Rising ME&A Costs Hurt Twin Disc's Q1 Earnings Despite Revenue Growth
Twin Disc(TWIN) ZACKS·2024-11-08 03:10
Twin Disc, Inc. (TWIN) incurred a net loss per share of 20 cents for the first quarter of fiscal 2025, wider than the loss of 9 cents per share recorded in the prior-year quarter.Revenues rose 14.7% year over year to $72.9 million, up from $63.6 million in the first quarter of fiscal 2024. The increase in sales was primarily driven by the acquisition of Katsa Oy and strong performance in the company’s Marine and Propulsion Systems and Industrial segments.Despite a broader increase in sales, the overall fina ...