Twin Disc Incorporated (NASDAQ:TWIN) Reports 3Q18 Swing To Profit

Twin Disc Incorporated

Twin Disc Incorporated (NASDAQ:TWIN) headquartered in Racine, Wisconsin, announced net income for the third quarter of $ 4.31 million or $ 0.37 per share, compared to loss $ 1.85 million or $ 0.16 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 0.13 per share.

Top line figures for the third quarter rose 45% to $ 65.35 million from $ 45.08 million in the same quarter last year, where as analysts anticipated $ 58.60 million.

Strengthening demand trends from customers in the North American fracking market, as well as throughout many of our other global markets, is driving significant growth in sales and profitability, commented John H. Batten, President and CEO.

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