Last $30.01 USD
Change Today -0.60 / -1.96%
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As of 8:04 PM 07/29/14 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, 2014; Provides Sales Guidance for the Third Quarter and Second Half of 2014 and Updates Earnings Guidance for 2014

Allison Transmission Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $536.1 million compared to $512.1 million for the same period a year ago. Operating income was $132.2 million compared to $117.7 million for the same period a year ago. Income before income taxes was $94.7 million compared to $81.8 million for the same period a year ago. Net income was $57.2 million or $0.31 per diluted share compared to $50.5 million or $0.26 per diluted share for the same period a year ago. Net cash provided by operating activities was $143.4 million compared to $129.7 million for the same period a year ago. Adjusted net income was $116.6 million compared to $89.4 million for the same period a year ago. Adjusted EBITDA was $186.1 million compared to $171.6 million for the same period a year ago. For six months, the company reported net sales of $1,029.7 million compared to $969.5 million for the same period a year ago. Operating income was $247.0 million compared to $199.1 million for the same period a year ago. Income before income taxes was $174.0 million compared to $126.2 million for the same period a year ago. Net income was $109.3 million or $0.59 per diluted share compared to $78.0million or $0.41 per diluted share for the same period a year ago. Net cash provided by operating activities was $242.0 million compared to $184.4 million for the same period a year ago. Adjusted net income was $224.5 million compared to $168.9 million for the same period a year ago. Adjusted EBITDA was $351.9 million compared to $312.3 million for the same period a year ago. The company provided sales guidance for the third quarter of 2014. The company expects net sales to be higher than the same period in 2013. The anticipated year-over-year increase in third quarter net sales is expected to be 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. The company updated full year 2014 guidance includes a year-over-year net sales increase in the range of 4 to 6%, an Adjusted EBITDA margin excluding technology-related license expenses in the range of 32.5% to 34%, an Adjusted Free Cash Flow in the range of $385 to $425 million, capital expenditures in the range of $60 to $70 million and cash income taxes in the range of $10 to $15 million. In the second half of 2014 the company expects net sales to increase on a year-over-year basis principally driven by improved demand conditions in the North America On-Highway and Off-Highway end markets, weakness in the Outside North America On-Highway end market and previously contemplated reductions in U.S. defense spending.

Allison Transmission Holdings Inc. Announces a New Integrated Stop-Start Technology in Conjunction with Cummins Inc

Allison Transmission Holdings Inc. announced new integrated stop-start technology in conjunction with Project ETHOS, an ultra-low carbon powertrain program created by Cummins Inc. to demonstrate the potential of alternative fuels for carbon dioxide (CO2) reductions in medium-duty commercial vehicles. In partnership with the California Energy Commission, Cummins developed an engine that uses E85 (a high-octane blend of ethanol and gasoline) as a fuel to reduce greenhouse gas (GHG) emissions significantly. The Cummins ETHOS 2.8L engine is coupled with an Allison 2000 Series(TM) fully automatic transmission which utilizes integrated stop-start for further emissions reduction, as well as increased fuel economy. Integrated stop-start shuts the engine down when the operator presses the brake pedal and the vehicle comes to a complete stop. The transmission remains in drive during this time and locks the output to help prevent vehicle rollback by using an electric pump. As the driver's foot is lifted from the brake, the system automatically starts the engine to allow acceleration. Allison worked closely with Cummins to integrate the 2550 transmission model for smooth and efficient stop-start operation. The transmission is equipped with specific hydraulic circulation features to ensure smooth operation during stop-start driving. Additionally, all Allison Automatics provide Continuous Power Technology(TM) with seamless full-power shifts to put engine power to the drive wheels in the most efficient way. The result is faster acceleration and higher average road speed for quicker route times and greater productivity. Testing and validation were conducted using test cells and a prototype delivery step van provided by Freightliner Custom Chassis. Valvoline provided NextGen engine oils specifically designed for lower CO2 emissions.

Allison Transmission Holdings, Inc., Q2 2014 Earnings Call, Jul 24, 2014

Allison Transmission Holdings, Inc., Q2 2014 Earnings Call, Jul 24, 2014

Allison Transmission Holdings, Inc. Presents at Deutsche Bank 5th Annual Global Industrials & Basic Materials Conference, Jun-05-2014 10:40 AM

Allison Transmission Holdings, Inc. Presents at Deutsche Bank 5th Annual Global Industrials & Basic Materials Conference, Jun-05-2014 10:40 AM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: David S. Graziosi, Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Treasurer and Assistant Secretary, Fred Bohley, Executive Director of Finance and Investor Relations.

Allison Transmission Holdings, Inc. Presents at Oppenheimer 9th Annual Industrials Growth Conference, May-14-2014 11:35 AM

Allison Transmission Holdings, Inc. Presents at Oppenheimer 9th Annual Industrials Growth Conference, May-14-2014 11:35 AM. Venue: InterContinental The Barclay Hotel, 111 East 48(th) Street, New York, New York, United States.

 

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ALSN

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Price/Earnings 28.8x
Price/Sales 2.8x
Price/Book 4.2x
Price/Cash Flow 27.5x
TEV/Sales 1.3x
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