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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.
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Twin Disc, Inc. (NASDAQ: TWIN) announced its fiscal 2023 third-quarter results will be released on April 28, 2023, at 9:30 am Eastern. The company will also host a webcast and conference call at 11:00 am Eastern to discuss the results, followed by a Q&A session with investors. The live audio webcast can be accessed on Twin Disc’s website, and those wishing to participate by phone should dial 877-407-9039 ten minutes prior to the call. A replay will be accessible shortly after the discussion until April 27, 2024. Twin Disc specializes in designing and manufacturing marine and heavy-duty off-highway power transmission equipment, with a diverse range of products for various markets.
Twin Disc reported a 5.8% increase in second quarter sales year-over-year, reaching $63.4 million. Net income improved to $1.1 million from a loss of ($3.8 million) in the same quarter last year. EBITDA stood at $6.3 million, marking a significant recovery from a loss of ($0.2 million) in the prior year. A six-month backlog at $124.0 million indicates strong demand, up 22.5% from June 30, 2022. However, foreign currency exchange impacts sales negatively by $5.0 million this quarter. Management remains optimistic, predicting further growth and higher profitability through fiscal 2023.
Twin Disc, Inc. (NASDAQ: TWIN) will announce its fiscal 2023 second-quarter financial results on February 3, 2023, before market opens. A conference call is scheduled for 11:00 a.m. ET the same day, allowing analysts and investors to discuss these results and ask questions. Interested listeners can join by calling 877-407-9039, with a replay available until midnight February 10, 2023. The call will also be live-streamed on Twin Disc’s website. The company specializes in marine and heavy-duty off-highway power transmission equipment, serving various markets including military, energy, and industrial sectors.
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