Allison Transmission Holdings (NYSE:ALSN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$789.0m (up 6.5% from 1Q 2023).
• Net income: US$169.0m (flat on 1Q 2023).
• Profit margin: 21% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.92.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Allison Transmission Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 7.8% from a week ago.

Risk Analysis

Be aware that Allison Transmission Holdings is showing 2 warning signs in our investment analysis that you should know about...

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