<p>Twin Disc Inc. 最近的财报电话会议描绘了一个总体积极的局面，公司展示了强劲的销售增长和稳健的订单积压。尽管承认了一些挑战，如关税影响和报告的净亏损，但在国防部门和整体盈利能力方面观察到了显著改善。尽管面临这些困难，电话会议的亮点显著超过了低点，表明公司未来的乐观情绪。</p>
<h2>2026 财年的强劲开局</h2>
<p>Twin Disc Inc. 的销售同比增长 9.7%，达到 8000 万美元，海洋和推进业务以及 Katsa 和 Kobelt 的整合贡献显著。公司还报告了毛利率增加 220 个基点，达到 28.7%，得益于运营改善和有利的产品组合。</p>
<h2>国防部门增长</h2>
<p>国防部门显示出显著增长，订单环比增加 400 万美元，同比增加 45%。该部门现在占总订单积压的 15%，突显了国防相关项目的强劲势头。</p>
<h2>EBITDA 和盈利能力改善</h2>
<p>Twin Disc Inc. 的 EBITDA 显著增加，同比上升 172%，达到 470 万美元。这一改善反映了更高的营业收入和减少的货币损失，促进了盈利能力的提升。</p>
<h2>创纪录的订单积压</h2>
<p>公司报告了创纪录的六个月订单积压，达到 1.633 亿美元，同比增长 13%。这一强劲的订单积压表明各个终端市场的持续需求，为未来的增长提供了坚实基础。</p>
<h2>海洋和推进业务的成功</h2>
<p>海洋和推进部门的销售同比增长 14.6%，达到 4820 万美元。这一增长得益于工作船活动的增加和政府项目，突显了该部门的成功。</p>
<h2>关税增加影响成本</h2>
<p>预计关税将对第二季度的销售成本产生 1% 到 3% 的影响，高于大约 1%。然而，这一增加预计是暂时的，预计在财年下半年的正常水平将恢复。</p>
<h2>报告净亏损</h2>
<p>尽管报告了 518,000 美元或每股稀释后 0.04 美元的净亏损，但这比去年 280 万美元的亏损有所改善，表明公司财务健康状况的进展。</p>
<h2>石油和天然气部门的挑战</h2>
<p>石油和天然气部门面临挑战，出货量几乎持平。中国的下降和谨慎的北美客户专注于重建和翻新导致了该部门的困难。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Twin Disc Inc. 提供了关于其未来表现的详细指导。公司旨在保持盈利能力和长期价值创造，战略重点放在全球足迹优化和运营卓越上。虽然预计关税将暂时影响成本，但公司预计在财年下半段将恢复到正常水平。凭借强劲的订单积压和国防部门的强劲增长，Twin Disc 为持续成功做好了充分准备。</p>
<p>总之，Twin Disc Inc. 的财报电话会议反映了积极的情绪，销售增长显著，订单积压强劲，盈利能力显著改善。尽管面临关税影响和报告的净亏损等挑战，但公司在关键部门的战略重点和强劲表现表明未来前景乐观。</p>

TWIN

<p>Twin Disc Inc. 最近的财报电话会议强调了强劲的销售增长，同比增加了 9.7%，达到了 8000 万美元，海洋和推进业务贡献显著。国防部门的订单增长了 45%，EBITDA 增长了 172%，达到 470 万美元。尽管净亏损为 51.8 万美元，但毛利率的改善和创纪录的 163.3 百万美元的订单积压显示出积极的势头。虽然面临关税和石油天然气部门的挑战，但公司对未来的增长和盈利能力仍持乐观态度</p>

<p>The recent earnings call of Twin Disc Inc. painted a generally positive picture, with the company showcasing strong sales growth and a robust backlog. Notable improvements were observed in the defense segment and overall profitability, although some challenges, such as tariff impacts and a reported net loss, were acknowledged. Despite these hurdles, the highlights of the call significantly outweighed the lowlights, indicating an optimistic sentiment for the company’s future.</p>
<div class="lb-trans"><p>Twin Disc Inc. 最近的财报电话会议描绘了一个总体积极的局面，公司展示了强劲的销售增长和稳健的订单积压。尽管承认了一些挑战，如关税影响和报告的净亏损，但在国防部门和整体盈利能力方面观察到了显著改善。尽管面临这些困难，电话会议的亮点显著超过了低点，表明公司未来的乐观情绪。</p>
</div><h2>Strong Start to Fiscal 2026</h2>
<div class="lb-trans"><h2>2026 财年的强劲开局</h2>
</div><p>Sales for Twin Disc Inc. grew by 9.7% year-over-year, reaching $80 million, with significant contributions from the marine and propulsion business, as well as the integration of Katsa and Kobelt. The company also reported an increase in gross margins by 220 basis points to 28.7%, supported by operational improvements and a favorable product mix.</p>
<div class="lb-trans"><p>Twin Disc Inc. 的销售同比增长 9.7%，达到 8000 万美元，海洋和推进业务以及 Katsa 和 Kobelt 的整合贡献显著。公司还报告了毛利率增加 220 个基点，达到 28.7%，得益于运营改善和有利的产品组合。</p>
</div><h2>Defense Segment Growth</h2>
<div class="lb-trans"><h2>国防部门增长</h2>
</div><p>The defense segment showed remarkable growth, with orders increasing by $4 million sequentially and up 45% year-over-year. This segment now comprises 15% of the total backlog, highlighting strong momentum in defense-related projects.</p>
<div class="lb-trans"><p>国防部门显示出显著增长，订单环比增加 400 万美元，同比增加 45%。该部门现在占总订单积压的 15%，突显了国防相关项目的强劲势头。</p>
</div><h2>Improved EBITDA and Profitability</h2>
<div class="lb-trans"><h2>EBITDA 和盈利能力改善</h2>
</div><p>Twin Disc Inc. saw a significant increase in EBITDA, which rose by 172% to $4.7 million compared to the previous year. This improvement reflects higher operating income and reduced currency losses, contributing to enhanced profitability.</p>
<div class="lb-trans"><p>Twin Disc Inc. 的 EBITDA 显著增加，同比上升 172%，达到 470 万美元。这一改善反映了更高的营业收入和减少的货币损失，促进了盈利能力的提升。</p>
</div><h2>Record Backlog</h2>
<div class="lb-trans"><h2>创纪录的订单积压</h2>
</div><p>The company reported a record six-month backlog of $163.3 million, up 13% year-over-year. This robust backlog indicates sustained demand across various end markets, providing a solid foundation for future growth.</p>
<div class="lb-trans"><p>公司报告了创纪录的六个月订单积压，达到 1.633 亿美元，同比增长 13%。这一强劲的订单积压表明各个终端市场的持续需求，为未来的增长提供了坚实基础。</p>
</div><h2>Marine and Propulsion Success</h2>
<div class="lb-trans"><h2>海洋和推进业务的成功</h2>
</div><p>Sales in the marine and propulsion segment increased by 14.6% year-over-year, reaching $48.2 million. This growth was driven by increased work boat activity and government programs, underscoring the segment’s success.</p>
<div class="lb-trans"><p>海洋和推进部门的销售同比增长 14.6%，达到 4820 万美元。这一增长得益于工作船活动的增加和政府项目，突显了该部门的成功。</p>
</div><h2>Tariff Increases Impact Costs</h2>
<div class="lb-trans"><h2>关税增加影响成本</h2>
</div><p>Tariffs are expected to impact the second quarter cost of sales by 1% to 3%, up from roughly 1%. However, this increase is anticipated to be temporary, with expectations of a return to normal levels in the second half of the fiscal year.</p>
<div class="lb-trans"><p>预计关税将对第二季度的销售成本产生 1% 到 3% 的影响，高于大约 1%。然而，这一增加预计是暂时的，预计在财年下半年的正常水平将恢复。</p>
</div><h2>Net Loss Reported</h2>
<div class="lb-trans"><h2>报告净亏损</h2>
</div><p>Despite reporting a net loss of $518,000 or $0.04 per diluted share, this was an improvement from the prior year’s loss of $2.8 million, indicating progress in the company’s financial health.</p>
<div class="lb-trans"><p>尽管报告了 518,000 美元或每股稀释后 0.04 美元的净亏损，但这比去年 280 万美元的亏损有所改善，表明公司财务健康状况的进展。</p>
</div><h2>Challenges in Oil and Gas Segment</h2>
<div class="lb-trans"><h2>石油和天然气部门的挑战</h2>
</div><p>The oil and gas segment faced challenges, with shipments remaining nearly flat. Declines in China and cautious North American customers focusing on rebuilds and refurbishments contributed to the segment’s struggles.</p>
<div class="lb-trans"><p>石油和天然气部门面临挑战，出货量几乎持平。中国的下降和谨慎的北美客户专注于重建和翻新导致了该部门的困难。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Twin Disc Inc. provided detailed guidance on its future performance. The company aims to sustain profitability and long-term value creation with a strategic focus on global footprint optimization and operational excellence. While tariffs are expected to temporarily impact costs, the company anticipates a return to normal levels in the latter half of the fiscal year. With a robust backlog and strong defense sector growth, Twin Disc is well-positioned for continued success.</p>
<div class="lb-trans"><p>展望未来，Twin Disc Inc. 提供了关于其未来表现的详细指导。公司旨在保持盈利能力和长期价值创造，战略重点放在全球足迹优化和运营卓越上。虽然预计关税将暂时影响成本，但公司预计在财年下半段将恢复到正常水平。凭借强劲的订单积压和国防部门的强劲增长，Twin Disc 为持续成功做好了充分准备。</p>
</div><p>In summary, Twin Disc Inc.’s earnings call reflected a positive sentiment, with significant sales growth, a strong backlog, and notable improvements in profitability. Despite challenges such as tariff impacts and a reported net loss, the company’s strategic focus and robust performance in key segments suggest a promising outlook for the future.</p>
<div class="lb-trans"><p>总之，Twin Disc Inc. 的财报电话会议反映了积极的情绪，销售增长显著，订单积压强劲，盈利能力显著改善。尽管面临关税影响和报告的净亏损等挑战，但公司在关键部门的战略重点和强劲表现表明未来前景乐观。</p>
</div>

Twin Disc Inc. 的财报电话会议突显出强劲的增长