Twin Disc Reports Q2 FY25 Results

Ticker: TWIN · Form: 10-Q · Filed: 2025-02-05T00:00:00.000Z

Sentiment: neutral

Topics: financials, 10-Q, earnings

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

What were Twin Disc's net sales for the six months ended December 27, 2024?

Twin Disc reported net sales of $200,000,000 for the six months ended December 27, 2024.

What is the company's fiscal year end?

Twin Disc's fiscal year ends on June 30.

What is the SIC code for Twin Disc Inc.?

The Standard Industrial Classification code for Twin Disc Inc. is 3560 (General Industrial Machinery & Equipment).

What was the value of the operating lease right-of-use asset as of December 27, 2024?

The operating lease right-of-use asset was $486,940 as of December 27, 2024.

What is the company's filing address?

The company's business address is 1328 Racine St, Racine, WI 53403.

From the Filing

0001437749-25-002831.txt : 20250205 0001437749-25-002831.hdr.sgml : 20250205 20250205083115 ACCESSION NUMBER: 0001437749-25-002831 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20241227 FILED AS OF DATE: 20250205 DATE AS OF CHANGE: 20250205 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: 25590996 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 twin20241227_10q.htm FORM 10-Q twin20241227_10q.htm 0000100378 TWIN DISC INC false --06-30 Q2 2025 200,000 200,000 0 0 0 0 30,000,000 30,000,000 14,632,802 14,632,802 0 0 486,940 637,778 13 13 2 8 0 0 0 0 2 3 3 0 0 1 3 3 3 3 1,552 1,683 2,406 2,199 0 21 227 9 0 0 http://fasb.org/us-gaap/2024#OperatingLeaseRightOfUseAsset 1 504 13,000 http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent 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 2024-12-27 xbrli:shares 0000100378 2025-01-20 iso4217:USD 0000100378 2024-12-27 0000100378 2024-06-30 iso4217:USD xbrli:shares 0000100378 2024-09-28 2024-12-27 0000100378 2023-09-30 2023-12-29 0000100378 2023-07-01 2023-12-29 0000100378 twin:ServiceExcludingOtherGoodsMember 2024-09-28 2024-12-27 0000100378 twin:ServiceExcludingOtherGoodsMember 2023-09-30 2023-12-29 0000100378 twin:ServiceExcludingOtherGoodsMember 2024-07-01 2024-12-27 0000100378 twin:ServiceExcludingOtherGoodsMember 2023-07-01 2023-12-29 0000100378 twin:OtherGoodsMember 2024-09-28 2024-12-27 0000100378 twin:OtherGoodsMember 2023-09-30 2023-12-29 0000100378 twin:OtherGoodsMember 2024-07-01 2024-12-27 0000100378 twin:OtherGoodsMember 2023-07-01 2023-12-29 0000100378 twin:BoatManagementSystemProductLineMember 2024-07-01 2024-12-27 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-12-29 0000100378 2023-06-30 0000100378 2023-12-29 xbrli:pure 0000100378 twin:KatsaOyMember 2024-05-31 0000100378 twin:IndustrialProductsMember 2024-09-28 2024-12-27 0000100378 twin:BoatManagementSystemProductLineMember 2023-07-01 2023-09-29 0000100378 twin:BoatManagementSystemProductLineMember country:US 2023-09-30 2023-12-29 0000100378 2024-09-27 0000100378 2023-09-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2024-09-28 2024-12-27 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-09-30 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2024-07-01 2024-12-27 0000100378 us-gaap:OperatingSegmentsMember twin:ManufacturingSegmentMember 2023-07-01 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2024-09-28 2024-12-27 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-09-30 2023-12-29 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2024-07-01 2024-12-27 0000100378 us-gaap:OperatingSegmentsMember twin:DistributionSegmentMember 2023-07-01 2023-12-29 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2024-09-28 2024-12-27 0000100378 us-gaap:IntersegmentEliminationMember twin:ManufacturingSegmentMember 2023-09-30 2023-12-29 0000100378 us-gaap:IntersegmentEliminationMember twin:Manufa