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0.0489021956087825 0.0489021956087825 0.00768463073852295 0.00768463073852295 0.0459081836327346 0.0369261477045909 0.0369261477045909 0.0179640718562876
Stock impact report

Twin Disc, Inc. Announces Fiscal 2021 Third 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
Challenging market conditions continue due to the global COVID-19 crisisImproving profitability drives strongest earnings in eight quartersGenerated $2.2 million of operating cash flow for the three months ended March 26, 2021 RACINE, Wis., April 30, 2021 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today reported financial results for the fiscal 2021 third quarter ended March 26, 2021. Sales for the fiscal 2021 third quarter decreased to $57.6 million, from $68.6 million for the same period last year. The 16.0% decrease in 2021 third quarter sales was primarily due to continued softness in the Company’s oil and gas markets along with weaker demand for industrial products compared to the same period the prior fiscal year. Year-to-date, sales were $152.4 million, compared to $187.5 million for the fiscal 2020 nine months. Foreign currency exchange had a $3.9 million favorable impact on fiscal 2021 third quarter sales and a $7.5 million favorable impact on fiscal 2021 yea Show less Read more
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