Twin Disc, Inc. (NASDAQ:TWIN) and its Board of Directors has declared a regular quarterly cash dividend of $0.07 per share. The dividend is payable to shareholders of record as of February 12, 2010, on March 1, 2010.
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Twin Disc reported its 2010 second quarter earnings for the quarter ended December 25, 2009. The financial report showed sales for the quarter as $55,186,000, versus fiscal 2009’s second quarter sales of $81,598,000. Year to date sales were reported as $102,243,000. The financial results in their entirety are available for review online at http://ir.twindisc.com.
Twin Disc, Incorporated (Twin Disc) designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment. The Company offers products, which includes marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems. Twin Disc sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government, and industrial markets. Most of the Company's products are machined from cast iron, forgings, cast aluminum and bar steel, which are available from multiple sources. The Company operates in two segments: manufacturing and distribution. The Company owns two manufacturing, assembly and office facilities in Racine, Wisconsin, the United States, one in Nivelles, Belgium, two in Decima, Italy, and one in Novazzano, Switzerland.
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