Twin Disc Q2 revenue rises 15.2% to $73M; net income drops to $0.9M on prior-year gain

TWIN DISC INC

2024-Q2 EPS reported -$0.02 revenue$136,547,000

Net income $0.9M ($0.07 diluted EPS) vs $1.8M ($0.13) YoY; EBITDA $5.5M down from $7.0M.
Gross margin 28.3% (+140 bps YoY); operating cash flow $16.0M; free cash flow $10.6M.
Marine & Propulsion sales up 28.7% to $46.9M; Land-Based Transmissions +8.1%; Industrial -13.1%.
Six-month backlog $125.2M; cash $21.0M (+55.4% YoY); total debt $17.7M (-44.6%).
Management highlights strong demand and cash generation; net debt improved to ($3.3M).

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 fiscal 2024 second quarter ended December 29, 2023 results: revenue $73.0 million, net income $0.9 million, EPS $0.07 per diluted share.

Period: fiscal 2024 second quarter ended December 29, 2023
Revenue: $73.0 million
Net income: $0.9 million
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

TWIN) , today reported results for the fiscal 2024 second quarter ended December 29, 2023. Fiscal Second Quarter 2024 Highlights ● Sales increased 15.2% year-over-year to $73.0 million ● Gross margin of 28.3%, expanded 140 basis points on a year-over-year basis ● Net income attributable to Twin Disc was $0.9 million and EBITDA* of $5.5 million ● Significantly

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Source: SEC EDGAR

accession 0001437749-24-003291

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