TWIN DISC INC

Twin Disc, Incorporated

Company and core business

• Designs, manufactures, and sells marine and heavy-duty off‑highway power transmission equipment.
• Incorporated in Wisconsin in 1918.

Global manufacturing and distribution footprint

• Manufacturing locations: United States, Belgium, Canada, Finland, Italy, the Netherlands, and Switzerland.
• Distribution locations: Belgium, Singapore, China, Australia, New Zealand, and Japan.
• Acquisition: On February 14, 2025, Twin Disc acquired 100% of Kobelt Manufacturing Co. Ltd., based in Surrey, British Columbia, Canada.

Kobelt (acquired business)

• Manufacturer of controls, propulsion, steering, and braking systems for marine, oil & gas, and industrial markets.

Products and capabilities

• Core product families: marine transmissions, azimuth drives, surface drives, propellers, and boat management systems.
• Additional offerings: power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, control systems, and braking systems.
• Materials emphasis: many components machined from cast iron, forgings, cast aluminum, and bar steel sourced from multiple suppliers.

Markets served

• Primary end markets: pleasure craft, commercial, and military marine markets.
• Other markets: energy and natural resources, government, military, and industrial sectors.

Sales channels

• Sales through a direct sales force and a distributor network.
• Products represented more than 90% of consolidated revenues in the last three fiscal years.

Customers

• The top ten customers accounted for approximately 36% of consolidated net sales for the year ended June 30, 2026, and 35% for the year ended June 30, 2025.
• No individual customer accounted for 10% of consolidated net sales in fiscal 2026 or 2025.

Backlog and orders

• Unfilled open orders (six-month backlog): $178.3 million as of June 30, 2026, up from $150.5 million as of June 30, 2025.
• Backlog is subject to cancellation or rescheduling; lead times affect backlog values and do not necessarily predict shipping rates.

Employment

• Number of employees at June 30, 2026: 1,087.
• Number of employees at June 30, 2025: 980 (including Kobelt acquisition effects).

Research and development

• Research and development expenses: $2.9 million in fiscal 2026; $2.7 million in fiscal 2025.
• Total engineering and development costs: $13.4 million in fiscal 2026; $12.2 million in fiscal 2025.

Intellectual property

• The company has applied for patents in the United States and certain foreign countries.
• The business regards its patents collectively as important but not dependent on any single patent.