Twin Disc, Incorporated Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023
August 16, 2023 at 08:00 am EDT
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Twin Disc, Incorporated reported earnings results for the fourth quarter and full year ended June 30, 2023. For the fourth quarter, the company reported sales was USD 83.92 million compared to USD 75.97 million a year ago. Net income was USD 8.6 million compared to USD 10.15 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to USD 0.75 a year ago.
For the full year, sales was USD 276.96 million compared to USD 242.91 million a year ago. Net income was USD 10.38 million compared to USD 10.47 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 0.78 a year ago.
Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off highway power transmission equipment. The Company has two reportable segments: Manufacturing and Distribution. The Companyâs products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, controls systems and non-Twin Disc manufactured products. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company has manufacturing locations in the United States, Belgium, Italy, Switzerland, and the Netherlands. In addition to these countries, it has distribution locations in Singapore, China, Australia, and Japan.
TWIN DISC, INCORPORATED 
