ALSN - Allison Transmission Holdings GAAP EPS of $1.85 beats by $0.32 revenue of $741M beats by $19.58M

2023-04-27 16:33:20 ET

• Allison Transmission Holdings press release ( NYSE: ALSN ): Q1 GAAP EPS of $1.85 beats by $0.32 .
• Revenue of $741M (+9.5% Y/Y) beats by $19.58M .

• 2023 Guidance Update

• Given first quarter 2023 results and current end markets conditions, company are raising our full year 2023 guidance.

• Allison expects 2023 Net Sales in the range of $2.9 to $3.0 billion,

• Net Income in the range of $550 to $600 million,

• Adjusted EBITDA in the range of $1.01 to $1.09 billion,

• Net Cash Provided by Operating Activities in the range of $635 to $695 million,

• Capital Expenditures in the range of $125 to $135 million, and

• Adjusted Free Cash Flow in the range of $510 to $560 million.

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