Q1 2025 Twin Disc Inc Earnings Call Transcript
Key Points
- Twin Disc Inc (TWIN) reported double-digit revenue growth in the first quarter, driven by strong demand in the marine and propulsion business.
- The acquisition of CASA has broadened Twin Disc Inc (TWIN)'s global reach and opened new cross-selling opportunities with European OEMs.
- Sales in the marine and propulsion segment grew by 22.9% year over year, supported by sustained activity in commercial markets and the luxury yacht market.
- The company is gaining traction with its elite clusters in new geographic markets, with strong demand from its largest North American distributor.
- Twin Disc Inc (TWIN) is capturing demand for hybrid and electric marine systems, winning significant orders that enhance its content offering.
- Twin Disc Inc (TWIN) experienced a 7% decline in sales in its land-based transmission business due to softness in the Asian Pacific region.
- The company reported a net loss of $2.8 million for the first quarter, impacted by foreign currency loss and additional interest expenses.
- EBITDA decreased by 23% compared to the first quarter of fiscal '24, reflecting challenges in profitability.
- The oil and gas business contributed only 10% of revenue for the quarter, down from 15% in the previous year's Q1.
- Twin Disc Inc (TWIN) faced near-term shipment delays and supply chain challenges, impacting its operational efficiency.
Thank you for standing by. My name is Andrea and I will be your conference operator today. At this time, I would like to welcome everyone to the Twin Disc Incorporated fiscal first quarter, 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again, I would now like to turn the call over to Jeffrey Knutson Twin. This CFO thank you. Please go ahead.
Good morning and thank you for joining us today to discuss our fiscal 2025 1st quarter results on the call with me today is John that for the CEO. I would like to remind everyone that certain statements made during this conference call, especially statements, expressing hopes to expectations or predictions for the future are forward-looking
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
