Twin Disc Inc ( (TWIN) ) has released its Q1 earnings. Here is a breakdown of the information Twin Disc Inc presented to its investors.
Twin Disc, Inc. is a company that designs, manufactures, and sells marine and heavy-duty off-highway power transmission equipment, catering to industries such as pleasure craft, commercial and military marine markets, and energy and natural resources. The company operates globally through a network of direct sales and distributors.
In its latest earnings report, Twin Disc, Inc. reported a 14.7% increase in sales for the first quarter of fiscal 2025, reaching $72.9 million. Despite this growth, the company recorded a net loss of $2.8 million, influenced by currency losses and increased expenses.
The main drivers behind the sales increase were the acquisition of Katsa Oy and the robust performance of Marine and Propulsion Systems and Industrial product segments. The company also saw a significant sales boost in the European and Latin American regions. However, challenges remain, as evidenced by a 7% decline in Land-Based Transmissions and a rise in marketing, engineering, and administrative expenses by 15.1%.
Looking ahead, Twin Disc maintains a cautiously optimistic outlook for fiscal 2025, with plans to capitalize on market demand and integrate the Katsa acquisition further. This is expected to bolster its performance across key segments, aiding in long-term financial stability.
