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, 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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