---
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"
generated_at: "2026-06-11T08:11:39.786393+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Twin Disc Q4 sales up 10.5% to $83.9M; net income $8.6M; full-year sales $277M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023905
- JSON: https://secwatch.observer/filing/0001437749-23-023905.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023905.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth quarter of fiscal 2023 ended June 30, 2023
  - Revenue: $83.9 million
  - Net income: $8.6 million
  - EPS: $0.62 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/0001437749-23-023905-index.htm
- Earnings Releases
  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.
  - Period: full fiscal year 2023 ended June 30, 2023
  - Revenue: $277.0 million
  - Net income: $10.4 million
  - EPS: $0.75 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/0001437749-23-023905-index.htm

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