Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include 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 controls systems. It also provides non-twin disc manufactured products. The company sells its products through a direct sales force and distributor network to customers primarily in the pleasure craft, commercial, and military marine markets, as well as in the energy and natural resources, government, and industrial markets. Twin Disc, Incorporated was founded in 1918 and is headquartered in Racine, Wisconsin.
IPO Year:
Exchange: NASDAQ
Website: twindisc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/17/2025 | $12.00 | Buy | Longbow |
| 11/7/2022 | Outperform → Perform | Oppenheimer |
MILWAUKEE, May 09, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of $0.04 per share payable on June 2, 2025, to shareholders of record at the close of business on May 19, 2025. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include 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. The Company sells its products to cust
MILWAUKEE, May 07, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) today reported results for the third quarter ended March 28, 2025. Fiscal Third Quarter 2025 Highlights Sales increased 9.5% year-over-year to $81.2 millionNet loss attributable to Twin Disc was ($1.5) million and EBITDA* of $4.0 millionOperating cash flow of $3.4 millionHealthy six-month backlog of $133.7 million supported by strong ongoing order activity CEO Perspective "Our third quarter results reflect another solid performance, with sequential margin improvement and strong momentum exiting the quarter. Strength across our core marine propulsion markets, particularly in North America and Europe, supported res
MILWAUKEE, April 22, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2025 third-quarter results at approximately 8:00 am Eastern on May 7, 2025, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 307-1963 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.com sho
MILWAUKEE, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), a global leader in power transmission technology for marine and land-based applications, announced today the successful completion of its $16.5 million acquisition of Kobelt Manufacturing Co. Ltd. ("Kobelt"), a Canadian company based in British Columbia that specializes in brake, control and steering systems for industrial and marine end markets. Twin Disc's global presence will expand Kobelt's international reach, while Kobelt will contribute complementary products that diversify and enhance Twin Disc's portfolio in the industrial and marine sectors. Kobelt's extensive after-sales services, combined with its in
MILWAUKEE, Wis., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of $0.04 per share payable on March 3, 2025, to shareholders of record at the close of business on February 17, 2025. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include 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. The Company sells its pro
MILWAUKEE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) today reported results for the second quarter ended December 27, 2024. Fiscal Second Quarter 2025 Highlights Sales increased 23.2% year-over-year to $89.9 million, organic sales* increased 10.1%Net income attributable to Twin Disc was $0.9 millionEBITDA* increased 13.5% year-over-year to $6.3 millionOperating cash flow of $4.3MHealthy six-month backlog of $124.0 million supported by strong ongoing order activity CEO Perspective "This quarter's performance reflected another period of double-digit top-line growth, partly driven by the acquisition of Katsa Oy. The marine market remained stable, while Veth products
MILWAUKEE, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2025 second-quarter results at approximately 8:00 am Eastern on February 5, 2025, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 968-2525 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.co
MILWAUKEE, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that Chief Executive Officer John Batten and Chief Financial Officer Jeff Knutson are presenting at the Sidoti November 2024 Virtual Micro-Cap Conference on Wednesday, November 13 at 11:30 am Eastern. In conjunction with the event, Twin Disc executives will be available to participate in one-on-one meetings with investors registered to attend the conference. The event will be streamed live via a webcast available on the Investor Presentations section of Twin Disc's website at https://ir.twindisc.com. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway p
MILWAUKEE, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2025 first-quarter results at approximately 8:00 am Eastern on November 6, 2024, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 968-2525 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.com
MILWAUKEE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) today reported results for the fourth quarter and full fiscal year 2024 ended June 30, 2024. Fiscal Full Year 2024 Highlights Sales increased 6.6% year-over-year to $295.1 millionNet income attributable to Twin Disc was $11.0 millionEBITDA* increased 2.9% year-over-year to $26.5 millionRobust operating cash flow of $33.7 millionFree cash flow* of $25.0 million compared to $15.0 million in the year-ago periodStrong six-month backlog of $133.7 million supported by consistent end market demand Fiscal Fourth Quarter 2024 Highlights Sales increased 0.6% year-over-year to $84.4 millionNet income attributable to Twin D
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Longbow initiated coverage of Twin Disc with a rating of Buy and set a new price target of $12.00
Oppenheimer downgraded Twin Disc from Outperform to Perform
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MILWAUKEE, May 09, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of $0.04 per share payable on June 2, 2025, to shareholders of record at the close of business on May 19, 2025. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include 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. The Company sells its products to cust
MILWAUKEE, May 07, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) today reported results for the third quarter ended March 28, 2025. Fiscal Third Quarter 2025 Highlights Sales increased 9.5% year-over-year to $81.2 millionNet loss attributable to Twin Disc was ($1.5) million and EBITDA* of $4.0 millionOperating cash flow of $3.4 millionHealthy six-month backlog of $133.7 million supported by strong ongoing order activity CEO Perspective "Our third quarter results reflect another solid performance, with sequential margin improvement and strong momentum exiting the quarter. Strength across our core marine propulsion markets, particularly in North America and Europe, supported res
MILWAUKEE, April 22, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2025 third-quarter results at approximately 8:00 am Eastern on May 7, 2025, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 307-1963 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.com sho
MILWAUKEE, Wis., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of $0.04 per share payable on March 3, 2025, to shareholders of record at the close of business on February 17, 2025. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include 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. The Company sells its pro
MILWAUKEE, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) today reported results for the second quarter ended December 27, 2024. Fiscal Second Quarter 2025 Highlights Sales increased 23.2% year-over-year to $89.9 million, organic sales* increased 10.1%Net income attributable to Twin Disc was $0.9 millionEBITDA* increased 13.5% year-over-year to $6.3 millionOperating cash flow of $4.3MHealthy six-month backlog of $124.0 million supported by strong ongoing order activity CEO Perspective "This quarter's performance reflected another period of double-digit top-line growth, partly driven by the acquisition of Katsa Oy. The marine market remained stable, while Veth products
MILWAUKEE, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2025 second-quarter results at approximately 8:00 am Eastern on February 5, 2025, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 968-2525 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.co
MILWAUKEE, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2025 first-quarter results at approximately 8:00 am Eastern on November 6, 2024, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 968-2525 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.com
MILWAUKEE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) today reported results for the fourth quarter and full fiscal year 2024 ended June 30, 2024. Fiscal Full Year 2024 Highlights Sales increased 6.6% year-over-year to $295.1 millionNet income attributable to Twin Disc was $11.0 millionEBITDA* increased 2.9% year-over-year to $26.5 millionRobust operating cash flow of $33.7 millionFree cash flow* of $25.0 million compared to $15.0 million in the year-ago periodStrong six-month backlog of $133.7 million supported by consistent end market demand Fiscal Fourth Quarter 2024 Highlights Sales increased 0.6% year-over-year to $84.4 millionNet income attributable to Twin D
MILWAUKEE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that the Board of Directors (the "Board") approved a regular quarterly cash dividend of $0.04 per share payable on September 2, 2024, to shareholders of record at the close of business on August 19, 2024. About Twin DiscTwin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include 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. The Company sells its produ
MILWAUKEE, July 31, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2024 fourth-quarter results at approximately 8:00 am Eastern on August 15, 2024, and host a webcast and conference call to discuss those results at 9:00 am Eastern. Following their prepared remarks, the Company will host a question-and-answer session with the investment community. The live audio webcast will be available on Twin Disc's website at https://ir.twindisc.com. To participate in the conference call, please dial (800) 715-9871 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.com
MILWAUKEE, March 06, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), announced today that it has entered into a definitive agreement to acquire Katsa Oy ("Katsa"), a leading European manufacturer of high-quality power transmission components and gearboxes, in an all-cash transaction valued at €21 million (approximately $23 million). The transaction is expected to close in the first half of calendar year 2024, subject to customary closing conditions, including regulatory approval. Founded in 1955 and headquartered in Tampere, Finland, Katsa designs and manufactures custom-designed gearboxes and power transmission components which meet high-quality requirements for industrial and ma
RACINE, Wis., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) a global leader in power transmission technology for marine, land-based and oil & gas applications, has appointed Kevin Olsen to its Board of Directors. Mr. Olsen is currently the President and Chief Executive Officer of Dorman Products, Inc. (NASDAQ:DORM) and also serves as a member of Dorman's Board of Directors. Mr. Olsen previously served as Dorman's Chief Financial Officer from 2016 to 2018. Dorman Products, Inc. is a leading supplier of replacement parts and fasteners for passenger cars and light-, medium-, and heavy-duty vehicles in the motor vehicle aftermarket industry. Prior to Dorman, Mr. Olsen held a
RACINE, Wis., April 20, 2022 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) a global leader in power transmission technology for marine, land-based and oil & gas applications, has appointed Juliann Larimer to its Board of Directors. "We are pleased to welcome Juliann to our Board of Directors and are confident that her background and experience will benefit Twin Disc and its shareholders," said John H. Batten, Chief Executive Officer. "Her experience in commercial excellence, including developing solutions and strategy that leverage technology, will be a tremendous asset for Twin Disc." Juliann Larimer is currently the Chairperson of Peak Technologies, Inc. Ms. Larimer served as the P