Allison Transmission Holdings Inc. reported all-time high full year net sales of $3.2 billion for 2024, representing a 6 percent increase from 2023. Diluted earnings per share for the year also reached a record $8.31, up 12 percent year-over-year.
The company's strong performance was driven by unprecedented demand for Class 8 vocational vehicles in the North America On-Highway end market, which achieved record net sales of $1.8 billion. Additionally, the Defense end market saw decade-high net sales, and the Outside North America On-Highway end market achieved all-time high net sales.
For the full year 2025, Allison is guiding to another record revenue year, with net sales expected in the range of $3.2 billion to $3.3 billion. Net income is projected between $735 million and $785 million, and Adjusted EBITDA between $1.17 billion and $1.23 billion. This outlook is supported by anticipated price increases on certain products, increased demand for tracked vehicle applications, and robust North America vocational demand.
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