David Macgregor

Tze-Kiang Wong

Simon Wong

- Twin Disc Inc. is a global power transmission provider with fiscal 2025 revenue just over **$340 million** and gross margins of **27.2%**.  **[100378_tx_375165_1]** 
- The company has strategically diversified its portfolio, with Europe now its largest market and a heavy weighting in marine markets.  **[100378_tx_375165_1]**  Recent acquisitions, including Veth, Katsa, and Kobelt, have been key to this diversification and growth, particularly in the heating defense markets, where backlog is up to **15%** (a **45%** year-over-year growth).  **[100378_tx_375165_1]** **[100378_tx_375165_2]** **[100378_tx_375165_3]** **[100378_tx_375165_5]** 
- Twin Disc aims to reach **$500 million** in revenue and **30%** gross margins, with further acquisitions being a key part of this strategy.  **[100378_tx_375165_4]** **[100378_tx_375165_6]**  The company maintains a strong balance sheet, with debt below **two times debt to EBITDA**, supporting continued M&A activity.  **[100378_tx_375165_5]**

TWIN DISC (TWIN)