Allison Transmission Holdings: Initiation Of Coverage – A Robust Competitive Edge Through High Switching Costs!

Allison Transmission has recently communicated its second quarter 2024 results, underscoring some significant growth and robust performance, particularly in its North American On-Highway end market primarily driven by heightened demand for Class 8 vocational vehicles. The company reported a record quarterly revenue of $816 million, a 4% increase over the same period last year. This surge was also supported by notable growth in the defense sector and markets outside North America.