Quarterly ResultMay 7, 2026, 04:11 PM
Allison Transmission Q1 Net Sales $1.41B; Net Income $112M Post-Acquisition
AI Summary
Allison Transmission Holdings Inc. reported its first-quarter 2026 financial results, significantly impacted by the acquisition of Dana Incorporated's off-highway business, which closed on January 1, 2026, for $2,628 million. While net sales surged to $1,406 million, net income and basic EPS declined year-over-year, primarily due to increased interest expense and acquisition-related costs. The newly formed Allison Off-Highway segment contributed $673 million in revenue, but recorded an operating loss of $21 million in the quarter.
Key Highlights
- Acquisition of Dana's off-highway business completed on January 1, 2026, for $2,628 million.
- Q1 2026 Net Sales increased to $1,406 million from $766 million in Q1 2025.
- Q1 2026 Net Income decreased to $112 million from $192 million in Q1 2025.
- Q1 2026 Basic EPS decreased to $1.35 from $2.26 in Q1 2025.
- Allison Off-Highway segment contributed $673 million in revenue and an operating loss of $21 million.
- Total Assets increased to $8,703 million as of March 31, 2026, from $6,082 million.
- Long-term debt increased to $4,247 million as of March 31, 2026, from $2,885 million.
- Pro-forma Q1 2026 Net Income was $182 million, up from $89 million in Q1 2025.