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Stock impact report

Twin Disc, Inc. Announces Fiscal 2019 Fourth Quarter Financial Results

Twin Disc, Incorporated (TWIN) 
Last twin disc, incorporated earnings: 5/1 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.twindisc.com/investor-relations
Company Research Source: GlobeNewswire
• Veth Acquisition Accretive to EBITDA for Fiscal 2019• Marine Markets Represent 48% of Total Sales for Fiscal 2019• Generated $6,697,000 in Operating Cash Flow for the Fiscal 2019 Fourth Quarter• Focused on Executing Strategic Growth Plan and Improving Profitability RACINE, Wis., Aug. 09, 2019 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today reported financial results for the fiscal 2019 fourth quarter ended June 30, 2019.  Sales for the fiscal 2019 fourth quarter were $72,447,000, compared to $73,774,000 for the same period last year. The 1.8% decrease in 2019 fourth quarter sales was primarily due to reduced demand for the Company’s 8500 series transmission systems from North American fracking customers, partially offset by stable activity in the global industrial and commercial marine markets, and the contribution of Veth Propulsion.  For the fiscal 2019 full year, sales were $302,663,000, compared to $240,733,000 for fiscal 2018, an increase of 25.7%.  Commenting on Show less Read more
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