Allison Transmission Hldgs Inc - ALSN STOCK NEWS

Allison Transmission and LiuGong, a leading global construction equipment manufacturer, have strengthened their strategic partnership by signing a Memorandum of Understanding (MOU) in Balikpapan, Indonesia. The agreement was part of a customer ride-and-drive event featuring LiuGong's new 70-ton DW105A Wide Body Dump Truck equipped with Allison's 4800 Wide Body Dump Series™ (WBD) transmission.

The event, attended by over 200 customers and partners, showcased the capabilities of the new truck designed for challenging mining environments. This collaboration aims to serve the growing Indonesian mining industry and expand globally. The partnership highlights both companies' commitment to delivering innovative solutions for the mining sector.

Allison Transmission has integrated its 4000 Series™ transmission into a Class 8 hydrogen-fueled truck showcased at SAE International's COMVEC. The vehicle, developed by Southwest Research Institute (SwRI), demonstrates emissions control surpassing upcoming EPA/CARB 2027 and Euro 7 standards. Allison's fuel-agnostic transmissions offer optimal integration with various fuel sources, including hydrogen, enhancing sustainability without compromising performance.

The truck is part of SwRI's H2-ICE Consortium, aiming to demonstrate the potential of hydrogen-fueled internal combustion engines for decarbonizing transportation. These vehicles achieve a 99.7% reduction in CO2 emissions compared to diesel engines, qualifying as Zero CO2 Emissions Vehicles under future U.S. and European standards.

Allison Transmission has announced a collaboration with Cummins Inc. to integrate and certify a Cummins B-Series engine with Allison's eGen Flex® electric hybrid propulsion system for the transit market. This partnership aims to meet the EPA's 2027 emissions standards for heavy-duty vehicles. The eGen Flex system can operate up to 50% of a bus's typical route in engine-off mode, reducing emissions in urban areas. It uses geofencing technology to activate electric-only mode in predefined zones, eliminating engine emissions and noise during passenger loading and in dense pedestrian areas. This collaboration reinforces Allison's commitment to sustainable transportation solutions.

Allison Transmission announces that Cummins Inc. has chosen its Vehicle Electrification + Environmental Test Center for comprehensive testing of trucks equipped with Cummins powertrains. The 60,000-square-foot facility, unique in the Midwest, offers year-round testing in a controlled environment for vehicles powered by various fuel types, including diesel, gasoline, natural gas, hydrogen, and battery electric systems.

The center's advanced capabilities allow for simulation of real-world conditions, helping OEMs and suppliers reduce product development and validation timelines. Its controlled thermal environments and dynamometer road simulations can replicate diverse duty cycles, enhancing result reliability and reducing costs compared to on-road testing.

Allison Transmission announces the successful deployment of its 4000 Series™ fully automatic transmission in a Hyundai Xcient hydrogen fuel cell truck by GLS Germany. The truck has covered 30,000 kilometers and delivered over 100,000 packages since late 2023 in the Cologne area and on long-distance routes. The vehicle, powered by a 180-kilowatt hydrogen fuel cell system, can transport up to 1,300 parcels per trip. GLS operators praise the truck's agility, quiet operation, and precise maneuvering. Allison's torque converter technology allows for a smaller, more efficient drive motor, maximizing range and reducing costs. This integration showcases Allison's commitment to eco-conscious transportation solutions and its ability to adapt to various fuel types.

Allison Transmission Holdings (NYSE: ALSN) has announced a quarterly dividend of $0.25 per share on its common stock for the third quarter of 2024. The dividend will be paid on August 30, 2024, to stockholders of record as of the close of business on August 19, 2024. The company's Board of Directors will determine future dividend payments based on various factors, including Allison's financial position, results of operations, available cash, cash flow, and capital requirements.

Allison Transmission (NYSE: ALSN) reported record quarterly net sales of $816 million in Q2 2024, up 4% year-over-year. Diluted EPS increased 11% to $2.13. The company's performance was driven by strong demand in the North America On-Highway end market, which achieved record quarterly sales of $456 million. Notable increases were also seen in the Defense and Outside North America On-Highway markets.

Based on these results, Allison has raised its full-year 2024 guidance for revenue, earnings, and cash flow. The company expects 2024 Net Sales between $3,090 to $3,170 million, Net Income of $650 to $700 million, and Adjusted EBITDA ranging from $1,085 to $1,145 million. During Q2, Allison continued its shareholder return program through dividends and share repurchases.

Allison Transmission has partnered with Cummins to test the new X15N 15-liter natural gas engine paired with the Allison 4000 Series transmission. Sandman, a bulk cement hauling fleet, completed over 50,000 miles of successful field testing, reporting significant improvements in fuel efficiency and performance. The combination demonstrated impressive results in a Peterbilt tractor pulling double trailers.

The 4000 Series transmission, designed for performance and fuel efficiency, features Allison's torque converter and FuelSense® 2.0 technology, offering up to 6% fuel savings. The X15N engine is 500 pounds lighter than its diesel counterpart, further enhancing fuel economy and emissions reduction. Peterbilt and Kenworth trucks equipped with this powertrain are now available to order.

Allison Transmission has expanded its FracTran® hydraulic fracturing transmission to the Canadian market through a partnership with Element Technical Services. This marks FracTran's first deployment in Canada, representing a potential $100 million annual revenue growth for Allison's global Off-Highway market. The FracTran, designed for harsh operating conditions, offers high reliability and efficiency, enhancing productivity in oil fields.

Key features of FracTran include eight gear ranges, multiple gear ratios, and a current rating of 3,300 horsepower with 10,000 lb.-ft. of input torque, upgradable to 3,500 horsepower. It also provides live diagnostics, a transmission-mounted control module, and an onboard remote information system, aiming to improve sustainability, efficiency, and profitability for service operators.