Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/23/2014 5:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Allison’s Second-Quarter Earnings Rise


Allison Transmissions Inc.

Allison Transmission Holdings reported its second-quarter net income increased on continued recovery of the North American on- and off-highway markets.

Indianapolis-based Allison earned $57.2 million, or 32 cents per share, up from $50.5 million, or 27 cents per share in the same period in 2013. Revenue rose 5% to $536 million.

On-highway sales in North America increased 13% to $243 million in the second quarter, and off-highway sales jumped 188% to $23 million.

The company said the dramatic rise in off-highway sales was driven by higher demand from hydraulic fracturing uses.

“Our second-quarter 2014 results are within the full-year guidance ranges we affirmed on April 16. Net sales improved on a year-over-year basis for the third consecutive quarter, led by the continued recoveries in the North America on-highway and off-highway end markets partially offset by weakness in the outside North America end markets,” Allison Chairman and CEOP Lawrence Dewey said in a statement.

By Transport Topics


Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.


 

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement