Business Context and Reporting Period
This Form 8-K Current Report was filed by Allison Transmission Holdings, Inc. on September 9, 2019. The report discloses a material acquisition event occurring on the same date.
Key Financial Metrics
The filing details a specific transaction metric but does not provide comprehensive financial statements for the period.
- Acquisition Cost: Approximately $103 million in cash.
- Transaction Structure: Subject to customary purchase price adjustments.
- Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics as this is a current report focused on a specific event rather than a periodic financial statement.
Material Changes
On September 9, 2019, Allison Transmission Holdings, Inc. acquired the assets and certain liabilities of two entities:
- Walker Die Casting, Inc.: A producer of high-quality aluminum die castings.
- C&R Tool and Engineering, Inc.: A producer of die cast dies and tooling.
This acquisition represents a material expansion of the company's manufacturing capabilities and asset base.
Guidance, Outlook, and Risks
The filing references a press release (Exhibit 99.1) for further details but does not contain specific forward-looking guidance, management commentary on future performance, or a detailed risk assessment within the text provided. The transaction is subject to customary purchase price adjustments, which represents a standard contingency in such acquisitions.
Investor Verification Checklist
- Verify the final purchase price after customary adjustments are applied to the initial $103 million estimate.
- Review the attached press release (Exhibit 99.1) for strategic rationale and integration plans.
- Assess the impact of the $103 million cash outflow on the company's liquidity position in subsequent quarterly reports.
- Confirm the specific liabilities assumed from Walker Die Casting, Inc. and C&R Tool and Engineering, Inc.