| Business Summary | | Twin
Disc,
Incorporated
designs,
manufactures
and
sells
heavy-duty
off-highway
power
transmission
equipment.
Products
offered
include
hydraulic
torque
converters,
power-shift
transmissions,
marine
transmissions
and
surface
drives,
universal
joints,
gas
turbine
starting
drives,
power
take-offs
and
reduction
gears,
industrial
clutches,
fluid
couplings
and
control
systems.
These
products
have
accounted
for
more
than
90%
of
revenues
in
each
of
the
last
three
fiscal
years.
The
Company
sells
its
product
to
customers
primarily
in
the
construction
equipment,
industrial
equipment,
government,
marine,
energy
and
natural
resources
and
agricultural
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Twin
Disc
designs,
manufactures
and
sells
heavy
duty
off-highway
power
transmission
equipment
for
the
marine,
construction,
industrial,
government,
natural
resource,
energy
and
agricultural
markets.
For
the
fiscal
year
ended
6/30/01,
net
sales
rose
2%
to
$180.8
million.
Net
income
increased
64%
to
$6.2
million.
Revenues
reflect
increased
demand
for
commercial
marine
transmissions.
Earnings
also
reflect
an
increase
in
other
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
47,770;
after
tax
earnings
were
270. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Michael Batten, 60 Chairman
and CEO | $477K | Michael Joyce, 59 Pres,
COO, Director | 328K | James Parrish, 60 VP-Fin.,
Treasurer, Director | 217K | Arthur Zintek, 53 VP
of HR | -- | Henri Fabry, 54 VP
- Marine and Distribution | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|