earnings
confidence high
sentiment positive
materiality 0.75
Twin Disc Q4 sales up 14.8% to $76.0M; net income $7.8M vs prior year loss
TWIN DISC INC
- Q4 sales $76.0M (+14.8% YoY); gross margin expanded 410 bps to 31.8%.
- Net income $7.8M ($0.58 diluted EPS) vs net loss $21.5M ($1.62 loss) in Q4 FY2021.
- Six-month backlog $101.2M (+44% vs June 2021); demand improving in oil & gas, industrial, marine.
- Cash flow and capex: expect $12-15M capex in FY2023; plan to sell corporate HQ saving $0.7M annually.
- Launched hybrid marine power control system with Hinckley Yachts.