Allison Transmission reported net sales of $603 million in the second quarter, up 60 percent year-over-year.
The company’s net income was $110 million, 18 percent of net sales, and up over 375 percent year-over-year.
Year-over-year results were led by an 84 percent increase in net sales in the North America On-Highway end market, and a 63 percent increase in net sales in the Outside North America On-Highway end market, as a result of the continuing recovery in global on-highway customer demand following the pandemic-related disruptions experienced in 2020.
“Allison’s second quarter 2021 results reflect an unprecedented recovery in global markets,” said David Graziosi, Allison’s chairman and CEO. “Customer demand is quickly nearing pre-pandemic levels, and despite broad challenges to global supply chains, industry production is recovering. I am extremely proud of the resilience and dedication demonstrated by the Allison team and extended family throughout this critical and historic time to ensure the continuous delivery of the Allison brand promise.”
