results conference call scheduled for April 28 at 5:00 p.m. ET. CEO David S. Graziosi and CFO G. Frederick Bohley will discuss the company's financial performance. The results will be released post-market on the same day. Investors can join via phone or through a live webcast on the company's IR website. A replay of the call will be available from April 28, 8:00 p.m. ET, to May 5, 11:59 p.m. ET.
Allison Transmission Holdings (NYSE: ALSN), a leader in vehicle propulsion solutions, announced that David S. Graziosi, President & CEO, and G. Frederick Bohley, CFO, will present at the Bank of America Global Industrials Conference on March 16. The presentation is scheduled for 1:10 p.m. GMT (9:10 a.m. EDT) and will be accessible via webcast on Allison's website. The company, founded in 1915 and headquartered in Indianapolis, is the largest global manufacturer of fully automatic transmissions for medium- and heavy-duty vehicles, with a presence in over 80 countries.
Allison Transmission Holdings reported fourth quarter net sales of $535 million, a 13% decrease from 2019 but a $3 million increase from Q3 2020. Net income was $60 million, with diluted EPS at $0.53. Adjusted EBITDA decreased to $186 million, while adjusted free cash flow increased to $128 million. The company highlighted ongoing economic recovery and aggressive cost management. A 12% increase in quarterly dividends was approved, raising it from $0.17 to $0.19 per share. For 2021, net sales are projected between $2.265 billion and $2.415 billion, with net income guidance of $375 to $445 million.
Allison Transmission has announced a collaboration with American Rheinmetall Vehicles (ARV) to supply the Next-Generation Electrified Transmission (NGET) for the Lynx vehicle, a contender for the U.S. Army's Optionally Manned Fighting Vehicle (OMFV) program. This program aims to replace over 3,800 Bradley Infantry Fighting Vehicles, with design phases continuing through early 2023 and government testing expected to start in 2026. The NGET is designed for various applications and emphasizes reduced enemy detection and improved soldier survivability.
Allison Transmission Holdings Inc. (NYSE: ALSN) announced that Lawrence E. Dewey will not stand for re-election at the 2021 annual meeting of stockholders. Dewey has been a board member since 2007, having transitioned from CEO to Chairman. David S. Graziosi, current CEO, will succeed Dewey as Chairman after the meeting. Dewey, who retired as CEO in 2018, has played a pivotal role in Allison's evolution into an independent public company. The board expressed gratitude for Dewey's leadership and looks forward to supporting Graziosi as he transitions into his new role.
Allison Transmission Holdings announced a quarterly dividend increase from $0.17 to $0.19 per share, payable on March 5. The cash dividend is for stockholders of record as of February 22. The board's decisions on future dividends will consider the company's financial health and cash flow. Additionally, the annual stockholders' meeting is scheduled for May 5, with a record date of March 8. The company specializes in fully automatic transmissions for commercial and defense vehicles, with a broad market presence across 80 countries.
Since its acquisition by Allison Transmission in 2019, Walker Die Casting has significantly upgraded its operations with a major investment aimed at expanding manufacturing capabilities and solutions. The facility, spanning approximately 800,000 ft2, now includes advanced machinery, such as seven new machining centers and two large die cast machines. In 2020, Walker shipped over 40 million pounds of castings made from 100% recycled aluminum, serving leading OEMs across various industries. The company's innovative practices have solidified its reputation for delivering high-quality die castings.
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