TWIN DISC, INC. PROVIDES BUSINESS UPDATE IN RESPONSE TO COVID-19 CRISIS
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
Company Research
Source: GlobeNewswire
RACINE, Wis., April 08, 2020 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), provides an update on the actions it is taking in response to the impact of the COVID-19 crisis. “We are taking prudent and aggressive measures to respond to the rapidly evolving COVID-19 crisis as well as the significant reduction in the global oil and gas prices,” stated John H. Batten, Chief Executive Officer. In response to lower demand across many of the company’s global markets, Twin Disc is taking the following temporary actions at its North American operations to reduce costs: Temporary layoff of ten salaried employeesReducing paid hours of certain salaried positions by 25%A 15% reduction in salaries for all remaining full-time employees; 20% for the CEO and COOEstimated annualized savings from salaried payroll actions total $4.1 millionDeferring all non-essential spending and CAPEX projects Mr. Batten concluded: “The pace and scope of the COVID-19 crisis is unprecedented, which combined wi
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- Twin Disc (NASDAQ:TWIN) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=TWIN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</aMarketBeat
- With 55% institutional ownership, Twin Disc, Incorporated (NASDAQ:TWIN) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
TWIN
Sec Filings
- 12/11/25 - Form 4
- 12/8/25 - Form 4
- 12/5/25 - Form 4
- TWIN's page on the SEC website