secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001437749-22-021624
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Twin Disc Q4 sales up 14.8% to $76.0M; net income $7.8M vs prior year loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774922021624/0001437749-22-021624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774922021624/twin20220831_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-021624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer