Allison Transmission: The Electrification Bet That Could Reshape Its Future!

Allison Transmission’s fourth-quarter and full-year 2024 results showcase a solid performance, marked by record net sales of $3.2 billion for the year. The company’s strategic focus on expanding its market share and diversifying product offerings has contributed positively to its financial outcomes. On the positive side, Allison Transmission experienced a 15% increase in net sales for its North America on[1]highway market, driven by strong demand for its 3000 and 4000 Series products. This segment alone accounted for $1.8 billion in sales, underscoring its pivotal role in the company’s portfolio. Furthermore, the defense market has shown substantial growth, with net sales rising by 28% to $212 million, fueled by geopolitical uncertainties and expanded product offerings. The company also reported an increase in net sales within its outside North America on-highway markets, reaching $493 million, supported by its mining truck initiative.