Benzinga | Jan 29, 2021 08:34AM EST

Twin Disc: Q2 Earnings Insights



Shares of Twin Disc (NASDAQ:TWIN) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 43.48% over the past year to ($0.33), which missed the estimate of ($0.19).

Revenue of $48,438,000 decreased by 18.64% year over year, which missed the estimate of $50,650,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jan 29, 2021

Time: 11:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=142972

Technicals

Company's 52-week high was at $10.53

52-week low: $4.66

Price action over last quarter: Up 80.92%

Company Description

Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its products portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.