Allison Transmission reports Q2 EPS $2.29, consensus $2.22

Reports Q2 revenue $814M, consensus $805.37M. David Graziosi, Chair and Chief Executive Officer of Allison Transmission (ALSN) commented, “Delivering record quarterly earnings per share, while incurring one-time costs associated with our recently announced acquisition of the Dana Off-Highway business, is a clear reflection of the Allison team’s continued focus on execution and delivering strong financial performance. Our second quarter results, highlighted by continued growth in the Defense end market and a record $142 million of quarterly net sales in the Outside North America On-Highway end market, demonstrate the diversity of Allison’s end markets and the incremental sales opportunities available from growth initiatives.”