Given first half of 2024 results and current end markets conditions, the company raised its full year 2024 revenue, earnings and cash flow guidance. Allison expects 2024 Net Sales in the range of $3,090 to $3,170 million, Net Income in the range of $650 to $700 million, Adjusted EBITDA in the range of $1,085 to $1,145 million, Net Cash Provided by Operating Activities in the range of $715 to $775 million, Capital Expenditures in the range of $125 to $135 million, and Adjusted Free Cash Flow in the range of $590 to $640 million.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALSN:
- Allison Transmission partners with Cummins to test natural gas engine
- ALSN Upcoming Earnings Report: What to Expect?
- Allison Transmission forms partnership with Lingong Heavy Machinery Co.
- Allison Transmission signs contract with BAE Systems
- Allison Transmission initiated with an Outperform at Raymond James
Questions or Comments about the article? Write to editor@tipranks.com