Twin Disc (TWIN) Announces Temporary Dividend Suspension
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Twin Disc, Inc. Temporarily Suspends Dividend
February 2, 2016 8:05 AM ESTRACINE, Wis., Feb. 02, 2016 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), announced today that the Board of Directors has temporarily suspended the Companys quarterly cash dividend. The suspension of the dividend is part of the Companys cost saving and capital allocation initiatives, as a result of the... More
Twin Disc, Inc. Announces Fiscal 2016 Second Quarter Financial Results
February 2, 2016 8:01 AM ESTSecond Quarter Results Impacted by Challenging Global Oil and Gas MarketsCost Saving and Capital Allocation Initiatives ContinueBalance Sheet Remains Strong with $3,272,000 in Net Cash at December 25, 2015
RACINE, Wis., Feb. 02, 2016 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today reported financial results for the fiscal 2016 second quarter and first half ended December 25, 2015.Â
Sales for the second quarter of fiscal 2016 were $44,829,000, compared to $72,691,000 for the same period last year. Year-to-date sales were $82,201,000, compared to $137,515,000 for the fiscal 2015... More
