Twin Disc (TWIN) Misses Q4 EPS by 8c, Sales Beat

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Go back to Twin Disc (TWIN) Misses Q4 EPS by 8c, Sales Beat

Twin Disc, Inc. Announces Fiscal 2015 Fourth Quarter Financial Results

August 4, 2015 8:01 AM EDT

Net Earnings for Fiscal 2015 Increased 207% to $11,173,000 on Relatively Flat Sales

Management Cautious for Fiscal 2016 as Slowdown in Pressure Pumping Sector Continues

$3,282,000 Restructuring Charge in the Fourth Quarter at Domestic Operations

Balance Sheet Remains Strong with $9,134,000 in Net Cash at June 30, 2015

RACINE, Wis.--(BUSINESS WIRE)-- Twin Disc, Inc. (NASDAQ: TWIN), today reported financial results for the fiscal 2015 fourth quarter ended June 30, 2015.

Sales for the fiscal 2015 fourth quarter were $67,334,000, compared to $73,566,000 for the same period last year. For fiscal 2015, sales were $265,790,000,... More