Allison Transmission Holdings Inc. on Monday reported profit and revenue in the second quarter that exceeded the expectations of stock analysts.
The Indianapolis-based manufacturer revised its full-year sales expectations after revenue rose 8 percent.
Changes in trade policy would reverberate across Indiana, given its status in a new Brookings Institution study as the most export-dependent state in the country.
ValueAct Capital parted ways with the Indianapolis-based commercial-transmission manufacturer after turning its $345 million investment into $622 million, not including dividends.
Allison Transmission Holdings Inc. on Monday topped analyst expectations for profit and revenue in the fourth quarter.
Allison’s hybrid bus transmission sales have tanked, and the company says it’s postponing production of hybrid truck transmissions until market conditions improve.
Allison Transmission posted revenue of $474.9 million in the period, down from $511 million last year.
Allison Transmission Holdings Inc. on Monday reported first-quarter earnings and profit that came up short of last year’s results but still exceeded Wall Street expectations.
The Indianapolis-based manufacturer realized earnings of $13 million in the fourth quarter, down from $50.5 million in the fourth quarter of 2014.
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
Anthem’s $54 billion bid for rival insurer Cigna is twice the size of the next-largest acquisition in the Indianapolis area, which occurred nearly a decade ago.
Allison Transmission Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
The Indianapolis-based manufacturer had sales of $544.4 million in its fourth quarter, an 11-percent increase over the same period of 2013. Profit rose to $50.5 million, up from $42.9 million.
The Indianapolis-based manufacturer had sales of $553 million in the quarter ended Sept. 30, a 19-percent increase over the same period of 2013. Profit rose to $68.8 million, up from $44.5 million.