Twin Disc Q4 Sales Jump 18% to $114M, Crushing Estimates
TWIN has more than doubled off its 52-week low of $8.5.
Summary
Twin Disc reported fiscal Q4 sales of $114.4M, up 18% year-over-year and well above the $100.35M consensus. Adjusted EPS came in at $0.64 with net income of $9.36M. Gross margin declined to 26.3% due to product mix and a prior-year favorable adjustment, but management highlighted a strong project pipeline and backlog, expecting margin improvement and strong free cash flow. This follows the $90M credit facility secured in July and the recent equity incentive plan increase, signaling continued investment in growth. The stock trades near its 52-week high at $24.99, with a median price target of $30.00.
At the time of this announcement, TWIN was trading at $24.99 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $341.5M. The 52-week trading range was $8.50 to $25.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.