Stock Monitor: UQM Technologies Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 23, 2018 / Active-Investors.com has just released a free earnings report on Allison Transmission Holdings, Inc. (NYSE: ALSN) ("Allison"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ALSN. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 14, 2018. The largest global provider of commercial duty fully-automatic transmission outperformed top- and bottom-line expectations, and also provided guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for UQM Technologies, Inc. (NYSE AMER: UQM), which also belongs to the Consumer Goods sector as the Company Allison Transmission Holdings. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Allison Transmission Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
Allison reported net sales of $588 million in Q4 2017, reflecting an increase of 25% compared to $469 million in Q4 2016. The Company's revenue numbers topped analysts' estimates of $569 million.
For Q4 2017, Allison's gross profit surged 32% to $288 million compared to $218 million in Q4 2016, primarily attributable to favorable net sales and price increases on certain products. The Company's gross margin was 49.0% in the reported quarter, reflecting an increase of 260 basis points from 46.4% in the year earlier same quarter.
During Q4 2017, Allison's selling, general, and administrative expenses (SG&A) were $97 million, reflecting an increase of 15% from $84 million in Q4 2016, attributed to unfavorable product warranty adjustments and increased commercial activities spending. The Company's income tax was a benefit $131 million in the reported quarter versus an expense of $33 million in the year ago comparable period.
In Q4 2017, Allison's net income was $215 million, or $1.51 per diluted share, compared to $61 million, or $0.36 per diluted share, in Q4 2016. The increase was principally driven by the enactment of the US Tax Cuts and Jobs Act 2017 (TCJA), an increased gross profit, and a lower incentive compensation expense. The Company's earnings numbers beat Wall Street's estimates of $0.59 per share.
For Q4 2017, Allison's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) totaled $210 million, or 35.7% of net sales, compared to $158 million, or 33.8% of net sales, in Q4 2016. The growth was primarily driven by increased net sales, price increases on certain products, and a lower incentive compensation expense.
For the full year FY17, Allison's net sales jumped to $2.26 billion compared to $1.84 billion in FY16. For FY17, the Company reported a net income of $504 million, or $3.36 per share, compared to $215 million, or $1.27 per share, in FY16.
During Q4 2017, Allison's North America On-Highway end market net sales surged 24% to $270 million on a y-o-y basis compared to $207 million in Q4 2016, principally driven by a higher demand for Rugged Duty Series models. The Company's North America Electric Hybrid-Propulsion Systems for Transit Bus end market net sales fell 15% to $17 million on a y-o-y basis in the reported quarter, primarily attributed to intra-year movement in the timing of orders.
For Q4 2017, Allison's North America Off-Highway end market net sales totaled $28 million, principally driven by a higher demand from hydraulic fracturing applications. The Company's Defense end market net sales dropped 32% to $25 million, due to the timing of Tracked Defense shipments.
During Q4 2017, Allison's Outside North America On-Highway end market net sales jumped 18% to $98 million compared to $83 million in Q4 2016, principally driven by a higher demand in Asia, Europe, and South America. The Company's Outside North America Off-Highway end market net sales soared 175% to $11 million on a y-o-y basis in the reported quarter, primarily attributed to a higher demand in the mining sector.
For Q4 2017, Allison's Service Parts, Support Equipment, & Other end market net sales advanced 29% to $139 million compared to $108 million in Q4 2016, principally driven by a higher demand for North America Off-Highway service parts and global support equipment.
Allison's net cash provided by operating activities was $166 million in Q4 2017 compared to $175 million in Q4 2016. The Company's adjusted free cash flow was $115 million in the reported quarter compared to $145 million in the prior year's corresponding quarter.
For the full fiscal year 2018, Allison is forecasting net sales growth to be in the range of 3% to 7% on a y-o-y basis, adjusted EBITDA margin to be in the band of 37.5% to 39.5%, and adjusted free cash flow to be in the range of $550 million to $600 million.
Allison did not provide a specific forecast for Q1 2018, but expects net sales to grow on a y-o-y basis, due to an increased demand expected in the North America On-Highway and North America Off-Highway end markets.
Stock Performance Snapshot
March 22, 2018 - At Thursday's closing bell, Allison Transmission Holdings' stock fell 3.34%, ending the trading session at $37.97.
Volume traded for the day: 1.05 million shares.
Stock performance in the previous six-month period – up 7.38%; and past twelve-month period – up 7.35%
After yesterday's close, Allison Transmission Holdings' market cap was at $5.32 billion.
Price to Earnings (P/E) ratio was at 16.16.
The stock has a dividend yield of 1.58%.
The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry.
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