Class 8 Vocational Demand Powers Allison Q4 Profit, Revenue
Transmission OEM Expects Trend to Continue This Year
A worker assembles a transmission at Allison’s Indianapolis plant. (Karen Kay Marlett Photography)
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Allison Transmission‘s profit and revenue rose in the fourth quarter of 2024 on the back of increased Class 8 vocational North American on-highway demand, the company said Feb. 11.
Executives at Indianapolis-based Allison said more of the same is expected this year.
The automatic manual transmission manufacturer posted net income for the most recent quarter of $175 million, up $5 million or 2.9% from $170 million in the year-ago period.
Net sales for the quarter totaled $796 million, up $21 million or 2.7% from $775 million in the 2023 period.
The company’s revenue beat consensus analyst expectations. …
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