Twin Disc(US:TWIN)2025-11-05 14:00Financial Performance - First quarter sales increased by 9.7% year-over-year to $80.0 million[8] - Organic sales increased by 1.1% year-over-year[8] - EBITDA increased by 172.3% year-over-year to $4.7 million, including currency translation loss and stock-based compensation[8] - Earnings per share (EPS) improved from a loss of $0.20 to a loss of $0.04 year-over-year[35] - Gross margin increased by 220 basis points year-over-year, from 26.5% to 28.7%[50] Backlog and Defense Market - The company has a robust six-month backlog of $163.3 million, higher sequentially[8] - Defense sector experienced a 45% year-over-year increase[11] - Defense accounts for approximately 15% of the total backlog[11] - The company is well-positioned to capture robust defense market demand, supported by increased US and NATO defense spending[9] Sales by Product Group - Marine & Propulsion Systems sales increased by 14.6% year-over-year[16] - Land-Based Transmissions sales increased by 1.6% year-over-year[20] - Industrial sales increased by 13.2% year-over-year[23]