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Allison Transmission Boosts Profit 57%
Allison Transmission Holdings Inc. netted $58 million in the first quarter of this year compared to $37 million in the same period of 2011.
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Allison Transmission Holdings Inc. netted $58 million in the first quarter of this year compared to $37 million in the same period of 2011. Revenue climbed 16% to $602 million.
The Indianapolis, Ind.-based company attributes the gains to stronger global demand for commercial vehicles. Allison makes automatic transmissions for medium- and heavy-duty trucks, military vehicles and off-highway vehicles and hybrid systems for buses.
Allison, which went public in March, expects revenue to grow 5%-6% this year from $2.2 billion in 2011.
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