IBJNews

Allison Transmission reports higher earnings, sales

 IBJ Staff
April 17, 2014
Keywords
Back to TopCommentsE-mailPrintBookmark and Share

Allison Transmission Holdings Inc. on Wednesday reported a big jump in profit in the first quarter on an increase in sales.

The Indianapolis-based manufacturer earned $52.1 million, or 28 cents per share, in the quarter, up from $27.5 million, or 15 cents per share, in the same period of 2013.

Sales rose 8 percent, to $493.6 million, up from $457.40 million last year.

Analysts had expected profit of 25 cents per share on sales of $482 million.

Allison said the increase in sales was mostly driven by the continuing recovery in the North American motor vehicles market and increasing demand for service parts and support equipment.

Allison shares closed at $29.61 each Wednesday, an increase of 53 cents, but were down 57 cents in after-hours trading.

 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT