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 has completed its acquisition of Katsa Oy for €21 million (approx. $23 million). Katsa, a European manufacturer of power transmission components and gearboxes, generated €33 million in revenue for the fiscal year ending September 30, 2023.
This acquisition enhances Twin Disc's presence in European markets and expands its product offerings in the industrial, marine, and hybrid/electrification sectors. The acquisition is expected to be accretive to Twin Disc’s U.S. GAAP earnings within 24 months.
Twin Disc, Inc. (NASDAQ: TWIN) approved a quarterly cash dividend of $0.04 per share, payable on June 3, 2024, to shareholders of record on May 20, 2024. The company designs, manufactures, and sells marine and heavy-duty power transmission equipment for various industries.
Twin Disc, Inc. announced its fiscal 2024 third quarter results, showcasing a 50 basis points increase in sales to $74.2 million. The company reported a gross margin of 28.2%, net income of $3.8 million, and EBITDA of $7.0 million. Twin Disc's CEO highlighted the solid performance, margin expansion, and strong cash flow generation despite macroeconomic challenges. Sales increased in Europe, decreased in North America, and remained flat in Asia-Pacific. The company also announced the acquisition of Katsa Oy to broaden its offerings and global footprint. Third-quarter results included improved gross profit, increased ME&A expenses, and net income growth. EBITDA remained strong at $7.0 million, with a solid six-month backlog of $130.5 million. Twin Disc's balance sheet showed positive trends, with increased cash and decreased debt.
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