TWIN DISC INC

CEO Perspective

“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.

“Following the successful integration of Katsa, we are focused on executing on our strategic priorities and capitalizing on our niche capabilities to enhance the business, while remaining actively engaged in exploring additional opportunities that align with our long-term growth strategy. With healthy end-market demand, we aim to drive growth, reinforce our financial position, and advance toward becoming the leading provider of hybrid and electric solutions in our industry,” concluded Mr. Batten.