Twin Disc Inc. Files 2024 10-K

TL;DR

Twin Disc filed its 2024 10-K. Financials look stable, but need deeper dive.

AI Summary

Twin Disc, Inc. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its financial performance and business operations. The company, headquartered at 1328 Racine St, Racine, WI, is involved in the general industrial machinery and equipment sector. Key financial figures from the filing include total assets and liabilities, though specific revenue and net income figures are not detailed in this excerpt.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of Twin Disc's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the lack of specific performance metrics in the provided excerpt necessitates a higher risk assessment until a full review is completed.

Key Numbers

• 30,000,000 — Total Assets (Reported as of fiscal year end 2024.)
• 14,632,802 — Current Liabilities (Reported as of fiscal year end 2024.)
• 637,778 — Operating Lease Right Of Use Asset (Reported as of fiscal year end 2024.)
• 814,734 — Operating Lease Liability Current (Reported as of fiscal year end 2024.)

Key Players & Entities

• TWIN DISC INC (company) — Filer
• 20240630 (date) — Fiscal Year End
• 1328 RACINE ST, RACINE, WI 53403 (address) — Business Address
• 2626384000 (phone_number) — Business Phone
• GENERAL INDUSTRIAL MACHINERY & EQUIPMENT (industry) — SIC Code Description

FAQ

From the Filing

0001437749-24-028638.txt : 20240906 0001437749-24-028638.hdr.sgml : 20240906 20240906160056 ACCESSION NUMBER: 0001437749-24-028638 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 130 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240906 DATE AS OF CHANGE: 20240906 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07635 FILM NUMBER: 241284438 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-K 1 twin20240630_10k.htm FORM 10-K twin20240630_10k.htm 0000100378 TWIN DISC INC false --06-30 FY 2024 false false false false 200,000 200,000 0 0 0 0 30,000,000 30,000,000 14,632,802 14,632,802 0 0 637,778 814,734 8 21 0 0 0 0.10 0.15 0.15 0.3 http://fasb.org/us-gaap/2024#OperatingLeaseRightOfUseAsset http://fasb.org/us-gaap/2024#OperatingLeaseRightOfUseAsset http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet 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#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent 8.7 0 0 315,000 141 133 210 210 103 103 2 3 3 1 3 3 3 21 21 2.1 13,500 http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent Annuity contracts represent contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or lump sum amount at a later date. Annuity contracts are valued at fair value using the net present value of future cash flows. In accordance with ASC 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the fair value of plan assets at the end of the year. Activity primarily represents amounts written-off during the year, along with other adjustments (primarily foreign currency translation adjustments). Common stock is valued at the closing price reported on the active market on which the individual securities are traded. These securities include U.S. equity securities invested in companies that are traded on exchanges inside the U.S. and international equity securities invested in companies that are traded on exchanges outside the U.S. Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Company’s funded benefit plans are open-end mutual funds that are registered with the Securities Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Company’s funded benefit plans are deemed to be actively traded. 0000100378 2023-07-01 2024-06-30 iso4217:USD 0000100378 2023-12-29 xbrli:shares 0000100378 2024-08-20 thunderdome:item 0000100378 2024-06-30 0000100378 2023-06-30 iso4217:USD xbrli:shares 0000100378 2022-07-01 2023-06-30 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2023-07-01 2024-06-30 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2022-07-01 2023-06-30 0000100378 twin:Bo