Twin Disc Inc Stock Price, News & Analysis

Twin Disc (NASDAQ: TWIN) has announced that its Board of Directors has approved a quarterly cash dividend of $0.04 per share. The dividend will be payable on June 2, 2025, to shareholders of record at the close of business on May 19, 2025.

Twin Disc is a manufacturer of marine and heavy-duty off-highway power transmission equipment, including marine transmissions, azimuth drives, surface drives, propellers, and boat management systems. The company serves various markets including pleasure craft, commercial and military marine, energy and natural resources, government, and industrial sectors through its direct sales force and distributor network.

Twin Disc (NASDAQ: TWIN) reported Q3 FY2025 results with sales increasing 9.5% year-over-year to $81.2 million. The company posted a net loss of $1.5 million ($0.11 per share) compared to net income of $3.8 million in Q3 FY2024. EBITDA was $4.0 million, down 42.7% from the prior year. The results were driven by strength in marine propulsion markets and recent acquisitions of Katsa Oy and Kobelt, offset by reduced oil and gas transmission shipments to China. Gross margin decreased 150 basis points to 26.7%. The company maintains a healthy six-month backlog of $133.7 million, up from $124.0 million in Q2. Total debt increased 139.3% to $40.8 million due to acquisition financing.

Twin Disc (NASDAQ: TWIN) has scheduled its fiscal 2025 third-quarter earnings release for May 7, 2025, at approximately 8:00 am Eastern. The company will host a webcast and conference call at 9:00 am Eastern, followed by a Q&A session with investors.

The live audio webcast will be accessible on Twin Disc's investor relations website. Conference call participants can dial (646) 307-1963 about ten minutes before the start. A webcast replay will be available until May 6, 2026.

Twin Disc manufactures marine and heavy-duty off-highway power transmission equipment, including marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. The company serves pleasure craft, commercial and military marine markets, along with energy, natural resources, government, and industrial sectors through direct sales and distributor networks.

Twin Disc (NASDAQ: TWIN) has completed the acquisition of Kobelt Manufacturing for $16.5 million. Kobelt, a Canadian company specializing in brake, control, and steering systems for industrial and marine markets, generated approximately $14 million in revenue for the year ending December 31, 2024.

The acquisition is expected to be immediately accretive to Twin Disc's U.S. GAAP earnings. Kobelt brings complementary products, extensive after-sales services, and in-house foundry capabilities with precision machining. The company has established relationships in 60 countries and will benefit from Twin Disc's global presence to expand its international reach.

The strategic combination aims to strengthen Twin Disc's product portfolio in the industrial and marine sectors, leveraging both companies' extensive history and expertise to create value for their combined customer base.

Twin Disc (NASDAQ: TWIN) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.04 per share. The dividend will be payable on March 3, 2025, to shareholders of record at the close of business on February 17, 2025.

The company specializes in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Their product portfolio includes marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. Twin Disc serves various markets including pleasure craft, commercial and military marine, energy and natural resources, government, and industrial sectors through a direct sales force and distributor network.

Twin Disc (NASDAQ: TWIN) reported strong Q2 FY2025 results with sales increasing 23.2% year-over-year to $89.9 million, including a $10.0 million contribution from the Katsa Oy acquisition. Organic sales grew 10.1%, driven by strength in Marine and Propulsion Systems and Industrial segments.

The company reported net income of $0.9 million ($0.07 per diluted share), unchanged from Q2 FY2024. EBITDA increased 13.5% to $6.3 million. Gross margin decreased 420 basis points to 24.1%, impacted by a $1.6 million inventory write-down and $0.3 million purchase accounting expense related to Katsa acquisition.

The six-month backlog stands at $124.0 million, with total debt increasing 40.5% to $24.9 million primarily due to the Katsa acquisition. The company maintains a strong position in marine markets, with Veth products reaching record levels in North American market despite challenges in Asian oil and gas markets.

Twin Disc (NASDAQ: TWIN) has announced the schedule for its fiscal 2025 second-quarter earnings release and conference call. The company will release its financial results on February 5, 2025, at approximately 8:00 am Eastern, followed by a webcast and conference call at 9:00 am Eastern.

The event will include prepared remarks and a Q&A session with the investment community. Investors can access the live audio webcast through Twin Disc's investor relations website at https://ir.twindisc.com. To join the conference call, participants should dial (646) 968-2525 about ten minutes before the start time. A replay of the webcast will be available until February 4, 2026.

Twin Disc (NASDAQ: TWIN) announced its participation in the Sidoti November 2024 Virtual Micro-Cap Conference. CEO John Batten and CFO Jeff Knutson will present on Wednesday, November 13 at 11:30 am Eastern. The presentation will be available via webcast on Twin Disc's investor relations website.

The executives will also conduct one-on-one meetings with registered investors during the conference. Twin Disc specializes in manufacturing marine and heavy-duty off-highway power transmission equipment, including marine transmissions, azimuth drives, surface drives, propellers, and various industrial systems. The company serves pleasure craft, commercial and military marine markets, along with energy, natural resources, government, and industrial sectors.

Twin Disc (NASDAQ: TWIN) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.04 per share. The dividend will be payable on December 2, 2024, to shareholders of record at the close of business on November 18, 2024. Twin Disc designs and manufactures marine and heavy-duty off-highway power transmission equipment, serving pleasure craft, commercial and military marine markets, as well as energy, natural resources, government, and industrial sectors.