Twin Disc: Fiscal 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

RACINE, Wis. (AP) _ Twin Disc Inc. (TWIN) on Friday reported a loss of $1.8 million in its fiscal fourth quarter.

On a per-share basis, the Racine, Wisconsin-based company said it had a loss of 13 cents. Losses, adjusted for restructuring costs, were 12 cents per share.

The power transmission equipment maker posted revenue of $59.4 million in the period.

For the year, the company reported a loss of $39.8 million, or $3.03 per share, swinging to a loss in the period. Revenue was reported as $246.8 million.

Twin Disc shares have decreased 47% since the beginning of the year. The stock has decreased 48% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWIN at https://www.zacks.com/ap/TWIN