Allison Transmission Declares Quarterly Dividend
May 03 2023 - 4:05PM
Business Wire
Allison Transmission Holdings Inc. (NYSE: ALSN) today announced
that its Board of Directors has declared a cash dividend of $0.23
per share on the Company’s common stock for the second quarter of
2023. Payment will be made on May 31, 2023, to stockholders of
record at the close of business on May 15, 2023.
The payment of any future dividends will be at the discretion of
the Board of Directors and will be dependent upon Allison
Transmission’s financial position, results of operations, available
cash, cash flow, capital requirements and other factors deemed
relevant by the Board of Directors.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and
manufacturer of propulsion solutions for commercial and defense
vehicles and the largest global manufacturer of medium- and
heavy-duty fully automatic transmissions that Improve the Way the
World Works. Allison products are used in a wide variety of
applications, including on-highway trucks (distribution, refuse,
construction, fire and emergency), buses (school, transit and
coach), motorhomes, off-highway vehicles and equipment (energy,
mining and construction applications) and defense vehicles
(tactical wheeled and tracked). Founded in 1915, the company is
headquartered in Indianapolis, Indiana, USA. With a presence in
more than 150 countries, Allison has regional headquarters in the
Netherlands, China and Brazil, manufacturing facilities in the USA,
Hungary and India, as well as global engineering resources,
including electrification engineering centers in Indianapolis,
Indiana, Auburn Hills, Michigan and London in the United Kingdom.
Allison also has more than 1,600 independent distributor and dealer
locations worldwide. For more information, visit
allisontransmission.com.
Forward-Looking Statements
This press release contains forward-looking statements. The
words “believe,” “expect,” “anticipate,” “intend,” “estimate” and
other expressions that are predictions of or indicate future events
and trends and that do not relate to historical matters identify
forward-looking statements. You should not place undue reliance on
these forward-looking statements. Although forward-looking
statements reflect management’s good faith beliefs, reliance should
not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors, which may
cause actual results, performance or achievements to differ
materially from anticipated future results, performance or
achievements expressed or implied by such forward-looking
statements. Forward-looking statements speak only as of the date
the statements are made. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events, changed circumstances or
otherwise. These forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to: increases
in cost, disruption of supply or shortage of labor, freight, raw
materials, energy or components used to manufacture or transport
our products or those of our customers or suppliers, including as a
result of the war in Ukraine and the COVID-19 pandemic; global
economic volatility; the duration and spread of the COVID-19
pandemic, including new variants of the virus and the pace and
availability of vaccines and boosters, mitigating efforts deployed
by government agencies and the public at large, and the overall
impact from such outbreak on economic conditions, financial market
volatility and our business, including but not limited to the
operations of our manufacturing and other facilities, the
availability of labor, our supply chain, our distribution processes
and demand for our products and the corresponding impacts to our
net sales and cash flow; our participation in markets that are
competitive; our ability to prepare for, respond to and
successfully achieve our objectives relating to technological and
market developments, competitive threats and changing customer
needs, including with respect to electric hybrid and fully electric
commercial vehicles; the highly cyclical industries in which
certain of our end users operate; uncertainty in the global
regulatory and business environments in which we operate; the
concentration of our net sales in our top five customers and the
loss of any one of these; the failure of markets outside North
America to increase adoption of fully automatic transmissions; the
success of our research and development efforts, the outcome of
which is uncertain; U.S. and foreign defense spending and the
timing of defense programs; risks associated with our international
operations, including acts of war and increased trade
protectionism; general economic and industry conditions including
the risk of recession; the discovery of defects in our products,
resulting in delays in new model launches, recall campaigns and/or
increased warranty costs and reduction in future sales or damage to
our brand and reputation; our ability to identify, consummate and
effectively integrate acquisitions and collaborations; labor
strikes, work stoppages or similar labor disputes, which could
significantly disrupt our operations or those of our principal
customers or suppliers; risks related to our indebtedness; and
other risks and uncertainties associated with our business
described in our Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q. Although we believe the expectations reflected in
such forward-looking statements are based upon reasonable
assumptions, we can give no assurance that the expectations will be
attained or that any deviation will not be material. All
information is as of the date of this press release, and we
undertake no obligation to update any forward-looking statement to
conform the statement to actual results or changes in expectations
and risks related to our indebtedness.
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version on businesswire.com: https://www.businesswire.com/news/home/20230503005957/en/
Jackie Bolles Executive Director, Treasury and Investor
Relations jacalyn.bolles@allisontransmission.com (317) 242-7073
Claire Gregory Director, Global External Communications
claire.gregory@allisontransmission.com (317) 694-2065
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