Allison Transmission Holdings Inc. on Wednesday reported record second-quarter revenue and earnings that topped analyst predictions.
The Indianapolis-based transmission manufacturer brought in $737 million in revenue, up 4% over the same period of 2018.
Five analysts surveyed by Zacks Investment Research expected $687.7 million in revenue.
The company reported profit of $181 million, or $1.46 per share, up from $174 million, or $1.30 per share a year ago.
The average estimate of seven analysts surveyed by Zacks was for earnings of $1.20 per share.
Allison attributed the increase in sales to higher demand in the North America On-Highway and Outside North America Off-Highway end markets.
The company lifted guidance for full-year revenue to the range of $2.64 billion to $2.72 billion, up from $2.58 billion to $2.68 billion.
Allison Transmission shares closed at $45.95 each Wednesday, up 5% since the beginning of the year.