Allison Transmission (ALSN) Tops Q1 EPS by 18c, Beat on Revenue

Allison Transmission (NYSE: ALSN) reported Q1 EPS of $0.52, $0.18 better than the analyst estimate of $0.34. Revenue for the quarter came in at $499 million versus the consensus estimate of $461.21 million.

Full Year 2017 Guidance Update

Our updated full year 2017 guidance includes a year-over-year net sales increase in the range of 7.5 to 10.5 percent, an Adjusted EBITDA margin in the range of 34 to 36 percent, an Adjusted Free Cash Flow in the range of $415 to $455 million, capital expenditures in the range of $70 to $80 million, which includes maintenance spending of approximately $65 million, and cash income taxes in the range of $65 to $75 million.

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

Although we are not providing specific second quarter 2017 guidance, Allison does expect second quarter net sales to be up sequentially principally driven by increased demand in the Global On-Highway end markets.

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

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