TWIN

Twin Disc (NASDAQ:TWIN) reported fiscal third-quarter 2026 results that management said marked the start of a stronger second half, citing higher sales, expanding margins, and improved free cash flow generation. CEO John Batten said the company delivered “meaningful sales growth, margin expansion, and improved free cash flow generation through solid execution and healthy demand across our end markets.” Sales rose 19% year over year to $96.7 million, supported by strength in Marine and Propulsion Systems, continued demand for Veth products, contributions from acquisitions, and favorable foreign exchange. On an organic basis, Batten said sales grew 7%. → Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? Profitability improved as gross margin expanded to 28.1%, which Batten attributed to higher volumes and operational improvements. CFO Jeff (Chief Financial Officer) reported gross profit increased 25% to $27.1 million. SG&A expenses were $21.3 million compared with $19.8 million in the prior-year period, though Jeff noted SG&A fell by about 230 basis points as a percentage of sales due to operating leverage on higher revenue. → A Prada Payday: Is AMC Back in Style? Net income attributable to Twin Disc was $3.3 million, or $0.23 per diluted share, compared with a net loss of $1.5 million, or $0.11 per diluted share, in the prior-year period. Jeff said the improvement was driven by higher operating income and lower expenses. EBITDA increased to $9.4 million, up about 135% year over year, with EBITDA margin improving by roughly 480 basis points. Management attributed the gain to higher volume and the implementation of margin improvement initiatives. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% Batten said Marine and Propulsion Systems remained a key driver, with sales up 20% from the prior-year period. He cited healthy demand across workboat, government, and specialty marine applications, along with “sustained interest in higher content propulsion solutions and integrated systems,” including continued demand for Veth products. He also pointed to improved aftermarket execution, saying the company’s performance was encouraging given “short-term softness we discussed last quarter that was largely timing related and not indicative of any change in underlying demand.” Land-based Transmissions posted year-over-year growth of 22.2%, drive...

Third quarter results marked the start of an expected stronger second half, characterized by 19% year-over-year sales growth and meaningful margin expansion. Organic growth of 7% was supported by healthy demand in Marine and Propulsion, defense, and select industrial applications, while acquisitions and foreign exchange provided additional tailwinds. Gross margin expansion to 28.1% was driven by higher shipment volumes and the successful implementation of operational and margin improvement initiatives. Defense has become an increasingly durable component of the business, now representing approximately 15% of the total backlog due to elevated global spending and modernization needs. Land-based transmission growth of 22.2% reflected improved shipment volumes as the company began clearing previous delivery delays, despite continued cautious behavior in North American oil and gas. Regional sales mix shifted toward North America and Europe, which management noted is a trend that should help soften the impact of tariffs moving forward. Management expects continued progress through the balance of the fiscal year supported by backlog conversion, improving mix, and ongoing footprint optimization. The company is advancing targeted facility expansion in Finland to add test stand and assembly capacity specifically to support expected growth in European defense demand. Guidance for the upcoming quarter assumes a tariff-related impact of approximately 1% to 3% of cost of goods sold based on the current environment and regional mix. A pipeline of roughly $50 million to $75 million in defense opportunities supports management's confidence in the long-term durability of that segment. Operational strategy includes relocating ARF assembly to the Lufkin facility to improve flexibility and better align capacity with shifting market demand. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Certain oil and gas transmission shipments to China shifted into the fourth quarter due to customer timing preferences for complete system deliveries. Inventory as a percentage of backlog improved to approximately 89%, reflecting a strategic focus on working capital normalization and cash conversion. Total debt increased to $45.1 million, primarily reflecting the financing required for the Cob...

MILWAUKEE, May 06, 2026 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN) today reported results for the third quarter ended March 27, 2026. Fiscal Third Quarter 2026 Highlights Sales increased 19.0% year-over-year to $96.7 million Gross margin of 28.1%, expanded 134 basis points over prior year Net income attributable to Twin Disc was $3.3 million and EBITDA* of $9.4 million Delivered positive Operating Cash Flow of $5.3 million and Free Cash Flow* of $1.8 million during the quarter Robust six-month backlog of $179.5 million supported by healthy ongoing demand Continued momentum in defense, supporting Finland facility expansion to deliver long-term growth CEO Perspective “Our third quarter results marked the beginning of the strong second-half performance we anticipated. We delivered meaningful sales growth, margin expansion and improved free cash flow generation, driven by solid execution and healthy demand across our end markets. Marine and propulsion systems remained a key driver of both top- and bottom-line expansion, supported by continued demand for our Veth products,” commented John H. Batten, President and Chief Executive Officer of Twin Disc. “Looking ahead, strong demand continues to support healthy order momentum and a growing, record backlog, including increased activity from our defense-related programs. At the same time, we remain focused on advancing internal initiatives that optimize our manufacturing footprint and support future growth, including relocating production to mitigate tariff exposure and adding capacity to support our expanding defense business. Together with improving profitability, these actions position Twin Disc well to capitalize efficiently on robust end market demand and drive long-term growth,” Mr. Batten concluded. Third Quarter Results Sales for the fiscal 2026 third quarter increased 19.0% year-over-year to $96.7 million, driven largely by strength in the Company’s Veth products in Marine and Propulsion Systems. On an organic basis*, which excludes the impacts of acquisitions and foreign currency exchange, fiscal third quarter 2026 sales increased 7.0% year-over-year. Sales by product group (certain amounts have been reclassified from Marine and Propulsion to Other): Twin Disc delivered double-digit growth year-over-year in the North American region which drove a shift in the distribution of sales across geographical...

Image source: The Motley Fool. Wednesday, May 6, 2026 at 9 a.m. ET Chief Executive Officer — John H. Batten Chief Financial Officer — Jeffrey S. Knutson Twin Disc (NASDAQ:TWIN) reported its latest quarterly results and provided updates on operational and strategic developments during its recent conference call. Need a quote from a Motley Fool analyst? Email [email protected] John H. Batten, Twin Disc, Incorporated’s CEO. I would like to remind everyone that certain statements made during this conference call, especially statements expressing hopes, beliefs, expectations, or predictions for the future, are forward-looking statements. It is important to remember that the company’s actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company’s annual report on Form 10-K, copies of which may be obtained by contacting either the company or the SEC. Any forward-looking statements that are made during this call are based on assumptions as of today, and the company undertakes no obligation to publicly update or revise these statements to reflect subsequent events or new information. During today’s call, management will also discuss certain non-GAAP financial measures. For a definition of non-GAAP financial measures and a reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. I will now turn the call over to John. John H. Batten: Good morning, everyone, and welcome to our fiscal 2026 third quarter conference call. Let me start with a few highlights from the third quarter. As we noted during our previous earnings call, we expected a stronger second half, and our third quarter results marked the beginning of that. We delivered meaningful sales growth, margin expansion, and improved free cash flow generation through solid execution and healthy demand across our end markets. Sales increased 19% year-over-year to $96.7 million, supported by strength in Marine and Propulsion Systems with continued demand for our Veth products, along with contributions from acquisitions and favorable foreign exchange. On an organic basis, sales grew 7%, reflecting healthy demand across Marine and Propulsion, defense, and select industrial applications. Pro...

MILWAUKEE (AP) — MILWAUKEE (AP) — Twin Disc Inc. (TWIN) on Wednesday reported earnings of $3.3 million in its fiscal third quarter. The Milwaukee-based company said it had net income of 23 cents per share. The power transmission equipment maker posted revenue of $96.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWIN at https://www.zacks.com/ap/TWIN

MILWAUKEE, April 30, 2026 (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 1, 2026, to shareholders of record at the close of business on May 18, 2026. About Twin Disc Twin 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 customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. For more information, please visit www.twindisc.com. Investors: Riveron [email protected] Source: Twin Disc, Incorporated

MILWAUKEE, April 22, 2026 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today announced that it will release its fiscal 2026 third-quarter results at approximately 8:00 am Eastern on May 6, 2026, 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 shortly after the call until May 7, 2027. About Twin Disc Twin 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 customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. For more information, please visit www.twindisc.com. Investors: Riveron [email protected] Source: Twin Disc, Incorporated

Twin Disc reported resilient demand and a record backlog of $175.3 million (up 41.4% YoY), with defense backlog rising 18% sequentially and a defense pipeline exceeding $50 million, giving management visibility into the second half. Tariffs and several non‑recurring operational issues — with tariff impacts roughly 3% of cost of sales — caused shipment timing delays that pressured margins and EBITDA; management is pursuing pricing, footprint changes and plans to move ARFF assembly to tariff‑advantaged Lufkin to reduce exposure. Financially, Q2 sales were $90.2 million (up 0.3% YoY, down ~7.9% organically), gross margin improved to 24.8% but EBITDA fell 25%, while net income rose to $22.4 million largely due to a $21.8 million income tax benefit from reversing the domestic valuation allowance. Interested in Twin Disc, Incorporated? Here are five stocks we like better. Twin Disc (NASDAQ:TWIN) executives told investors the company’s fiscal 2026 second quarter reflected resilient demand across several end markets, but also highlighted shipment timing issues tied to tariffs and a handful of non-recurring operational items that pressured profitability metrics. Management emphasized that backlog reached a record level and said mitigation actions are underway to reduce structural tariff exposure over time. CEO John Batten said demand remained “robust” across marine, defense, and select industrial applications, helping the company post a record six-month backlog again during the quarter. Batten described the operating environment as challenging, with tariffs creating “friction across the industry” and influencing customer order placement, timing, and shipping lead times. → AMD’s Post-Earnings Dip Looks Like the Buying Window Bulls Wanted According to Batten, tariff impacts were elevated in the quarter at about 3% of cost of sales. He said the effects were primarily modest timing delays rather than lost orders. Management reiterated ongoing mitigation efforts, including pricing discipline, operational enhancements, and footprint optimization. As part of those efforts, Batten said Twin Disc has been evaluating utilization and flexibility across its manufacturing network, including changes to production flows and potential relocation of certain activities “over time” to reduce tariff exposure. One example he cited was planning to move ARFF assembly to the company’s Lufki...

This article first appeared on GuruFocus. Release Date: February 04, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Twin Disc Inc (NASDAQ:TWIN) reported a record backlog of $175.3 million, up 41.4% year over year, providing solid visibility into the second half of fiscal 2026. Defense-related opportunities are growing, with the backlog up 18% sequentially, driven by elevated defense spending in the United States and NATO. The industrial business saw a 22% year-over-year increase in sales, benefiting from recent acquisitions and steady demand. Gross profit rose 3.2% to $22.4 million, with gross margin improving by 70 basis points to 24.8%, reflecting the absence of inventory-related charges from the previous year. International oil and gas demand showed early signs of improvement, particularly in China, where customer engagement exceeded expectations. Tariff impacts were elevated, accounting for approximately 3% of the cost of sales, causing friction in order placement and shipping lead times. Sales in the land-based transmission segment decreased by 8.1% year over year due to shipment delays and cautious customer behavior in North America. Aftermarket activity experienced short-term softness due to customer timing and year-end dynamics, impacting margins. Net debt increased to $29.6 million, primarily due to the strategic acquisition of Cobalt, with a cash balance down 6.4% from the prior year. EBITDA decreased by 25% compared to the prior year, affected by higher MEA expenses, tariff-related impacts, and non-recurring items. Warning! GuruFocus has detected 11 Warning Signs with TWIN. Is TWIN fairly valued? Test your thesis with our free DCF calculator. Q: With the delayed shipments and other factors, what do you think is achievable for top-line growth for the balance of the year? A: (Jeff Knutson, CFO) Tariffs are unpredictable, but we expect good growth in the second half, progressing from Q2 to Q3 to Q4, with Q3 and Q4 being stronger quarters. We should trend similarly to previous years as we grow through the year, despite the unpredictability of customer behavior regarding tariffs. Q: Can you discuss the sequential gross margin bridge from the first quarter of 2026? A: (Jeff Knutson, CFO) Several factors impacted gross margin, including tariff expenses that gross up revenue and dilute margin perc...

MILWAUKEE, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN) today reported results for the second quarter ended December 26, 2025. Fiscal Second Quarter 2026 Highlights Sales increased 0.3% year-over-year to $90.2 million Gross margin of 24.8%, expanded 70 basis points over prior year Net income attributable to Twin Disc was $22.4 million and EBITDA* of $4.7 million Robust six-month backlog of $175.3 million supported by healthy ongoing demand Delivered positive Operating Cash Flow of $4.6 million and Free Cash Flow* of $1.2 million during the quarter Continued momentum in defense, with accelerating orders and an expanding pipeline across U.S. and Europe CEO Perspective “Second quarter results reflected our continued focus on execution in an uneven operating environment, as tariff-related impacts affected shipment timing and near-term activity. Despite these headwinds, demand across our end markets remains strong as we delivered sequential sales growth and resilient order momentum. Orders reflected increased activity from our defense-related programs such as our Katsa product lines, along with strong interest for our hybrid propulsion systems as our leading reputation for innovation solidifies our presence in these growing markets. Our expanding presence is illustrated by our record backlog, which continues to grow and provides confidence as we move into the second half of the fiscal year,” commented John H. Batten, President and Chief Executive Officer of Twin Disc. “While macro-related uncertainty created short-term disruption, planned shipments in the quarter were delayed rather than lost and we are well equipped to adapt to revised timelines. Overall, we are well positioned to convert our record backlog into shipments as timing normalizes, with capacity in place across our existing manufacturing footprint to support this growth. Looking ahead, we remain focused on execution and delivering continued performance improvements,” Mr. Batten concluded. Second Quarter Results Sales for the fiscal 2026 second quarter increased 0.3% year-over-year to $90.2 million, driven by the addition of Kobelt, along with strength of the Company’s Veth products within Marine and Propulsion Systems, in addition to recovery in the Industrial product group. On an organic basis*, which excludes the impacts of acquisitions and foreign currency exchange, fiscal seco...

MILWAUKEE (AP) — MILWAUKEE (AP) — Twin Disc Inc. (TWIN) on Wednesday reported profit of $22.4 million in its fiscal second quarter. The Milwaukee-based company said it had profit of $1.55 per share. Earnings, adjusted for pretax gains, were 4 cents per share. The power transmission equipment maker posted revenue of $90.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWIN at https://www.zacks.com/ap/TWIN