Twin Disc Reports Record Q4 Revenue with Strong Growth in Defense and Marine Markets
Twin Disc (NYSE: TWIN) reported record fourth-quarter revenue of $114.4 million, reflecting an 18.3% year-over-year increase driven by strong demand for land-based transmissions and marine propulsion systems. The company's net income reached $9.4 million or $0.64 per diluted share, bolstered by higher operating income and a tax benefit of $0.17 per share. Defense-related activities emerged as a key growth driver with the defense backlog increasing 56% year over year to represent 17% of total backlog at fiscal year-end. The company also announced a quarterly dividend increase of 25%, signaling confidence in its financial performance and future prospects.
Tickers: $TWIN
Topics: dividend_increase ebitda free_cash_flow net_income operating_income revenue sales_segments