Allison Transmission Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 04:05 pm EST
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Allison Transmission Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 775 million compared to USD 718 million a year ago. Net income was USD 170 million compared to USD 141 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 1.52 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.52 a year ago.
For the full year, the company reported sales was USD 3,035 million compared to USD 2,769 million a year ago. Net income was USD 673 million compared to USD 531 million a year ago. Basic earnings per share from continuing operations was USD 7.48 compared to USD 5.53 a year ago. Diluted earnings per share from continuing operations was USD 7.40 compared to USD 5.53 a year ago.
Allison Transmission Holdings, Inc. is a designer and manufacturer of propulsion solutions for commercial and defense vehicles. The Company is also a manufacturer of medium-and heavy-duty fully automatic transmissions. Its products are used in a variety of applications, including on-highway trucks, including distribution, refuse, construction, fire and emergency; buses, including school, transit and coach; motorhomes, off-highway vehicles, and equipment, including energy, mining and construction applications; and defense vehicles, including tactical wheeled and tracked. The Company operates in approximately 150 countries. The Company has manufacturing facilities in the United States, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. The Company also has approximately 1,600 independent distributor and dealer locations worldwide.
ALLISON TRANSMISSION HOLDINGS, INC. 
