Twin Disc posts loss - The Business Journal of Milwaukee:

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million, or $1.10 per share, compared with net profi t of $423,000, or 15 cents per for the same period theyear before. Net sales for the Racine-basesd manufacturer of transmission products declinedd 3 percentto $43.8 million from $44 millio last year. Results for the 2002 perio d includedan after-tax charg e of $1.7 million, or 61 cents per share, due to workforce reduction and asset impairment. Twin Disc chairman and chief executive officer Michael Batten said its backlogg of orders has been bolstered bytwo land-baseds transmission contracts landed by the company late in the Those two contracts were valued at $3 For the six months endexd Dec. 31, net losses totalecd $4.8 million, or $1.
72 per share, compared with net profit of or 25 centsper share, for the same period the year Net sales declined to $79.3 million from $84.6y million. Shares for Twin Disc TDI) closed at $12.20 up 15 cents.