Twin Disc, Inc. Announces the Sale of Mill Log to Palmer Johnson Power Systems
Twin Disc, Incorporated (TWIN)
Last twin disc, incorporated earnings: 5/1 08:00 am
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US:NASDAQ Investor Relations:
ir.twindisc.com/investor-relations
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Source: GlobeNewswire
RACINE, Wis., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, today announced that effective March 4, 2019, Palmer Johnson Power Systems will acquire Twin Disc's distribution rights to sell and service Twin Disc products previously supported by Mill Log Equipment Co., Inc. and Mill Log Wilson Equipment Ltd. (Mill Log). As part of the transaction, Palmer Johnson Power Systems, a longstanding Twin Disc distributor currently serving the Midwest United States, will purchase inventory and operational assets from Twin Disc. Palmer Johnson Power Systems will acquire Mill Log’s assets and distribution rights in the Pacific Northwest and Western Canada for approximately $7.5 million. “The transition of Mill Log to Palmer Johnson is an exceptional opportunity for Twin Disc, our distributors and our customers,” said John H. Batten, President and Chief Executive Officer, Twin Disc, Inc.
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News
- Twin Disc Announces Details of Fiscal 2024 Third Quarter Earnings Release, Webcast, and Conference Call [Yahoo! Finance]Yahoo! Finance
- Twin Disc Announces Details of Fiscal 2024 Third Quarter Earnings Release, Webcast, and Conference CallGlobeNewswire
- Institutional investors own a significant stake of 49% in Twin Disc, Incorporated (NASDAQ:TWIN) [Yahoo! Finance]Yahoo! Finance
- Investing in Twin Disc (NASDAQ:TWIN) a year ago would have delivered you a 58% gain [Yahoo! Finance]Yahoo! Finance
- Twin Disc, Incorporated (NASDAQ: TWIN) was upgraded by analysts at TheStreet from a "c+" rating to a "b-" rating.MarketBeat
TWIN
Analyst Actions
- 3/12/24 - TheStreet
TWIN
Sec Filings
- 4/2/24 - Form 8-K
- 3/6/24 - Form 8-K
- 2/13/24 - Form SC
- TWIN's page on the SEC website