Allison Transmission Holdings Inc. Files 2024 10-K

TL;DR

Allison Transmission filed its 2024 10-K, detailing financials and operations for the year ending Dec 31, 2024.

AI Summary

Allison Transmission Holdings Inc. filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Indianapolis, Indiana, operates in the motor vehicle parts and accessories sector. This filing provides a comprehensive overview of the company's financial performance, business operations, and risk factors for the reporting period.

Why It Matters

This 10-K filing provides investors and stakeholders with a detailed look at Allison Transmission's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — As a publicly traded company in the automotive sector, Allison Transmission is subject to market fluctuations, supply chain disruptions, and evolving technological demands, all of which present inherent risks.

Key Numbers

• 491 456 — P1Y (Likely represents financial figures related to the fiscal year, though specific labels are missing in the provided text.)

Key Players & Entities

• Allison Transmission Holdings Inc. (company) — Filer of the 10-K
• Indianapolis, Indiana (location) — Company headquarters
• 20241231 (date) — Fiscal year end
• 20250213 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — nge On Which Registered Common Stock, $0.01 par value ALSN New York Stock Excha

Filing Documents

• alsn-20241231.htm (10-K) — 4411KB
• alsn-ex19_1.htm (EX-19.1) — 99KB
• alsn-ex19_2.htm (EX-19.2) — 124KB
• alsn-ex21_1.htm (EX-21.1) — 5KB
• alsn-ex23_1.htm (EX-23.1) — 4KB
• alsn-ex31_1.htm (EX-31.1) — 15KB
• alsn-ex31_2.htm (EX-31.2) — 15KB
• alsn-ex32_1.htm (EX-32.1) — 8KB
• img73960167_0.jpg (GRAPHIC) — 100KB
• img74883688_0.jpg (GRAPHIC) — 68KB
• img106275686_0.jpg (GRAPHIC) — 85KB
• img106275686_1.jpg (GRAPHIC) — 70KB
• img106275686_2.jpg (GRAPHIC) — 30KB
• img106275686_3.jpg (GRAPHIC) — 31KB
• img106275686_4.jpg (GRAPHIC) — 344KB
• 0000950170-25-019379.txt ( ) — 21000KB
• alsn-20241231.xsd (EX-101.SCH) — 2077KB
• alsn-20241231_htm.xml (XML) — 4477KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 17 Item 1B. Unresolved Staff Comments 31 Item 1C. Cybersecurity 31 Item 2.

Properties

Properties 33 Item 3.

Legal Proceedings

Legal Proceedings 33 Item 4. Mine Safety Disclosures 33 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 34 Item 6. [Reserved] 35 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 49 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 50 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 94 Item 9A.

Controls and Procedures

Controls and Procedures 94 Item 9B. Other Information 95 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 95 PART III. Item 10. Directors, Executive Officers and Corporate Governance 96 Item 11.

Executive Compensation

Executive Compensation 96 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 96 Item 13. Certain Relationships and Related Transactions, and Director Independence 96 Item 14. Principal Accountant Fees and Services 97 PART IV. Item 15. Exhibits and Financial Statement Schedules 98 Item 16. Form 10-K Summary 102

Signatures

Signatures 103 2 Table of Contents Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K 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: 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; 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 geopolitical risks, wars and pandemics; global economic volatility; general economic and industry conditions, including the risk of recession; labor strikes, work stoppages or similar labor disputes, which could sig

Business

ITEM 1. Business Overview Allison Transmission Holdings, Inc. and its subsidiaries ("Allison," "we," "us" or "our") 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. The business was founded in 1915 and has been headquartered in Indianapolis, Indiana since inception. Allison is traded on the New York Stock Exchange under the symbol "ALSN". We have a global presence by serving customers in North America, Asia, Europe, South America, and Africa, with approximately 77% of our revenues being generated in North America in 2024. We serve customers through an independent network of approximately 1,600 independent distributor and dealer locations worldwide. Our Business We are the world's largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles and a leader in electrified propulsion systems. Allison products are used in a wide variety of applications, including on-highway vehicles (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining, construction and agriculture) and defense vehicles (tactical wheeled and tracked). We believe the Allison brand is one of the most recognized in our industry as a result of the performance, reliability and fuel efficiency of our propulsion solutions and is associated with high quality, durability, vocational value, technological leadership and superior customer service. We introduced the world's first fully automatic transmission for commercial vehicles over 75 years ago. Since that time, we have driven the trend in North America and other parts of the world towards increasing automaticity by targeting a diverse range of commercial vehicle vocations. Allison products are optimized for th

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View this 10-K filing on SEC EDGAR