Allison Transmission Holdings Inc

Allison Transmission Holdings Inc. refinanced approximately $508 million of its term loan debt due March 13, 2031, through Amendment No. 6 to its Credit Agreement. This opportunistic repricing reduced the applicable interest rate margin on the refinanced loans by 0.25%, leading to an estimated annual cash interest expense reduction of $1.3 million. The maturity date and all other material provisions of the term loan remain unchanged.

Allison Transmission Holdings Inc. announced that its stockholders, at the annual meeting on May 6, 2026, elected nine directors for one-year terms, ratified PricewaterhouseCoopers LLP as the independent auditor for 2026, and approved the compensation paid to named executive officers in an advisory vote. Additionally, the Compensation Committee approved Eric C. Scroggins, Chief Legal Officer and Assistant Secretary, as a Tier 1 Participant in the Executive Change in Control and Severance Plan, upgrading his previous Tier 1/2 designation.

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.

Allison Transmission Holdings Inc. reported first-quarter 2026 net sales of $1.41 billion, an 84% increase year-over-year, primarily driven by the acquisition of the Allison Off-Highway business unit. Net income decreased to $112 million, or $1.33 diluted EPS, largely due to acquisition-related costs, while adjusted diluted EPS rose 6% to $2.57. The company reaffirmed its full-year 2026 guidance, paid a quarterly dividend of $0.29 per share, and repurchased over $20 million of common stock.