Allison Transmission (ALSN) Tops Q1 EPS by 20c, Affirms FY Guidance
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Allison Transmission (NYSE: ALSN) reported Q1 EPS of $1.32, $0.20 better than the analyst estimate of $1.12. Revenue for the quarter came in at $675 million versus the consensus estimate of $652.58 million.
Full Year 2019 Guidance Update
We are affirming the full year 2019 guidance ranges released to the market on February 25 for Net Sales, Adjusted EBITDA, Net Cash Provided by Operating Activities, Adjusted Free Cash Flow and cash income taxes. Allison expects 2019 net sales to be in the range of $2,580 to $2,680 million, Net Income in the range of $525 to $575 million, Adjusted EBITDA in the range of $1,000 to $1,060 million, Net Cash Provided by Operating Activities in the range of $710 to $750 million, Adjusted Free Cash Flow in the range of $550 to $600 million and cash income taxes in the range of $100 to $110 million.
Our 2019 net sales guidance reflects lower demand in the North America Off-Highway and Service Parts, Support Equipment & Other end markets principally driven by lower demand from hydraulic fracturing applications partially offset by increased demand in the North America On-Highway end market, price increases on certain products and continued execution of our growth initiatives.
For earnings history and earnings-related data on Allison Transmission (ALSN) click here.
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