Every 10-Q that Twin Disc, Incorporated (TWIN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TWIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TWIN filings page.
Twin Disc reported significantly stronger results for the quarter ended March 27, 2026. Net sales rose to $96.7 million from $81.2 million, helped by commercial marine, defense and land-based transmission demand and favorable currency. Gross margin improved to 28.1% from 26.7%.
Operating income increased to $5.8 million from $1.9 million, and net income attributable to shareholders was $3.3 million, compared with a $1.5 million loss a year earlier. Basic earnings per share were $0.23 versus a loss of $0.11. For the first three quarters, sales reached $266.9 million and EPS climbed to $1.79, aided by a large income tax valuation allowance release.
Twin Disc, Inc. posted essentially flat second-quarter net sales of $90.2M, compared with $89.9M a year earlier, but reported a sharp jump in profitability driven by a large tax benefit.
Net income attributable to shareholders rose to $22.4M, or $1.58 basic EPS, versus $0.9M, or $0.07, in the prior-year quarter. The company released a $23.9M U.S. deferred tax valuation allowance, recognizing about $22.8M of tax benefit as a discrete item after returning to a cumulative three-year income position and implementing tax planning.
For the first two quarters, net sales increased to $170.2M from $162.8M, and net income attributable to shareholders improved to $21.9M from a loss of $1.8M. Operating performance reflected growth in industrial and European marine products, contributions from the Kobelt acquisition, and continued strength in Veth and Katsa offerings, partially offset by softer commercial marine and oil and gas transmission demand, particularly in China.
Cash from operating activities turned to an outflow of $3.0M for the first two quarters, while higher capital spending and greater use of the revolving credit facility increased debt to $44.5M. Total assets reached $384.0M and equity $185.2M as of December 26, 2025.
Twin Disc (TWIN) reported Q1 FY2026 results. Net sales rose to $79,996 from $72,897 as gross profit improved to $22,934. Operating income reached $2,235, but after interest and taxes the company posted a net loss attributable to Twin Disc of $518, or $(0.04) per share, compared with a $(0.20) loss a year ago.
Manufacturing led performance, and marine and propulsion systems generated $48,226 of sales. Operating cash flow was $(7,524), driven by working capital, while investing cash flow was $(3,439). Financing provided $9,868, reflecting revolving borrowings of $40,375 and repayments of $27,971. Cash ended at $14,241. Inventories increased to $158,272. Long‑term debt was $40,719, including revolving loans of $30,194 and a $13,500 term loan. Total equity was $160,888. The company reported a quarterly dividend of $0.04 per share.
Under its credit agreement, borrowing capacity on the revolver was $46,337 with approximately $16,143 available. The effective tax rate was 172.2%, influenced by valuation allowances and a $147 discrete tax expense tied to planned repatriation from China.