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Allison earnings rise on surging sales

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Allison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based manufacturer announced Monday.

The earnings announcement was Allison’s first since it raised $600 million in a March initial public offering.

Revenue for the quarter was $602 million, up 16 percent from the same quarter a year ago. Sales were driven by a stronger North American truck market and increased demand around the world for commercial vehicles, both on-highway and off-highway uses, the company said.

Growth in Allison’s largest market segment, North American on-highway, drove sales up 34 percent, from $164 million a year ago to $219 million.  

The truck market helped offset declines in military-related sales and in hybrid transit buses.

Allison shares fell 31 cents early Tuesday morning, to $21.59 each. The shares are down about 7 percent since the IPO.

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

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