2020 Q4, full-year sales down for Twin Disc

Twin Disc’s new 39,000sq ft North American Aftermarket Distribution Centre opened on May 14 and is expected to be fully operational by June

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…

To continue reading IBI’s full report, including CEO John Batten’s comments with analysts, see our subscription options below for accessing IBI Premium Content

This is premium content

You must be a subscriber and signed-in to access this content.

IBI Magazine_Website_promo_July


Upgrade your access to ibinews.com

Want to read some premium content, but don’t need unlimited IBI Plus access?

Then go for the IBI Upgrade package which, for the cost of a couple of coffees a week:

  • 20 Premium IBI Plus stories per month
  • IBI Daily News email
  • All non-premium content on offer
  • £20/month or £200/year
  • Payable by credit card

OR subscribe to IBI Plus for even more benefits

  • Breaking industry news as it happens
  • Unlimited access to all IBI Plus Premium content, including:
  • Industry statistics
  • Market reports
  • Company insights
  • In-depth segment reports
  • Our archive of more than 30,000 news items and features
  • Plus manage your password, contact details and save articles under ’My Account’
  • Starting at £375/year with volume discounts for 5 or more users

Get access to IBI Plus Premium content Subscribe Today

Alternatively REGISTER to receive IBI Daily News & Breaking News alerts for free.

Already a subscriber? Sign-in now at the top of this page.