ALSN
Allison Transmission Holdings, Inc.98.69
-0.73-0.73%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
No synergies in 2026 guidance
Q&A revealed no $120 million synergies baked into 2026 guidance, as teams prioritize integration amid trough end-markets. Management pegged Transmission pricing at 250-400 basis points despite tariff drags, neutral in Off-Highway, and flagged North America On-Highway softness with no Class 8 recovery modeled. Legacy 40% EBITDA margins remain feasible on volume lift and global scale. No synergies in 2026 guide. Analysts pressed on Off-Highway margins and recovery cadence; executives stayed measured, emphasizing execution. Investors track synergy progress and end-market rebounds.
Key Stats
Market Cap
8.25BP/E (TTM)
12.11Basic EPS (TTM)
8.15Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Allison Transmission delivered FY2025 net sales of $3.0B, down 7% y/y, with North America On-Highway dropping 12% to $1.5B on softer medium-duty and Class 8 vocational truck demand, yet Defense surged 26% to $267M on tracked vehicle strength. Q4 saw $29M impairment on electrified assets amid deteriorating markets, but gross margins expanded 120bps to 49% via pricing and lower incentives. Net income fell to $623M at 20.7% margins; Adjusted EBITDA held at 37.5%. Debt stood at $2.9B with $745M revolver capacity; $328M buybacks left $1.2B authorized. Q4 momentum faltered on impairments. Post-close Acquisition of Dana's off-highway unit expands portfolio. Cyclical end markets threaten demand.
8-K
Q4 results; Dana acquisition closed.
Allison Transmission reported 2025 net sales of $3.01 billion, down from prior year amid North America On-Highway weakness, yet full-year Adjusted EBITDA hit $1.13 billion at 37.5% margin with Defense sales up 26% to $267 million. Q4 net sales fell 7% to $737 million, hit by $29 million asset impairment and $26 million Dana Off-Highway acquisition costs. Acquisition closed January 1, 2026; 2026 guidance projects $5.6-5.9 billion sales, accretive to earnings despite integration risks.
8-K
Allison completes $2.7B Dana acquisition
Allison Transmission closed its $2.732B acquisition of Dana's off-highway business on January 1, 2026, funded partly by a $1.2B incremental term loan and expanded $1B revolver via Amendment No. 5 on January 2. The deal bolsters Allison's industrial portfolio, adding drive and motion systems expertise. Craig Price joins as president of the new unit.
8-K
Issues $500M notes for Dana deal
Allison Transmission issued $500 million of 5.875% senior notes due 2033 on November 21, 2025, to fund its pending acquisition of Dana's off-highway business alongside new term loans, revolver draws, and cash. The unsecured notes rank equally with existing senior debt but sit behind secured facilities. If the deal flops, special mandatory redemption kicks in at par. Financing locked in.
8-K
Prices $1.7B debt for Dana deal
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