Allison Transmission (ALSN) Misses Q1 EPS by 25c; Updates FY16 Outlook
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Allison Transmission Announces First Quarter 2016 Results
April 25, 2016 4:43 PM EDTINDIANAPOLIS, April 25, 2016 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today reported net sales for the first quarter of $462 million, an 8 percent decrease from the same period in 2015. The decrease in net sales was principally driven by lower demand in the global Off-Highway and Service Parts, Support Equipment & Other end markets.
Adjusted Net Income, a non-GAAP financial measure, for the quarter was $109 million, compared to Adjusted Net Income of... More
