{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-023905","form_type":"8-K","ticker":"TWIN","cik":"0000100378","company_name":"TWIN DISC INC","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.825077+00:00","generated_at":"2026-06-11T08:11:39.786393+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Twin Disc Q4 sales up 10.5% to $83.9M; net income $8.6M; full-year sales $277M","bullets":["Q4 net income attributable to Twin Disc $8.6M ($0.62 diluted EPS); EBITDA $13.0M.","Full-year fiscal 2023 sales $277.0M (+14.0% YoY); net income $10.4M ($0.75 diluted EPS).","Q4 free cash flow improved to $14.9M from ($3.4M) a year ago; operating cash flow $16.0M.","Six-month backlog $119.2M; net debt decreased $18.7M to $5.4M; cash $13.3M.","Pension accounting changed to modified mark-to-market, retroactive; FY22 net income increased $2.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-023905","json":"https://secwatch.observer/filing/0001437749-23-023905.json","markdown":"https://secwatch.observer/filing/0001437749-23-023905.md","text":"https://secwatch.observer/filing/0001437749-23-023905.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/0001437749-23-023905-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/twin20230815_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:11:39.786393+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1e30d3bf128964c8ea081446563b1a96e0a68a61","claim":"TWIN DISC INC reported fourth quarter of fiscal 2023 ended June 30, 2023 results: revenue $83.9 million, net income $8.6 million, EPS $0.62 per diluted share.","evidence_excerpt":"Fiscal Fourth Quarter 2023 Highlights ● Sales increased 10.5% year-over-year to $83.9 million ● Net income attributable to Twin Disc was $8.6 million and EBITDA* of $13.0 million ● Significantly improved operating cash flow of $16.0 million ● Free cash flow* of $14.9 million compared to $(3.4) million in the year-ago period ● Strong six-month backlog of $119.2 million supported by healthy ongoing demand","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/0001437749-23-023905-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal 2023 ended June 30, 2023"},{"label":"Revenue","value":"$83.9 million"},{"label":"Net income","value":"$8.6 million"},{"label":"EPS","value":"$0.62 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"809911e7b1791571d9f9e015d64d2823d79ad09e","claim":"TWIN DISC INC reported full fiscal year 2023 ended June 30, 2023 results: revenue $277.0 million, net income $10.4 million, EPS $0.75 per diluted share.","evidence_excerpt":"Mr. Batten. Fourth Quarter & Full-Year Results Sales for the fiscal 2023 fourth quarter increased 10.5% year-over-year to $83.9 million and fiscal 2023 sales increased 14.0% to $277.0 million. Fourth quarter and full year sales growth were similarly driven by demand for the Company’s Marine and Propulsion Systems and Land-Based Transmissions markets, and favorable","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/0001437749-23-023905-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full fiscal year 2023 ended June 30, 2023"},{"label":"Revenue","value":"$277.0 million"},{"label":"Net income","value":"$10.4 million"},{"label":"EPS","value":"$0.75 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}