Twin Disc Q1 revenue up 13.7% to $63.6M, reinstates quarterly dividend

TWIN DISC INC

2024-Q1 EPS reported -$0.09 revenue$63,554,000

Sales up 13.7% YoY to $63.6M; Marine & Propulsion +24.3%, Land-Based +16.6%.
Gross margin 26.2% (+240bps) despite $3.1M one-time noncash charge.
Net loss narrowed to ($1.2M), or ($0.09)/diluted share, vs ($1.4M) loss last year.
Operating cash flow $9.8M vs ($0.7M); free cash flow $6.1M vs ($2.9M).
Board reinstated quarterly dividend of $0.04/share, payable Dec 1, record Nov 17.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TWIN DISC INC reported first quarter 2024 results: revenue $63.6 million, net income ($1.2) million, EPS ($0.09) per diluted share.

Period: first quarter 2024
Revenue: $63.6 million
Net income: ($1.2) million
EPS: ($0.09) per diluted share
Result: reported results

Exact text from the filing

TWIN) , today reported results for the fiscal 2024 first quarter ended September 29, 2023. Fiscal First Quarter 2024 Highlights ● Sales increased 13.7% year-over-year to $63.6 million ● Gross margin of 26.2%, expanded 240 basis points despite one-time noncash charge of $3.1 million ● Net loss attributable to Twin Disc was ($1.2) million and EBITDA* of $2.3

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Source: SEC EDGAR

accession 0001437749-23-029901

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