Twin Disc Inc Stock Price, News & Analysis

Twin Disc reported a fourth quarter sales increase of 11.5% year-over-year, reaching $66.2 million, driven by rising demand in oil and gas, industrial, and marine sectors. Gross profit margin improved by 440 basis points to 27.7%. Despite a net loss of $12.7 million for the quarter, the company achieved its lowest net debt in three years at $19.7 million. Restructuring actions are set to deliver approximately $2 million in annual savings. With a six-month backlog of $70.3 million, management is optimistic about recovery as they focus on modernizing operations and new product development.

Twin Disc, Inc. (NASDAQ: TWIN) announced it will release its fiscal 2021 fourth-quarter financial results on August 13, 2021, before market opening. A conference call to discuss these results will take place at 11:00 a.m. Eastern Time on the same day. Participants can join by dialing 800-263-0877. The call will also be available via live Internet broadcast on Twin Disc’s website and will be archived afterward. The company specializes in power transmission equipment for marine and heavy-duty off-highway applications.

Twin Disc, Inc. (NASDAQ: TWIN) reported its fiscal 2021 third-quarter results, revealing a 16% decline in sales to $57.6 million compared to $68.6 million last year, primarily due to COVID-19 impacts. Despite lower sales, the company achieved profitability with a net income of $0.1 million, a major recovery from a net loss of $(25.2 million) the previous year. Operating cash flow increased to $2.2 million, and the backlog rose to $71.4 million. Gross profit margin showed slight improvement at 24.2%.

Twin Disc, Inc. (NASDAQ: TWIN) will release its fiscal 2021 third-quarter financial results on April 30, 2021, before market opening. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the results and answer questions. Participants can join by phone or via the company's website. Twin Disc designs and manufactures power transmission equipment for various markets, including marine and industrial sectors. The company's forward-looking statements are subject to risks, including those related to the ongoing COVID-19 pandemic.

Twin Disc, Inc. (NASDAQ: TWIN) reported its fiscal 2021 second quarter results with net sales at $48.4 million, an 18.6% decrease from last year, attributed mainly to the ongoing impacts of the COVID-19 crisis in oil and gas, industrial, and marine markets. Despite the challenges, the company's six-month backlog increased to $74.9 million, a 12% rise from June 2020. Operating cash flow was positive at $3.5 million. Gross profit margin dropped to 19.6%, while marketing, engineering, and administrative expenses decreased to $14.0 million. The company reported a net loss of $(4.3 million) for the quarter, but is optimistic about future demand improvements.

Twin Disc, Inc. (NASDAQ: TWIN) will release its fiscal 2021 second-quarter financial results on January 29, 2021, before market opening. A conference call will follow at 11:00 a.m. Eastern Time to discuss the results and answer questions. Dial-in participation is encouraged five to ten minutes prior to the call, and a replay will be available until February 5, 2021. Twin Disc designs and manufactures marine and heavy-duty off-highway power transmission equipment, with a diverse customer base across several markets, including marine and energy sectors.

Twin Disc reported a net loss of $(4.0) million or $(0.30) per share for Q1 fiscal 2021, an improvement from a $(6.3) million loss in Q1 fiscal 2020. Sales decreased by 22.2% to $46.1 million due to soft demand in oil and gas, industrial, and marine markets amid COVID-19 impacts. However, the six-month backlog increased by 4.2% to $69.4 million. Despite challenges, the company anticipates future growth driven by improving oil and gas demand and a new manufacturing facility in Lufkin, TX, expected to start production in early 2021.

Twin Disc, Inc. (NASDAQ: TWIN) will release its fiscal 2021 first-quarter financial results before market opening on October 30, 2020. A conference call to discuss the results and answer questions is scheduled for 11:00 a.m. ET on the same day, accessible at (866) 548-4713. The event will also be streamed live on the Company's website. Twin Disc designs and manufactures marine and off-highway power transmission equipment, catering primarily to the marine and industrial markets. The Company warns that results may differ due to various risk factors, including the effects of the COVID-19 pandemic.

Twin Disc reported its fiscal 2020 fourth quarter results, revealing a sales decline of 18% year-over-year, totaling $59.4 million. The company recorded a net loss of $(1.8 million) or $(0.13) per share, compared to a net loss of $(0.8 million) in the prior year. Gross profit margin improved by 60 basis points to 23.3%. Despite challenging conditions from COVID-19 and weak oil markets, Veth Propulsion saw a 6.2% sales increase. The company has implemented $7.2 million in annualized expense reductions and generated $4.3 million in cash from operations, showcasing efforts to mitigate impacts during this crisis.