secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001437749-23-029901
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774923029901/0001437749-23-029901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774923029901/twin20231101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029901

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