Overview
Twin Disc Q4 sales rise 14.5% yr/yr to $96.7 mln, beating estimates
Net income for Q4 at $1.4 mln, down from prior year
EBITDA for Q4 decreases to $7.0 mln due to currency losses
Outlook
Twin Disc enters new fiscal year with healthy backlog and strategic position
Result Drivers
MARINE AND PROPULSION DEMAND - Robust defense-driven demand in Marine and Propulsion Systems led to sales growth, according to CEO John H. Batten
INDUSTRIAL RECOVERY - Steady recovery and increased shipments in the Industrial segment contributed to sales growth
OIL AND GAS CHALLENGES - Reduced shipments of oil and gas transmissions into China led to an 8.4% decline in organic revenue for Q4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $96.70 mln | $93.30 mln (1 Analyst) |
Q4 EPS |
| $0.1 |
|
Q4 Net Income |
| $1.40 mln |
|
Q4 EBITDA |
| $7 mln |
|
Q4 Operating Cash Flow |
| $16.40 mln |
|
Press Release: ID:nGNX7PcSjN