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Last $28.90 USD
Change Today -0.28 / -0.96%
Volume 1.7M
ALSN On Other Exchanges
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As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

allison transmission holding (ALSN) Key Developments

Allison Transmission Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Sales Guidance for the Third Quarter of 2015 and Updates Earnings Guidance for Full Year of 2015

Allison Transmission Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $511 million compared to $536.1 million for the same period a year ago. Operating income was $137.5 million compared to $132.2 million for the same period a year ago. Income before income taxes was $87.1 million compared to $94.7 million for the same period a year ago. Net income was $54.4 million or $0.30 per diluted share compared to $57.2 million or $0.31 per diluted share for the same period a year ago. Net cash provided by operating activities was $153.6 million compared to $143.4 million for the same period a year ago. Adjusted net income was $98 million compared to $116.6 million for the same period a year ago. Adjusted EBITDA was $185.5 million compared to $186.1 million for the same period a year ago. Adjusted free cash flow was $140.2 million compared to $134.6 million for the same period a year ago. CapEx increased $2 million from the same period in 2014, principally driven by the timing of 2015 productivity and replacement program spending. For six months, the company reported net sales of $1,014.6 million compared to $1,029.7 million for the same period a year ago. Operating income was $279.8 million compared to $247.0 million for the same period a year ago. Income before income taxes was $195.3 million compared to $247.0 million for the same period a year ago. Net income was $122.8 million or $0.68 per diluted share compared to $109.3 million or $0.59 per diluted share for the same period a year ago. Net cash provided by operating activities was $233.7 million compared to $242.0 million for the same period a year ago. Adjusted net income was $247.7 million compared to $224.5 million for the same period a year ago. Adjusted EBITDA was $375.6 million compared to $351.9 million for the same period a year ago. Adjusted free cash flow was $226.8 million compared to $230.4 million for the same period a year ago. The company provided sales guidance for the third quarter of 2015. The company expects net sales to be lower than the same period in 2014. The anticipated year-over-year decrease in third quarter net sales is expected to occur due to higher demand in the North America On-Highway end market being more than offset by lower demand in other end markets. The company updated full year 2015 guidance includes a year-over-year net sales decrease in the range of 6% to 8%, an Adjusted EBITDA margin in the range of 34.75% to 35.75% and an Adjusted free cash flow in the range of $470 million to $500 million. Allison's updated net sales guidance reflects the elevated level of uncertainty and a dearth of near-term visibility in the global Off-Highway end markets. The company affirmed the remaining guidance released to the market on April 27, 2015 as capital expenditures in the range of $60 million to $70 million.

Allison Transmission Holdings, Inc. to Report Q2, 2015 Results on Jul 27, 2015

Allison Transmission Holdings, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 27, 2015

Allison Transmission Holdings, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Allison Transmission Holdings, Inc., Q2 2015 Earnings Call, Jul 28, 2015

Allison Transmission Holdings, Inc. Announces Executive Changes

On May 14, 2015, Kosty Gilis notified the Board of Directors of Allison Transmission Holdings, Inc. that he was resigning as a director of the Company effective immediately. Brian Bernasek notified the Board that he was resigning as a director of the Company and member of the Nominating and Corporate Governance Committee effective immediately.

Allison Transmission Holdings Inc. Appoints Gregory P. Spivy to its Board of Directors

Allison Transmission Holdings Inc. announced that Gregory P. Spivy has been appointed to its board of directors. Spivy is a partner of ValueAct Capital. Mr. Spivy has been with ValueAct Capital for more than 10 years.

 

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Industry Analysis

ALSN

Industry Average

Valuation ALSN Industry Range
Price/Earnings 21.8x
Price/Sales 2.5x
Price/Book 3.8x
Price/Cash Flow 21.3x
TEV/Sales 1.2x
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