Twin Disc has announced that Michael C. Smiley has rejoined its Board of Directors. Smiley previously served on the Company’s Board from 2010 to 2018 and will stand for re-election at the Company’s annual shareholder meeting in October 2019. Commenting on the election, John H. Batten, Chief Executive Officer of Twin Disc, stated, “From 2010 […]
Twin Disc fourth quarter financial results
Twin Disc has reported financial results for the fiscal 2019 fourth quarter ended June 30, 2019. Sales for the fiscal 2019 fourth quarter were $72,447,000, compared to $73,774,000 for the same period last year. The 1.8% decrease in 2019 fourth quarter sales was primarily due to reduced demand for the Company’s 8500 series transmission systems […]
Twin Disc reschedules fiscal 2019 fourth-quarter conference
Twin Disc has announced that it has rescheduled the release of its fiscal 2019 fourth-quarter financial results to August 9, 2019. Twin Disc will now host a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on August 9, 2019. To participate in the conference call, please dial (888) […]
Twin Disc announces fiscal 2019 fourth-quarter earnings
Twin Disc has announced that it will release its fiscal 2019 fourth-quarter financial results before the market opens on August 5, 2019. In conjunction with the earnings release, Twin Disc will be hosting a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on August 5, 2019. To participate […]
Twin Disc announces fiscal 2019 third quarter financial results
Twin Disc has reported financial results for the fiscal 2019 third quarter ended March 29, 2019. Sales for the fiscal 2019 third quarter increased to $77,420,000, from $65,349,000 for the same period last year. The 18.5% increase in 2019 third quarter sales was primarily due to the contribution from the Veth Propulsion acquisition, stable demand […]
Twin Disc announces fiscal 2019 third-quarter earnings
Twin Disc has announced that it will release its fiscal 2019 third-quarter financial results before the market opens on May 6, 2019. In conjunction with the earnings release, Twin Disc will be hosting a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on May 6, 2019. To participate […]
Twin Disc fiscal 2019 second quarter
Twin Disc, Inc. (NASDAQ: TWIN), has reported financial results for the fiscal 2019 second quarter and first half ended December 28, 2018. Sales for the fiscal 2019 second quarter were $78,107,000, compared to $56,546,000 for the same period last year. The 38.1% increase in fiscal 2019 second quarter net sales was primarily due to the […]
Twin Disc announces fiscal 2019 second-quarter earnings
Twin Disc, Inc. (NASDAQ: TWIN), has announced that it will release its fiscal 2019 second-quarter financial results before the market opens on Friday, February 1, 2019. In conjunction with the earnings release, Twin Disc will be hosting a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on Friday, […]
Twin Disc to present at the Baird 2018 Global Industrial Conference
Twin Disc has announced that John H. Batten, President and Chief Executive Officer and Jeffrey S. Knutson, Vice President – Finance, Chief Financial Officer, Treasurer and Secretary will present at the Baird 2018 Global Industrial Conference in Chicago, Illinois on Tuesday, November 6, 2018 at 11:30 a.m. CT. Twin Disc, Inc. designs, manufactures and sells […]
Twin Disc first quarter financial results
Twin Disc, Inc. (NASDAQ: TWIN), has reported financial results for the fiscal 2019 first quarter ended September 28, 2018. Net sales for the fiscal 2019 first quarter were $74,689,000, compared to $45,064,000 for the same period last year. The 65.7% increase in fiscal 2019 first quarter net sales was primarily due to the contribution from […]
Twin Disc announces fiscal 2019 first quarter earnings and conference call
Twin Disc has announced that it will release its fiscal 2019 first-quarter financial results before the market opens on Monday, October 29, 2018. In conjunction with the earnings release, Twin Disc will be hosting a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on Monday, October 29, 2018. […]
Twin Disc announces Proposed follow-on public offering of common stock
Twin Disc, Incorporated (Nasdaq: TWIN), a global leader in power transmission technology for marine and land-based applications, today announced that it has commenced an underwritten public offering of $30,000,000 of shares of its common stock. All of the shares are being offered by Twin Disc. In addition, Twin Disc intends to grant the underwriters a […]
Twin Disc unveils heritage gallery for 100th anniversary
Twin Disc, Inc., a global player in power transmission technology for marine and land-based applications, unveiled the Twin Disc Heritage Gallery on Aug. 2, at the company’s Racine headquarters, in celebration of its 100th anniversary. The gallery, which takes up roughly 4,000 square feet of the first floor of the Twin Disc corporate headquarters, provides […]
Twin Disc, Inc. announces fiscal 2018 fourth-quarter earnings
Twin Disc, Inc. (NASDAQ:TWIN), today announced that it will release its fiscal 2018 fourth-quarter financial results before the market opens on Monday, August 6, 2018. In conjunction with the earnings release, Twin Disc will be hosting a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on Monday, August […]
Twin Disc announces closing of Veth Propulsion acquisition
Twin Disc, Inc. announced today that it has completed the €52.1 million (approximately $60.8 million), acquisition of Veth Propulsion Holding, B.V. and its wholly-owned subsidiaries (“Veth Propulsion”), a global supplier of main and auxiliary marine propulsion products. The closing price included net cash and working capital adjustments. The acquisition of Veth Propulsion establishes Twin Disc […]
Twin Disc, Inc. announces agreement to acquire Veth Propulsion
Twin Disc, Inc., has announced that it has entered into a definitive agreement to acquire Veth Propulsion Holding, B.V. and its wholly-owned subsidiaries (“Veth Propulsion”), a global supplier of main and auxiliary marine propulsion products. The purchase price is approximately $58.6 million (€49.7 million) plus net cash, with potential adjustments based on Veth Propulsion’s working […]
Twin Disc celebrates 100 years
Twin Disc, Inc., a global leader in power transmission technology for marine and land-based applications, announced today it will celebrate its 100th anniversary throughout the year. Twin Disc started in Racine, Wisconsin, in 1918 with the introduction of the twin disc farm tractor clutch, and has grown with America while helping America grow. From enhancing […]