Twin Disc Q3 net income $3.8M, EPS $0.27; sales $74.2M, gross margin 28.2%

TWIN DISC INC

2024-Q3 EPS reported $0.26 revenue$210,709,000

Sales up 0.5% YoY to $74.2M; gross margin expanded 210 bps to 28.2%.
Net income $3.8M ($0.27 diluted) vs $3.3M ($0.24) a year ago; EBITDA $7.0M.
YTD operating cash flow $22.3M, free cash flow $14.7M; net debt improved to $(6.8)M.
Six-month backlog $130.5M; inventory/backlog ratio improved to 99.5% from 105.3%.
Announced agreement to acquire Katsa Oy for expanded industrial, marine and hybrid offerings.

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 0.9

TWIN DISC INC reported third quarter ended March 29, 2024 results: revenue $74.2 million, net income $3.8 million, EPS $0.27 per diluted share.

Period: third quarter ended March 29, 2024
Revenue: $74.2 million
Net income: $3.8 million
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

TWIN) , today reported results for the fiscal 2024 third quarter ended March 29, 2024. Fiscal Third Quarter 2024 Highlights • Sales increased 50 basis points year-over-year to $74.2 million • Gross margin of 28.2%, expanded 210 basis points on a year-over-year basis • Net income attributable to Twin Disc was $3.8 million and EBITDA* of $7.0 million • Robust

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Source: SEC EDGAR

accession 0001437749-24-013853

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