Twin Disc (TWIN) Misses Q4 EPS by 8c, Sales Beat

Twin Disc (NASDAQ: TWIN) reported Q4 EPS of $0.04, $0.08 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $67.33 million versus the consensus estimate of $59.93 million.

Commenting on the results, John H. Batten, President and Chief Executive Officer, said: “Trends in our markets were strong for most of the year, but during the second half we began facing an increasing number of headwinds such as volatile foreign exchange rates, challenging end markets, and the impact of global oil prices. For the year, we were able to achieve earnings growth of over 200% on less than a 1% improvement in annual sales as a more profitable mix of sales favorably impacted margins and we were able to leverage marketing, engineering and administrative (ME&A) expenses. We quickly responded and made the necessary adjustments to our business as a result of sustained lower oil prices and slower economic growth in several of our regions. As a result, we proactively restructured our North American operations to lower costs and to improve efficiencies. We continue to watch our end markets closely and to look at additional ways to lower expenses and to expand revenues.”

For earnings history and earnings-related data on Twin Disc (TWIN) click here.

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