Twin Disc reports Q2 EPS 7c vs 7c last year

Reports Q2 revenue $89.932M vs $72.994M last year. “This quarter’s performance reflected another period of double-digit top-line growth, partly driven by the acquisition of Katsa Oy. The marine market remained stable, while Veth products continued to expand to record levels in response to strong demand and new orders within the North American market. Challenges in the Asian oil and gas markets persist, though we are beginning to see signs of stabilization. Meanwhile, the industrials segment has already started to recover, with improving order rates through the quarter,” commented John H. Batten, President and Chief Executive Officer of Twin Disc (TWIN).