0001193125-26-443664
SEC filingAllison 第三季度净销售额同比增121%至$1,534 million，并连续第二季上调全年指引。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Net sales | $1,534 million | $693 million | +121% |
| Gross profit | $505 million | $330 million | +53% |
| Gross margin | 33% | — | — |
| Operating income | $304 million | $204 million | +49% |
| Net income | $191 million | $137 million | +39% |
| Diluted EPS | $2.30 | — | +41% |
| Adjusted net income | $241 million | — | — |
| Adjusted diluted EPS | $2.90 | — | +59% |
| Adjusted EBITDA | $400 million | $256 million | +56% |
| Adjusted EBITDA margin | 26.1% | — | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Full Year 2026 | Consolidated net sales | $5,975 to $6,075 million | GAAP |
| Full Year 2026 | Consolidated net income | $645 to $685 million | GAAP |
| Full Year 2026 | Consolidated adjusted EBITDA | $1,530 to $1,580 million | Non-GAAP |
| Full Year 2026 | Consolidated net cash provided by operating activities | $1,110 to $1,140 million | GAAP |
| Full Year 2026 | Consolidated capital expenditures | $240 to $260 million | GAAP |
| Full Year 2026 | Consolidated adjusted free cash flow | $850 to $900 million | Non-GAAP |
本季净销售额同比增121%，主要来自2026年1月1日收购的Allison Off-Highway业务单元贡献$653 million；剔除该并表因素，Allison Transmission业务单元净销售额$881 million创季度纪录、同比增27%，其中North America On-Highway终端市场收入$462 million创纪录，中型及Class 8 vocational卡车需求加速。合并毛利率33%，其中Allison Transmission业务单元毛利率46%、Off-Highway仅15%，业务结构变化对整体利润率形成摊薄；Adjusted EBITDA margin 26.1%。
利润端，净利润$191 million同比增$54 million，但被更高的interest expense, net（$51 million vs $24 million）、Off-Highway业务单元$17 million优化活动费用及更高所得税部分抵消；SG&A中含$4 million一次性收购相关费用。管理层强调现金流强劲，Adjusted free cash flow $278 million同比增51%，年初至今已偿还逾$400 million债务以推进杠杆目标，同时维持季度股息$0.29/股与$57 million回购。指引为连续第二季上调，但全年净利指引内含约$125 million一次性税前分离/整合/重组费用（含约$65 million存货step-up），公司仍预计Off-Highway收购在2026年对净利润和Diluted EPS增厚。