Last $31.52 USD
Change Today -0.21 / -0.66%
Volume 2.4M
ALSN On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

allison transmission holding (ALSN) Key Developments

Allison Transmission Holdings, Inc. and Cummins Inc. Receive Certification from the California Air Resources Board for Model Year 2015 H 40/50 EP System Paired with ISB6.7 and ISL9 Engines

Allison Transmission Holdings Inc. and Cummins Inc. announced that they have received certification from the California Air Resources Board (ARB) to sell the model year 2015 Allison H 40/50 EP hybrid propulsion system paired with the Cummins ISB6.7 and ISL9 diesel-electric hybrid engines for transit buses and coaches. The dual Executive Order (EO) issued by the ARB to both Allison and Cummins allows sales of the Allison H 40/50 EP with the Cummins ISB6.7 or ISL9 diesel-electric hybrid engine, and is valid for 2015 models. The ARB first provided approval in 2014, but the process requires the EO to be reviewed for renewal eligibility on a model year basis. Allison's H 40/50 EP hybrid propulsion system is used for both straight and articulated transit buses. It has been shown to improve fuel economy up to 25% over similar diesel buses. Additionally, its regenerative braking capability can significantly extend the brake change interval by as much as 350%. The Cummins ISB6.7 and ISL9 diesel-electric hybrid engines feature proven technology designed and developed in-house that is optimized to deliver the efficiency, durability and performance transit bus customers expect. The ISB6.7 diesel-electric hybrid engine is rated at 280 hp (209kW) while the ISL9 diesel-electric hybrid engine is rated at 330 hp (246kW) for the transit bus market.

Allison Transmission Holdings, Inc. Elects David Everitt as Member of the Compensation Committee of the Board

On August 7, 2014, Allison Transmission Holdings, Inc. announced that David Everitt had been appointed as a Director of the company, but as of that date had not been named to any committees of the Board of Directors. On February 19, 2015, the Board elected Mr. Everitt as a member of the Compensation Committee of the Board.

Allison Transmission Holdings, Inc. Declares Quarterly Dividend on Common Stock for the First Quarter of 2015, Payable on March 13, 2015

Allison Transmission Holdings, Inc. announced that its board of directors declared a cash dividend of $0.15 per share on the company's common stock for the first quarter of 2015. Payment will be made on March 13, 2015, to stockholders of record at the close of business on March 2, 2015.

Allison Transmission Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Revenue Guidance for the First Quarter 2015 and Earnings Guidance for the Full Year of 2015

Allison Transmission Holdings Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of USD 544 million, an 11% increase from the same period in 2013. The increase in Net Sales were principally driven by the continued recoveries in the North America On-Highway and Off-Highway end markets, and higher demand in the Service Parts, Support Equipment & Other end market, partially offset by lower demand in the Outside North America On-Highway and North America Hybrid-Propulsion Systems for Transit Bus end markets. Adjusted net income, a non-GAAP financial measure was USD 117 million, compared to adjusted net income of USD 78 million for the same period in 2013, an increase of USD 39 million. Adjusted EBITDA, a non-GAAP financial measure was USD 185 million, or 34.0% of net sales compared to USD 153 million, or 31.1% of net sales for the same period in 2013. Excluding USD 3 million of technology-related license expenses, Adjusted EBITDA was USD 188 million, or 34.6% of net sales. Adjusted free cash flow, a non-GAAP financial measure was USD 129 million, or USD 0.71 per diluted share compared to USD 109 million for the same period in 2013, or USD 0.59 per diluted share. Operating income was USD 117.8 million against USD 99.6 million a year ago. Income before income taxes was USD 77.8 million against USD 67.5 million a year ago. Net income was USD 50.5 million against USD 42.9 million a year ago. Basic and diluted earnings per share attributable to common stockholders were USD 0.28 against USD 0.23 a year ago. Net cash provided by operating activities was USD 140.9 million against USD 138.1 million a year ago. For the full year, the company reported net sales of USD 2,127.4 million against USD 1,926.8 million a year ago. Operating income was USD 512.1 million against USD 409.9 million a year ago. Income before income taxes was USD 368.1 million against USD 266.1 million a year ago. Net income was USD 228.6 million against USD 165.4 million a year ago. Diluted earnings per share attributable to common stockholders were USD 1.25 against USD 0.88 a year ago. Net cash provided by operating activities was USD 556.9 million against USD 453.5 million a year ago. Adjusted net income was USD 479.1 million against USD 347.9 million a year ago. Adjusted EBITDA was USD 739.0 million against USD 626.6 million a year ago. Adjusted free cash flow was USD 523.5 million against USD 398.8 million a year ago. The company provided revenue guidance for the first quarter and earnings guidance for the full year of 2015. The company expects first quarter net sales to be higher than the same period in 2014. The anticipated year-over-year increase in first quarter net sales is principally driven by higher demand in the North America On-Highway and Off-Highway end markets, partially offset by previously considered reductions in Defense net sales and lower demand in the North America Hybrid-Propulsion Systems for Transit Bus end market. For the year, the company expects net sales to be in the range of flat to down 5% compared to 2014, an adjusted EBITDA margin in the range of 34% to 35.5%, and an adjusted free cash flow in the range of USD 475 million to USD 525 million, or USD 2.60 per diluted share to USD 2.90 per diluted share. Capital expenditures are expected to be in the range of USD 60 million to USD 70 million, which includes maintenance spending of approximately USD 60 million. Cash income taxes are expected to be in the range of USD 10 million to USD 15 million. 2015 net sales guidance reflects a cautious approach given the heightened level of uncertainty and the lack of near-term visibility and confidence in the global Off-Highway end markets. The company’s 2015 net sales outlook also assumes a continued recovery in the North America On-Highway end market, previously considered reductions in U.S. defense spending, continued weakness in the Outside North America On-Highway end market and lower demand for North America Hybrid-Propulsion Systems for Transit Bus due to engine emissions improvements and non-hybrid alternatives.

Connecticut Selects Allison Transmission Holdings, Inc.'s Hybrid-Equipped Buses for New Rapid Transit System

Allison Transmission Holdings Inc. announced that Connecticut has selected Allison Hybrid-equipped buses for the state's new bus-only expressway system, CTfastrak. The new fleet of 48 hybrid diesel-electric buses will include 30-foot Gillig buses to provide neighborhood circulator service and 40-foot New Flyer buses to operate connector routes. The main line service will be operated with 60-foot articulated Nova buses. Scheduled to begin operations in late March, CTfastrak will provide a one-seat, no transfer ride to many major regional employers, shopping and healthcare destinations across central Connecticut. The new buses will feature GPS tracking for riders to monitor bus locations, LED lighting and free Wi-Fi service. Additionally, the Allison Hybrid system will provide drivers and passengers with a smooth and quieter ride, compared to conventional buses.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ALSN:US $31.52 USD -0.21

ALSN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Volvo AB kr98.15 SEK -0.40
BAE Systems PLC 538.50 GBp +3.50
Caterpillar Inc $81.51 USD -0.22
Komatsu Ltd ¥2,473 JPY -26.00
Twin Disc Inc $18.40 USD +0.33
View Industry Companies
 

Industry Analysis

ALSN

Industry Average

Valuation ALSN Industry Range
Price/Earnings 25.3x
Price/Sales 2.7x
Price/Book 4.1x
Price/Cash Flow 25.0x
TEV/Sales 1.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ALLISON TRANSMISSION HOLDING, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.