Allison Transmission (ALSN) Misses Q1 EPS by 25c; Updates FY16 Outlook
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Allison Transmission (NYSE: ALSN) reported Q1 EPS of $0.33, $0.25 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $462 million versus the consensus estimate of $445.39 million.
Full Year 2016 Guidance Update
We are affirming the full year 2016 guidance ranges released to the market on February 8: net sales decrease of 6.5 to 9.5 percent year over year, an Adjusted EBITDA margin of 32.5 to 34 percent, an Adjusted Free Cash Flow of $400 to $450 million, capital expenditures of $65 to $75 million and cash income taxes of $10 to $15 million.
Although we are not providing specific second quarter 2016 guidance, Allison does expect second quarter net sales to be up sequentially and down from the same period in 2015.
For earnings history and earnings-related data on Allison Transmission (ALSN) click here.
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