Twin Disc's sales rose to $88.7 million, net income reached $3.5 million, and its backlog hit a record $191 million. Land-based transmission sales fell mainly because of a revenue reclassification, and gross margins are expected to stay near last year's levels, but stronger defense orders and cash flow make the report positive.
More defense orders give Twin Disc additional work to fill, and lower net debt leaves it with more financial room. The company said lower land-based transmission sales mainly came from moving sales into another category. It expects gross margins to stay near last year's levels, but stronger orders and cash generation make this a positive report.
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