Twin Disc reports record quarter

Racine-based Twin Disc Inc. reported fiscal second quarter net income of $5.9 million, or 51 cents per share, up from $4.0 million, or 35 cents per share, in the same period a year ago.
The company’s quarterly sales grew to $82.9 million from $75.2 million a year earlier.
Commenting on the results, Michael Batten, chairman and chief executive officer of Twin Disc, said: "We continue to see strong demand for our products, which is reflected in our fiscal 2012 second quarter results. While profitability in the second quarter was down from an exceptionally strong first quarter period, the second quarter represents the strongest second quarter in sales, gross margin and net income the company has ever achieved. Our results continue to be driven by outstanding demand for our 8500 series oil and gas transmission systems. We are pleased that after thorough field testing and product refinement, our orders for 7500 series transmissions have grown in our six-month backlog."

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