---
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"
generated_at: "2026-06-22T06:27:10.332014+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Twin Disc reports Q1 fiscal 2023 sales up 17.1% to $55.9M, net loss of $2.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025918
- JSON: https://secwatch.observer/filing/0001437749-22-025918.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025918.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2023 first quarter ended September 30, 2022
  - Revenue: $55.9 million
  - Net income: ($2.0) million
  - EPS: ($0.15) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/100378/000143774922025918/0001437749-22-025918-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.