---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011507"
form_type: "8-K"
ticker: "TWIN"
cik: "0000100378"
company_name: "TWIN DISC INC"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T05:59:34.622371+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-011507
- form_type: 8-K
- ticker: TWIN
- cik: 0000100378
- company_name: TWIN DISC INC
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100378/000143774923011507/0001437749-23-011507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100378/000143774923011507/twin20230427c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011507
- JSON: https://secwatch.observer/filing/0001437749-23-011507.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011507.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/100378/000143774923011507/0001437749-23-011507-index.htm

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