Twin Disc Announces First Quarter Results
Key Highlights
- ➤Sales $88.7 million, up 10.9% year-over-year
- ➤Net income $3.4 million versus prior-year loss of $0.5 million
- ➤EBITDA $7.7 million, increasing 62.6% year-over-year
- ➤Six-month backlog $190.6 million, up from $178.3 million
- ➤Net debt decreased $16.4 million to $13.1 million
Expert Statements
John Batten, CEO of Twin Disc
“Our fiscal 2027 first quarter results built on the strong momentum we established in fiscal 2026. Demand remains healthy across our end markets, supporting record six-month backlog of $191 million in the quarter, a 7% increase from fiscal year end. Defense continues to be a powerful growth driver, with accelerating order activity from both U.S. and European customers. Specifically, our Finnish subsidiary Katsa booked significant defense orders during the quarter, and we have also begun to see orders tied to the U.S. Navy’s initial unmanned vessel program reach our order book”
John Batten, CEO of Twin Disc
“We continue to prioritize investing in our growth, including the expansion of our European footprint, the continued build-out of our manufacturing capabilities in Racine, and evaluating M&A opportunities. All the while, we’ve maintained the financial discipline to strengthen our balance sheet, enhance free cash flow, and reduce net debt. As we move through fiscal 2027, we’re well positioned to drive strong growth and execute against our long-term strategic goals”
Jeffrey S. Knutson, Vice President of Finance, Chief Financial Officer, Treasurer and Secretary of Twin Disc
“During the quarter we saw healthy revenue growth and margins resulting in strong earnings per share of $0.24 and a 62.6% increase in EBITDA over the first quarter last year. We also generated positive free cash flow* of $5.6 million and significantly reduced net debt, due in large part to disciplined inventory management, and despite increased capital expenditures in the quarter as we continue to invest in our future growth.”
MILWAUKEE, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN) today reported results for the first quarter ended September 25, 2026.
Fiscal First Quarter 2027 Highlights * Sales increased 10.9% year-over-year to $88.7 million * Gross margin of 28.7% consistent with FY 1Q26 * Net income attributable to Twin Disc of $3.4 million and EBITDA* of $7.7 million * Robust six-month backlog of $190.6 million supported by healthy ongoing demand * Accelerating order activity and momentum from defense customers in the U.S. and Europe CEO Perspective
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