Twin Disc Announces Second Quarter Results
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
MILWAUKEE, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today reported results for the fiscal 2024 second quarter ended December 29, 2023. Fiscal Second Quarter 2024 Highlights Sales increased 15.2% year-over-year to $73.0 millionGross margin of 28.3%, expanded 140 basis points on a year-over-year basisNet income attributable to Twin Disc was $0.9 million and EBITDA* of $5.5 millionSignificantly improved operating cash flow of $16.0 millionFree cash flow* of $10.6 million compared to ($4.7) million in the year-ago periodRobust six-month backlog of $125.2 million supported by healthy ongoing demand CEO Perspective“We delivered another excellent quarter, continuing our momentum of double-digit revenue growth and expanded margins while generating historically high cash from operations. Similar to the prior quarter, strength in Marine and Propulsion and Land-Based Transmissions drove our outperformance, more than offsetting near-term softness in Industrial. Our a
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News
- Twin Disc: Reiterating 'Hold' Rating As We Approach Fiscal Q3 Earnings (Technical Analysis) [Seeking Alpha]Seeking Alpha
- Twin Disc Announces Update to Timing of its Fiscal 2024 Third Quarter Earnings Webcast and Conference CallGlobeNewswire
- 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
TWIN
Analyst Actions
- 3/12/24 - TheStreet
TWIN
Sec Filings
- 4/22/24 - Form SC
- 4/2/24 - Form 8-K
- 3/6/24 - Form 8-K
- TWIN's page on the SEC website