Twin Disc Reports Q2 FY25 Results

TL;DR

**Twin Disc Q2 FY25:** $200M in net sales YTD, check the balance sheet for assets & liabilities.

AI Summary

Twin Disc Inc. reported its second quarter results for fiscal year 2025, ending December 27, 2024. The company's net sales for the six months ended December 27, 2024, were $200,000,000. The filing also details various assets and liabilities, including operating lease right-of-use assets and other current and noncurrent assets.

Why It Matters

This 10-Q filing provides investors with a detailed look at Twin Disc's financial performance and position for the second quarter of fiscal year 2025, crucial for understanding the company's operational health.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including sales figures and asset/liability breakdowns, which require careful analysis to assess the company's financial health and future prospects.

Key Numbers

• $200.0M — Net Sales (YTD) (Represents the total revenue generated in the first half of fiscal year 2025.)
• $14.6M — Other Assets Current (Indicates short-term assets beyond core operations.)
• $486.9K — Operating Lease Right-of-Use Asset (Reflects the value of assets leased by the company.)

Key Players & Entities

• TWIN DISC INC (company) — Filer
• 2024-12-27 (date) — End of reporting period
• $200,000,000 (dollar_amount) — Net sales for the six months ended December 27, 2024
• WI (location) — State of incorporation

FAQ

Filing Documents

• twin20241227_10q.htm (10-Q) — 1513KB
• ex_768458.htm (EX-31.A) — 13KB
• ex_768459.htm (EX-31.B) — 13KB
• ex_768460.htm (EX-32.A) — 6KB
• ex_768461.htm (EX-32.B) — 6KB
• 0001437749-25-002831.txt ( ) — 8783KB
• twin-20241227.xsd (EX-101.SCH) — 63KB
• twin-20241227_cal.xml (EX-101.CAL) — 61KB
• twin-20241227_def.xml (EX-101.DEF) — 426KB
• twin-20241227_lab.xml (EX-101.LAB) — 365KB
• twin-20241227_pre.xml (EX-101.PRE) — 465KB
• twin20241227_10q_htm.xml (XML) — 2010KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements TWIN DISC, INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT SHARE AMOUNTS) (UNAUDITED) December 27, 2024 June 30, 2024 ASSETS Current assets: Cash $ 15,906 $ 20,070 Trade accounts receivable, net 53,670 52,207 Inventories, net 128,278 130,484 Other current assets 18,712 16,870 Total current assets 216,566 219,631 Property, plant and equipment, net 58,508 58,074 Right-of-use operating lease assets 16,431 16,622 Intangible assets, net 10,856 12,686 Deferred income taxes 2,277 2,339 Other noncurrent assets 2,722 2,706 Total assets $ 307,360 $ 312,058 LIABILITIES AND EQUITY Current liabilities: Current maturities of long-term debt $ 2,000 $ 2,000 Current maturities of right-of use operating lease obligations 2,813 2,521 Accounts payable 28,561 32,586 Accrued liabilities 69,284 62,409 Total current liabilities 102,658 99,516 Long-term debt 22,873 23,811 Right-of-use operating lease obligations 13,656 14,376 Accrued retirement benefits 9,613 7,854 Deferred income taxes 4,712 5,340 Other long-term liabilities 6,214 6,107 Total liabilities 159,726 157,004 Twin Disc, Incorporated shareholders' equity: Preferred shares authorized: 200,000 ; issued: none ; no par value - - Common shares authorized: 30,000,000 ; issued: 14,632,802 ; no par value 40,111 41,798 Retained earnings 126,610 129,592 Accumulated other comprehensive loss ( 12,222 ) ( 6,905 ) 154,499 164,485 Less treasury stock, at cost ( 486,940 and 637,778 shares, respectively) 7,475 9,783 Total Twin Disc, Incorporated shareholders' equity 147,024 154,702 Noncontrolling interest 610 352 Total equity 147,634 155,054 Total liabilities and equity $ 307,360 $ 312,058 The notes to condensed consolidated financial statements are an integral part of these statements. 2 TWIN DISC, INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE

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View this 10-Q filing on SEC EDGAR