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Allison Transmission Holdings Inc (ALSN.N)

ALSN.N on New York Stock Exchange

46.50USD
17 Jul 2019
Change (% chg)

$-1.11 (-2.33%)
Prev Close
$47.61
Open
$47.35
Day's High
$47.51
Day's Low
$46.48
Volume
253,372
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246,802
52-wk High
$53.76
52-wk Low
$40.38

Latest Key Developments (Source: Significant Developments)

Allison Transmission Entered Into Stock Repurchase Agreement With Ashe Capital Management
Tuesday, 7 May 2019 

May 7 (Reuters) - Allison Transmission Holdings Inc ::ALLISON TRANSMISSION HOLDINGS INC - ENTERED INTO A STOCK REPURCHASE AGREEMENT ( 'STOCK REPURCHASE AGREEMENT') WITH ASHE CAPITAL MANAGEMENT.ALLISON TRANSMISSION - COMPANY AGREED TO REPURCHASE FROM ASHE 4,977,043 SHARES OF COMPANY'S COMMON STOCK FOR AGGREGATE CONSIDERATION OF $232.4 MILLION.ALLISON TRANSMISSION HOLDINGS INC - PURCHASE PRICE FOR BUYBACK EQUAL TO MAY 6, 2019 CLOSING PRICE OF $46.70 PER SHARE.ALLISON TRANSMISSION HOLDINGS INC - TRANSACTION IS EXPECTED TO CLOSE ON OR ABOUT MAY 9, 2019.ALLISON TRANSMISSION HOLDINGS INC - FOLLOWING CLOSING OF TRANSACTION, ASHE WILL OWN APPROXIMATELY 4.1% SHARES OF COMMON STOCK OF COMPANY.  Full Article

Allison Transmission Holdings Reports Q1 Earnings Per Share Of $1.32
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Allison Transmission Holdings Inc ::ALLISON TRANSMISSION ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $1.32.Q1 SALES $675 MILLION VERSUS REFINITIV IBES ESTIMATE OF $655.9 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.13 -- REFINITIV IBES DATA.SEES FY 2019 SALES $2.58 BILLION TO $2.68 BILLION.AFFIRMING FULL YEAR 2019 GUIDANCE RANGES.FY2019 REVENUE VIEW $2.62 BILLION -- REFINITIV IBES DATA.ALLISON TRANSMISSION - 2019 NET SALES GUIDANCE REFLECTS LOWER DEMAND IN N.AMERICA OFF-HIGHWAY & SERVICE PARTS, SUPPORT EQUIPMENT & OTHER END MARKETS.  Full Article

Allison Transmission Announces First Quarter 2018 Results
Monday, 30 Apr 2018 

April 30 (Reuters) - Allison Transmission Holdings Inc ::ALLISON TRANSMISSION ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 SALES $663 MILLION VERSUS I/B/E/S VIEW $574.7 MILLION.SEES FY 2018 SALES UP 10 TO 14 PERCENT.SEES 2018 CAPITAL EXPENDITURES TO BE IN THE RANGE OF $85 MILLION TO $95 MILLION.SEES 2018 NET INCOME IN THE RANGE OF $515 MILLION TO $550 MILLION.SEES 2018 ADJUSTED EBITDA IN THE RANGE OF $975 MILLION TO $1,025 MILLION.  Full Article

Allison Transmission Says Intends For Unit To Offer $400 Mln Of Senior Unsecured Notes Due 2030
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Allison Transmission Holdings Inc ::ALLISON TRANSMISSION SAYS INTENDS FOR UNIT TO COMMENCE OFFERING OF $400 MILLION OF SENIOR UNSECURED NOTES DUE 2030 IN PRIVATE PLACEMENT - SEC FILING.ALLISON TRANSMISSION - UNIT INTENDS TO USE PROCEEDS FROM OFFERING, WITH CASH ON HAND, TO REPAY $400 MILLION OF TERM B-3 LOAN, AMONG OTHERS.ALLISON TRANSMISSION - UNIT IS SEEKING TO AMEND CREDIT AGREEMENT TO REDUCE INTEREST RATE MARGIN ON TERM B-3 LOAN DUE 2022.  Full Article

Allison Transmission Q4 Earnings Per Share $1.51
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Allison Transmission Holdings Inc ::ALLISON TRANSMISSION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 SALES ROSE 25 PERCENT TO $588 MILLION.QTRLY EARNINGS PER SHARE $1.51.ALLISON EXPECTS 2018 NET SALES TO BE IN RANGE OF UP 3 TO 7 PERCENT COMPARED TO 2017.CAPITAL EXPENDITURES ARE EXPECTED TO BE IN RANGE OF $85 MILLION TO $95 MILLION FOR 2018.ALLISON EXPECTS Q1 2018 NET SALES TO BE UP FROM SAME PERIOD IN 2017.Q4 REVENUE VIEW $574.1 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $2.36 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Allison Transmission declares quarterly dividend
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Allison Transmission Holdings Inc ::Allison Transmission announces increase in stock repurchase authorization and declares quarterly dividend.Allison Transmission - new authorization for repurchase of up to an additional $500 million of co's outstanding common stock​.Allison Transmission Holdings Inc - ‍new authorization brings total amount authorized under program to $1.5 billion​.  Full Article

Allison Transmission Q3 earnings per share $0.75​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Allison Transmission Holdings Inc : :Allison Transmission announces third quarter 2017 results.Q3 sales $595 million versus I/B/E/S view $533.5 million.Sees FY 2017 sales up 21 to 22 percent.Allison Transmission Holdings Inc - ‍ net income for quarter was $111 million compared to $45 million for same period in 2016​.Allison Transmission Holdings Inc - ‍ full year 2017 guidance includes adjusted EBITDA margin in range of 37.75 percent to 38.75 percent​.Allison Transmission Holdings Inc - ‍ full year 2017 guidance includes adjusted free cash flow in range of $510 million to $530 million.Allison Transmission Holdings Inc - ‍ full year 2017 guidance includes capital expenditures in range of $90 million to $95 million.Allison Transmission Holdings Inc - ‍qtrly earnings per share attributable to common stockholders $0.75​.Allison Transmission Holdings Inc - ‍ does expect Q4 net sales to be up from same period in 2016 and down sequentially​.  Full Article

Allison Transmission's unit priced its offering of $400 mln in aggregate principal amount of 4.750% senior notes
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - Allison Transmission Holdings Inc :Allison Transmission Holdings Inc - ‍its unit priced its offering of $400 million in aggregate principal amount of 4.750% senior notes due 2027 - SEC filing​.Allison Transmission Holdings Inc - ‍priced offering represents a $100 million increase in size of offering from previously announced offering amount​.  Full Article

Allison Transmission announces $300 million senior notes offering
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - Allison Transmission Holdings Inc :Allison Transmission announces $300 million senior notes offering.Allison Transmission Holdings Inc - ‍unit commenced an offering of $300 million in aggregate principal amount of senior unsecured notes due 2027​.  Full Article

Allison transmission Holdings's unit seeks amendment to credit agreement​
Monday, 11 Sep 2017 

Sept 11 (Reuters) - Allison Transmission Holdings Inc ::Says on September 11, co announced its unit is seeking an amendment to its credit agreement - SEC filing​.Says unit seeking amendment to credit agreement in order to reduce interest rate margin on its Term B-3 loan due 2022​.Says in connection, co announced it intends for borrower to commence offering up to $500 million of senior unsecured notes due 2027.Says unit seeking amendment to increase revolving credit facility from $450.0 million to $550.0 million.Says to extent borrower elects to proceed with offering it currently intends to use net proceeds from offering to repay $200 million of Term B-3 loan.  Full Article

UPDATE 1-Volkswagen's Renk first in line of potential divestitures - sources

FRANKFURT, June 4 Volkswagen is likely to launch the sale of transmissions maker Renk in the autumn as the German carmaker streamlines operations to free up funds for investment in electric vehicles, people close to the matter said.