Twin Disc Q3 sales up 24.4% to $73.8M; net income $2.7M; backlog at $127.7M

TWIN DISC INC

2023-Q3 EPS reported $0.13 revenue$193,036,000

Net income $2.7M ($0.20 per diluted share) vs $2.2M ($0.17) a year ago.
Gross margin fell 370 bps to 26.1% on inflation and component shortages.
Six-month backlog $127.7M, highest since fiscal 2018; Veth backlog at record.
Operating cash flow improved to $6.9M; cash rose 12% to $14.0M.
Marine & Propulsion sales up 32.2%; Land-Based up 21.7%; Industrial down 13.7%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TWIN DISC INC reported third quarter of fiscal year 2023 results: revenue $73.8 million, net income $2.7 million, EPS $0.20 per diluted share.

Period: third quarter of fiscal year 2023
Revenue: $73.8 million
Net income: $2.7 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

today reported results for the third quarter of fiscal year 2023, which ended on March 31, 2023. Fiscal Third Quarter 2023 Highlights ● Sales increased 24.4% year-over-year to $73.8 million ● Net income attributable to Twin Disc was $2.7 million and EBITDA* of $6.4 million ● Improved operating cash flow of $6.9 million ● Six-month backlog of $127.7 million at the

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Source: SEC EDGAR

accession 0001437749-23-011507

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