The following is a summary of the Twin Disc, Incorporated (TWIN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Twin Disc reported Q3 2024 sales of $74.2 million, up 0.5% from the corresponding period last year.

• Net income reached $3.8 million, or $0.27 per share, reflecting an increase from $3.3 million or $0.24 per share in Q3 2023.

• Gross Profit margin increased by 8.7%, reaching 28.2% from 26.1% last year.

• Debt was significantly reduced to negative $6.8 million, and a cash balance of $23.8 million was attained at the end of the quarter.

Business Progress:

• Twin Disc is set to acquire Katsa Oy to expand its global footprint and facilitate cross-selling across different markets.

• The company saw mixed sales performances across sectors - marine and propulsion systems saw a 3% increase, while sales for both land-based transmissions and industrial sales declined by 3% and 15% respectively.

• A rising demand, particularly for workboat marine transmissions, was seen in the Asia-Pacific region, auguring well for the company on a global scale.

• Twin Disc also plans to invest and explore growth opportunities across sectors like marine technology, industrial, hybrid, and electric sectors while bolstering its R&D efforts to expand into different geographic markets.

More details: Twin Disc IR

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