TWIN DISC Business Summary

Twin Disc, Inc. (TWIN) is a global manufacturer and distributor of heavy-duty power transmission equipment, primarily serving the marine, defense, and off-highway industrial markets. The company generates revenue through the direct sale and aftermarket servicing of high-performance propulsion and transmission systems, operating through two reportable segments: Manufacturing and Distribution. Its diverse product portfolio includes marine transmissions, surface drives, propellers, and boat management systems, alongside industrial clutches, power-shift transmissions, and hydraulic torque converters. As of early 2026, the company has leveraged strategic acquisitions like Kobelt Manufacturing and Katsa to expand its footprint in electrification and defense, resulting in a record six-month backlog of $175.3 million. Twin Disc competes directly with global industrial giants such as ZF Friedrichshafen, Allison Transmission, Dana Incorporated, and Caterpillar Power Systems, positioning itself as a specialized, high-agility small-cap leader with a dominant niche in military and commercial marine propulsion. Originally founded in 1918 by P.H. Batten, the company remains under the leadership of the Batten family, with John H. Batten currently serving as President and Chief Executive Officer. John Batten, who joined the firm in 1996, holds a mechanical engineering degree from the University of Colorado-Boulder and an MBA from Harvard Business School's Advanced Management Program. The executive team includes Jeffrey S. Knutson, who serves as Vice President of Finance, CFO, and Treasurer, bringing extensive financial experience from his tenure at Tower Automotive and PricewaterhouseCoopers. Engineering and innovation are led by Michael B. Gee, Vice President of Engineering, while Michael C. Smiley, a former CFO of Zebra Technologies, serves as the Chairman of the Board. Notable institutional investors include GAMCO Investors (Mario Gabelli), Juniper Investment Company, and Dimensional Fund Advisors, who collectively maintain significant stakes in the company’s equity.