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 (NASDAQ: TWIN) regularly issues news and updates related to its role in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Company news often highlights developments across its marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, control systems, and braking systems.
Investors following Twin Disc news can expect coverage of quarterly and annual financial results, as reflected in press releases discussing performance by product group, including Marine and Propulsion Systems, Land-Based Transmissions, Industrial, and Other. These releases may include commentary from management on demand trends in pleasure craft, commercial and military marine markets, as well as in energy and natural resources, government, military, and industrial markets.
News items also describe activities such as conference presentations and investor meetings, where Twin Disc’s executive officers present materials to analysts and shareholders. Additional announcements may cover board and governance matters, including dividend declarations and outcomes of shareholder meetings as disclosed in company communications.
This news page aggregates these company-issued updates so that readers can review Twin Disc’s latest reported results, corporate actions, and investor-related events in one place. For anyone tracking the TWIN stock story, the news feed provides a centralized view of how the company describes its operations, markets, and financial performance over time.
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.
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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