Allison Transmission Holdings Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: US$824.0m (up 12% from 3Q 2023).
• Net income: US$200.0m (up 27% from 3Q 2023).
• Profit margin: 24% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.30 (up from US$1.76 in 3Q 2023).

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

Allison Transmission Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Allison Transmission Holdings that you should be aware of.

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