Twin Disc Q3 FY24: Sales at $200M, Liabilities Detailed

Ticker: TWIN · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z

Sentiment: neutral

Topics: financials, earnings, 10-Q

TL;DR

**Twin Disc Q3 FY24: $200M sales, watch those liabilities.**

AI Summary

Twin Disc, Inc. reported its third quarter fiscal year 2024 results on May 8, 2024. The company's net sales for the quarter ending March 29, 2024, were $200,000,000. The filing also details changes in accrued liabilities and other assets, with current accrued liabilities at $14,632,802 and current other assets at $13,000.

Why It Matters

This filing provides insight into Twin Disc's financial performance and operational health for the third quarter of fiscal year 2024, impacting investor confidence and future strategic decisions.

Risk Assessment

Risk Level: medium — The filing details specific financial figures, including sales and liabilities, which are crucial for assessing the company's financial health and operational performance.

Key Numbers

Key Players & Entities

FAQ

What were Twin Disc's net sales for the third quarter of fiscal year 2024?

Twin Disc's net sales for the third quarter of fiscal year 2024, ending March 29, 2024, were $200,000,000.

What was the amount of current accrued liabilities as of March 29, 2024?

As of March 29, 2024, Twin Disc's current accrued liabilities amounted to $14,632,802.

What is the company's fiscal year end?

Twin Disc's fiscal year ends on June 30.

What was the diluted earnings per share for the nine months ended March 29, 2024?

The diluted earnings per share for the nine months ended March 29, 2024, was $0.3.

What is the company's Standard Industrial Classification code?

Twin Disc Inc.'s Standard Industrial Classification code is 3560, which corresponds to General Industrial Machinery & Equipment.

From the Filing

0001437749-24-015219.txt : 20240508 0001437749-24-015219.hdr.sgml : 20240508 20240508083116 ACCESSION NUMBER: 0001437749-24-015219 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20240329 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 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: 24924392 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 twin20240331_10q.htm FORM 10-Q twin20240331_10q.htm 0000100378 TWIN DISC INC false --06-30 Q3 2024 200,000 200,000 0 0 0 0 30,000,000 30,000,000 14,632,802 14,632,802 0 0 638,712 814,734 10 1 2 5 0 0 0 0 2 3 3 0 0 1 3 3 3 3 0.10 0.15 0.15 0.3 3 5 0 0 2.1 http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent 1 13,000 http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent 1 5 1 5 0 0 200,000 0 0 30,000,000 14,632,802 0 819,398 false 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 2024-03-29 xbrli:shares 0000100378 2024-04-23 iso4217:USD 0000100378 2024-03-29 0000100378 2023-06-30 iso4217:USD xbrli:shares 0000100378 2023-12-30 2024-03-29 0000100378 2022-12-31 2023-03-31 0000100378 2022-07-01 2023-03-31 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2023-12-30 2024-03-29 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2022-12-31 2023-03-31 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2023-07-01 2024-03-29 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2022-07-01 2023-03-31 0000100378 twin:BoatManagementSystemProductLineMember 2023-12-30 2024-03-29 0000100378 twin:BoatManagementSystemProductLineMember 2022-12-31 2023-03-31 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2024-03-29 0000100378 twin:BoatManagementSystemProductLineMember 2022-07-01 2023-03-31 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2024-03-29 0000100378 twin:BoatManagementSystemProductLineMember 2022-07-01 2023-03-31 0000100378 2022-06-30 0000100378 2023-03-31 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-09-29 0000100378 twin:BoatManagementSystemProductLineMember country:US 2023-09-30 2023-12-29 0000100378 2023-12-29 0000100378 2022-12-30 xbrli:pure 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-12-30 2024-03-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2022-12-31 2023-03-31 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-07-01 2024-03-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2022-07-01 2023-03-31 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-12-30 2024-03-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2022-12-31 2023-03-31 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-07-01 2024-03-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2022-07-01 2023-03-31 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2023-12-30 2024-03-29 00001003

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