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.
Overview of Twin Disc Inc.
Twin Disc Inc. is a renowned United States-based manufacturer committed to engineering, developing, and distributing power transmission equipment that is integral to countless machines and systems around the world. With nearly a century of expertise, Twin Disc has honed its capabilities in producing products that convert generated horsepower into reliable, usable power. Its expansive portfolio includes marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. In doing so, Twin Disc plays a critical role across industries such as marine, heavy-duty off-highway, industrial, energy, and natural resources, making it an essential contributor to the standard of daily life globally.
Key industry-specific terms such as "marine transmissions" and "power transmission equipment" underscore the company’s technical and innovative approach in its advanced engineering processes. Its products are embedded within the drivetrains and powertrains of a diverse range of equipment that power agricultural machinery, construction vehicles, mining trucks, oil rigs, fishing vessels, and rescue vehicles, underscoring its vital contributions to sectors that ensure food production, resource extraction, infrastructure development, and public safety.
Comprehensive Product Offerings and Capabilities
Twin Disc organizes its operations into two primary segments: Manufacturing and Distribution. Through its Manufacturing segment, the company leverages a robust engineering and production framework to design and produce key components that not only meet stringent quality standards but also deliver enhanced performance in critical applications. Its products are designed to manage and control the considerable horsepower of internal combustion engines and electric motors, ensuring machinery operates at peak efficiency in challenging conditions.
The Distribution segment complements these manufacturing capabilities by ensuring that the company's high-quality products reach customers around the globe. Twin Disc deploys a direct sales force alongside an extensive distributor network to cater to diverse client needs, including those in the pleasure craft, commercial marine, military, industrial, energy, and governmental markets. This dual-segment approach enables Twin Disc to maintain operational discipline and effective working capital management while addressing the targeted demands of various industry verticals.
Market Position and Operational Excellence
As a major player in the power transmission and engineering solutions landscape, Twin Disc distinguishes itself through a combination of advanced technology, product reliability, and a legacy of nearly 100 years of innovation. Its products are often unseen yet form the backbone of vital equipment, ensuring that fields, factories, cities, and transportation networks function seamlessly. The company’s meticulous engineering and manufacturing processes stand as a testament to its commitment to quality and operational excellence. By integrating customer feedback and site-specific requirements into its development cycle, Twin Disc continues to enhance its product portfolio while expanding its global footprint.
Twin Disc’s engineering approach focuses on precision and durability. Whether addressing unique challenges in the marine environment or in heavy industrial settings, its products are designed to withstand the rigors of continuous use, thereby supporting critical infrastructure and economic development globally. The company’s constant pursuit of innovation is evident in its integration of complementary acquisitions, further expanding its reach and reinforcing its role as a comprehensive systems supplier in both industrial and marine arenas.
Global Presence and Diverse Applications
The impact of Twin Disc extends well beyond its home market in the United States. With sales in both domestic and international markets, the company has cemented a reputation as a versatile and reliable manufacturer. Its products are indispensable in diverse applications such as controlling the drive systems of construction vehicles, increasing the efficiency of agricultural equipment, and powering industrial machinery in remote environments. Twin Disc’s influence is apparent across sectors that require dependable power transmission solutions, making its engineering mastery a significant factor in the global industrial ecosystem.
Furthermore, Twin Disc has strategically embraced modern engineering trends without compromising on its traditional quality standards. This blend of established expertise with an openness to new methodologies allows the company to consistently innovate in response to evolving customer needs and technological advancements. Each product is a result of painstaking development, ensuring that Twin Disc remains referenced as a benchmark for reliability and precision in the power transmission industry.
Quality, Safety, and Industry Expertise
The company adheres to stringent quality control standards throughout its manufacturing processes, ensuring that every product not only meets but exceeds industry norms. This rigorous attention to quality and safety has built strong, lasting relationships with customers across multiple market sectors. Twin Disc’s products—the often unsung heroes in complex mechanical systems—are designed to deliver optimal performance even under extreme conditions, thereby reaffirming the company’s reputation for durability and reliability.
Technical expertise is at the core of Twin Disc’s operations. From the initial design phase to the final installation, the company employs sophisticated engineering techniques and utilizes state-of-the-art technology to meet an array of demanding industrial requirements. This commitment to continual improvement and comprehensive process integration has cemented Twin Disc’s position as a trusted partner for customers who depend on robust power transmission equipment for critical applications.
Integration with Global Business Dynamics
Twin Disc operates within a competitive landscape where quality, innovation, and operational resilience govern market success. Its dual-segment business model, combining manufacturing excellence with an effective global distribution network, ensures that it can swiftly and reliably serve a wide range of industries. Whether addressing the demands of the marine and defense sectors or providing solutions for industrial, energy, and governmental applications, Twin Disc is consistently recognized for its technical acumen and operational integrity.
The company’s sustained focus on operational discipline, quality control, and customer satisfaction has allowed it to navigate economic fluctuations and evolving market demands while maintaining consistent performance. This resilience is built on a foundation of engineering and technological expertise, making Twin Disc an enduring and reliable name in power transmission and heavy-duty machinery components.
In summary, Twin Disc Inc. not only manufactures products that are critical to various sectors of the global economy but also serves as a cornerstone for the operational efficiency of diverse machinery and equipment. Its widespread application across marine, industrial, and heavy-duty sectors ensures that wherever there is a need to convert engine power into effective, reliable work, Twin Disc is there to deliver innovative engineering solutions.
Twin Disc (NASDAQ: TWIN) has completed the acquisition of Kobelt Manufacturing for $16.5 million. Kobelt, a Canadian company specializing in brake, control, and steering systems for industrial and marine markets, generated approximately $14 million in revenue for the year ending December 31, 2024.
The acquisition is expected to be immediately accretive to Twin Disc's U.S. GAAP earnings. Kobelt brings complementary products, extensive after-sales services, and in-house foundry capabilities with precision machining. The company has established relationships in 60 countries and will benefit from Twin Disc's global presence to expand its international reach.
The strategic combination aims to strengthen Twin Disc's product portfolio in the industrial and marine sectors, leveraging both companies' extensive history and expertise to create value for their combined customer base.
Twin Disc (NASDAQ: TWIN) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.04 per share. The dividend will be payable on March 3, 2025, to shareholders of record at the close of business on February 17, 2025.
The company specializes in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Their product portfolio includes marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. Twin Disc serves various markets including pleasure craft, commercial and military marine, energy and natural resources, government, and industrial sectors through a direct sales force and distributor network.
Twin Disc (NASDAQ: TWIN) reported strong Q2 FY2025 results with sales increasing 23.2% year-over-year to $89.9 million, including a $10.0 million contribution from the Katsa Oy acquisition. Organic sales grew 10.1%, driven by strength in Marine and Propulsion Systems and Industrial segments.
The company reported net income of $0.9 million ($0.07 per diluted share), unchanged from Q2 FY2024. EBITDA increased 13.5% to $6.3 million. Gross margin decreased 420 basis points to 24.1%, impacted by a $1.6 million inventory write-down and $0.3 million purchase accounting expense related to Katsa acquisition.
The six-month backlog stands at $124.0 million, with total debt increasing 40.5% to $24.9 million primarily due to the Katsa acquisition. The company maintains a strong position in marine markets, with Veth products reaching record levels in North American market despite challenges in Asian oil and gas markets.
Twin Disc (NASDAQ: TWIN) has announced the schedule for its fiscal 2025 second-quarter earnings release and conference call. The company will release its financial results on February 5, 2025, at approximately 8:00 am Eastern, followed by a webcast and conference call at 9:00 am Eastern.
The event will include prepared remarks and a Q&A session with the investment community. Investors can access the live audio webcast through Twin Disc's investor relations website at https://ir.twindisc.com. To join the conference call, participants should dial (646) 968-2525 about ten minutes before the start time. A replay of the webcast will be available until February 4, 2026.
Twin Disc (NASDAQ: TWIN) announced its participation in the Sidoti November 2024 Virtual Micro-Cap Conference. CEO John Batten and CFO Jeff Knutson will present on Wednesday, November 13 at 11:30 am Eastern. The presentation will be available via webcast on Twin Disc's investor relations website.
The executives will also conduct one-on-one meetings with registered investors during the conference. Twin Disc specializes in manufacturing marine and heavy-duty off-highway power transmission equipment, including marine transmissions, azimuth drives, surface drives, propellers, and various industrial systems. The company serves pleasure craft, commercial and military marine markets, along with energy, natural resources, government, and industrial sectors.
Twin Disc (NASDAQ: TWIN) has announced that its Board of Directors has approved a regular quarterly cash dividend of $0.04 per share. The dividend will be payable on December 2, 2024, to shareholders of record at the close of business on November 18, 2024. Twin Disc designs and manufactures marine and heavy-duty off-highway power transmission equipment, serving pleasure craft, commercial and military marine markets, as well as energy, natural resources, government, and industrial sectors.
Twin Disc (NASDAQ: TWIN) reported Q1 FY2025 results with sales increasing 14.7% year-over-year to $72.9 million. The growth was primarily driven by the Katsa Oy acquisition and strength in Marine and Propulsion segments. Despite revenue growth, the company reported a net loss of ($2.8 million) and EBITDA of $1.7 million, including a ($1.1 million) currency loss. Gross margin expanded 30 basis points to 26.5%. The company maintains a robust six-month backlog of $144.3 million, supported by healthy ongoing demand, though experiencing slowdown in Asian Oil and Gas markets.
Twin Disc (NASDAQ: TWIN) has announced the release date for its fiscal 2025 first-quarter results. The company will publish the results on November 6, 2024, at approximately 8:00 am Eastern. Following this, Twin Disc will host a webcast and conference call at 9:00 am Eastern to discuss the results and engage in a Q&A session with the investment community.
Interested parties can access the live audio webcast on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, dial (646) 968-2525 about ten minutes before the scheduled start. A replay of the webcast will be available on the company's website until November 5, 2025.
Twin Disc (NASDAQ: TWIN) reported strong results for fiscal year 2024 and Q4. Full-year highlights include:
- Sales increased 6.6% to $295.1 million
- Net income of $11.0 million
- EBITDA up 2.9% to $26.5 million
- Free cash flow of $25.0 million
Q4 highlights include:
- Sales up 0.6% to $84.4 million
- Net income of $7.4 million
- Strong operating cash flow of $11.5 million
The company saw robust demand in Land Based Transmissions and Marine businesses. Twin Disc acquired Katsa Oy to expand its industrial product line and reinstated its quarterly dividend. Management expects fiscal 2025 conditions to be similar to 2024 and provided updated medium-term growth targets.
Twin Disc (NASDAQ: TWIN) has announced a quarterly cash dividend of $0.04 per share, approved by its Board of Directors. The dividend will be payable on September 2, 2024, to shareholders of record at the close of business on August 19, 2024. Twin Disc specializes in designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment. Their product range includes marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. The company serves various markets, including pleasure craft, commercial and military marine, energy and natural resources, government, and industrial sectors, through a direct sales force and distributor network.
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