Twin Disc Pursues Defense and Electrification Goals with Record Backlog
Twin Disc is expanding hybrid and electric propulsion opportunities for marine applications as stricter marina requirements, especially in Europe, increase demand. The company says the approach can raise content per vessel and is supported by growth from Veth. It reduced past-due backlog by about $8M–$9M, increased its dividend 25%, and targets $500M revenue by 2030 with 60% EBITDA-to-free-cash-flow conversion after capacity investments.