2020 Q4, full-year sales down for Twin Disc

By Craig Ritchie, Subscriber-only2020-08-25T11:35:00

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…

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