Allison Transmission (ALSN) Tops Q2 EPS by 16c

Allison Transmission (NYSE: ALSN) reported Q2 EPS of $0.63, $0.16 better than the analyst estimate of $0.47. Revenue for the quarter came in at $580 million versus the consensus estimate of $511.77 million.

Full Year 2017 Guidance Update

Our updated full year 2017 guidance includes a year-over-year net sales increase in the range of 15 to 17 percent, Adjusted EBITDA margin in the range of 35.5 to 36.5 percent, Adjusted Free Cash Flow in the range of $485 to $505 million, capital expenditures in the range of $85 to $95 million, which includes maintenance spending of approximately $80 million, and cash income taxes in the range of $80 to $90 million.

Allison\'s full year 2017 net sales guidance reflects stronger demand for North America Off-Highway service parts, North America On-Highway products and Global Off-Highway products. Our full year 2017 net sales outlook also assumes price increases on certain products.

Although we are not providing specific third quarter 2017 guidance, Allison does expect third quarter net sales to be up from the same period in 2016 principally driven by increased demand for North America On-Highway products, North America Off-Highway service parts and Global Off-Highway products.

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

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