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Overview
Allison Transmission Holdings Inc. (NYSE: ALSN) is recognized globally as the foremost manufacturer of fully automatic transmissions for commercial vehicles. With a robust portfolio of propulsion solutions that includes advanced electric and hybrid propulsion systems, Allison Transmission enables improved fuel efficiency, operational reliability, and superior performance for a wide range of applications. Its products are pivotal in on-highway trucking, urban transit buses, heavy-duty construction, mining equipment, defense vehicles, and off-highway applications. The company is deeply embedded in the commercial transport ecosystem, leveraging innovative engineering to continuously optimize its automated technology and maintain an edge in the competitive landscape.
Products and Solutions
At the heart of Allison Transmission's offerings is its extensive line of fully automatic transmissions and propulsion systems. These products are engineered to deliver enhanced torque, smooth gear shifting, and overall operational productivity. Key product highlights include:
- Fully Automatic Transmissions: Designed for medium- and heavy-duty commercial vehicles, these transmissions improve fuel and operator efficiency while reducing maintenance challenges.
- Hybrid Propulsion Systems: Pioneering advancements in hybrid and electric propulsion, these solutions are integral to urban buses and other applications where low emissions and high performance are critical.
- Specialty and Cross-Drive Transmissions: Developed for niche applications in defense and specialized vehicles, these systems combine durability with advanced control technology.
Global Footprint and Manufacturing Excellence
Allison Transmission's reach is truly global, with a manufacturing presence spanning the United States, Hungary, India, and beyond. The company operates regional headquarters in strategic markets such as the Netherlands, China, and Brazil, while supporting an expansive network of independent distributors and dealers worldwide. This international presence not only enables localized service and support but also helps align production with regional market requirements. The firm's state-of-the-art facilities embody decades of engineering excellence and continuous investment in advanced manufacturing processes.
Industry Significance and Market Position
As a critical supplier in the commercial transport industry, Allison Transmission holds a significant market share particularly within the on-highway segment. Its technology is integral to enhancing productivity and safety for operators in industries as diverse as refuse collection, construction, emergency services, and military logistics. By focusing on the efficiency and reliability of its propulsion solutions, Allison Transmission consistently meets the robust demands of its global customer base, reinforcing its competitive position in both commercial and defense markets.
Innovation and Technological Leadership
Allison Transmission leverages decades of engineering expertise to drive continuous innovation in propulsion technology. With solutions that incorporate advanced diagnostics, intelligent gear engagement, and customizable power management systems, the company addresses the evolving needs of modern commercial fleets. Its R&D initiatives have resulted in breakthrough products that deliver higher power, improved fuel efficiency, and enhanced durability even under the most rigorous operating conditions. Through strategic partnerships with key industry players, Allison Transmission is consistently refining its technologies to support emerging trends in natural gas, hybrid, and alternative energy applications.
Key Collaborations and Operational Strategy
Allison Transmission's success is underpinned by long-standing relationships with original equipment manufacturers (OEMs), defense program collaborators, and independent dealers. These partnerships enable the streamlined integration of Allison's transmissions into vehicles across various sectors, from heavy-duty trucks and buses to specialized mining and defense vehicles. The company continues to expand its collaboration portfolio, supporting product enhancements that meet evolving regulatory and operational demands across diverse geographies.
Conclusion
In summary, Allison Transmission stands as a pillar of technological sophistication and operational excellence in the global transportation sector. Its commitment to quality, innovation, and efficient propulsion solutions has made it indispensable to a range of industries including commercial transportation, defense, and energy. Investors and industry observers alike look to Allison Transmission as a benchmark in fully automatic transmission and hybrid propulsion technology, fundamentally shaping the way the world moves.
Allison Transmission and Cummins have received annual certification from the California Air Resources Board for the 2021 Allison Hybrid 40/50 Electric Propulsion system with Cummins B6.7 and L9 diesel-electric hybrid engines. The certification is vital for compliance in transit buses, enhancing eco-friendliness by reducing emissions and improving fuel economy by up to 25%. Notably, the H 40/50 EP system includes a regenerative braking feature that can lengthen brake change intervals by 350%, lowering maintenance costs. The companies aim to focus on 2022 certification for the eGen Flex electric hybrid propulsion solution.
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.
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