New York, May 27, 2026, 15:05 (EDT)
Twin Disc, Incorporated shares rose on Wednesday, extending a post-holiday rebound, as investors kept the small industrial company’s latest backlog and margin gains in view. The stock was recently at $17.36, up 1.8%, with a market value of about $250 million and volume near 31,400 shares.
U.S. trading was taking place inside normal Nasdaq market hours, 9:30 a.m. to 4 p.m. Eastern time, after Monday’s Memorial Day closure. Nasdaq’s 2026 calendar lists the next full U.S. equity-market holiday as Juneteenth on June 19.
That matters now because the move has carried through a shortened week. Twin Disc closed Tuesday at $17.06, up 6.7%, after finishing Friday at $15.99; at the latest quote, the shares were about 8.6% above Friday’s close.
The bid was not a clean read-through from larger machinery and power-transmission names. Allison Transmission, a bigger drivetrain supplier, was up about 0.7%, while Regal Rexnord, which makes industrial power-transmission and automation equipment, fell about 2.0%; the iShares Russell 2000 ETF, often used as a small-company gauge, was nearly flat.
Twin Disc’s investor-relations filing page showed its latest listed filings were two May 6 8-K reports and a May 6 10-Q. In other words, Wednesday’s move appeared to be trading off known earnings and positioning, not a new company filing shown there.
The company, which makes marine and heavy-duty off-highway power transmission equipment, reported fiscal third-quarter sales of $96.7 million, up 19.0% from a year earlier. Gross margin rose to 28.1% from 26.7%, and net income was $3.3 million, or 23 cents a diluted share, compared with a loss a year earlier; EBITDA, earnings before interest, taxes, depreciation and amortization, rose to $9.4 million.
The number getting the most attention remains backlog — orders expected to ship over the next six months. Twin Disc said that figure rose to $179.5 million at March 27 from $133.7 million a year earlier, helped by Veth propulsion systems and defense demand. Chief Executive John H. Batten said demand was supporting “healthy order momentum and a growing, record backlog.” SEC
The quarter was broad enough to avoid being a one-product story. Marine and propulsion sales rose 20.0%, land-based transmission shipments increased 22.2%, and industrial shipments improved 15.2%; North American sales were up 33.7%, helped by commercial marine and transmission shipments and the Kobelt acquisition.
Chief Financial Officer Jeffrey S. Knutson said management was focused on “efficient backlog conversion” and “working capital improvements.” The company ended the quarter with $16.1 million of cash, while total borrowings and long-term debt rose to about $45.0 million; net debt, debt after cash, stood at $29.0 million. Twin Disc, Inc.
But the setup is not one-way. Twin Disc said tariffs hurt its North American distribution operation and diluted margins, while first-nine-month free cash flow — cash from operations after fixed-asset spending — was negative $8.0 million as inventory and capital spending used cash. If backlog conversion slows, tariffs linger, or defense and marine orders slip, the stock’s recent gains could unwind quickly in a name trading on modest volume.
The next dated shareholder item is small but close: Twin Disc has approved a regular quarterly cash dividend of 4 cents a share, payable June 1 to holders of record as of May 18.
The broader tape offered only a muted backdrop. Reuters reported the S&P 500 and Nasdaq were little changed in choppy Wednesday trading, with one market strategist calling it “a little bit of a pause” after a large run-up. Reuters
