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, 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.
Twin Disc, Inc. (NASDAQ: TWIN) is set to announce its fiscal 2020 fourth-quarter financial results before market open on August 7, 2020. A conference call scheduled for 11:00 a.m. ET on the same day will provide insights into the results and allow for Q&A. Participants can join by dialing (866) 548-4713. A replay will be available after the call until August 14, 2020. Twin Disc specializes in marine and heavy-duty off-highway power transmission equipment, serving multiple markets including military and commercial marine.
Twin Disc, Inc. (NASDAQ: TWIN) will hold a special investor conference call on July 7, 2020, at 11:00 a.m. ET to update stakeholders on the impact of COVID-19, following their fiscal 2020 third-quarter conference call. Interested parties can join by calling 800-289-0438. The call will also be streamed live on Twin Disc's website, with a replay available until July 14, 2020. The company specializes in manufacturing marine and heavy-duty off-highway power transmission equipment for various markets, including military and commercial marine.
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