Twin Disc Inc. reported fiscal third quarter net earnings of $7.9 million, or 70 cents per share, up from $7.5 million, or 64 cents per share, for the same quarter a year ago. The Racine-based manufacturers’ sales for the quarter were $85.8 million, down slightly from $86.4 million for the same period a year ago.
Michael Batten, chairman, president and chief executive officer of Twin Disc, said, "We are pleased with the results of the third fiscal quarter. Demand for our commercial and pleasure craft marine products continued to increase. Sales and orders of our commercial marine gears into Southeast Asia and the Gulf Coast of the United States remain strong, as do marine propulsion and boat management system sales into the Italian mega yacht market. The increase in marine product sales has helped to insulate the company from the softness that we continued to experience in the third quarter in the oil and gas transmission and industrial product sectors. Demand for our land based transmissions for military applications and Airport Rescue and Fire Fighting (ARFF) vehicles remains high."
