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 |
|---|---|---|---|
| 11/7/2022 | Outperform → Perform | Oppenheimer |
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Oppenheimer downgraded Twin Disc from Outperform to Perform
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
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, April 30, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today reported results for the fiscal 2024 third quarter ended March 29, 2024. Fiscal Third Quarter 2024 Highlights Sales increased 50 basis points year-over-year to $74.2 millionGross margin of 28.2%, expanded 210 basis points on a year-over-year basisNet income attributable to Twin Disc was $3.8 million and EBITDA* of $7.0 millionRobust operating cash flow year to date of $22.3 million compared to $6.9 million in the year-ago periodFree cash flow* year to date of $14.7 million compared to breakeven in the year-ago periodSolid six-month backlog of $130.5 million bolstered by healthy ongoing demand CEO Perspect
MILWAUKEE, April 30, 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 June 3, 2024, to shareholders of record at the close of business on May 20, 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 products to cu
MILWAUKEE, April 23, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced an update to the timing of its fiscal 2024 third-quarter earnings webcast and conference call to 11:00 am Eastern on April 30, 2024 from the previously scheduled time of 9:00 am Eastern on April 30, 2024. The Company will still release its fiscal 2024 third-quarter results at approximately 8:00 am Eastern on April 30, 2024. 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://
MILWAUKEE, April 16, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2024 third-quarter results at approximately 8:00 am Eastern on April 30, 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, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today reported results for the fiscal 2024 second quarter ended December 29, 2023. Fiscal Second Quarter 2024 Highlights Sales increased 15.2% year-over-year to $73.0 millionGross margin of 28.3%, expanded 140 basis points on a year-over-year basisNet income attributable to Twin Disc was $0.9 million and EBITDA* of $5.5 millionSignificantly improved operating cash flow of $16.0 millionFree cash flow* of $10.6 million compared to ($4.7) million in the year-ago periodRobust six-month backlog of $125.2 million supported by healthy ongoing demand CEO Perspective"We delivered another excellent quarter, continuing our
MILWAUKEE, Feb. 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 March 1, 2024, to shareholders of record at the close of business on February 16, 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 products
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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
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, July 01, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) announced today that it has been added to the Russell 2000® and Russell 3000® indexes, effective July 1, 2024. "We are pleased to be included in the Russell indexes, highlighting the growth that Twin Disc has achieved in recent years through solid, consistent execution of our operational playbook," commented John H. Batten, President and Chief Executive Officer of Twin Disc. "We look forward to continuing our momentum as we drive further progress towards our strategic goals and leverage this broadened reach into the investment community to deliver long-term value to our shareholders." Russell indexes are widely us
MILWAUKEE, May 31, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) announced today that it has completed the previously announced acquisition of 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 acquisition of Katsa broadens Twin Disc's global reach through further expansion into growing European markets, while also adding complementary products to grow offerings in the industrial, marine and hybrid/electrification space. For the fiscal year ended September 30, 2023, Katsa delivered approximately €33 million of revenue. Once fully integra
MILWAUKEE, April 30, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today reported results for the fiscal 2024 third quarter ended March 29, 2024. Fiscal Third Quarter 2024 Highlights Sales increased 50 basis points year-over-year to $74.2 millionGross margin of 28.2%, expanded 210 basis points on a year-over-year basisNet income attributable to Twin Disc was $3.8 million and EBITDA* of $7.0 millionRobust operating cash flow year to date of $22.3 million compared to $6.9 million in the year-ago periodFree cash flow* year to date of $14.7 million compared to breakeven in the year-ago periodSolid six-month backlog of $130.5 million bolstered by healthy ongoing demand CEO Perspect
MILWAUKEE, April 30, 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 June 3, 2024, to shareholders of record at the close of business on May 20, 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 products to cu
MILWAUKEE, April 23, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN), today announced an update to the timing of its fiscal 2024 third-quarter earnings webcast and conference call to 11:00 am Eastern on April 30, 2024 from the previously scheduled time of 9:00 am Eastern on April 30, 2024. The Company will still release its fiscal 2024 third-quarter results at approximately 8:00 am Eastern on April 30, 2024. 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://
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Twin Disc (NASDAQ:TWIN) reported quarterly earnings of $0.27 per share. This is a 12.5 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $74.16 million which beat the analyst consensus estimate of $71.80 million by 3.29 percent. This is a 0.60 percent increase over sales of $73.72 million the same period last year.
Gainers Twin Disc (NASDAQ:TWIN) stock increased by 12.7% to $17.5 during Wednesday's pre-market session. The company's market cap stands at $244.3 million. As per the news, the Q2 earnings report came out today. Northann (AMEX:NCL) shares increased by 11.7% to $0.86. The market value of their outstanding shares is at $18.3 million. AZEK Co (NYSE:AZEK) stock rose 11.59% to $44.19. The market value of their outstanding shares is at $6.4 billion. As per the press release, Q1 earnings came out yesterday. Advent Technologies Hldgs (NASDAQ:ADN) shares moved upwards by 11.31% to $0.19. The market value of their outstanding shares is at $13.4 million. Shengfeng Development (NASDAQ:SFWL) shares
Twin Disc (NASDAQ:TWIN) reported quarterly earnings of $0.07 per share. This is a 12.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $72.99 million which beat the analyst consensus estimate of $68.90 million by 5.94 percent. This is a 15.22 percent increase over sales of $63.35 million the same period last year.
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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 1, 2024, to shareholders of record at the close of business on February 16, 2024.
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Fathom Digital Manufacturing Corporation (NYSE:FATH) Fathom Digital Manufacturing named Carey Chen as CEO. The company’s stock has a 52-week low of $2.9930 .
Twin Disc (NASDAQ:TWIN) reported quarterly losses of $(0.09) per share. This is a 40 percent increase over losses of $(0.15) per share from the same period last year. The company reported $63.55 million in sales this quarter. This is a 13.67 percent increase over sales of $55.91 million the same period last year.