TWIN DISC INC reported Q3 2026 results: revenue $96.7 million, net income $3.3 million, EPS $0.23 per diluted share.
“Third Quarter Results Sales for the fiscal 2026 third quarter increased 19.0% year-over-year to $96.7 million, driven largely by strength in the Company’s Veth products in Marine and Propulsion Systems. On an organic basis*, which excludes the impacts of acquisitions and foreign currency exchange, fiscal third quarter 2026 sales increased 7.0% year-over-year. Sales by product group (certain amounts have been reclassified from Marine and Propulsion to Other): Product Group (Thousands of $): Q3 FY26 Sales Q3 FY25 Sales Change (%) Marine and Propulsion Systems $ 59,146 $ 49,297 20.0 % Land-Based Transmissions 21,715 17,776 22.2 % Industrial 11,215 9,734 15.2 % Other 4,618 4,435 4.1 % Total $ 96,684 $ 81,242 19.0 % Twin Disc delivered double-digit growth year-over-year in the North American region which drove a shift in the distribution of sales across geographical regions. A greater proportion of sales came from the North American region, with a lower proportion of sales coming from the”
Debt Financings
TWIN DISC INC incurred term loan of Term Loan in the principal amount of $15,000,000 with Bank of Montreal at SOFR, EURIBO Rate, or CORRA plus Applicable Margins between 2.125% and 3.625% fo maturing April 1, 2027.
“that are not otherwise defined herein are defined in the Credit Agreement. Pursuant to the Credit Agreement, the Bank made a Term Loan to the Company in the principal amount of $15,000,000, consisting of as assignment of a term loan under the Prior Credit Agreement from BMO to the Bank with a remaining principal of $8,500,000 and an additional advance of $6,500,000.”
Earnings Releases
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.
“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”
Material Agreements
TWIN DISC INC amended Amendment No. 10 to Credit Agreement with BMO Harris Bank, N.A. valued at $40,000,000 to $45,000,000 (effective 2024-04-01).
“On April 1, 2024, Twin Disc, Incorporated (the “Company”) entered into Amendment No. 10 to Credit Agreement (the “Tenth Amendment”) that amends and extends the Credit Agreement dated as of June 29, 2018, as amended (the “Credit Agreement”) between the Company and BMO Harris Bank, N.A. (the “Bank”).”
Material Agreements
TWIN DISC INC entered into Sale and Purchase Agreement with Katsa Oy valued at €21,000,000 (effective 2024-03-05).
“On March 5, 2024, TD Finland Holding OY (“TD Finland”), a wholly-owned subsidiary of Twin Disc, Incorporated (the “Company”), entered into a Sale and Purchase Agreement (the “Purchase Agreement”) with Katsa Oy (“Katsa”) to purchase all shares of capital stock of Katsa.”
Earnings Releases
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.
“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”
Earnings Releases
TWIN DISC INC reported first quarter 2024 results: revenue $63.6 million, net income ($1.2) million, EPS ($0.09) per diluted share.
“TWIN) , today reported results for the fiscal 2024 first quarter ended September 29, 2023. Fiscal First Quarter 2024 Highlights ● Sales increased 13.7% year-over-year to $63.6 million ● Gross margin of 26.2%, expanded 240 basis points despite one-time noncash charge of $3.1 million ● Net loss attributable to Twin Disc was ($1.2) million and EBITDA* of $2.3”
Shareholder Votes
TWIN DISC INC shareholders approved Appointment of RSM US LLP as Independent Registered Public Accounting Firm at the 2023-10-26 meeting.
“Proposal No. 4 – Appointment of RSM US LLP as Independent Registered Public Accounting Firm.”
Shareholder Votes
TWIN DISC INC shareholders approved Advisory Vote on the Frequency of the vote on Compensation of the Company’s Named Executive Officers at the 2023-10-26 meeting.
“Proposal No. 3 – Advisory Vote on the Frequency of the vote on Compensation of the Company ’ s Names Executive Officers.”
Shareholder Votes
TWIN DISC INC shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2023-10-26 meeting.
“Proposal No. 2 – Advisory Vote on the Compensation of the Company ’ s Named Executive Officers.”
Shareholder Votes
TWIN DISC INC shareholders approved Election of Directors at the 2023-10-26 meeting.
“The shareholders of the Company elected each of the Director nominees proposed by the Company’s Board of Directors.”
Earnings Releases
TWIN DISC INC reported full fiscal year 2023 ended June 30, 2023 results: revenue $277.0 million, net income $10.4 million, EPS $0.75 per diluted share.
“Mr. Batten. Fourth Quarter & Full-Year Results Sales for the fiscal 2023 fourth quarter increased 10.5% year-over-year to $83.9 million and fiscal 2023 sales increased 14.0% to $277.0 million. Fourth quarter and full year sales growth were similarly driven by demand for the Company’s Marine and Propulsion Systems and Land-Based Transmissions markets, and favorable”
Earnings Releases
TWIN DISC INC reported fourth quarter of fiscal 2023 ended June 30, 2023 results: revenue $83.9 million, net income $8.6 million, EPS $0.62 per diluted share.
“Fiscal Fourth Quarter 2023 Highlights ● Sales increased 10.5% year-over-year to $83.9 million ● Net income attributable to Twin Disc was $8.6 million and EBITDA* of $13.0 million ● Significantly improved operating cash flow of $16.0 million ● Free cash flow* of $14.9 million compared to $(3.4) million in the year-ago period ● Strong six-month backlog of $119.2 million supported by healthy ongoing demand”
Earnings Releases
TWIN DISC INC reported third quarter of fiscal year 2023 results: revenue $73.8 million, net income $2.7 million, EPS $0.20 per diluted share.
“today reported results for the third quarter of fiscal year 2023, which ended on March 31, 2023. Fiscal Third Quarter 2023 Highlights ● Sales increased 24.4% year-over-year to $73.8 million ● Net income attributable to Twin Disc was $2.7 million and EBITDA* of $6.4 million ● Improved operating cash flow of $6.9 million ● Six-month backlog of $127.7 million at the”
Earnings Releases
TWIN DISC INC reported fiscal 2023 second quarter and first half ended December 30, 2022 results: revenue $63.4 million, net income $1.1 million, EPS $0.08 per diluted share.
“Twin Disc, Inc. (NASDAQ: TWIN) , today reported financial results for the fiscal 2023 second quarter and first half ended December 30, 2022. Sales for the fiscal 2023 second quarter were $63.4 million, compared to $59.9 million for the same period last year.”
Earnings Releases
TWIN DISC INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $55.9 million, net income ($2.0) million, EPS ($0.15) per share.
“2022 — Twin Disc, Inc. (NASDAQ: TWIN) , today reported financial results for the fiscal 2023 first quarter ended September 30, 2022. Sales for the fiscal 2023 first quarter were $55.9 million, compared to $47.8 million for the same period last year. The 17.1% increase in 2023 first quarter sales was primarily due to improving demand within the Company’s global oil and”
Shareholder Votes
TWIN DISC INC shareholders approved Appointment of RSM US LLP as Independent Registered Public Accounting Firm at the 2022-10-27 meeting.
“Proposal No. 3 – Appointment of RSM US LLP as Independent Registered Public Accounting Firm. The shareholders of the Company ratified the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023. Because brokers holding shares are permitted to vote on this proposal without specific instruction from the beneficial owners of such shares, there are no “broker non-votes” for this proposal. The following is a breakdown of the voting results: Votes For Votes Against Abstentions 11,675,287 59,905 28,900”
Shareholder Votes
TWIN DISC INC shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2022-10-27 meeting.
“Proposal No. 2 – Advisory Vote on the Compensation of the Company ’ s Named Executive Officers. In an advisory vote, the shareholders of the Company approved the compensation of the Company’s Named Executive Officers. The Company includes such an advisory vote on the Company’s Named Executive Officer compensation in its proxy materials every year, and intends to continue to provide such an advisory vote on an annual basis until the next required non-binding advisory vote on the frequency of such votes on executive compensation. The following is a breakdown of the voting results: Votes For Votes Against Abstentions Broker Non-Votes 10,038,301 133,808 460,820 1,131,162”
Shareholder Votes
TWIN DISC INC shareholders approved Election of Directors at the 2022-10-27 meeting.
“Proposal No. 1 – Election of Directors. The shareholders of the Company elected each of the Director nominees proposed by the Company’s Board of Directors. Messrs. Batten and Olsen and Ms. Larimer were elected to serve until the 2025 Annual Meeting of Shareholders or until their successor is duly elected and qualified. The following is a breakdown of the voting results: Votes For Percent(1) Votes Withheld Percent(1) Broker Non- Votes John H. Batten 10,327,183 97.12 % 305,747 2.88 % 1,131,162 Juliann Larimer 10,405,682 97.86 % 227,248 2.14 % 1,131,162 Kevin M. Olsen 10,409,482 97.90 % 223,448 2.10 % 1,131,162”
Michael C. Smiley was appointed as Chairman of the Board at TWIN DISC INC.
“The Board intends to appoint Michael C. Smiley as the new Chairman of the Board after Mr. Rayburn’s retirement.”
Harold M. Stratton II departed as Director at TWIN DISC INC.
“In addition, Harold M. Stratton II will not be nominated for another term to the Company’s Board, and his term on the Board will end as of the Company’s 2022 Annual Meeting of Shareholders.”
David B. Rayburn retired as Director at TWIN DISC INC.
“On August 4, 2022, David B. Rayburn announced his intention to retire from the Board, effective after the Company’s 2022 Annual Meeting of Shareholders.”
Kevin Olsen was appointed as Director at TWIN DISC INC.
“On August 4, 2022, the Board of Directors (the “Board”) of Twin Disc, Incorporated (the “Company”) increased the size of the Board from eight to nine, and appointed Kevin Olsen as a member of the Board to fill the vacancy created by the expansion of the Board.”
Juliann Larimer was appointed as member of the Board of Directors at TWIN DISC INC.
“appointed Juliann Larimer as a member of the Board of Directors of the Company to fill the vacancy created by the expansion of the Board of Directors.”
John H. Batten was appointed as President at TWIN DISC INC.
“appointed John H. Batten as President of the Company in addition to his role as Chief Executive Officer, to fill the vacancy in that office created by the departure of James E. Feiertag.”
James E. Feiertag departed as President at TWIN DISC INC.
“to fill the vacancy in that office created by the departure of James E. Feiertag.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.