Twin Disc (TWIN) Tops Q3 EPS by 8c

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Go back to Twin Disc (TWIN) Tops Q3 EPS by 8c

Twin Disc, Inc. Announces Fiscal 2016 Third Quarter Financial Results

April 26, 2016 8:01 AM EDT

Results Continue to be Impacted by Challenging Global Oil and Gas and Asia Commercial Marine MarketsBalance Sheet Remains Strong with $1,601,000 in Net Cash at March 25, 2016Debt Reduced 15% Since Prior Fiscal Year EndCompany Enters into New $40 Million Revolving Credit Facility with Bank of Montreal

RACINE, Wis., April 26, 2016 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), today reported financial results for the fiscal 2016 third quarter ended March 25, 2016. 

Sales for the fiscal 2016 third quarter decreased to $41,434,000, from $60,941,000 for the same period last year.  Year-to-date,... More