secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001437749-24-003291
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774924003291/0001437749-24-003291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774924003291/twin20240205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003291

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