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Date | Price Target | Rating | Analyst |
---|---|---|---|
11/7/2022 | Outperform → Perform | Oppenheimer |
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, 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, 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
SC 13G - TWIN DISC INC (0000100378) (Subject)
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8-K - TWIN DISC INC (0000100378) (Filer)
SCHEDULE 13G/A - TWIN DISC INC (0000100378) (Subject)
10-Q - TWIN DISC INC (0000100378) (Filer)
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Oppenheimer downgraded Twin Disc from Outperform to Perform