Allison Transmission (NYSE: ALSN) reported Q3 EPS of $1.27, $0.18 better than the analyst estimate of $1.09. Revenue for the quarter came in at $692 million versus the consensus estimate of $656.86 million.

GUIDANCE:

Company raises full year 2018 net sales guidance to an increase in the range of 18 to 19 percent.

Our updated full year 2018 guidance includes a year-over-year net sales increase in the range of 18 to 19 percent, Net Income in the range of $600 to $620 million, Adjusted EBITDA in the range of $1,090 to $1,110 million, Net Cash Provided by Operating Activities in the range of $785 to $805 million, and Adjusted Free Cash Flow in the range of $685 to $715 million. Capital expenditures are expected to be in the range of $90 to $100 million and cash income taxes are expected to be in the range of $100 to $110 million.

Allison’s full year 2018 net sales guidance reflects increased demand in the Global On-Highway and Global Off-Highway products, price increases on certain products and continued execution of our growth initiatives.

Although we are not providing specific fourth quarter 2018 guidance, Allison does expect fourth quarter net sales to be up from the same period in 2017 and down sequentially.

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