Allison Transmission reports Q2 EPS $1.92, consensus $1.62

Reports Q2 revenue $783M, consensus $735.86M. David S. Graziosi, Chairman and Chief Executive Officer of Allison Transmission commented, “We are pleased to report record quarterly net sales as demand remains strong across our largest end markets and the Allison team remains focused on realizing our growth initiatives. Year over year net sales growth of 18 percent was surpassed by even stronger growth in diluted EPS, up 52 percent. Furthermore, our gross margin expansion of 190 basis points year over year demonstrates our continued efforts toward price realization and cost mitigation in an inflationary environment.”