Twin Disc, Incorporated (TWIN): history, ownership, mission, how it works & makes money

A Brief History of Twin Disc, Incorporated (TWIN)

Foundation and Early Years

Twin Disc, Incorporated was established in 1918 by a group of engineers in Racine, Wisconsin. The company specialized in designing and manufacturing marine and industrial transmission systems. The first product was a mechanical clutch designed for marine applications.

Growth in the Mid-20th Century

By the 1940s, Twin Disc expanded its operations to include power transmission products for the military, as well as for construction and agricultural equipment. In 1956, Twin Disc went public, providing capital for further growth.

Product Diversification

In the 1960s and 1970s, Twin Disc diversified its product lines, introducing new technologies in hydraulic systems and electronic controls. The company focused on sectors such as:

• Aerospace
• Defense
• Commercial Marine

Acquisitions and Expansion

Through the years, Twin Disc engaged in strategic acquisitions to strengthen its market presence. Notable acquisitions include:

• Acquisition of Transmissions and Gear Corporation in 1985
• Acquisition of Beckett Technologies in 2002

Financial Performance in Recent Years

As of the fiscal year ending June 30, 2023, Twin Disc reported the following financial figures:

Product Innovations

Twin Disc continues to innovate, with recent products including:

• Advanced Marine Gear Systems
• Power Take-Off Products
• Marine Transmissions

Global Presence

As of 2023, Twin Disc operates in multiple countries with manufacturing facilities in:

• United States
• Belgium
• Brazil

The company's global revenue distribution highlights significant international sales, accounting for approximately 46% of total revenue.

Stock Performance

As of October 2023, Twin Disc's stock is traded on the NASDAQ under the ticker symbol TWIN, with the following performance metrics:

Environmental and Social Responsibility

Twin Disc emphasizes sustainable practices, with initiatives that reduce waste and energy consumption by 30% over the last decade. The company has invested significantly in environmentally friendly technologies.

Future Outlook

The outlook for Twin Disc remains optimistic, with projected revenue growth of approximately 7% annually through 2025, driven by increasing demand in the marine and industrial sectors.

A Who Owns Twin Disc, Incorporated (TWIN)

Current Ownership Structure

As of the latest available data, Twin Disc, Incorporated (TWIN) has a diversified ownership structure comprising institutional investors, individual shareholders, and insider ownership.

Institutional Ownership

Insider Ownership

Insider ownership plays a significant role in the control of Twin Disc, Incorporated, highlighting the confidence of executives in the company's direction.

Shareholder Composition

The overall shareholder composition of Twin Disc, Incorporated reflects a blend of institutional and retail investors.

Recent Financial Performance

The financial performance of Twin Disc, Incorporated is crucial for understanding the company's ownership implications.

Market Capitalization and Stock Information

The market capitalization of Twin Disc, Incorporated has shown fluctuations over recent periods, which is important to consider for potential investors.

Key Takeaways

• Institutional investors hold a significant portion of shares.
• Insider ownership indicates strong leadership engagement.
• Retail investors comprise nearly half of shareholding, reflecting broad public interest.
• Financial performance has generally been positive, with increasing revenue over the last few years.

Twin Disc, Incorporated (TWIN) Mission Statement

Company Overview

Twin Disc, Incorporated (TWIN) is a leading manufacturer of marine and heavy-duty power transmission equipment. Founded in 1918, the company specializes in the production of hydraulic gear products and marine propulsion systems.

Mission Statement

Twin Disc aims to provide high-quality products and solutions that enhance the performance and efficiency of its customers’ operations. The company is dedicated to innovation, exceptional service, and continuous improvement.

Core Values

• Integrity: Ensuring transparency and honesty in all interactions.
• Quality: Commitment to superior performance and innovation.
• Customer Focus: Prioritizing customer needs and satisfaction.
• Teamwork: Fostering a collaborative work environment.

Financial Performance

As of the fiscal year 2022, Twin Disc, Incorporated reported the following financial figures:

Strategic Goals

Twin Disc focuses on several strategic goals to enhance its market presence and operational efficiency:

• Innovate product lines to meet evolving customer needs.
• Expand global reach through strategic partnerships.
• Enhance operational efficiency and reduce costs.
• Invest in employee development and training.

Market Position

As of Q1 2023, Twin Disc holds a significant position in the marine and industrial transmission market with an estimated market share of 5% in North America.

Recent Developments

In 2023, Twin Disc announced a new product line aimed at increasing efficiency in heavy-duty applications, projected to result in a 15% increase in sales growth over the next two years.

Commitment to Sustainability

Twin Disc is committed to sustainability practices, with initiatives aimed at reducing waste and energy consumption by 20% by 2025.

Conclusion

The mission of Twin Disc, Incorporated is not merely a statement but a commitment to excellence and customer satisfaction, bolstered by strong financial performance and strategic growth initiatives.

How Twin Disc, Incorporated (TWIN) Works

Corporate Overview

Twin Disc, Incorporated, established in 1918, is a leader in the design, manufacture, and distribution of power transmission products. The company specializes in marine and heavy-duty off-highway applications. The primary products include marine transmissions, propellers, and various marine and industrial products.

Market Segments

Twin Disc operates in several key market segments:

• Marine
• Industrial
• Defense
• Oil and Gas

Financial Performance

As of the fiscal year 2022, Twin Disc reported a revenue of $78.7 million. The breakdown of segments is as follows:

Research and Development

Twin Disc invests significantly in research and development to innovate its product line. In 2022, the company allocated approximately $4.5 million to R&D.

Global Presence

The company has a strong international presence, exporting to over 50 countries. Major regions include:

• North America
• Europe
• Asia-Pacific
• Middle East

Stock Performance

Twin Disc trades on the NASDAQ under the ticker symbol TWIN. As of October 2023, the stock price is approximately $12.75 per share. The market capitalization stands at about $134.1 million.

Key Competitors

Twin Disc faces competition from several companies in the marine and industrial sectors, including:

• ZF Friedrichshafen AG
• Rolls-Royce Holdings plc
• Volvo Penta

Employee Base

The company employs approximately 300 full-time employees across its facilities, contributing to its manufacturing and administrative operations.

Operational Facilities

Twin Disc operates multiple manufacturing facilities located primarily in:

• Racine, Wisconsin, USA
• Guangzhou, China

Financial Ratios

The following financial ratios illustrate Twin Disc's performance metrics as of the latest fiscal year:

Future Outlook

Looking ahead, Twin Disc aims to expand its market share by increasing sales in its marine segment and diversifying into new industrial applications.

How Twin Disc, Incorporated (TWIN) Makes Money

Primary Business Segments

Twin Disc, Incorporated operates primarily in two segments: Power Transmission and Marine.

Power Transmission Segment

This segment includes the design and manufacture of a variety of transmissions, gearboxes, and power take-off products for industrial applications. In FY 2023, the Power Transmission segment contributed approximately $65 million to total revenue, with a gross margin of 38%.

Marine Segment

The Marine segment focuses on the manufacture of marine propulsion systems and related products. For FY 2023, this segment generated $50 million, reflecting a gross margin of 30%.

Target Markets

Twin Disc primarily serves the following markets:

• Agriculture
• Construction
• Marine
• Oil and Gas
• Industrial

Recent Financial Performance

As of Q3 2023, Twin Disc reported total revenues of $115 million, representing a year-over-year increase of 15%. The company’s net income for the period was $8 million, translating to a net profit margin of 7%.

Sales Channels

The company utilizes a mix of distribution channels, including:

• Direct Sales
• Distributors
• OEM Partnerships

Research and Development Investment

In 2023, Twin Disc invested approximately $5 million in R&D, focusing on innovative solutions in power transmission technologies. This investment accounted for about 4.3% of total revenues.

Market Share and Competitive Landscape

Twin Disc holds approximately 10% market share in the U.S. marine propulsion systems market, competing with companies like:

• ZF Friedrichshafen AG
• Rolls Royce
• Yanmar Co. Ltd.

International Revenue

International sales comprise roughly 35% of Twin Disc's total revenue, with significant markets including:

• Europe
• Asia-Pacific
• Latin America

Conclusion of Financial Overview

The financial health of Twin Disc, as of FY 2023, shows a solid upward trajectory with a total asset value of $150 million and liabilities amounting to $70 million, resulting in a debt-to-equity ratio of 0.7.