Twin Disc (TWIN) Tops Q3 EPS by 12c

Twin Disc (NASDAQ: TWIN) reported Q3 EPS of $0.26, $0.12 better than the analyst estimate of $0.14. Revenue for the quarter came in at $60.9 million versus the consensus estimate of $63.35 million.

Six-Month Backlog at March 27, 2015 was $47,828,000 Down 18% Sequentially

Commenting on the results, John H. Batten, President and Chief Executive Officer, said: “The first nine months of fiscal 2015 have produced strong top- and bottom-line results, primarily due to better year-over-year demand from North American pressure pumping customers. Also helping sales in the quarter was higher demand for marine transmissions and aftermarket activity, which were partially offset by the impact of the strengthening U.S. dollar on foreign currency translation. With sustained lower oil prices and slowing global industrial demand, we are cautiously watching our end markets for further signs of deterioration. Over the past several years, we have significantly strengthened our balance sheet. This provides us with flexibility to withstand the cyclical nature of our end markets and to invest in initiatives that improve our competitiveness, geographic and end-market diversification, and opportunities for growth.”

For earnings history and earnings-related data on Twin Disc (TWIN) click here.

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