Twin Disc's fiscal first-quarter sales rose 10.9% year over year to $88.7 million, while net income improved to $3.4 million from a loss a year earlier and EBITDA increased 62.6% to $7.7 million. The company expects strong growth in fiscal 2027, citing healthy demand and a record backlog.
Twin Disc said fiscal first-quarter sales rose 10.9% year over year to $88.7 million, driven by defense and industrial demand. Net income improved to $3.4 million from a loss a year earlier, and EBITDA increased 62.6% to $7.7 million. Sales were below the $89.6 million consensus estimate.
The company cited defense orders, strength in its Veth product line and improved oil and gas demand as sales drivers. Significant defense orders from Katsa and a new U.S. Navy unmanned vessel program contributed to backlog growth. Twin Disc expects strong growth in fiscal 2027, citing healthy demand and a record backlog, and plans continued investment in European expansion and manufacturing capabilities.
CFO Jeffrey S. Knutson said disciplined inventory management helped generate positive free cash flow and reduce net debt.
