secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001437749-23-011507
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774923011507/0001437749-23-011507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774923011507/twin20230427c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011507

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