Henrik5000Investment Thesis Over the past decade, Allison Transmission Holdings, Inc. (NYSE:ALSN) delivered annual compounded double-digit profit growth. The company achieved this despite modest revenue growth by improving operating and capital efficiencies. Allison is also financially sound with a good capital allocation plan. Despite being a wonderful company in the Buffett sense, the market has yet to recognize this. My valuation showed more than a 30% margin of safety at the current market price. Bu ...

Allison Transmission (ALSN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this automatic transmission maker have returned -10.3% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Automotive - Original Equipment industry, to which Allison Transmission belongs, has lost 8.1% over this period. Now the key question is: Where c ...

Allison Transmission Holdings (ALSN) delivered first-quarter 2024 earnings of $1.90 per share, which rose 2.7% year over year and beat the Zacks Consensus Estimate of $1.88. Record quarterly revenues of $789 million grew 6.5% from the year-ago period's level and outpaced the Zacks Consensus Estimate of $759 million.Segmental PerformanceAllison segregates revenues in terms of end markets served, which are as follows:In the reported quarter, net sales in the North America On-Highway end market rose 11.7% year ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-35456 | --- | --- | |-------------------------------------------------------------------------------------------|--------------------------| | ALLISON TRAN ...

财务数据和关键指标变化 - 第一季度净销售额为7.89亿美元,同比增长6%,创历史新高 [9][10] - 毛利润为3.66亿美元,同比增加500万美元 [12] - 净收入为1.69亿美元,同比下降100万美元 [12] - 调整后EBITDA为2.89亿美元,同比增加1300万美元 [13] - 每股摊薄收益增长3%至1.90美元,其中包括1400万美元的非经常性UAW合同签约奖励的0.13美元影响 [13] 各条业务线数据和关键指标变化 - 北美On-Highway市场净销售额增长12%,主要受到Class 8商用车和中型卡车需求增强以及某些产品价格上涨的推动 [10] - 国防市场净销售额增长78%,主要受到履带车应用需求增加 [11] - 北美以外Off-Highway市场净销售额增长83%,主要受到能源、采矿和建筑行业需求增强 [11] - 北美以外On-Highway市场净销售额增长6%,创历史新高,主要受到亚洲需求增加和某些产品价格上涨的推动,部分被欧洲需求下降所抵消 [11] 各个市场数据和关键指标变化 - 公司在南美农业市场的份额不断提高,阿根廷大多数农用喷雾机现已采用艾里逊全自动变速箱 [19][20] - 公司进入巴西农用喷雾机市场,这是战略性举措,旨在进入全球新市场和应用领域 [21] - 公司与中国客户宇通合作,为卢旺达首都提供采用艾里逊全自动变速箱的公交车 [22] - 公司与三一合作,为其500吨全地面起重机提供4000系列专用变速箱,以提高在恶劣环境下的生产效率和机动性 [23] 公司战略和发展方向及行业竞争 - 公司在国防市场的目标是实现1亿美元的年度增量收入,通过国际防务投资增加和美国现代化计划带来的机会 [24] - 公司与土耳其HST Automotive合作,为土耳其军队的Firtina自行火炮项目提供X1100变速箱 [25] - 公司的eGen Flex混合动力系统受到多个美国城市公交公司的青睐,可以在电网中断时继续使用柴油发电 [26][27] - 公司与纳威斯达合作,将3414区域运输系列和4000系列变速箱作为其RH和HX系列卡车的独家全自动变速箱 [28] 管理层对经营环境和未来前景的评论 - 公司对北美On-Highway市场的前景保持乐观,预计上半年强劲,下半年受季节性因素影响会有所下降 [36][37][38][50] - 公司正在与客户就长期协议的重新谈判,这可能带来一定的定价空间,但目前还无法量化具体影响 [39][40][41] - 公司面临供应链挑战,特别是劳动力短缺问题,这可能会限制公司在旺季的产能 [56][57][58][59][60][61][62] 问答环节重要的提问和回答 问题1 **Ian Zaffino 提问** 询问北美On-Highway业务在全年的表现情况,以及长期协议重新谈判的进展和潜在影响 [34][35] **Dave Graziosi 回答** - 公司对北美On-Highway市场前景保持乐观,上半年强劲,下半年受季节性因素影响会有所下降 [36][37][38] - 长期协议重新谈判还为时尚早,约60%的北美业务受此影响,具体影响尚无法量化 [39][40][41] 问题2 **Justin Pellegrino 提问** 询问本季度毛利率下降的原因 [43] **Frederick Bohley 回答** - 剔除1300万美元的非经常性UAW合同签约奖励后,公司毛利率和EBITDA利润率实际上都有所上升 [44][45] 问题3 **Tami Zakaria 提问** 询问二季度销售和利润率的预期 [46][47][48][49][50][51][52] **Frederick Bohley 回答** - 二季度销售收入和利润率预计与一季度相当,下半年尤其是第四季度会有所下降,主要受季节性因素影响 [47][48][50] - 服务收入同比下降主要是由于去年同期有一定的积压订单 [51][52]

财务表现 - Allison Transmission (ALSN)报告的第一季度营收为7.89亿美元，同比增长6.5%[1] - 每股收益为1.90美元，较去年同期的1.85美元有所增长[1] - 营收超出了Zacks Consensus Estimate 4.02%，每股收益也超出了1.06%[1] 市场表现 - Allison Transmission在最近报告的季度中表现出色，特别是在北美公路、离公路、服务零部件和国防市场方面[4][5][6][7] 股票评级 - 公司股票目前被评为Zacks Rank 1 (Strong Buy)，预示着在短期内可能会超越整个市场[10]

公司业绩 - Allison Transmission (ALSN)第一季度每股收益为1.90美元，超过了Zacks的预期1.88美元[1] - 公司在过去四个季度中，四次超过了市场预期的每股收益[2] - Allison Transmission第一季度营收为7.89亿美元，超过了Zacks的预期，比去年同期的7.41亿美元有所增长[3] 股价表现 - 公司股价自年初以来上涨了约37.6%，远高于标普500指数的6.3%[5] - 公司的盈利前景对股价的短期走势有重要影响，投资者可以关注管理层在财报电话会议上的评论[4] 评级和行业排名 - Zacks对Allison Transmission的估值趋势为“有利”，目前股票被评为Zacks Rank 1（强烈买入），预计未来股价将表现优异[8] - 投资者应该关注行业前景对公司股价表现的影响，目前汽车原厂设备行业在Zacks行业排名中处于较低位置[10]

Exhibit 99.1 Allison Transmission Announces First Quarter 2024 Results * Record net sales of $789 million * Diluted EPS of $1.90, which includes $0.13 impact from $14 Million of Non-Recurring UAW Contract Signing Incentives incurred in the quarter * Refinanced Revolving Credit Facility and Term Loan, Paying Down $101 Million of Outstanding Debt INDIANAPOLIS, April 25, 2024 – Allison Transmission Holdings Inc. (NYSE: ALSN), today reported first quarter net sales of $789 million and first quarter diluted EPS ...

Allison Transmission与International Truck合作 - Allison Transmission宣布与International Truck合作，将Allison全自动变速器整合到S13配备的卡车中[2] - Allison 3414 Regional Haul Series™ (RHS)和4000 Series™现已可在International RH和HX Series卡车中订购[1] - Allison 3414 RHS配备的International RH卡车自2020年以来已被北美一些最大的车队选择，包括领先的批发食品分销商[4] - Allison 3414 RHS全自动变速器旨在提高城市运输循环中的车辆操控性和机动性，提供卓越的性能和效率，同时将燃油经济性提高了高达8%[8]

Efficiency level measures a company’s capability to transform available input into output and is often considered an important parameter for gauging its potential to make profits. A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance.However, at times, it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks. These efficien ...