Twin Disc reported fourth quarter and full year fiscal 2026 results. Full-year sales increased 11.9% to $381.3 million, with net income of $27.1 million ($1.86 per diluted share), compared to a net loss in the prior year. Fourth-quarter sales rose 18.3% to $114.4 million, generating $9.4 million in net income ($0.64 per diluted share). The company also reported EBITDA of $29.9 million for the full year and free cash flow of $9.2 million. Twin Disc operates in the marine and heavy-duty off-highway power transmission equipment industry.

Twin Disc approved the Amended and Restated 2021 Omnibus Incentive Plan, increasing authorized shares from 1,636,550 to 2,336,550. The Board set fiscal 2027 base salaries for CEO John H. Batten at $740,554 and CFO Jeffrey S. Knutson at $454,480, both a 4% increase effective October 1, 2026. Target bonuses are 100% of salary for the CEO and 60% for the CFO, based on net sales, EBITDA margins, operating cash flow, corporate growth, and individual performance. The Committee granted 18,756 restricted stock shares to Batten and 8,734 to Knutson, vesting in three years. Additionally, target performance stock awards of 28,135 shares for Batten and 13,100 for Knutson were established, tied to average return on invested capital and cumulative EBITDA over the fiscal period ending June 30, 2029. Twin Disc manufactures marine propulsion systems and industrial power transmission equipment.

Twin Disc, Incorporated entered into a $30,000,000 term loan agreement with Bank of Montreal and JPMorgan Chase Bank, N.A. on June 30, 2026, which refinances and replaces a previous credit agreement from 2025. The agreement includes a $60,000,000 revolving credit commitment, a $375,000 minimum quarterly principal installment, increasing to $750,000 per quarter by September 30, 3030. The loans are secured by substantially all of the company's and Kobelt Manufacturing Co. Ltd.'s personal property, including accounts receivable, inventory, and intellectual property. Twin Disc, Incorporated is a manufacturer of power transmission components for high-performance applications in industrial and marine environments.