Covid-19 impacts and soft commercial markets lead to 18% YOY revenue decline for US equipment manufacturer
Wisconsin, US-based Twin Disc Inc. reported declines in its fourth quarter and full fiscal year results for 2020 attributed to softer market conditions, amid some positive indications that hint at future growth opportunities. The company reported gross sales of US$59.4m for the quarter ended June 30, 2020, compared to $72.4m for the fourth quarter of 2019 for an 18.0% year-over-year decline…
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