earnings
confidence high
sentiment positive
materiality 0.75
Allison Transmission Q1 record sales $789M, EPS $1.90, dividend up 9% to $0.25
Allison Transmission Holdings Inc
2024-Q1 EPS reported
$1.90
revenue$789,000,000
- Record net sales of $789M (up 6.5% YoY); diluted EPS $1.90 includes $0.13 impact from $14M UAW signing incentives.
- Net income $169M vs $170M YoY; adjusted EBITDA $289M; net cash from ops $173M; adjusted free cash flow $162M.
- North America On-Highway end market record $420M (+$44M) driven by Class 8 vocational and medium-duty truck demand.
- Refinanced revolving credit facility ($750M) and term loan ($518M), paying down $101M debt; maturities extended to 2029/2031.
- Increased quarterly dividend 9% to $0.25/share and repurchased nearly 1% of outstanding shares in Q1.