Welcome to our dedicated page for Twin Disc news (Ticker: TWIN), a resource for investors and traders seeking the latest updates and insights on Twin Disc stock.
Twin Disc Incorporated (TWIN) delivers critical power transmission solutions for marine, industrial, and heavy-duty machinery worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives shaping the company's trajectory.
Access comprehensive coverage of TWIN's press releases, earnings reports, product innovations, and partnership announcements. Our curated collection serves as your primary resource for understanding Twin Disc's market position within the marine propulsion and off-highway equipment sectors.
Key updates include technical advancements in hydraulic torque converters, marine transmission systems, and industrial clutch technologies. Track regulatory filings, leadership changes, and global expansion efforts through verified sources maintained for accuracy and relevance.
Bookmark this page for streamlined access to Twin Disc's evolving story – from engineering breakthroughs to sustainability initiatives driving modern industrial applications. Stay informed through our continuously updated repository of official communications and third-party analysis.
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.
Twin Disc (NASDAQ: TWIN) reported Q1 FY2025 results with sales increasing 14.7% year-over-year to $72.9 million. The growth was primarily driven by the Katsa Oy acquisition and strength in Marine and Propulsion segments. Despite revenue growth, the company reported a net loss of ($2.8 million) and EBITDA of $1.7 million, including a ($1.1 million) currency loss. Gross margin expanded 30 basis points to 26.5%. The company maintains a robust six-month backlog of $144.3 million, supported by healthy ongoing demand, though experiencing slowdown in Asian Oil and Gas markets.
Twin Disc (NASDAQ: TWIN) has announced the release date for its fiscal 2025 first-quarter results. The company will publish the results on November 6, 2024, at approximately 8:00 am Eastern. Following this, Twin Disc will host a webcast and conference call at 9:00 am Eastern to discuss the results and engage in a Q&A session with the investment community.
Interested parties can access the live audio webcast on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, dial (646) 968-2525 about ten minutes before the scheduled start. A replay of the webcast will be available on the company's website until November 5, 2025.
Twin Disc (NASDAQ: TWIN) reported strong results for fiscal year 2024 and Q4. Full-year highlights include:
- Sales increased 6.6% to $295.1 million
- Net income of $11.0 million
- EBITDA up 2.9% to $26.5 million
- Free cash flow of $25.0 million
Q4 highlights include:
- Sales up 0.6% to $84.4 million
- Net income of $7.4 million
- Strong operating cash flow of $11.5 million
The company saw robust demand in Land Based Transmissions and Marine businesses. Twin Disc acquired Katsa Oy to expand its industrial product line and reinstated its quarterly dividend. Management expects fiscal 2025 conditions to be similar to 2024 and provided updated medium-term growth targets.
Twin Disc (NASDAQ: TWIN) has announced a quarterly cash dividend of $0.04 per share, approved by its Board of Directors. The dividend will be payable on September 2, 2024, to shareholders of record at the close of business on August 19, 2024. Twin Disc specializes in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Their product range 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. The company 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) has announced the details for its fiscal 2024 fourth-quarter earnings release and conference call. The company will release its results on August 15, 2024, at approximately 8:00 am Eastern, followed by a webcast and conference call at 9:00 am Eastern. Investors can access the live audio webcast on Twin Disc's website and participate in the conference call by dialing (800) 715-9871. A replay of the webcast will be available until August 14, 2025.
Twin Disc designs and manufactures power transmission equipment for marine and heavy-duty off-highway applications. Their product range includes marine transmissions, azimuth drives, propellers, and industrial clutches, serving markets such as pleasure craft, commercial marine, and energy sectors.
Twin Disc (NASDAQ:TWIN) announced its addition to the Russell 2000® and Russell 3000® indexes, effective July 1, 2024. This inclusion reflects the company's growth and consistent operational execution. According to President and CEO John H. Batten, this milestone will help Twin Disc further its strategic objectives and increase its visibility among institutional investors. The Russell indexes serve as benchmarks for $10.5 trillion in assets, aiding investment managers with index funds and active investment strategies. Membership in the Russell 3000® automatically includes Twin Disc in the large-cap Russell 1000® Index or small-cap Russell 2000® Index and related growth and value style indexes. Twin Disc manufactures and sells marine and heavy-duty off-highway power transmission equipment, serving various markets including marine, energy, and industrial sectors.
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