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Article: Twin Disc, Inc., Announces Fiscal 2010 First-Quarter Financial Results.(Financial report)

Article from:
Business & Finance Week
Article date:
November 7, 2009
Copyright

Twin Disc, Inc. (NASDAQ: TWIN), reported financial results for the fiscal 2010 first quarter ended September 25, 2009.

Sales for the fiscal 2010 first quarter were $47,057,000, compared to $72,671,000 for the same period last year, which was the second best first quarter in the Company's history. The decline in sales for the fiscal 2010 first quarter was due to the continued impact the global recession is having on the Company's markets, the seasonally weak first quarter and shutdowns at the Company's Italian, Belgian and Racine manufacturing facilities. Shipments to the mega yacht, industrial, and oil and gas markets remained weak during the fiscal 2010 first ...

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