TWIN: Stable Capital Structure, 14.6M Shares Outstanding
Ticker: TWIN · Form: 10-Q · Filed: 2024-02-07T00:00:00.000Z
Sentiment: neutral
Topics: capital-structure, shares-outstanding, 10-Q
TL;DR
**TWIN's capital structure is stable with 14.6M shares outstanding, no dilution.**
AI Summary
Twin Disc Inc. (TWIN) filed its 10-Q for the period ending December 29, 2023, indicating a continued focus on its core industrial machinery business. The filing highlights the company's capital structure with 30,000,000 authorized common shares and 14,632,802 shares outstanding. While specific financial performance figures like revenue or net income are not detailed in the provided snippet, the consistent share count suggests stability in its equity base. This matters to investors as a stable capital structure can indicate predictable ownership and a lack of recent dilutive actions, which is generally positive for existing shareholders.
Why It Matters
A stable share count means existing shareholders aren't being diluted, which can support per-share metrics and investor confidence.
Risk Assessment
Risk Level: low — The provided snippet primarily details capital structure, which is a low-risk area unless significant changes are indicated.
Analyst Insight
Investors should note the stable capital structure, which suggests no immediate dilution risk. Further analysis of the full 10-Q for financial performance metrics (revenue, profit, cash flow) is crucial to assess the company's operational health and future prospects.
Key Numbers
- 30,000,000 — Authorized Common Shares (Represents the maximum number of shares the company can issue.)
- 14,632,802 — Common Shares Outstanding (Indicates the number of shares currently held by investors, important for per-share calculations.)
- 2023-12-29 — Conformed Period of Report (The end date of the financial period covered by this 10-Q filing.)
- 2024-02-07 — Filed As Of Date (The date the 10-Q was officially filed with the SEC.)
Key Players & Entities
- TWIN DISC INC (company) — the filer of the 10-Q
- 30,000,000 (dollar_amount) — authorized common shares
- 14,632,802 (dollar_amount) — common shares outstanding
- December 29, 2023 (date) — the end of the reporting period
Forward-Looking Statements
- Twin Disc Inc. will maintain a stable common share count, indicating no immediate plans for significant equity dilution. (TWIN DISC INC) — medium confidence, target: 2024-06-30
FAQ
What is the total number of common shares authorized for Twin Disc Inc. as per this filing?
According to the filing, Twin Disc Inc. has 30,000,000 common shares authorized.
How many common shares of Twin Disc Inc. were outstanding as of the reporting period?
The filing states that 14,632,802 common shares were outstanding for Twin Disc Inc. as of the reporting period ending December 29, 2023.
What is the conformed period of report for this 10-Q filing?
The conformed period of report for this 10-Q filing is December 29, 2023.
When was this 10-Q filing officially submitted to the SEC?
This 10-Q filing was officially submitted to the SEC on February 7, 2024.
What is the Central Index Key (CIK) for Twin Disc Inc.?
The Central Index Key (CIK) for Twin Disc Inc. is 0000100378.
From the Filing
0001437749-24-003293.txt : 20240207 0001437749-24-003293.hdr.sgml : 20240207 20240207083112 ACCESSION NUMBER: 0001437749-24-003293 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 87 CONFORMED PERIOD OF REPORT: 20231229 FILED AS OF DATE: 20240207 DATE AS OF CHANGE: 20240207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TWIN DISC INC CENTRAL INDEX KEY: 0000100378 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] ORGANIZATION NAME: 06 Technology IRS NUMBER: 390667110 STATE OF INCORPORATION: WI FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07635 FILM NUMBER: 24602304 BUSINESS ADDRESS: STREET 1: 1328 RACINE ST CITY: RACINE STATE: WI ZIP: 53403 BUSINESS PHONE: 2626384000 MAIL ADDRESS: STREET 1: 1328 RACINE STREET CITY: RACINE STATE: WI ZIP: 53403 FORMER COMPANY: FORMER CONFORMED NAME: TWIN DISC CLUTCH CO DATE OF NAME CHANGE: 19770217 10-Q 1 twin20231229_10q.htm FORM 10-Q twin20231229_10q.htm 0000100378 TWIN DISC INC false --06-30 Q2 2024 200,000 200,000 0 0 0 0 30,000,000 30,000,000 14,632,802 14,632,802 0 0 639,006 814,734 13 13 8 4 0 0 0 0 2 3 3 0 1 3 3 3 3 2018 2019 2020 2021 2022 2023 3 5 0 0 2.1 13,000 1 3 13 4 0 0 200,000 200,000 0 0 0 0 30,000,000 30,000,000 14,632,802 14,632,802 0 0 819,398 819,398 These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details). 0000100378 2023-07-01 2023-12-29 xbrli:shares 0000100378 2024-02-02 thunderdome:item iso4217:USD 0000100378 2023-12-29 0000100378 2023-06-30 iso4217:USD xbrli:shares 0000100378 2023-09-30 2023-12-29 0000100378 2022-10-01 2022-12-30 0000100378 2022-07-01 2022-12-30 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2023-09-30 2023-12-29 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2022-10-01 2022-12-30 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2023-07-01 2023-12-29 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2022-07-01 2022-12-30 0000100378 twin:BoatManagementSystemProductLineMember 2023-09-30 2023-12-29 0000100378 twin:BoatManagementSystemProductLineMember 2022-10-01 2022-12-30 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-12-29 0000100378 twin:BoatManagementSystemProductLineMember 2022-07-01 2022-12-30 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-12-29 0000100378 twin:BoatManagementSystemProductLineMember 2022-07-01 2022-12-30 0000100378 2022-06-30 0000100378 2022-12-30 utr:Y 0000100378 us-gaap:BuildingAndBuildingImprovementsMember srt:MinimumMember 2023-06-30 0000100378 twin:BoatManagementSystemProductLineMember 2023-09-30 2023-12-29 0000100378 twin:BoatManagementSystemProductLineMember country:US 2023-09-30 2023-12-29 0000100378 2023-09-29 0000100378 2022-09-30 xbrli:pure 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-09-30 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2022-10-01 2022-12-30 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-07-01 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2022-07-01 2022-12-30 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-09-30 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2022-10-01 2022-12-30 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-07-01 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2022-07-01 2022-12-30 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2023-09-30 2023-12-29 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2022-10-01 2022-12-30 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegme