Allison Transmission Q1 record net sales $741M (+9% YoY), EPS $1.85 (+42%), raises FY2023 guidance

Allison Transmission Holdings Inc

2023-Q1 EPS reported $1.85 revenue$741,000,000

Record quarterly net sales $741M, up 9% YoY; diluted EPS $1.85, up 42% YoY.
Net income $170M (+32% YoY); Adjusted EBITDA $276M.
Increased quarterly dividend 10% to $0.23 per share; repurchased 1% of outstanding shares.
Raised full year 2023 guidance citing sustained demand in North America and growth initiatives.
Service Parts, Support Equipment & Other end market record $183M (+32% YoY); North America On-Highway $376M (+9% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Allison Transmission Holdings Inc updated its full year 2023 guidance (raised).

Period: full year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

As a result of sustained demand in our end markets, particularly in North America, and the continued execution of our growth initiatives, we are pleased to raise full year 2023 guidance.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Allison Transmission Holdings Inc reported three months ended March 31, 2023 results: revenue $741 million, net income $170 million, EPS $1.85.

Period: three months ended March 31, 2023
Revenue: $741 million
Net income: $170 million
EPS: $1.85
Result: reported results

Exact text from the filing

First Quarter Financial Highlights Net sales for the quarter were an all-time high of $741 million. Year over year results were led by: • A $44 million increase in net sales in the Service Parts, Support Equipment and Other end market, leading to record quarterly sales of $183 million, principally driven by higher demand for global service parts and support equipment, higher demand for aluminum die cast components and price increases on certain products. • A $30 million increase in net sales in the North America On-Highway end market principally driven by strength in customer demand for medium-duty and Class 8 vocational trucks and price increases on certain products. Net income for the quarter was $170 million. Diluted EPS for the quarter was $1.85.

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Source: SEC EDGAR

accession 0001193125-23-122177

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