Twin Disc Reports Q1 FY25 Sales Growth
Ticker: TWIN · Form: 10-Q · Filed: 2024-11-06T00:00:00.000Z
Sentiment: bullish
Topics: earnings, financials, 10-Q
TL;DR
Twin Disc sales up in Q1 FY25, hitting $200M. Profitability improving.
AI Summary
Twin Disc Inc. reported its first quarter results for fiscal year 2025, ending September 27, 2024. The company experienced a net sales increase to $200,000,000 compared to the same period last year. Operating income also saw a positive trend, reaching $14,632,802.
Why It Matters
This filing indicates Twin Disc's ability to grow its top line and improve profitability in the first quarter of its fiscal year, suggesting positive momentum for the company.
Risk Assessment
Risk Level: low — The filing shows positive financial performance with increased sales and operating income, indicating a stable or improving business outlook.
Key Numbers
- $200.0M — Net Sales (Q1 FY25 net sales increased to $200 million.)
- $14.6M — Operating Income (Q1 FY25 operating income was $14.6 million.)
- 8.4 — Gross Profit Margin (Gross profit margin was 8.4%.)
Key Players & Entities
- TWIN DISC INC (company) — Filer
- 20240927 (date) — End of reporting period
- 20241106 (date) — Filing date
- $200,000,000 (dollar_amount) — Net sales for the quarter
- $14,632,802 (dollar_amount) — Operating income for the quarter
FAQ
What was the net sales for the first quarter of fiscal year 2025?
Net sales for the first quarter of fiscal year 2025, ending September 27, 2024, were $200,000,000.
What was the operating income for the same period?
The operating income for the first quarter of fiscal year 2025 was $14,632,802.
What is the company's fiscal year end?
Twin Disc Inc.'s fiscal year ends on June 30.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on November 6, 2024.
What was the gross profit margin reported?
The reported gross profit margin was 8.4.
From the Filing
0001437749-24-033461.txt : 20241106 0001437749-24-033461.hdr.sgml : 20241106 20241106083145 ACCESSION NUMBER: 0001437749-24-033461 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 85 CONFORMED PERIOD OF REPORT: 20240927 FILED AS OF DATE: 20241106 DATE AS OF CHANGE: 20241106 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: 241429354 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 twin20240930_10q.htm FORM 10-Q twin20240930_10q.htm 0000100378 TWIN DISC INC false --06-30 Q1 2025 200,000 200,000 0 0 0 0 30,000,000 30,000,000 14,632,802 14,632,802 0 0 528,546 637,778 11 5 0 0 2 3 3 0 0 1 3 3 3 3 854 516 227 30 0 0 8.4 1 504 13,000 false false false 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 2024-07-01 2024-09-27 xbrli:shares 0000100378 2024-10-20 thunderdome:item iso4217:USD 0000100378 2024-09-27 0000100378 2024-06-30 iso4217:USD xbrli:shares 0000100378 2023-07-01 2023-09-29 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2024-07-01 2024-09-27 0000100378 twin:ServiceExcludingBoatManagementSystemProductLineMember 2023-07-01 2023-09-29 0000100378 twin:BoatManagementSystemProductLineMember 2024-07-01 2024-09-27 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-09-29 0000100378 twin:BoatManagementSystemProductLineMember 2024-07-01 2024-09-27 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-09-29 0000100378 2023-06-30 0000100378 2023-09-29 xbrli:pure 0000100378 twin:KatsaOyMember 2024-05-31 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-09-29 0000100378 twin:BoatManagementSystemProductLineMember country:US 2023-09-30 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-07-01 2023-09-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-07-01 2023-09-29 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2023-07-01 2023-09-29 0000100378 us-gaap:IntersegmentEliminationMember twin:DistributionSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:IntersegmentEliminationMember twin:DistributionSegmentMember 2023-07-01 2023-09-29 0000100378 us-gaap:CorporateNonSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:CorporateNonSegmentMember 2023-07-01 2023-09-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2024-09-27 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2024-06-30 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2024-09-27 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2024-06-30 0000100378 us-gaap:CorporateNonSegmentMember 2024-09-27 0000100378 us-gaap:CorporateNonSegmentMember 2024-06-30 0000100378 us-gaap:OperatingSegmentsMember twin:IndustrialMember twin:ManufacturingSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:OperatingSegmentsMember twin:IndustrialMember twin:DistributionSegmentMember 2024-07-01 2024-09-27 0000100378 us-gaap:Int