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Twin Disc, Incorporated (NASDAQ: TWIN) is a leading manufacturer and distributor of marine and heavy-duty off-highway power transmission equipment. Established nearly a century ago, Twin Disc has consistently developed, engineered, and manufactured top-tier power transmission products that play a pivotal role in various industrial applications. The company’s extensive product portfolio includes marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.
Twin Disc operates through two primary segments: Manufacturing and Distribution. Their products are integral to the efficiency and functionality of farm tractors, road pavers, cranes, mining trucks, oil rigs, logging equipment, firefighting and rescue vehicles, pleasure craft, fishing and work boats, pumps, and turbines. Essentially, wherever there is a need to convert horsepower into productivity, Twin Disc provides the solutions.
The company has a strong presence in the pleasure craft, commercial, and military marine markets, as well as in the energy and natural resources sectors. It has continually expanded its global footprint, with sales transacted through both a direct sales force and an extensive distributor network.
Recent achievements include a noteworthy performance in the fiscal 2024 first quarter, ending September 29, 2023, where Twin Disc reported sales of $63.6 million, marking a 13.7% year-over-year increase. The company also saw a 25.1% boost in gross profit to $16.6 million, despite macroeconomic volatility. Notably, they reinstated their quarterly dividend, reflecting confidence in sustained growth and financial stability.
In its second quarter of fiscal 2024, Twin Disc continued this upward trajectory with a 15.2% year-over-year increase in sales to $73.0 million and a gross profit rise of 21.8%. The company attributes this success to strong demand in the Marine and Propulsion Systems and Land-Based Transmissions markets, a favorable product mix, effective operational strategies, and easing supply chain challenges.
Highlighting their strategic expansion, Twin Disc entered into a definitive agreement to acquire Katsa Oy, a reputable European manufacturer of power transmission components and gearboxes, for €21 million. This acquisition aims to expand Twin Disc's reach in the European market and enhance their product offerings in the industrial, marine, and hybrid/electrification sectors.
Financially, Twin Disc has shown resilience with a significant reduction in net debt and an increase in cash reserves, driven by robust cash generation and disciplined capital management. These financial strategies underpin the company's ability to navigate the volatile economic landscape while pursuing growth opportunities.
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.
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.
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