Allison Transmission (ALSN) Tops Q1 EPS by 29c

Allison Transmission (NYSE: ALSN) reported Q1 EPS of $1.08, $0.29 better than the analyst estimate of $0.79. Revenue for the quarter came in at $663 million versus the consensus estimate of $574.71 million.

Full Year 2018 Guidance Update

Our updated full year 2018 guidance includes a year-over-year net sales increase in the range of 10 to 14 percent, Net Income in the range of $515 to $550 million, Adjusted EBITDA in the range of $975 to $1,025 million, Net Cash Provided by Operating Activities in the range of $720 to $760 million, and Adjusted Free Cash Flow in the range of $625 to $675 million. Capital expenditures are expected to be in the range of $85 to $95 million and cash income taxes are expected to be in the range of $80 to $90 million.

Allison's full year 2018 net sales guidance reflects increased demand for Global On-Highway products and Global Off-Highway products and price increases on certain products.

Although we are not providing specific second quarter 2018 guidance, Allison does expect second quarter net sales to be up from the same period in 2017 principally driven by increased demand for Global On-Highway products and Global Off-Highway products.

For earnings history and earnings-related data on Allison Transmission (ALSN) click here.

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