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Stock impact report

Twin Disc Announces First Quarter 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
MILWAUKEE, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN) today reported results for the first quarter ended September 27, 2024. Fiscal First Quarter 2025 Highlights Sales increased 14.7% year-over-year to $72.9 millionGross margin of 26.5%, expanded 30 basis points over prior yearNet loss attributable to Twin Disc was ($2.8) million and EBITDA* of $1.7 million, accounting for a ($1.1) million currency lossRobust six-month backlog of $144.3 million supported by healthy ongoing demand CEO Perspective “We delivered double-digit revenue growth in the first quarter, primarily driven by the acquisition of Katsa Oy in the fourth quarter of fiscal 2024, along with continued strength in Marine and Propulsion. Veth remains well-positioned as we meet solid demand with inventory strategically built up throughout the prior year. While a slowdown in Asian Oil and Gas markets impacted Land-Based Transmissions, we are encouraged by stabilization in Industrial, supported by he Show less Read more
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