secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001437749-24-013853
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774924013853/0001437749-24-013853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774924013853/twin20240429_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013853

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