secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001437749-23-023905
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/0001437749-23-023905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774923023905/twin20230815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023905

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