earnings
confidence high
sentiment positive
materiality 0.80
Allison Transmission Q3 net sales $736M (+4% YoY), EPS $1.76 (+21%)
Allison Transmission Holdings Inc
2023-Q3 EPS reported
$5.53
revenue$2,260,000,000
- Q3 net sales $736M (+4% YoY); net income $158M (+14%); diluted EPS $1.76 (+21%).
- North America On-Highway sales $376M (+11% YoY); Service Parts $171M (+9%); Off-Highway declined sharply.
- Gross margin expanded 230 bps to 48.5%; adjusted EBITDA $267M; free cash flow $182M.
- Paid quarterly dividend $0.23/share; repurchased $20M of shares in Q3 (nearly 4% of shares YTD).
- Reaffirmed full-year 2023 guidance; strong demand in NA On-Highway and Service Parts.