secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001437749-24-033459
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Twin Disc Q1 revenue up 14.7% to $72.9M; net loss widens to $2.8M
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- Net loss of $2.8M ($0.20 diluted EPS) vs loss of $1.2M ($0.09) in prior year.
- Revenue of $72.9M; Marine & Propulsion up 22.9%, Industrial up 61.3%, Land-Based down 7%.
- Gross margin 26.5% (+30 bps); EBITDA $1.7M, down 23% YoY.
- Backlog $144.3M, up from $133.7M at Q4 end; inventory-to-backlog 99.7%.
- Debt $29.8M (+37.6%) from Katsa acquisition; currency loss of $1.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774924033459/0001437749-24-033459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774924033459/twin20241104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033459

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