Allison(ALSN)2025-05-01 20:15Financial Performance - First quarter net sales were $766 million, a decrease of $23 million compared to $789 million in Q1 2024[7] - Net income for the quarter was $192 million, up 14% year over year, representing 25.1% of net sales, an increase of 370 basis points year over year[5] - Diluted EPS for the quarter was $2.23, reflecting a 17% increase year over year[5] - Adjusted EBITDA for the quarter was $287 million, with an adjusted EBITDA margin of 37.5%, up 90 basis points year over year[4] - Net income for Q1 2025 increased to $192 million, up from $169 million in Q1 2024, representing a growth of 13.6%[29] - Adjusted EBITDA for Q1 2025 was $287 million, slightly down from $289 million in Q1 2024, with an adjusted EBITDA margin of 37.5% compared to 36.6%[29] Cash Flow and Operating Activities - Net cash provided by operating activities was $181 million, an increase of $8 million from $173 million in Q1 2024[10] - Net cash provided by operating activities for Q1 2025 was $181 million, an increase from $173 million in Q1 2024[29] - Cash and cash equivalents at the end of Q1 2025 were $753 million, up from $551 million at the end of Q1 2024[29] - The company reported a net cash decrease of $28 million in Q1 2025, compared to a decrease of $4 million in Q1 2024[29] Market Performance - The North America On-Highway end market saw a $15 million increase in net sales, driven by price increases and strong demand for Class 8 vocational trucks[6] Stock Repurchase and Shareholder Returns - The company repurchased over $150 million of common stock during the first quarter, representing nearly 2% of outstanding shares[3] - The company ended the first quarter with nearly $1.4 billion of authorization remaining under its stock repurchase program[3] Guidance and Projections - Full year 2025 guidance includes net sales expected in the range of $3,200 to $3,300 million and net income in the range of $735 to $785 million[11] - Full year 2025 guidance for net income (GAAP) is projected between $735 million and $785 million[34] - Adjusted EBITDA guidance for the full year 2025 is estimated to be between $1,170 million and $1,230 million[34] - Adjusted free cash flow for the full year 2025 is expected to range from $635 million to $685 million[34] Expenses - Engineering research and development expenses for the quarter were $43 million, a decrease of $3 million from the same period in 2024[9] - Interest expense for Q1 2025 decreased to $21 million from $25 million in Q1 2024[29] Capital Expenditures - Additions of long-lived assets for Q1 2025 were $26 million, compared to $11 million in Q1 2024[29]