Twin Disc Q3 results shored up by ‘stable marine demand’

> Subscriber-only, By Tony Esposito2020-05-01T16:13:00

The US-based manufacturer of marine power transmission equipment reported an 11% drop in sales for its third quarter ending 27 March, to $69 million

At 102-years old, Twin Disc has survived a global pandemic, stock market crashes and myriad global financial crisis, and is now applying a century of learning as it positions to survive the fallout from both the spread COVID-19 and a reeling oil and gas production industry. A bright side for the Racine, Wisconsin-based marine and heavy-duty off-highway power transmission equipment manufacturer is a sequential increase in fiscal third-quarter sales, driven largely by its marine markets.

Marine and Propulsion system sales represented 50% of Twin Disc total revenues in …

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