Allison Transmission reports Q4 EPS $1.91, consensus $1.43

Reports Q4 revenue $775M, consensus $744.0M. David S. Graziosi, CEO of Allison Transmission commented, “Allison’s fourth quarter marks the highest fourth quarter revenue in our history, leading to a record year driven by strong demand in our largest end markets, and the dedication from our team to realize growth objectives. Our commitment to operating performance was demonstrated by 2023 year over year EBITDA margin expansion of 180 basis points and Adjusted Free Cash Flow growth of 37 percent. Throughout the year, we maintained our well-defined approach to capital allocation by increasing our dividend for the fourth consecutive year and repurchasing over $260 million of our common stock, representing nearly 6 percent of outstanding shares. Through increased earnings and reduction in share count, we are pleased to report record full year Diluted EPS of $7.40 per share. As a result of resilient demand in our largest end markets, at the midpoint we are guiding to another record revenue year for 2024 as we continue to realize our investments and expand our addressable markets.”