---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029901"
form_type: "8-K"
ticker: "TWIN"
cik: "0000100378"
company_name: "TWIN DISC INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:01:44.605579+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-029901
- form_type: 8-K
- ticker: TWIN
- cik: 0000100378
- company_name: TWIN DISC INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100378/000143774923029901/0001437749-23-029901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100378/000143774923029901/twin20231101_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029901
- JSON: https://secwatch.observer/filing/0001437749-23-029901.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029901.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/100378/000143774923029901/0001437749-23-029901-index.htm

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