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Twin Disc Incorporated - TWIN STOCK NEWS

Welcome to our dedicated news page for Twin Disc Incorporated (Ticker: TWIN), a resource for investors and traders seeking the latest updates and insights on Twin Disc Incorporated.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Twin Disc Incorporated's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Twin Disc Incorporated's position in the market.

News
Twin Disc Announces Update to Timing of its Fiscal 2024 Third Quarter Earnings Webcast and Conference Call
Rhea-AI Summary
Twin Disc, Inc. (NASDAQ: TWIN) has rescheduled its fiscal 2024 third-quarter earnings webcast and conference call to 11:00 am Eastern on April 30, 2024. The earnings results will still be released at 8:00 am Eastern on the same day. Participants can join the call by dialing (800) 715-9871 and access the webcast on the company's website. A replay will be available until April 29, 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
earnings
-
News
Twin Disc Announces Details of Fiscal 2024 Third Quarter Earnings Release, Webcast, and Conference Call
Rhea-AI Summary
Twin Disc, Inc. (NASDAQ: TWIN) announced the details of its fiscal 2024 third-quarter earnings release, webcast, and conference call. The results will be released on April 30, 2024, at 8:00 am Eastern, followed by a webcast and conference call at 9:00 am Eastern. Investors can join the live webcast on the company's website and participate in a Q&A session. A replay will be available until April 29, 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
Tags
earnings
-
News
Twin Disc, Inc. Signs Definitive Agreement to Acquire Katsa Oy
Rhea-AI Summary
Twin Disc, Inc. (TWIN) announces the acquisition of Katsa Oy, a European manufacturer of power transmission components and gearboxes, for €21 million. The deal aims to expand Twin Disc's global reach, diversify product offerings, and generate synergies in industrial, marine, and hybrid/electrification sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
acquisition
News
Twin Disc Announces Second Quarter Results
Rhea-AI Summary
Twin Disc, Inc. (NASDAQ: TWIN) reported a 15.2% increase in sales, reaching $73.0 million in the fiscal 2024 second quarter. The company achieved a gross margin of 28.3%, expanded by 140 basis points year-over-year, with net income of $0.9 million and EBITDA of $5.5 million. The operating cash flow improved to $16.0 million, and free cash flow reached $10.6 million, compared to a loss of $4.7 million in the prior year period. The six-month backlog stood at $125.2 million. Despite challenges in the operating environment, the CEO expressed cautious optimism for the second half of the fiscal year, highlighting sustained value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.16%
Tags
earnings
-
News
Twin Disc Approves a Quarterly Cash Dividend
Rhea-AI Summary
Twin Disc, Inc. (NASDAQ: TWIN) has declared a regular quarterly cash dividend of $0.04 per share, payable on March 1, 2024, to shareholders of record on February 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
Tags
dividends
-
News
Twin Disc Announces Details of Fiscal 2024 Second Quarter Earnings Release, Webcast, and Conference Call
Rhea-AI Summary
Twin Disc, Inc. (NASDAQ: TWIN) will release its fiscal 2024 second-quarter results on February 7, 2024, followed by a webcast and conference call to discuss the results. The company will also host a Q&A session with the investment community. The live webcast will be available on Twin Disc’s website, with a replay available until February 6, 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
earnings
News
Twin Disc Reinstates Quarterly Cash Dividend
Rhea-AI Summary
Twin Disc, Inc. (NASDAQ: TWIN) has announced the reinstatement of a regular quarterly cash dividend of $0.04 per share. The dividend will be payable on December 1, 2023, to shareholders of record as of November 17, 2023. This decision reflects Twin Disc's progress towards its financial targets and the improved end market demand. The President and CEO, John H. Batten, expressed satisfaction with the decision and emphasized the company's commitment to delivering sustained value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.07%
Tags
dividends
-
News
Twin Disc Announces First Quarter Results
Rhea-AI Summary
Twin Disc, Inc. reports fiscal 2024 Q1 results with sales increasing 13.7% YoY to $63.6 million. Gross margin expands 240 basis points despite one-time noncash charge of $3.1 million. Net loss of ($1.2) million and EBITDA of $2.3 million. Operating cash flow improves to $9.8 million. Quarterly cash dividend of $0.04 per share reinstated. Backlog of $122.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.07%
Tags
earnings
-
News
Twin Disc Announces Details of Fiscal 2024 First Quarter Earnings Release, Webcast, and Conference Call
Rhea-AI Summary
Twin Disc to release fiscal 2024 first-quarter results and host webcast and conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
earnings
News
Twin Disc to Attend Sidoti September 2023 Virtual Small-Cap Conference
Rhea-AI Summary
Twin Disc, Inc. to present at Sidoti September 2023 Virtual Small-Cap Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.64%
Tags
conferences
Stock TWIN logo
Twin Disc Incorporated

Nasdaq:TWIN

TWIN Rankings

#3623 Ranked by Market Cap
#1778 Ranked by Stock Gains
#1837 Ranked by Dividends

TWIN Stock Data

231.21M
9.23M
21.35%
62.26%
0.48%
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Wholesale Trade
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About TWIN

for nearly 100 years twin disc has been developing, engineering, manufacturing and distributing power transmission products that make things work. they are seldom seen, but they go into machines that contribute to the standard of our lives. twin disc products are installed in the drivelines and powertrains of farm tractors, road pavers, cranes, mining trucks, oil rigs, logging equipment, firefighting and rescue vehicles, pleasure craft, fishing and work boats, pumps, turbines - you name it. they manage and control the horsepower generated by internal combustion engines and electric motors. they help feed us, provide natural resources, build our cities and homes, transport us, defend us and influence our lives daily in many unnoticed but critical ways. where there's an industrial strength vehicle or machine that requires converting horsepower to productivity, twin disc has a way to do it. so, in a very real sense, twin disc has helped put the world to work, for nearly a century.