Twin Disc Inc Up 4.03% To $13.17 After Earnings

Wednesday, August 16, 2023 - Twin Disc Inc (TWIN) reported upside earnings and revenues today.

Twin Disc Inc earnings per share (EPS) came in at of $0.62. Twin Disc Inc's earnings rose 7% year-over-year as the firm reported an EPS of $0.58 in its year-ago quarter. The positive annual growth shows the Industrials company is performing well amid recent economic conditions.

Revenues were upbeat at $83.9 million. That revenue figure is an increase of 10.46% from the year ago quarter.

The stock is up 4.03% to $13.17 after the report.

Twin Disc Inc's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Twin Disc Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 86, putting Twin Disc Inc in the top 25% of stocks. The firm set a 52-week low on April 20, 2023 at $8.6 and set a 52-week high on September 12, 2022 at $14.46.

Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its products portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.