Form 8-K
8-K — Allison Transmission Holdings Inc
Accession: 0001193125-26-204146
Filed: 2026-05-04
Period: 2026-05-04
CIK: 0001411207
SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — d138525d8k.htm (Primary)
EX-99.1 (d138525dex991.htm)
EX-99.2 (d138525dex992.htm)
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8-K
8-K (Primary)
Filename: d138525d8k.htm · Sequence: 1
8-K
Allison Transmission Holdings Inc false 0001411207 0001411207 2026-05-04 2026-05-04
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 4, 2026
ALLISON TRANSMISSION HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
001-35456
26-0414014
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
One Allison Way, Indianapolis, Indiana
46222
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (317) 242-5000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, $0.01 par value
ALSN
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02
Results of Operations and Financial Condition.
On May 4, 2026, Allison Transmission Holdings, Inc. (“Allison”) published an earnings release reporting its financial results for the three months ended March 31, 2026. A copy of the earnings release is attached as Exhibit 99.1 hereto. Following the publication of the earnings release, Allison will host an earnings call on May 4, 2026 at 5:00 p.m. ET on which its financial results for the three months ended March 31, 2026 will be discussed. The investor presentation materials that will be used for the call are attached as Exhibit 99.2 hereto.
On May 4, 2026, Allison posted the materials attached as Exhibits 99.1 and 99.2 on its website (www.allisontransmission.com).
As discussed on page 2 of Exhibit 99.2, the investor presentation contains forward-looking statements within the meaning of the federal securities laws. These statements are present expectations and are subject to the limitations listed therein and in Allison’s other Securities and Exchange Commission filings, including that actual events or results may differ materially from those in the forward-looking statements.
The foregoing information (including the exhibits hereto) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits:
Exhibit
Number
Description
99.1
Earnings release dated May 4, 2026.
99.2
Investor presentation materials dated May 4, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Allison Transmission Holdings, Inc.
Date: May 4, 2026
By:
/s/ Eric C. Scroggins
Name:
Eric C. Scroggins
Title:
Chief Legal Officer and Assistant Secretary
EX-99.1
EX-99.1
Filename: d138525dex991.htm · Sequence: 2
EX-99.1
Exhibit 99.1
News Release
Allison Announces First Quarter 2026 Results
*
Net Sales of $1,406 million, up 84% year over year, including the addition of the Allison Off-Highway business unit acquired on January 1, 2026
*
Net Income of $112 million, 8% of Net Sales
*
Diluted EPS of $1.33, Adjusted Diluted EPS of $2.57, up 6% year over year
*
Adjusted EBITDA of $362 million, 26% of Net Sales, up 22% year over year
*
First quarter results include segment reporting for Allison Transmission and Allison Off-Highway business units
INDIANAPOLIS, May 4, 2026 – Allison
Transmission Holdings Inc. (NYSE: ALSN), today reported first quarter net sales of $1,406 million with adjusted EBITDA margin of 26 percent and net cash provided by operating activities of $156 million.
David S. Graziosi, Chair, President and Chief Executive Officer of Allison commented, “Encouraging momentum in key end markets supported solid demand
for both Allison business units in the first quarter. Despite ongoing geopolitical uncertainty, we will look to capitalize on further improvement in end markets conditions throughout the year, while continuing to integrate the Allison Off-Highway business unit, maintaining focus and confidence in our synergy capture target in support of our long-term growth and value creation strategy. For the first quarter, adjusted diluted EPS was $2.57, with
expectation for the acquisition of the Allison Off-Highway business unit to be accretive to net income and diluted EPS in 2026.”
Graziosi continued, “During the first quarter, we announced the seventh consecutive annual increase to our quarterly dividend and repurchased more than
$20 million of our common stock, demonstrating Allison’s consistent commitment to returning cash to shareholders as part of our capital allocation priorities. Also during the quarter, as we progress toward our 2.0x net leverage target
with prudent balance sheet management, our strong cash flow generation enabled us to repay $150 million of amounts outstanding under our revolving credit facility.”
First quarter results include segment reporting for Allison Transmission, the Company’s legacy business, excluding certain costs now accounted for
within the Allison Central Group, and Allison Off-Highway, the business acquired from Dana Incorporated on January 1, 2026. The Allison Central Group is a centralized cost center which includes certain
functional costs that support the Company’s global operations.
Allison Consolidated First Quarter Financial Results
Net sales for the quarter were $1,406 million, including the addition of $673 million in net sales for the Allison
Off-Highway business unit.
Gross profit for the quarter was $406 million, an increase of $28 million
from $378 million for the same period in 2025. The increase was principally driven by the addition of the Allison Off-Highway business unit, partially offset by decreased gross profit in the Allison
Transmission business unit. Gross profit for the quarter was negatively impacted by approximately $76 million of expenses related to the acquisition of the Allison Off-Highway business unit, primarily
inventory step-up costs and incremental depreciation expense related to the stepped-up basis in property, plant and equipment. Gross margin for the quarter was
29 percent.
Selling, general and administrative expenses for the quarter were $157 million, an increase of $70 million from
$87 million for the same period in 2025. The increase was principally driven by the addition of the Allison Off-Highway business unit, including $21 million of amortization expense for intangible
asset recognition and approximately $17 million of one-time acquisition-related integration costs.
1
Engineering – research and development expenses for the quarter were $54 million, an increase of
$12 million from $42 million for the same period in 2025. The increase was principally driven by the addition of the Allison Off-Highway business unit, partially offset by reduced product initiatives
spending in the Allison Transmission business unit.
Net income for the quarter was $112 million, a decrease of $80 million from
$192 million for the same period in 2025. The decrease was principally driven by costs related to the acquisition of the Allison Off-Highway business unit. The year over year decrease in net income was
also driven by higher interest expense, net, partially offset by lower income tax expense. Diluted EPS for the first quarter was $1.33.
Excluding the
effect of certain non-cash, non-recurring, infrequent or unusual items, including the costs associated with the acquisition of the Allison
Off-Highway business unit, adjusted net income, a non-GAAP financial measure, was $216 million for the first quarter and adjusted diluted EPS was $2.57.
Adjusted EBITDA, a non-GAAP financial measure, was $362 million for the first quarter, an increase of
$66 million from $296 million for the same period in 2025. Adjusted EBITDA margin for the quarter was 26 percent.
Net cash provided by
operating activities for the quarter was $156 million. Adjusted free cash flow, a non-GAAP financial measure, for the quarter was $103 million.
Allison ended the first quarter with $311 million of cash and cash equivalents and $845 million of available borrowing capacity under its revolving
credit facility. Allison ended the first quarter with total debt of $4,292 million and net debt of $3,981 million.
During the first quarter,
Allison paid a quarterly dividend of $0.29 per share and repurchased over $20 million of its common stock, with $1,171 million of authorization remaining under its stock repurchase program.
Allison Transmission First Quarter Financial Highlights
Net sales for the quarter were $733 million, a 4 percent decrease from the same period in 2025.
Gross profit for the quarter was $356 million, a decrease of $22 million from $378 million for the same period in 2025. The decrease was
principally driven by lower volumes and unfavorable direct material costs, partially offset by price increases on certain products. Gross margin for the first quarter was nearly 49 percent.
Selling, general and administrative expenses for the quarter were $65 million, flat from the same period in 2025 when reflecting allocations of certain
selling, general and administrative expenses in the Allison Central Group.
Engineering – research and development expenses for the quarter were
$39 million, a decrease of $3 million from $42 million for the same period in 2025. The decrease was principally driven by reduced product initiatives spending.
Segment operating profit was $252 million, or 34 percent of net sales, for the first quarter. Adjusted EBITDA, a
non-GAAP financial measure, was $276 million for the first quarter. Adjusted EBITDA margin for the quarter was 38 percent.
Allison Off-Highway First Quarter Financial Highlights
Net sales for the quarter were $673 million.
Gross profit
for the quarter was $50 million, including approximately $76 million of expense related to the stepped-up basis in inventory and incremental depreciation expense related to the stepped-up basis in property, plant and equipment.
Selling, general and administrative expenses for the quarter were
$56 million, including $21 million of amortization expense for intangible asset recognition. Engineering – research and development expenses for the quarter were $15 million.
Segment operating loss was $(21) million, or (3) percent of net sales, for the first quarter. Adjusted EBITDA, a
non-GAAP financial measure, was $98 million for the first quarter. Adjusted EBITDA margin for the quarter was 15 percent.
2
Full Year 2026 Guidance Update
Given first quarter results, while taking into consideration current macroeconomic and geopolitical uncertainty, we are reaffirming our full year 2026 guidance
provided to the market on February 23, 2026. Allison expects:
•
Consolidated net sales in the range of $5,575 to $5,925 million
•
Net sales for the Allison Transmission business unit in the range of $3,025 to $3,175 million
•
Net sales for the Allison Off-Highway business unit in the range of
$2,550 to $2,750 million
•
Consolidated net income in the range of $600 to $750 million, subject to the completion of purchase price
accounting associated with the acquisition of the Allison Off-Highway business unit
•
Net income guidance includes more than $100 million of one-time, pre-tax expenses associated with the separation, integration and restructuring of the Allison Off-Highway business unit. Including
one-time costs, the Allison Off-Highway acquisition is expected to be accretive to net income and diluted EPS in 2026
•
Consolidated adjusted EBITDA in the range of $1,365 to $1,515 million
•
Consolidated net cash provided by operating activities in the range of $970 to $1,100 million, including
approximately $55 million of one-time cash outlays associated with the acquisition of the Allison Off-Highway business unit
•
Consolidated capital expenditures in the range of $295 to $315 million, including one-time separation and integration capital expenditures of approximately $45 million
•
Consolidated adjusted free cash flow in the range of $655 to $805 million
3
Conference Call and Webcast
The Company will host a conference call at 5:00 p.m. EDT on Monday, May 4, 2026 to discuss its first quarter 2026 results. The dial-in phone number for the conference call is +1-877-425-9470 and the international dial-in number is +1-201-389-0878. A live webcast of the conference call will also be available
online at https://ir.allisontransmission.com.
For those unable to participate in the conference call, a replay will be available from 9:00 p.m. EDT on
May 4 until 11:59 p.m. EDT on May 18. The replay dial-in phone number is
+1-844-512-2921 and the international replay dial-in number is +1-412-317-6671. The replay passcode is 13760157.
About Allison
Allison (NYSE: ALSN) is a global leader in
high-performance mobility and work solutions built for the needs of the modern industrial world. Allison operates through two business units: Allison Transmission and Allison Off-Highway Drive &
Motion Systems. Headquartered in Indianapolis, Indiana, USA, the Company manufactures solutions which offer industry-leading value propositions across vital sectors such as infrastructure, mining, energy, agriculture, construction, transportation
and national security. For over 110 years, Allison has been recognized as a reliable partner of choice, keeping essential industries moving anytime, in over 150 countries around the world. For more information,
visit https://allisontransmission.com.
Forward-Looking Statements
This press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,”
“estimate” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking
statements. Although forward-looking statements reflect management’s good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the
statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to
numerous risks and uncertainties, including, but not limited to: the significant costs we are expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business of
Dana Incorporated (now referred to as the “Allison Off-Highway Business”); our ability to successfully integrate the Allison Off-Highway Business and its
operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Allison Off-Highway Business and its operations and to effectively manage our expanded
operations; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs,
including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of
our customers or suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the
risk of prolonged inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of
our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these customers; cybersecurity risks to our
operational systems, security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and
development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our
products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and
collaborations; and risks related to our indebtedness.
4
Use of Non-GAAP Financial Measures
This press release contains information about Allison’s financial results and forward-looking estimates of financial results that are not presented in
accordance with accounting principles generally accepted in the United States (“GAAP”). Such non-GAAP financial measures are reconciled to their most directly comparable GAAP financial measures at
the end of this press release. Non-GAAP financial measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be
comparable to other similarly titled measures of other companies.
We use adjusted earnings before interest, taxes, depreciation, and amortization
(“EBITDA”) and adjusted EBITDA as a percent of net sales (“adjusted EBITDA margin”) to measure our operating profitability. We believe that adjusted EBITDA and adjusted EBITDA margin provide management, investors and
creditors with useful measures of the operational results of our business and increase the period-to-period comparability of our operating profitability. Adjusted EBITDA margin is also used in the calculation of management’s incentive
compensation program. The most directly comparable GAAP measure to adjusted EBITDA and adjusted EBITDA margin is net income or segment operating profit (loss) in the case of our segments and net income as a percent of net sales (“net income
margin”) or segment operating profit (loss) as a percent of net sales in the case of our segments, respectively. Adjusted EBITDA is calculated as earnings before interest expense, net, income tax expense, amortization of intangible assets,
depreciation of property, plant and equipment and other adjustments as defined by the Second Amended and Restated Credit Agreement dated as of March 29, 2019, as amended, governing Allison Transmission, Inc.’s term loans and revolving credit
facility. Adjusted EBITDA margin is calculated as adjusted EBITDA divided by net sales.
In addition, we believe adjusted net income, adjusted basic
earnings per share attributable to common stockholders (“adjusted basic EPS”) and adjusted diluted earnings per share attributable to common stockholders (“adjusted diluted EPS”) provide management, investors and creditors
with useful measures of our core business performance and trends and increase the period-to-period comparability of our results of operations. The most directly comparable GAAP measure to adjusted net income, adjusted basic EPS and adjusted diluted
EPS is net income, basic earnings per share attributable to common stockholders (“basic EPS”) and diluted earnings per share attributable to common stockholders (“diluted EPS”), respectively. Adjusted net income is calculated
as net income excluding the effect of certain non-cash, non-recurring, infrequent or unusual items such as: amortization related to acquired intangible assets, depreciation of property, plant and equipment related to the stepped-up basis of acquired
assets, step-up in basis of acquired inventory, stock-based compensation expense, acquisition-related expenses, impairment charges, other one-off adjustments and the tax effect of the adjustments. Adjusted basic EPS is calculated by dividing
adjusted net income by the weighted average shares of common stock outstanding and adjusted diluted EPS is calculated by dividing adjusted net income by the diluted weighted average shares of common stock outstanding.
We use adjusted free cash flow to evaluate the amount of cash generated by our business that, after the capital investment needed to maintain and grow our
business and certain mandatory debt service requirements, can be used for repayment of debt, stockholder distributions and strategic opportunities, including investing in our business. We believe that adjusted free cash flow enhances the
understanding of the cash flows of our business for management, investors and creditors. Adjusted free cash flow is also used in the calculation of management’s incentive compensation program. The most directly comparable GAAP measure to
adjusted free cash flow is net cash provided by operating activities. Adjusted free cash flow is calculated as net cash provided by operating activities after cash used for additions of long-lived assets.
Attachments
•
Condensed Consolidated Statements of Operations
•
Condensed Consolidated Balance Sheets
•
Condensed Consolidated Statements of Cash Flows
•
Reconciliations of GAAP to Non-GAAP Financial Measures
•
Reconciliation of GAAP to Non-GAAP Financial Measures for Full Year
Guidance
Contacts
Jackie Bolles
Executive Director, Treasury and Investor Relations
jacalyn.bolles@allisontransmission.com
(317) 242-7073
Media Relations
media@allisontransmission.com
(317) 694-2065
5
Allison Transmission Holdings, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, dollars in millions, except per share data)
Allison Transmission
Allison Off-Highway
Central Group Finance
Consolidated
Three months ended
March 31,
Three months ended
March 31,
Three months ended
March 31,
Three months ended
March 31,
2026
2025
2026
2025
2026
2025
2026
2025
Net sales
$
733
$
766
$
673
$
—
$
—
$
—
$
1,406
$
766
Cost of sales
377
388
623
—
—
—
1,000
388
Gross profit
356
378
50
—
—
—
406
378
Selling, general and administrative
65
65
56
—
36
22
157
87
Engineering - research and development
39
42
15
—
—
—
54
42
Operating income (loss)
$
252
$
271
$
(21
)
$
—
$
(36
)
$
(22
)
195
249
Interest expense, net
(61
)
(21
)
Other (expense) income, net
(2
)
5
Income before income taxes
132
233
Income tax expense
(20
)
(41
)
Net income
$
112
$
192
Basic earnings per share attributable to common stockholders
$
1.35
$
2.26
Diluted earnings per share attributable to common stockholders
$
1.33
$
2.23
6
Allison Transmission Holdings, Inc.
Condensed Consolidated Balance Sheets
(Unaudited, dollars in millions)
March 31,
2026
December 31,
2025
ASSETS
Current Assets
Cash and cash equivalents
$
311
$
1,495
Accounts receivable, net
892
333
Inventories
835
316
Other current assets
264
89
Total Current Assets
2,302
2,233
Property, plant and equipment, net
1,667
862
Intangible assets, net
1,685
794
Goodwill
2,827
2,075
Other non-current assets
268
118
TOTAL ASSETS
$
8,749
$
6,082
LIABILITIES
Current Liabilities
Accounts payable
$
728
$
190
Product warranty liability
61
34
Current portion of long-term debt
20
5
Deferred revenue
76
34
Other current liabilities
362
197
Total Current Liabilities
1,247
460
Product warranty liability
60
50
Deferred revenue
103
103
Long-term debt
4,247
2,885
Deferred income taxes
890
557
Other non-current liabilities
299
160
TOTAL LIABILITIES
6,846
4,215
TOTAL STOCKHOLDERS’ EQUITY
1,903
1,867
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY
$
8,749
$
6,082
7
Allison Transmission Holdings, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited, dollars in millions)
Three months ended March 31,
2026
2025
Net cash provided by operating activities
$
156
$
181
Net cash used for investing activities (a) (b)
(2,616
)
(26
)
Net cash provided by (used for) financing activities
1,280
(184
)
Effect of exchange rate changes on cash
(4
)
1
Net decrease in cash and cash equivalents
(1,184
)
(28
)
Cash and cash equivalents at beginning of period
1,495
781
Cash and cash equivalents at end of period
$
311
$
753
Supplemental disclosures:
Interest paid
$
(41
)
$
(27
)
Income taxes paid
$
(11
)
$
(2
)
Interest received from interest rate swaps
$
—
$
2
(a) Business acquisition, net of cash acquired
$
(2,563
)
$
—
(b) Additions of long-lived assets
$
(53
)
$
(26
)
8
Allison Transmission Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited, dollars in millions)
Three months ended
March 31,
2026
2025
Net income (GAAP)
$
112
$
192
plus:
Interest expense, net
61
21
Depreciation of property, plant and equipment
44
28
Amortization expense
23
2
Income tax expense
20
41
Recognition of the stepped-up basis in inventory
(a)
63
—
Acquisition-related expenses (b)
17
9
Depreciation of the stepped up basis in property, plant and equipment (c)
13
—
Stock-based compensation expense (d)
7
6
Unrealized gain on marketable securities (e)
(3
)
(3
)
Other (f)
5
—
Adjusted EBITDA (Non-GAAP)
$
362
$
296
Net sales (GAAP)
$
1,406
$
766
Net income as a percent of Net sales (GAAP)
8.0
%
25.1
%
Adjusted EBITDA as a percent of Net sales
(Non-GAAP)
25.7
%
38.6
%
Net cash provided by operating activities (GAAP)
$
156
$
181
Deductions to reconcile to Adjusted free cash flow:
Additions of long-lived assets
(53
)
(26
)
Adjusted free cash flow (Non-GAAP)
$
103
$
155
(a)
Represents the recognition of the stepped-up basis in inventory related
to our acquisition of the Dana Off-Highway business (the “Acquisition”) (recorded in Cost of sales).
(b)
Represents acquisition-related expenses (recorded in Selling, general and administrative), primarily consulting
and legal fees, related to the Acquisition.
(c)
Represents depreciation of the stepped-up basis in property, plant and
equipment related to the Acquisition (recorded in Cost of sales).
(d)
Represents stock-based compensation expense (recorded in Selling, general and administrative).
(e)
Represents gains (recorded in Other (expense) income, net) related to an investment in the common stock of Jing-Jin Electric Technologies Co. Ltd.
(f)
Represents other adjustments as defined by the Second Amended and Restated Credit Agreement dated as of
March 29, 2019 as amended.
9
Allison Transmission Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited, dollars in millions)
Allison Transmission
Allison Off-Highway
Central
Group Function
Consolidated
Three months ended
Three months ended
Three months ended
Three months ended
March 31,
March 31,
March 31,
March 31,
2026
2025
2026
2025
2026
2025
2026
2025
Segment Operating Profit/(Loss) (GAAP)
$
252
$
271
$
(21
)
$
—
$
(36
)
$
(22
)
$
195
$
249
plus:
Depreciation of property, plant and equipment
30
28
14
—
—
—
44
28
Amortization expense
1
2
22
—
—
—
23
2
Recognition of the stepped-up basis in inventory
(a)
—
—
63
—
—
—
63
—
Acquisition-related expenses (b)
—
—
—
—
17
9
17
9
Depreciation of the stepped up basis in property, plant and equipment (c)
—
—
13
—
—
—
13
—
Stock-based compensation expense (d)
—
—
—
—
7
6
7
6
Other (e)
(7
)
2
7
—
—
—
—
2
Adjusted EBITDA (Non-GAAP)
$
276
$
303
$
98
$
—
$
(12
)
$
(7
)
$
362
$
296
Net sales (GAAP)
$
733
$
766
$
673
$
—
$
—
$
—
$
1,406
$
766
Segment Operating Profit/(Loss) as a percent of Net sales (GAAP)
34.4
%
35.4
%
-3.1
%
—
—
—
13.9
%
32.5
%
Adjusted EBITDA as a percent of Net sales
(Non-GAAP)
37.7
%
39.6
%
14.6
%
—
—
—
25.7
%
38.6
%
(a)
Represents the recognition of the stepped-up basis in inventory related
to the Acquisition (recorded in Cost of sales).
(b)
Represents acquisition-related expenses (recorded in Selling, general and administrative), primarily consulting
and legal fees, related to the Acquisition.
(c)
Represents depreciation of the stepped-up basis in property, plant and
equipment related to the Acquisition (recorded in Cost of sales).
(d)
Represents stock-based compensation expense (recorded in Selling, general and administrative).
(e)
Represents gains and losses (recorded in Other (expense) income, net) to reconcile to Adjusted EBITDA.
10
Allison Transmission Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited, dollars in millions)
Three months ended
March 31,
2026
2025
Net income (GAAP)
$
112
$
192
plus:
Recognition of the stepped-up basis in inventory
(a)
63
—
Amortization expense
23
2
Acquisition-related expenses (b)
17
9
Depreciation of the stepped up basis in property, plant and equipment (c)
13
—
Stock-based compensation expense (d)
7
6
Income tax effect on adjustments (e)
(19
)
(3
)
Adjusted net income (Non-GAAP)
$
216
$
206
Basic EPS (GAAP)
$
1.35
$
2.26
Diluted EPS (GAAP)
$
1.33
$
2.23
Adjusted basic EPS (Non-GAAP) (f)
$
2.60
$
2.46
Adjusted diluted EPS (Non-GAAP) (f)
$
2.57
$
2.43
(a)
Represents the recognition of the stepped-up basis in inventory related
to the Acquisition (recorded in Cost of sales).
(b)
Represents acquisition-related expenses (recorded in Selling, general and administrative), primarily consulting
and legal fees, related to the Acquisition.
(c)
Represents depreciation of the stepped-up basis in property, plant and
equipment related to the Acquisition (recorded in Cost of sales).
(d)
Represents stock-based compensation expense (recorded in Selling, general and administrative).
(e)
Represents the income tax effect on the adjustments calculated by applying our effective tax rate.
(f)
Adjusted basic EPS and Adjusted diluted EPS are Non-GAAP financial
measures are defined as Adjusted net income divided by the weighted average common shares outstanding and diluted weighted average shares outstanding, respectively, for the period. The weighted-average common shares outstanding and diluted
weighted-average common shares outstanding are the same as those used in calculating the comparable GAAP measures.
11
Allison Transmission Holdings, Inc.
Reconciliation of GAAP to Non-GAAP Financial Measures for Full Year Guidance
(Unaudited, dollars in millions)
Guidance
Year Ending December 31, 2026
Low
High
Net income (GAAP)
$
600
$
750
plus:
Income tax expense
125
175
Depreciation of property, plant and equipment (a)
210
200
Interest expense, net
210
200
Amortization of intangible assets
85
75
Recognition of the stepped-up basis in inventory
(b)
65
65
Acquisition-related expenses (c)
40
30
Stock-based compensation expense (d)
30
20
Unrealized gain on marketable securities (e)
(15
)
(15
)
Restructuring & One-Time expenses (f)
15
15
Adjusted EBITDA (Non-GAAP)
$
1,365
$
1,515
Net cash provided by Operating activities (GAAP)
$
970
$
1,100
Deductions to reconcile to Adjusted free cash flow:
Additions of long-lived assets (g)
$
(315
)
$
(295
)
Adjusted free cash flow (Non-GAAP)
$
655
$
805
(a)
Includes depreciation of the stepped-up basis in property, plant and
equipment related to the Acquisition (recorded in Cost of sales).
(b)
Represents the recognition of the stepped-up basis in inventory related
to the Acquisition (recorded in Cost of sales).
(c)
Represents acquisition-related expenses (recorded in Selling, general and administrative), primarily consulting
and legal fees, related to our acquisition of the Dana Off-Highway business (the “Acquisition”).
(d)
Represents stock-based compensation expense (recorded in Cost of sales, Selling, general and administrative,
and Engineering — research and development).
(e)
Represents gains (recorded in Other (expense) income, net) related to an investment in common stock of Jing-Jin Electric Technologies Co. Ltd.
(f)
Includes one-time restructuring costs, minority interest and one-time employee retention costs
(g)
Includes one-time acquisition-related investments
12
EX-99.2
EX-99.2
Filename: d138525dex992.htm · Sequence: 3
EX-99.2
Q1 2026 Earnings Release May 4, 2026
Dave Graziosi – Chair, President & CEO Scott Mell – CFO & Treasurer Fred Bohley – COO & Allison Transmission President Craig Price – Allison Off-Highway President Exhibit 99.2
Safe Harbor Statement The following
information contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions of or indicate future events
and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management’s good faith beliefs,
reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future
results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: the significant costs we are
expected to incur in connection with the integration of the Off-Highway Drive & Motion Systems business of Dana Incorporated (now referred to as the “Allison Off-Highway Business”); our ability to successfully integrate the Allison
Off-Highway Business and its operations in the expected time frame; our ability to realize all of the anticipated benefits from the integration of the Allison Off-Highway Business and its operations and to effectively manage our expanded operations;
our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with
respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or
suppliers, including as a result of geopolitical risks, natural disasters, extreme weather events, wars and public health crises such as pandemics; global economic volatility; general economic and industry conditions, including the risk of prolonged
inflation and recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users
operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these customers; cybersecurity risks to our operational systems,
security systems or infrastructure owned by us or our third-party vendors and suppliers; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the
outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism and tariffs; the discovery of defects in our products, resulting in delays
in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks
related to our indebtedness. Allison cannot assure you that the assumptions made in preparing any of the forward-looking statements will prove accurate or that any long-term financial goals will be realized. All forward-looking statements included
in this presentation speak only as of the date made, and Allison undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise. In particular, Allison
cautions you not to place undue weight on certain forward-looking statements pertaining to potential growth opportunities or long-term financial goals set forth herein. Actual results may vary significantly from these statements. Allison business is
subject to numerous risks and uncertainties, which may cause future results of operations to vary significantly from those presented herein. Important factors that could cause actual results to differ materially are discussed in Allison Annual
Report on Form 10-K for the year ended December 31, 2025.
Non-GAAP Financial Information 3 We
use adjusted earnings before interest, taxes, depreciation, and amortization (“EBITDA”) and adjusted EBITDA as a percent of net sales (“adjusted EBITDA margin”) to measure our operating profitability. We believe that adjusted
EBITDA and adjusted EBITDA margin provide management, investors and creditors with useful measures of the operational results of our business and increase the period-to-period comparability of our operating profitability. Adjusted EBITDA margin is
also used in the calculation of management’s incentive compensation program. The most directly comparable GAAP measure to adjusted EBITDA and adjusted EBITDA margin is net income or segment operating profit (loss) in the case of our segments
and net income as a percent of net sales (“net income margin”) or segment operating profit (loss) as a percent of net sales in the case of our segments, respectively. Adjusted EBITDA is calculated as earnings before interest expense,
net, income tax expense, amortization of intangible assets, depreciation of property, plant and equipment and other adjustments as defined by the Second Amended and Restated Credit Agreement dated as of March 29, 2019, as amended, governing Allison
Transmission, Inc.’s term loans and revolving credit facility. Adjusted EBITDA margin is calculated as adjusted EBITDA divided by net sales. In addition, we believe adjusted net income, adjusted basic earnings per share attributable to common
stockholders (“adjusted basic EPS”) and adjusted diluted earnings per share attributable to common stockholders (“adjusted diluted EPS") provide management, investors and creditors with useful measures of our core business
performance and trends and increase the period-to-period comparability of our results of operations. The most directly comparable GAAP measure to adjusted net income, adjusted basic EPS and adjusted diluted EPS is net income, basic earnings per
share attributable to common stockholders (“basic EPS”) and diluted earnings per share attributable to common stockholders (“diluted EPS"), respectively. Adjusted net income is calculated as net income excluding the effect of
certain non-cash, non-recurring, infrequent or unusual items such as: amortization related to acquired intangible assets, depreciation of property, plant and equipment related to the stepped-up basis of acquired assets, step-up in basis of acquired
inventory, stock-based compensation expense, acquisition-related expenses, impairment charges, other one-off adjustments and the tax effect of the adjustments. Adjusted basic EPS is calculated by dividing adjusted net income by the weighted average
shares of common stock outstanding and adjusted diluted EPS is calculated by dividing adjusted net income by the diluted weighted average shares of common stock outstanding. We use adjusted free cash flow to evaluate the amount of cash generated by
our business that, after the capital investment needed to maintain and grow our business and certain mandatory debt service requirements, can be used for repayment of debt, stockholder distributions and strategic opportunities, including investing
in our business. We believe that adjusted free cash flow enhances the understanding of the cash flows of our business for management, investors and creditors. Adjusted free cash flow is also used in the calculation of management’s incentive
compensation program. The most directly comparable GAAP measure to adjusted free cash flow is net cash provided by operating activities. Adjusted free cash flow is calculated as net cash provided by operating activities after cash used for additions
of long-lived assets.
Call Agenda Business Update Q1
Financial Performance 2026 Guidance Update
Execution is tracking with internal
planning, proceeding in a disciplined and structured manner Q1 2026 Allison Business Update ($ in millions, variance % from Q1 2025) Integration Initial phases of synergy realization taking shape across several key areas, with value capture expected
later in 2026 Remain confident in achieving target of $120 million of annual run-rate synergies Value Capture Accelerating combined businesses’ current growth objectives while multiplying future global growth opportunities Combined company has
strong global reach and footprint, with more “Local for Local” production to meet commercial and government customers’ requirements Opportunities for cost reductions across product portfolios through manufacturing in best-cost
countries and leverage with increased purchasing scale Key Acquisition Rationale Welcome Week at Arco, Italy Allison Transmission North America On-Highway end market cautiously optimistic, balancing positive order trends with uncertainty surrounding
geopolitical impacts, including tariffs, and emissions regulations Continued strength in Defense end market with global defense spending reaching highest level since 2009 Allison Off-Highway Mining end market strong, with mineral prices, including
key commodities such as gold, copper and rare-earth minerals elevated globally, driving demand for equipment Construction end market improvement in Europe Agriculture end market showing green shoots in certain segments and regions, but overall muted
environment driven by commodity prices and farmer profitability Net Sales $1,406 +84% Year-over-year increase driven by addition of the Allison Off-Highway business unit, partially offset by 4 percent decrease in the Allison Transmission business
unit
Q1 2026 Net Sales Performance –
Allison Transmission End Markets North America On-Hwy Market showing signs of stabilization although uncertainty remains around geopolitical impacts, including tariffs, and emissions regulations. Class 8 vocational truck demand driven by
infrastructure spending and megaprojects. Medium-duty truck demand impacted by consumer spending and overall macroeconomic health. Q1 2026 Variance Commentary Outside North America On-Hwy Global Off-Hwy Defense Service Parts, Support Equipment &
Other Total European Union economic stabilization to be determined due to conflict in Middle East. Penetration initiatives in Asia Pacific with near-term impacted by regional economic differences. Trend of increased automaticity drives long-term
growth opportunities. Implications for hydraulic frac due to conflict in Middle East uncertain. Mining strong due to elevated commodity prices and global growth initiatives. Continued strength from International customers, primarily in tracked
programs, with new and legacy products. Growth outlook bullish with global defense budgets increasing and national security more relevant to nations. Global parts outlook impacted by increased fleet ages across multiple sectors and fielded
population outside of warranty. Support equipment driven by transmission volume. $375 (14%) $110 (2%) $8 (56%) $87 64% $153 3% $733 (4%) ($ in millions, variance % from Q1 2025)
Q1 2026 Net Sales Performance –
Allison Off-Highway ($ in millions) End Markets Construction & Material Handling Global construction markets seeing steadier investments, while rate-sensitive residential segments lag. European construction showing signs of strength but to be
determined impacts from conflict in Middle East. Americas construction weak due to lower telehandler production. Warehousing and e-commerce activities driving demand for fork trucks Q1 2026 Commentary Agriculture Industrial Mining Service Parts,
Specialty & Other Total Commodity prices remain low, although impacts from Middle East conflict to be seen. High-horsepower slower with margins at farms important for new equipment purchases. Growth in low-horsepower in India. Large machine
projects, industrial output and manufacturing health driven by interest rate environment. Mineral prices, including key commodities such as gold, copper and rare-earth minerals remain elevated globally, driving demand for equipment. Increased fleet
ages across multiple sectors impacting global parts outlook. $227 $154 $90 $50 $152 $673
8 Q1 2026 Allison Financial
Performance Segment Performance Consolidated Performance Allison Transmission Allison Off-Highway Allison Central Group Income tax expense Interest expense, net Other income (expense), net Income before income taxes Net Income Diluted EPS Adjusted
Diluted EPS* Adjusted EBITDA** Net Income as a % of Net Sales Engineering – research and development $ in millions, except per share data Net Sales Cost of Sales Gross Profit Selling, general and administrative Operating Income Engineering
– research and development $ in millions Net Sales Cost of Sales Gross Profit Selling, general and administrative Operating Income / (Loss) $733 $673 - $377 $623 - $356 $50 - $65 $56 $36 $39 $15 - $252 ($21) ($36) Q1 2026 Q1 2025 Variance
$1,406 $766 $640 $1,000 $388 $612 $406 $378 $28 $157 $87 $70 $54 $42 $12 $195 $249 ($54) ($61) ($21) ($40) ($2) $5 ($7) $132 $233 ($101) ($20) ($41) $21 $112 $192 ($80) $1.33 $2.23 ($0.90) $2.57 $2.43 $0.14 $362 $296 $66 8% 25% (1700 bps) *See
Appendix for the reconciliation from Net Income to Adjusted Net Income, Basic EPS to Adjusted Basic EPS and Diluted EPS to Adjusted Diluted EPS **See Appendix for the reconciliation from Net Income and Net Income as a percentage of Net Sales ***See
Appendix for the reconciliation from Segment Operating Income / (Loss) and Segment Operating Income / (Loss) as a percentage of Net Sales Adjusted EBITDA*** $276 $98 ($12) Adjusted EBITDA Margin*** 38% 15% - Allison Central Group is a centralized
cost center which includes certain functional costs that support the company’s global operations Allison Off-Highway cost of sales includes unfavorable one-time impacts from $76 million of inventory and fixed asset stepped-up basis Adjusted
Diluted EPS, a non-GAAP financial measure, excludes approximately $100 million of acquisition-related expenses, including stepped-up basis impacts, as well as intangible amortization and stock-based compensation expense Operating Income / (Loss) as
a % of Net Sales 34% (3%) - Adjusted EBITDA Margin** 26% 39% (1300 bps)
Adjusted Free Cash Flow*** Q1 2026
Allison Cash Flow, Liquidity & Leverage 9 *See Appendix for the reconciliation from Net income to Adjusted Net Income, Basic EPS to Adjusted Basic EPS and Diluted EPS to Adjusted Diluted EPS **See Appendix for the reconciliation from Net Income
and Net Income as a percentage of Net Sales ***See Appendix for the reconciliation from Net Cash Provided by Operating Activities Capital Allocation Q1 2026 Debt Repayment $150 Adjusted EBITDA** $362 Expected recoveries in key end markets, including
NA On-Highway in the Allison Transmission business unit and Agriculture, as well as Mining, in the Allison Off-Highway business unit, along with synergy realization, will drive Adj. EBITDA margin higher ($ in millions, except per share data) Allison
Consolidated Q1 2026 Adjusted EBITDA Margin** 26% $156 $103 Liquidity & Leverage as of March 31, 2026 Cash and Available Borrowing Capacity $1,156 $845 million of available revolving credit facility commitments and $311 million of cash on hand
Net Debt $3,981 $150 million payment towards revolving credit facility in the first quarter of 2026 Net Leverage Ratio < 3.0x Based on pro-forma LTM Adjusted EBITDA** including addition of Allison Off-Highway business unit Net Leverage Target
2.0x Reduction in near-term through increased earnings and debt repayments Strong cash generation enables capital to be allocated opportunistically, with investments for growth, debt reduction to achieve near-term leverage targets and capital
returned to shareholders through share repurchases and quarterly dividends Net Cash Provided by Operating Activities Capital Expenditures $53 Dividend Payments $25 Share Repurchases $20 Adjusted Diluted EPS* $2.57 Increased 6% year-over-year with
immediate accretion from Allison Off-Highway acquisition
Business Unit *Subject to the
completion of purchase price accounting associated with the acquisition of the Allison Off-Highway business unit **See Appendix for the Guidance Reconciliation $3,025 to $3,175 Allison Transmission Consolidated Allison Off-Highway Net Sales $2,550
to $2,750 $5,575 to $5,925 $600 to $750 $1,365 to $1,515 $970 to $1,100 $295 to $315 $655 to $805 Net Sales Net Income* Adjusted EBITDA** Net Cash Provided by Operating Activities Capital Expenditures Adjusted Free Cash Flow** ($ in millions) Given
first quarter results, while taking into consideration current macroeconomic and geopolitical uncertainty, we are reaffirming our full year 2026 guidance provided to the market on February 23rd Full Year 2026 Guidance Update
Appendix Non-GAAP Financial
Information
Non-GAAP Reconciliations (1 of 5)
Adjusted EBITDA Reconciliation Three months ended March 31, 2026 includes the addition of the Allison Off-Highway business unit. All other time periods shown reflect only the legacy Allison Transmission business unit.
13 Non-GAAP Reconciliations (2 of
5) Segment Adjusted EBITDA Reconciliation ($ in millions)
Non-GAAP Reconciliations (3 of 5)
Adjusted Net Income and Earnings Per Share Reconciliation Three months ended March 31, 2026 includes the addition of the Allison Off-Highway business unit.
15 Non-GAAP Reconciliations (4 of
5) Three months ended March 31, 2026 includes the addition of the Allison Off-Highway business unit. All other time periods shown reflect only the legacy Allison Transmission business unit. Adjusted Free Cash Flow Reconciliation
Non-GAAP Reconciliations (5 of 5)
Guidance Reconciliation
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Document and Entity Information
May 04, 2026
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Document Period End Date
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Entity Incorporation State Country Code
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Entity File Number
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Entity Tax Identification Number
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Entity Address, Address Line One
One Allison Way
Entity Address, City or Town
Indianapolis
Entity Address, State or Province
IN
Entity Address, Postal Zip Code
46222
City Area Code
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242-5000
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dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration