Twin Disc Reports Strong Q1 Fiscal 2027 Results with Record Backlog and Revenue Growth
Twin Disc (TWIN) delivered a strong first quarter for fiscal 2027, reporting revenue of $88.7 million, an increase of 10.9% year-over-year. The growth was primarily fueled by robust demand in the defense sector and strength within the Veth product line. Notably, the company achieved a record six-month backlog of $190.6 million, reflecting increased momentum in military transmissions and commercial maritime markets in Asia. The company successfully transitioned from a net loss in the prior year to a net income of $3.4 million ($0.24 per diluted share). Operational efficiency improved significantly, with EBITDA rising 62.6% year-over-year. While gross margins remained consistent at 28.7%, management noted that certain product lines operate below company averages. Despite prioritizing growth investments which may temper free cash flow conversion in the near term, Twin Disc maintained its long-term strategic targets for revenue and margins.
Tickers: $TWIN
Topics: Backlog Increase Defense Demand Net Income Revenue Growth Segment Performance