Allison Transmission (ALSN) Tops Q3 EPS by 8c, Offers Gudiance

Allison Transmission (NYSE: ALSN) reported Q3 EPS of $0.38, $0.08 better than the analyst estimate of $0.30. Revenue for the quarter came in at $553 million versus the consensus estimate of $501.6 million.

Full Year 2014 Guidance Update

Our updated full year 2014 guidance includes a year-over-year net sales increase in the range of 7.5 to 9 percent, an Adjusted EBITDA margin excluding technology-related license expenses in the range of 33.5 to 35 percent, an Adjusted Free Cash Flow in the range of $445 to $470 million, capital expenditures in the range of $60 to $70 million and cash income taxes in the range of $10 to $15 million.

In the fourth quarter of 2014, Allison expects net sales to be higher than the same period in 2013. The anticipated year-over-year increase in fourth quarter net sales is expected to be principally driven by higher demand in the North America On-Highway and Off-Highway end markets partially offset by lower demand in the Outside North America On-Highway and North America Hybrid-Propulsion Systems for Transit Bus end markets.

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

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