secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001437749-23-002412
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 Q2 swings to profit; sales up 5.8% to $63.4M; backlog grows to $124M
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- Q2 net income of $1.1M ($0.08 diluted EPS) vs net loss of $3.8M ($0.29 loss) a year ago.
- Sales $63.4M (+5.8% YoY); gross margin improved to 26.9% from 22.5%.
- Backlog $124.0M, up 22.5% from June 30, 2022 and 25.4% from Dec 31, 2021.
- EBITDA $6.3M vs negative $0.2M in prior-year quarter; gain of $4.2M on sale of Belgium property.
- Net debt improved 23.4% from June 30, 2022; supply chain challenges continue to limit sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774923002412/0001437749-23-002412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774923002412/twin20230131_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002412

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