{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-025918","form_type":"8-K","ticker":"TWIN","cik":"0000100378","company_name":"TWIN DISC INC","filed_at":"2022-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.160438+00:00","generated_at":"2026-06-22T06:27:10.332014+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Twin Disc reports Q1 fiscal 2023 sales up 17.1% to $55.9M, net loss of $2.0M","bullets":["Net loss attributable to Twin Disc of $2.0M ($0.15 per share) vs net income of $1.9M ($0.14 diluted) a year ago.","First-quarter sales $55.9M, up 17.1% YoY; constant-currency sales increased 27.2%.","Gross profit margin 23.8% vs 28.2% (prior year adjusted 22.9% excluding subsidies and warranty adjustment).","Six-month backlog $108.9M at Sept. 30, 2022, up 7.6% from June 30, 2022 and up 26.5% YoY.","Management expects sales and profitability to accelerate through fiscal 2023, with actions to improve European cost structure."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-025918","json":"https://secwatch.observer/filing/0001437749-22-025918.json","markdown":"https://secwatch.observer/filing/0001437749-22-025918.md","text":"https://secwatch.observer/filing/0001437749-22-025918.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100378/000143774922025918/0001437749-22-025918-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100378/000143774922025918/twin20221101_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T06:27:10.332014+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1a6f26ca173368a9ad74237bbfbaca28ca0f2891","claim":"TWIN DISC INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $55.9 million, net income ($2.0) million, EPS ($0.15) per share.","evidence_excerpt":"2022 — Twin Disc, Inc. (NASDAQ: TWIN) , today reported financial results for the fiscal 2023 first quarter ended September 30, 2022. Sales for the fiscal 2023 first quarter were $55.9 million, compared to $47.8 million for the same period last year. The 17.1% increase in 2023 first quarter sales was primarily due to improving demand within the Company’s global oil and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774922025918/0001437749-22-025918-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 first quarter ended September 30, 2022"},{"label":"Revenue","value":"$55.9 million"},{"label":"Net income","value":"($2.0) million"},{"label":"EPS","value":"($0.15) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}