US Market News
2週前
Allison Announces Repricing of $508 Million Term Loan due 2031June 16, 2026 4:05 PM
PR Newswire (US) INDIANAPOLIS, June 16, 2026 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN) ("Allison" or the "Company"), a global leader in high-performance mobility and work solutions, today announced that on June 11, 2026 it completed an opportunistic repricing of its existing $508 million term loan due March 13, 2031 (the "Term Loan") through an amendment (the "Amendment") to its second amended and restated credit agreement (as amended, the "Credit Agreement").The Amendment reduced the applicable interest rate margin on the Term Loan by 25 basis points, resulting in an interest rate margin that is either 1.50% per annum for SOFR loans or 0.50% per annum for base rate loans. The Term Loan maturity date of March 13, 2031 and all other material provisions under the Credit Agreement remain unchanged."The interest rate reduction on our Term Loan will reduce annual cash interest expense by approximately $1.3 million," said Allison's Chief Financial Officer and Treasurer, Scott Mell. "This repricing transaction reaffirms Allison's commitment to prudent balance sheet management and its well-defined approach to capital structure and allocation."About Allison Transmission Allison Transmission Holdings, Inc. (NYSE: ALSN) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com.Forward-Looking StatementsThis press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate," "commit" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the significant costs we are expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business of Dana Incorporated (now referred to as the "Allison Off-Highway Business"); our ability to successfully integrate the Allison Off-Highway Business and its operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Allison Off-Highway Business and its operations and to effectively manage our expanded operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these customers; cybersecurity risks to our operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness. View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-announces-repricing-of-508-million-term-loan-due-2031-302802209.htmlSOURCE Allison Transmission Holdings Inc. Original: Allison Announces Repricing of $508 Million Term Loan due 2031
US Market News
1月前
Allison Transmission Recognized as Best Performing Supplier by Penske Truck LeasingMay 20, 2026 4:29 PM
PR Newswire (US) INDIANAPOLIS, May 20, 2026 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN), a global leader in high-performance mobility and work solutions, today announced that it has been recognized by Penske Truck Leasing as a Best Performing Supplier in the Heavy & Medium Duty Transmission category. Penske Truck Leasing presents the Best Performing Supplier recognition every two years to honor select partners that have demonstrated exceptional standards of consistent and reliable service.Allison's selection acknowledges the company's sustained dedication to delivering industry-leading drivetrain solutions that support the uptime, efficiency and total cost-of-ownership requirements of commercial fleet operators. The recognition further affirms Allison's position as a trusted partner to one of North America's leading transportation and logistics companies — earned through years of reliable performance, a track record of supply continuity during some of the most demanding conditions the industry has faced, and a long-term commitment to investment and innovation that gives operators like Penske the confidence to build their fleets around Allison technology."It was our pleasure to share this," said Paul Rosa, Senior Vice President of Procurement and Fleet Planning at Penske Truck Leasing. "Just as Allison has walked its talk, I hope this recognition shows the same by us. I am grateful for the partnership and, more importantly, the relationship.""Receiving this recognition from Penske Truck Leasing means a great deal to everyone at Allison, because it reflects the strength of a relationship built on consistent delivery through the full measure of adversity — not just in favorable conditions," said Rohan Barua, Vice President – North America Sales, Global Channel and Aftermarket at Allison Transmission. "The post-COVID environment tested every link in the global supply chain, and against a backdrop of unprecedented disruption and record industry demand, the Allison team remained resolute in its commitment to customers. Our people, our processes, and our supply chain partners worked in concert to maintain continuity of supply and uphold the service and quality levels that operators like Penske depend upon. We are immensely proud of how the Allison team rose to that challenge, and we are honored that Penske has recognized that perseverance."The qualities that earned this recognition are grounded in the long-term investments Allison has made on behalf of its customers. The company is committed to providing the capacity and resilience that commercial fleet operators require both today and in the years ahead. That investment is matched by an equally disciplined commitment to continuous product improvement: Allison's transmissions are engineered to consistently set the standard for performance, driver comfort, and total cost of ownership, ensuring that every product delivered to a Penske vehicle — or any customer's fleet — represents the best available solution in its class. Most recently, Allison has announced the launch of its next-generation 9-speed automatic transmission and the new 3414 model developed in collaboration with Daimler Truck North America (DTNA), both of which further extend the product leadership that underpins partnerships like the one celebrated today.About Allison TransmissionAllison Transmission Holdings, Inc. (NYSE: ALSN) ("Allison") is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-transmission-recognized-as-best-performing-supplier-by-penske-truck-leasing-302778186.htmlSOURCE Allison Transmission, Inc. Original: Allison Transmission Recognized as Best Performing Supplier by Penske Truck Leasing
US Market News
2月前
Allison Declares Quarterly DividendMay 6, 2026 4:05 PM
PR Newswire (US) INDIANAPOLIS, May 6, 2026 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world, announced today that its Board of Directors has declared a cash dividend of $0.29 per share on the Company's common stock for the second quarter of 2026. Payment will be made on May 29, 2026, to stockholders of record at the close of business on May 18, 2026.The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors.About Allison
Allison (NYSE: ALSN) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com. Forward-Looking Statements
This press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the significant costs we are expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business of Dana Incorporated (now referred to as the "Allison Off-Highway Business"); our ability to successfully integrate the Allison Off-Highway Business and its operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Allison Off-Highway Business and its operations and to effectively manage our expanded operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these customers; cybersecurity risks to our operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness. View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-declares-quarterly-dividend-302764480.htmlSOURCE Allison Transmission Holdings Inc. Original: Allison Declares Quarterly Dividend
US Market News
4月前
Daimler Truck North America partners with Allison Transmission to deliver advanced propulsion solutions for Freightliner M2 106 PlusMarch 10, 2026 4:05 PM
PR Newswire (US)
INDIANAPOLIS, March 10, 2026 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN), a global leader in high-performance mobility and work solutions, announced a significant expansion in its long-standing partnership with Daimler Truck North America LLC (DTNA). The collaboration introduces two advanced fully automatic transmission offerings for DTNA's industry-leading Freightliner M2 106 Plus medium-duty truck.The Allison 3414 Regional Haul Series™ (RHS) transmission paired with the Cummins X10 diesel engine in M2 106 Plus trucks will enter production in January 2027. Additionally, the Allison 9-Speed transmission paired with the Cummins B6.7 Octane engine in M2 106 Plus trucks will enter production in July 2026."When paired with the new Cummins X10 in an M2 106 Plus, the Allison 3414 RHS gives customers a lighter automatic option that helps the Freightliner M2 106 Plus meet the needs of medium duty tractor applications," said Aaron Scates, vice president, Vocational and Medium Duty Market Development at Daimler Truck North America. "The Allison 9-Speed, paired with the Cummins B6.7 Octane, offers smooth, predictable shifting for customers choosing a gasoline configuration. Together, these transmissions broaden the range of powertrain options available to customers as they tailor the M2 106 Plus to their needs."The optimized powertrain pairing of the Allison 3414 RHS transmission with the Cummins X10 engine delivers proven performance and efficiency in medium duty tractor applications. The 3414 RHS is engineered to enhance vehicle handling and maneuverability and provides 25% faster acceleration when compared to competitive automated manual transmissions (AMTs). The fully automatic transmission has a torque capacity and gear ratio optimization that make it ideally suited for a diverse range of operating conditions in demanding duty cycles.The Allison 9-Speed transmission paired with the Cummins Octane engine is designed to help fleets address the evolving efficiency requirements as well as offer a balance between torque delivery and fuel-saving capability for commercial truck applications."The expansion of our partnership with DTNA underscores a shared commitment to delivering powertrain solutions that best address our customers' needs," said Rohan Barua, Vice President, North America Sales, Global Channel and Aftermarket. "By integrating our 3414 RHS and 9-speed transmissions into the Freightliner M2 106 Plus platform, we are providing purpose-built technology designed to enhance productivity, efficiency and long-term value."About Allison Transmission
Allison Transmission Holdings, Inc. (NYSE: ALSN) ("Allison") is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Enhanced by a track record of strategic acquisitions, Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.comAbout Daimler Truck North America
Daimler Truck North America LLC (DTNA), headquartered in Portland, Oregon, is the largest manufacturer of heavy-duty trucks in North America and a leading provider of innovative products, services, and technologies for the commercial transportation industry. DTNA designs, engineers, manufactures, and markets medium- and heavy-duty trucks, school buses, vehicle chassis and related technologies and components under the Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis Corp and Detroit brands. As a subsidiary of Daimler Truck AG, one of the world's leading commercial vehicle manufacturers, DTNA is dedicated to delivering exceptional value and support to its customers - helping them keep the world moving.
View original content to download multimedia:https://www.prnewswire.com/news-releases/daimler-truck-north-america-partners-with-allison-transmission-to-deliver-advanced-propulsion-solutions-for-freightliner-m2-106-plus-302709999.htmlSOURCE Allison Transmission, Inc.
Original: Daimler Truck North America partners with Allison Transmission to deliver advanced propulsion solutions for Freightliner M2 106 Plus
US Market News
4月前
Allison Announces a 7 Percent Increase to the Quarterly Dividend and the Annual Stockholders Meeting and Record DateFebruary 26, 2026 4:05 PM
PR Newswire (US)
INDIANAPOLIS, Feb. 26, 2026 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world, announced today that its Board of Directors has approved an increase in the Company's quarterly dividend from $0.27 to $0.29 per share on the Company's common stock and has declared a cash dividend of $0.29 per share on the Company's common stock for the first quarter of 2026. Payment will be made on March 20, to stockholders of record at the close of business on March 9."For the seventh consecutive year, Allison's Board of Directors has approved an increase to the quarterly dividend, demonstrating once again our continued commitment to prudent balance sheet management and capital allocation," said Scott Mell, Chief Financial Officer and Treasurer at Allison. "Our ability to consistently return capital to shareholders, while simultaneously investing across our businesses to support long-term growth and deleveraging through accelerated debt repayments, is supported by Allison's strong financial performance and well-defined approach to capital structure management."The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors.The Company also announced that its 2026 annual meeting of stockholders will be held on May 6. The record date for the meeting will be March 9.About Allison Transmission Allison Transmission (NYSE: ALSN) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com. Forward-Looking StatementsThis press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the significant costs we are expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business (the "Acquired Off-Highway Business") of Dana Incorporated ("Dana"); our ability to successfully integrate the Acquired Off-Highway Business and its operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Acquired Off-Highway Business and its operations and to effectively manage our expanded operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; cybersecurity risks to our operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness.
View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-announces-a-7-percent-increase-to-the-quarterly-dividend-and-the-annual-stockholders-meeting-and-record-date-302698953.htmlSOURCE Allison Transmission Holdings Inc.
Original: Allison Announces a 7 Percent Increase to the Quarterly Dividend and the Annual Stockholders Meeting and Record Date
US Market News
4月前
Allison Transmission Announces Fourth Quarter and Full Year 2025 ResultsFebruary 23, 2026 4:05 PM
PR Newswire (US)
Record fourth quarter and full year Net Sales in the Outside North America On-Highway end marketContinued strength in the Defense end market, with full year Net Sales of $267 million, a year over year increase of 26 percentFull year Net Income of $623 million, 21% of Net SalesFull year Adjusted EBITDA of $1,130 million, 37.5% of Net Sales, a year over year increase of 140 basis pointsCompleted acquisition of the Dana Off-Highway business on January 1, 2026, creating a premier, global industrial leader in high-performance mobility and work solutionsINDIANAPOLIS, Feb. 23, 2026 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today reported full year 2025 net sales of $3 billion with Adjusted EBITDA margin of 37.5 percent and net cash provided by operating activities of $836 million.David S. Graziosi, Chair, President and Chief Executive Officer of Allison commented, "Although 2025 presented meaningful macroeconomic challenges, we remained disciplined and focused on the factors within our control. With a prioritization of cost management and execution aligned with end markets demand conditions, our full year results demonstrate the resilient earnings power of our business in difficult and uncertain operating environments. For the full year, we achieved an Adjusted EBITDA margin of 37.5 percent and generated Adjusted free cash flow of $661 million."Graziosi continued, "Earlier this year, we announced the completion of our acquisition of Dana's Off-Highway business, a transformational moment in Allison history. With the combination of these two industry-leading businesses, we have significantly expanded both our presence in the global mobility market and our portfolio of high-quality and reliable products, creating a platform that will continue to deliver strong financial performance from both organic and inorganic growth. While completing this acquisition last year, we remained committed to our capital allocation priorities, including repurchasing $328 million of our common stock, representing 4 percent of outstanding shares."Full Year and Fourth Quarter Financial Highlights*Net sales for the year were $3,010 million. Year over year results were led by:A 26 percent increase in net sales in the Defense end market principally driven by the continued execution of our growth initiativesA $14 million increase in net sales in the Outside North America On-Highway end market, leading to record full year net sales of $507 million, principally driven by higher demand in Europe and South America and price increases on certain products, partially offset by lower demand in Asia*The fourth quarter and full year 2025 financial results included in this press release do not reflect the impact from the acquisition of Dana's Off-Highway business.Net income for the year was $623 million. Diluted EPS for the year was $7.33. Adjusted EBITDA, a non-GAAP financial measure, for the year was $1,130 million. Net cash provided by operating activities for the year was $836 million. Adjusted free cash flow, a non-GAAP financial measure, for the year was $661 million.Net sales for the quarter were $737 million. Year over year results were led by:A 6 percent increase in net sales in the Outside North America On-Highway end market, leading to record fourth quarter net sales of $131 million, principally driven by higher demand in EuropeA 7 percent increase in net sales in the Defense end market principally driven by the continued execution of our growth initiativesNet income for the quarter was $99 million. Diluted EPS for the quarter was $1.18. Adjusted EBITDA, a non-GAAP financial measure, for the quarter was $265 million. Net cash provided by operating activities for the quarter was $243 million. Adjusted free cash flow, a non-GAAP financial measure, for the quarter was $169 million.Full Year and Fourth Quarter Net Sales by End MarketEnd Market2025Net Sales ($M)Year over YearVariance ($M)Q4 2025Net Sales ($M)Year over YearVariance ($M)North America On-Highway$1,540($212)$361($58)Outside North America On-Highway$507$14$131$7Global Off-Highway$53($52)$12($4)Defense$267$55$73$5Service Parts, Support Equipment & Other$643($20)$160($9)Total Net Sales$3,010($215)$737($59)Fourth Quarter Financial ResultsGross profit for the quarter was $354 million, a decrease of $19 million from $373 million for the same period in 2024. The decrease in gross profit was principally driven by lower volumes and unfavorable direct material costs, partially offset by price increases on certain products and lower manufacturing expense. Gross margin for the quarter was 48 percent, an increase of 110 basis points year over year.Selling, general and administrative expenses for the quarter were $110 million, an increase of $26 million from $84 million for the same period in 2024. The increase was principally driven by the Dana Off-Highway business acquisition-related expenses of approximately $26 million.Engineering – research and development expenses for the quarter were $44 million, a decrease of $10 million from $54 million for the same period in 2024. The decrease was principally driven by reduced product initiatives spending to align costs and programs across our business with end markets demand conditions.Net income for the quarter was $99 million, a decrease of $76 million from $175 million for the same period in 2024. The decrease was principally driven by a $29 million loss associated with impairment of long-lived assets and $26 million of expenses related to the acquisition of Dana's Off-Highway business and lower gross profit.Net cash provided by operating activities was $243 million, an increase of $32 million from $211 million for the same period in 2024. The increase was principally driven by lower cash income taxes, reduced engineering – research and development spending and lower operating working capital funding requirements, partially offset by lower gross profit and payments for the Dana Off-Highway business acquisition-related expenses.Full Year 2026 GuidanceFor full year 2026, we are providing the following guidance:Consolidated net sales in the range of $5,575 to $5,925 millionNet sales for the Allison Transmission segment in the range of $3,025 to $3,175 millionNet sales for the Allison Off-Highway Drive and Motion Systems segment in the range of $2,550 to $2,750 millionConsolidated net income in the range of $600 to $750 million, subject to the completion of purchase price accounting associated with the acquisition of the Off-Highway Drive and Motion Systems segmentNet income guidance includes approximately $70 million of one-time, pre-tax expenses associated with the separation, integration and restructuring of the Off-Highway Drive and Motion Systems segment. Including one-time costs, the Allison Off-Highway acquisition is expected to be accretive to net income and Diluted EPS in 2026Consolidated Adjusted EBITDA in the range of $1,365 to $1,515 millionConsolidated net cash provided by operating activities in the range of $970 to $1,100 million, including approximately $55 million of one-time cash outlays associated with the acquisition of the Off-Highway Drive and Motion Systems business unitConsolidated capital expenditures in the range of $295 to $315 million, including one-time separation and integration capital expenditures of approximately $45 millionConsolidated Adjusted free cash flow in the range of $655 to $805 millionConference Call and WebcastThe Company will host a conference call at 5:00 p.m. EST on Monday, February 23, 2026 to discuss its fourth quarter 2025 results. The dial-in phone number for the conference call is +1-877-425-9470 and the international dial-in number is +1-201-389-0878. A live webcast of the conference call will also be available online at https://ir.allisontransmission.com. For those unable to participate in the conference call, a replay will be available from 9:00 p.m. EST on February 23 until 11:59 p.m. EST on March 9. The replay dial-in phone number is +1-844-512-2921 and the international replay dial-in number is +1-412-317-6671. The replay passcode is 13757957.About Allison Transmission Allison Transmission (NYSE: ALSN) is a global leader in high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive & Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information, visit https://allisontransmission.com. Forward-Looking StatementsThis press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the significant costs we are expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business (the "Acquired Off-Highway Business") of Dana Incorporated ("Dana"); our ability to successfully integrate the Acquired Off-Highway Business and its operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Acquired Off-Highway Business and its operations and to effectively manage our expanded operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; cybersecurity risks to our operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness.Use of Non-GAAP Financial Measures This press release contains information about Allison's financial results and forward-looking estimates of financial results which are not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this press release. Non-GAAP financial measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures of other companies.We use Adjusted EBITDA and Adjusted EBITDA as a percent of net sales to measure our operating profitability. We believe that Adjusted EBITDA and Adjusted EBITDA as a percent of net sales provide management, investors and creditors with useful measures of the operational results of our business and increase the period-to-period comparability of our operating profitability and comparability with other companies. Adjusted EBITDA as a percent of net sales is also used in the calculation of management's incentive compensation program. The most directly comparable GAAP measure to Adjusted EBITDA is Net income. The most directly comparable GAAP measure to Adjusted EBITDA as a percent of net sales is Net income as a percent of net sales. Adjusted EBITDA is calculated as the earnings before interest expense, net, income tax expense, amortization of intangible assets, depreciation of property, plant and equipment and other adjustments as defined by Allison Transmission, Inc.'s, the Company's wholly-owned subsidiary, Second Amended and Restated Credit Agreement. Adjusted EBITDA as a percent of net sales is calculated as Adjusted EBITDA divided by net sales.We use Adjusted Free Cash Flow to evaluate the amount of cash generated by our business that, after the capital investment needed to maintain and grow our business and certain mandatory debt service requirements, can be used for repayment of debt, stockholder distributions and strategic opportunities, including investing in our business. We believe that Adjusted Free Cash Flow enhances the understanding of the cash flows of our business for management, investors and creditors. Adjusted Free Cash Flow is also used in the calculation of management's incentive compensation program. The most directly comparable GAAP measure to Adjusted Free Cash Flow is Net cash provided by operating activities. Adjusted Free Cash Flow is calculated as Net cash provided by operating activities, after additions of long-lived assets.AttachmentsCondensed Consolidated Statements of OperationsCondensed Consolidated Balance SheetsCondensed Consolidated Statements of Cash FlowsReconciliation of GAAP to Non-GAAP Financial MeasuresReconciliation of GAAP to Non-GAAP Financial Measures for Full Year Guidance Allison Transmission Holdings, Inc.Condensed Consolidated Statements of Operations(Unaudited, dollars in millions, except per share data)
Three months ended Decemeber 31,
Years ended December 31,
2025
2024
2025
2024
Net sales
$ 737
$ 796
$ 3,010
$ 3,225Cost of sales
383
423
1,547
1,696Gross profit
354
373
1,463
1,529Selling, general and administrative
110
84
380
336Engineering - research and development
44
54
174
200Loss associated with impairment of long-lived assets
29
-
29
1Operating income
171
235
880
992Interest expense, net
(25)
(21)
(92)
(89)Other income (expense), net
1
(4)
16
(6)Income before income taxes
147
210
804
897Income tax expense
(48)
(35)
(181)
(166)Net income
$ 99
$ 175
$ 623
$ 731Basic earnings per share attributable to common
stockholders
$ 1.19
$ 2.03
$ 7.42
$ 8.40Diluted earnings per share attributable to common
stockholders
$ 1.18
$ 2.01
$ 7.33
$ 8.31 Allison Transmission Holdings, Inc.Condensed Consolidated Balance Sheets(Unaudited, dollars in millions)
December 31,
December 31,
2025
2024ASSETS
Current Assets
Cash and cash equivalents
$ 1,495
$ 781 Accounts receivable, net
333
360 Inventories
316
315 Other current assets
89
82Total Current Assets
2,233
1,538
Property, plant and equipment, net
862
803Intangible assets, net
794
822Goodwill
2,075
2,075Other non-current assets
118
98TOTAL ASSETS
$ 6,082
$ 5,336
LIABILITIES
Current Liabilities
Accounts payable
$ 190
$ 212 Product warranty liability
34
31 Current portion of long-term debt
5
5 Deferred revenue
34
41 Other current liabilities
197
217Total Current Liabilities
460
506
Product warranty liability
50
36Deferred revenue
103
95Long-term debt
2,885
2,395Deferred income taxes
557
501Other non-current liabilities
160
152TOTAL LIABILITIES
4,215
3,685
TOTAL STOCKHOLDERS' EQUITY
1,867
1,651TOTAL LIABILITIES & STOCKHOLDERS' EQUITY$ 6,082
$ 5,336 Allison Transmission Holdings, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited, dollars in millions)
Three months ended December 31,
Years ended December 31,
2025
2024
2025
2024
Net cash provided by operating activities
$ 243
$ 211
$ 836
$ 801
-
Net cash used for investing activities (a)
(76)
(77)
(184)
(147)
Net cash provided by (used for) financing activities
425
(140)
57
(427)
Effect of exchange rate changes on cash
1
(1)
5
(1)
Net increase (decrease) in cash and cash equivalents
593
(7)
714
226
Cash and cash equivalents at beginning of period
902
788
781
555Cash and cash equivalents at end of period
$ 1,495
$ 781
$ 1,495
$ 781Supplemental disclosures:
Income taxes paid
$ (6)
$ (40)
$ (107)
$ (190) Interest paid
$ (33)
$ (33)
$ (120)
$ (124) Interest received from interest rate swaps
$ -
$ 2
$ 6
$ 12
(a) Additions of long-lived assets
$ (74)
$ (75)
$ (175)
$ (143) Allison Transmission Holdings, Inc.Reconciliation of GAAP to Non-GAAP Financial Measures(Unaudited, dollars in millions)
Three months ended
Years ended
December 31,
December 31,
2025
2024
2025
2024Net income (GAAP)
$ 99
$ 175
$ 623
$ 731plus:
Income tax expense
48
35
181
166 Depreciation of property, plant and equipment
30
29
117
111 Interest expense, net
25
21
92
89 Amortization of intangible assets
2
2
7
10 Acquisition-related expenses (a)
26
-
64
- Loss associated with impairment of long-lived assets (b)
29
-
29
1 Stock-based compensation expense (c)
7
6
27
26 Unrealized (gain) loss on marketable securities (d)
(1)
1
(12)
9 UAW Local 933 contract signing incentives (e)
-
-
-
14 Pension plan settlement loss (f)
-
-
-
4 Other (g)
-
1
2
4Adjusted EBITDA (Non-GAAP)
$ 265
$ 270
$ 1,130
$ 1,165Net sales (GAAP)
$ 737
$ 796
$ 3,010
$ 3,225Net income as a percent of Net sales (GAAP)
13.4 %
22.0 %
20.7 %
22.7 %Adjusted EBITDA as a percent of Net sales (Non-GAAP)
36.0 %
33.9 %
37.5 %
36.1 %
Net cash provided by operating activities (GAAP) (h)
$ 243
$ 211
$ 836
$ 801Deductions to reconcile to Adjusted free cash flow:
Additions of long-lived assets
(74)
(75)
(175)
(143)Adjusted free cash flow (Non-GAAP) (h)
$ 169
$ 136
$ 661
$ 658
(a)Represents acquisition-related expenses (recorded in Selling, general and administrative), primarily consulting and legal fees, related to the acquisition of the Dana Off-Highway business (the "Acquisition"). (b)Represents a charge associated with the impairment of long-lived assets related to the production of certain electrified products.(c)Represents stock-based compensation expense (recorded in Cost of sales, Selling, general and administrative, and Engineering — research and development).(d)Represents unrealized (gains) losses (recorded in Other income (expense), net) primarily related to an investment in the common stock of Jing-Jin Electric Technologies Co. Ltd.(e)Represents non-recurring incentives (recorded in Cost of sales, Selling, general and administrative, and Engineering — research and development) to eligible employees as a result of International Union, United Automobile, Aerospace and Agricultural Implement Workers of America Local 933 represented employees ratifying a four-year collective bargaining agreement effective through November 2027.(f)Represents a non-cash settlement charge (recorded in Other income (expense), net) for a pro rata portion of previously unrecognized pension plan actuarial net losses associated with the pension risk transfer of a portion of our salaried defined benefit pension plan obligations to a third-party insurance company.(g)Represents other adjustments as defined by the Second Amended and Restated Credit Agreement dated as of March 29, 2019 as amended.(h)Net cash provided by operating activities (GAAP) and Adjusted free cash flow (Non-GAAP) include $17 million and $47 million of payments for expenses related to the Acquisition for the three months and year ended December 31, 2025, respectively. There were no payments for expenses related to the Acquisition in either of the three months or year ended December 31, 2024. Allison Transmission Holdings, Inc.Reconciliation of GAAP to Non-GAAP Financial Measures for Full Year Guidance(Unaudited, dollars in millions)
Guidance
Year Ending December 31, 2026
Low
HighNet income (GAAP)
$ 600
$ 750plus:
Income tax expense
160
220Depreciation & Amortization (a)
275
255Interest expense, net
220
210Acquisition-related expenses (b)
50
40Stock-based compensation expense (c)
30
20Restructuring & One-Time expenses (d)
30
20
Adjusted EBITDA (Non-GAAP)
$ 1,365
$ 1,515
Net cash provided by Operating activities (GAAP)
$ 970
$ 1,100Deductions to reconcile to Adjusted free cash flow:
Additions of long-lived assets (e)
$ (315)
$ (295)Adjusted free cash flow (Non-GAAP)
$ 655
$ 805
(a)Includes estimate of incremental depreciation and amortization from purchase price accounting of $65 million to $75 million(b)Represents acquisition-related expenses (recorded in Selling, general and administrative), primarily consulting and legal fees, related to our acquisition of the Dana Off-Highway business (the "Acquisition"). (c)Represents stock-based compensation expense (recorded in Cost of sales, Selling, general and administrative, and Engineering — research and development).(d)Includes one-time restructuring costs, minority interest and one-time employee retention costs(e)Includes one-time acquisition-related investments
View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-transmission-announces-fourth-quarter-and-full-year-2025-results-302694913.htmlSOURCE Allison Transmission Holdings Inc.
Original: Allison Transmission Announces Fourth Quarter and Full Year 2025 Results
starbuxsux
13年前
Allison Transmission Announces Proposed Sale of 16,600,000 Shares of Common Stock by Selling Stockholders and Related Shares Repurchase of Up to $100 Million
4:05 PM ET 8/5/13 | PR Newswire
Allison Transmission Holdings Inc. (NYSE: ALSN), the world's largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. defense vehicles and hybrid-propulsion systems for transit buses, announced today a proposed secondary offering of 16,600,000 shares of its common stock by investment funds affiliated with The Carlyle Group and Onex Partners (the "Sponsors"). A group led by BofA Merrill Lynch, Citigroup and J.P. Morgan will act as the underwriters in the proposed registered public offering of those shares. In addition, the underwriters will have an option to purchase up to 2,490,000 additional shares from the Sponsors. All of the shares are being sold on a pro rata basis by the Sponsors, which are existing stockholders of Allison Transmission Holdings, Inc. ("Allison"), in accordance with their current interests. Allison's Board of Directors has authorized the company to repurchase from the underwriters up to $100 million of shares of the 16,600,000 shares of its common stock that are the subject of the offering, subject to and concurrent with the completion of the offering. Allison intends to fund the repurchase with cash on hand.
(Logo: http://photos.prnewswire.com/prnh/20120702/DE33547LOGO )
Following the offering and shares repurchase, the Sponsors will continue to beneficially own an aggregate of approximately 134,097,499 shares, or approximately 73.5% in the aggregate, of Allison's outstanding common stock after giving effect to the offering and shares repurchase (or approximately 131,607,499 shares, or approximately 72.2% in the aggregate if the underwriters fully exercise their option to purchase additional shares). The total number of outstanding shares of Allison's common stock will not change as a result of the offering, but will be reduced by the number of shares repurchased by Allison.
A copy of the preliminary prospectus related to the offering may be obtained, when available, from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or e-mail dg.prospectus_requests@baml.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146); and J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866-803-9204.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Allison Transmission Allison Transmission is the world's largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. defense vehicles and hybrid-propulsion systems for transit buses. Allison transmissions are used in a variety of applications including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school and transit), motor homes, off-highway vehicles and equipment (primarily energy and mining) and defense vehicles (wheeled and tracked). Founded in 1915, the Allison business is headquartered in Indianapolis, Indiana, U.S.A. and employs approximately 2,800 people. Allison has manufacturing facilities and customization centers located in China, The Netherlands, Brazil, India and Hungary. With a global presence, serving customers in North America, Europe, Asia, Australia, South America, and Africa, Allison also has approximately 1,400 independent distributor and dealer locations worldwide.
Forward-Looking StatementsThis press release may contain forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; our participation in markets that are competitive; general economic and industry conditions; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; the concentration of our net sales in our top five customers and the loss of any one of these; risks associated with our international operations; brand and reputational risks; our intention to pay dividends; and labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.
http://rt.prnewswire.com/rt.gif?NewsItemId=DE58855&Transmission_Id=201308051605PR_NEWS_USPR_____DE58855&DateId=20130805
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