Twin Disc Incorporated (TWIN) financial statements: income statement, balance sheet and cash flow

Twin Disc Incorporated's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Twin Disc Incorporated reported revenue of $381.3M (+11.9% year on year) and net income of $27.6M (+1824.2% year on year).

Income statement

Twin Disc Incorporated income statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net Sales	$381.3M	$340.7M	$295.1M	$277.0M
Cost of goods sold	$278.7M	$248.0M	$211.8M	$202.6M
Gross profit	$102.6M	$92.7M	$83.3M	$74.3M
Marketing, engineering and administrative expenses	$84.5M	$82.4M	$71.6M	$62.2M
Additions	$366.0K	$408.0K	$218.0K	$177.0K
Other operating income	($221.0K)	—	$0	($4.1M)
Operating income (loss)	$18.0M	$9.9M	$11.5M	$16.1M
Interest expense	($3.1M)	($2.6M)	($1.4M)	($2.3M)
Other income (expense), net	($1.3M)	($5.5M)	$1.6M	$658.0K
Non-operating income (expense)	($4.4M)	—	$3.9M	($1.6M)
Income (loss) before income taxes and noncontrolling interest	$13.6M	$1.8M	$15.4M	$14.5M
Income tax benefit (expense)	$14.0M	$3.4M	$4.1M	$3.8M
Less: Net income (loss) attributable to noncontrolling interest, net of tax	$493.0K	($295.0K)	($258.0K)	($297.0K)
Net income (loss) attributable to Twin Disc, Incorporated	$27.1M	($1.9M)	$11.0M	$10.4M
Dividends per share (in dollars per share)	$0.16	$0.16	$0.12	—
Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$1.92	-$0.14	$0.80	$0.77
Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$1.86	-$0.14	$0.79	$0.75
Basic shares outstanding (in shares)	14.1M	13.9M	13.7M	13.5M
Diluted shares outstanding (in shares)	14.6M	13.9M	13.9M	13.8M
Net income (loss)	$27.6M	($1.6M)	$11.2M	$10.7M
Benefit plan adjustments, net of income taxes of $452 and $13, respectively	$2.7M	($3.4M)	($2.1M)	$667.0K
Foreign currency translation adjustment	($6.1M)	$15.9M	$657.0K	$634.0K
Unrealized gain (loss) on hedges, net of income taxes of $0 and $0, respectively	($155.0K)	($1.9M)	$46.0K	$54.0K
Comprehensive income (loss)	$24.0M	$9.1M	$9.8M	$12.0M
Less: Comprehensive income (loss) attributable to noncontrolling interest	$359.0K	$334.0K	$183.0K	$248.0K
Comprehensive income (loss) attributable to Twin Disc, Incorporated	$23.6M	$8.7M	$9.7M	$11.8M

Twin Disc Incorporated income statement, quarters

Line item	Mar 27, 2026 · Q3	Dec 26, 2025 · Q2	Sep 26, 2025 · Q1	Mar 28, 2025 · Q3
Net sales	$96.7M	$90.2M	$80.0M	$81.2M
Cost of goods sold	$69.6M	$67.8M	$57.1M	$59.5M
Gross profit	$27.1M	$22.4M	$22.9M	$21.7M
Marketing, engineering and administrative expenses	$21.3M	$20.7M	$20.7M	$19.5M
Other operating (income) expense	$54.0K	($374.0K)	—	—
Income (loss) from operations	$5.8M	$2.1M	$2.2M	$1.9M
Interest expense	($790.0K)	($772.0K)	($800.0K)	($660.0K)
Other income (expense), net	$363.0K	($617.0K)	($864.0K)	($1.6M)
Non-operating income (expense)	($427.0K)	($1.4M)	($1.7M)	($2.2M)
Income (loss) before income taxes and noncontrolling interest	$5.4M	$698.0K	$571.0K	($280.0K)
Income tax benefit (expense)	($1.8M)	$21.8M	($983.0K)	$1.1M
Less: Net income (loss) attributable to noncontrolling interest, net of tax	$231.0K	$107.0K	$106.0K	($50.0K)
Net income (loss) attributable to Twin Disc, Incorporated	$3.3M	$22.4M	($518.0K)	($1.5M)
Dividends per share (in dollars per share)	$0.04	$0.04	$0.04	$0.04
Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$0.23	$1.58	-$0.04	-$0.11
Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$0.23	$1.55	-$0.04	-$0.11
Basic shares outstanding (in shares)	14.2M	14.2M	14.0M	13.9M
Diluted shares outstanding (in shares)	14.4M	14.4M	14.0M	13.9M
Net income (loss)	$3.6M	$22.5M	($412.0K)	($1.4M)
Benefit plan adjustments, net of income taxes of $146, $5, $146, and $3, respectively	$477.0K	$640.0K	$632.0K	$201.0K
Foreign currency translation adjustment	($3.2M)	$1.0M	($2.4M)	$4.2M
Unrealized gain (loss) on hedges, net of income taxes of ($90), $0, ($83) and $0, respectively	$294.0K	($131.0K)	$98.0K	($653.0K)
Comprehensive income (loss)	$1.2M	$24.0M	($2.1M)	$2.3M
Less: Comprehensive income (loss) attributable to noncontrolling interest	$211.0K	$80.0K	$191.0K	($82.0K)
Comprehensive income (loss) attributable to Twin Disc, Incorporated	$956.0K	$23.9M	($2.3M)	$2.2M

Balance sheet

Twin Disc Incorporated balance sheet, fiscal years

Line item	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2022 · FY	Jun 30, 2021 · FY
Cash	$16.1M	$20.1M	$12.5M	$12.3M
Trade accounts receivable, net	$58.9M	$52.2M	$45.5M	$39.5M
Inventory, Net	$184.1M	$130.5M	$127.1M	$115.0M
Other current assets	$19.9M	$8.2M	$8.6M	$9.9M
Total current assets	$279.0M	$219.6M	$204.5M	$192.0M
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	$69.6M	$58.1M	$41.6M	$45.5M
Right-of-use operating lease assets	$17.3M	$16.6M	$12.7M	$14.7M
Goodwill	$2.9M	—	—	—
Intangible assets, net	$13.4M	$12.7M	$13.0M	$17.5M
Deferred income tax assets	$2.8M	$2.3M	$2.2M	$2.5M
Other noncurrent assets	$2.8M	$2.7M	$2.6M	$3.3M
Total assets	$387.7M	$312.1M	$276.5M	$275.4M
Current maturities of long-term debt	$3.0M	$2.0M	$2.0M	$2.0M
Current maturities of right-of use operating lease obligations	$3.4M	—	—	—
Accounts payable, current	$38.7M	$32.6M	$28.5M	$31.0M
Accrued Liabilities, Current	$80.7M	$64.9M	$50.5M	$45.5M
Total current liabilities	$125.8M	$99.5M	$81.1M	$78.6M
Long-term debt	$28.4M	$23.8M	$34.5M	$30.1M
Right-of use operating lease liabilities, non-current	$14.4M	$14.4M	$10.6M	$12.9M
Accrued retirement benefits, current	$11.8M	$7.9M	$10.0M	$11.2M
Deferred income tax liabilities	$4.3M	$5.3M	$3.8M	$5.0M
Other Liabilities, Noncurrent	$6.4M	$6.1M	$5.4M	$7.0M
Total liabilities	$191.2M	$157.0M	$145.3M	$144.8M
Preferred shares authorized: 200,000; issued: none; no par value	0	0	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	42.3M	41.8M	42.6M	41.0M
Retained earnings	$157.5M	$129.6M	$109.9M	$126.9M
Accumulated other comprehensive income (loss)	$3.7M	($6.9M)	($7.0M)	($22.6M)
Equity before treasury stock	$203.5M	$164.5M	$145.5M	$145.3M
Less treasury stock, at cost (209,263 and 482,181 shares, respectively)	7.4M	9.8M	14.7M	—
Total Twin Disc, Incorporated shareholders' equity	$196.1M	$154.7M	$130.8M	$130.2M
Noncontrolling interest	$380.0K	$352.0K	$412.0K	$450.0K
Total equity	$196.5M	$155.1M	$131.2M	$130.7M
Total liabilities and equity	$387.7M	$312.1M	$276.5M	$275.4M

Twin Disc Incorporated balance sheet, quarters

Line item	Mar 27, 2026	Dec 26, 2025	Sep 26, 2025	Mar 28, 2025
Cash	$16.1M	$14.9M	$14.2M	$16.2M
Trade accounts receivable, net	$64.1M	$53.6M	$64.0M	$57.3M
Inventories, net	$160.3M	$163.2M	$158.3M	$138.0M
Other current assets	$19.9M	$20.2M	$18.1M	$20.5M
Total current assets	$260.4M	$251.9M	$254.5M	$232.0M
Property, plant and equipment, net	$70.0M	$71.4M	$70.2M	$63.7M
Right-of-use assets operating lease assets	$15.6M	$15.9M	$16.3M	$17.0M
Goodwill	$2.8M	$2.9M	$2.8M	$2.1M
Intangible assets, net	$12.7M	$12.2M	$12.6M	$12.9M
Deferred income taxes	$27.2M	$27.6M	$4.3M	$2.5M
Other noncurrent assets	$2.2M	$2.2M	$2.8M	$2.7M
Total assets	$391.0M	$384.0M	$363.5M	$332.9M
Current maturities of long-term debt	$3.0M	$3.0M	$3.0M	$3.0M
Current maturities of right-of-use operating lease obligations	$3.7M	$3.4M	$3.3M	$3.2M
Accounts payable	$36.5M	$36.7M	$37.1M	$31.6M
Accrued liabilities	$81.1M	$75.4M	$78.8M	$72.1M
Total current liabilities	$124.3M	$118.5M	$122.2M	$109.9M
Long-term debt	$42.1M	$41.5M	$40.7M	$37.8M
Right-of-use lease obligations	$12.4M	$12.9M	$13.5M	$14.3M
Accrued retirement benefits	$11.6M	$11.7M	$11.7M	$9.6M
Deferred income taxes	$5.4M	$5.6M	$5.6M	$4.8M
Other long-term liabilities	$8.6M	$8.6M	$9.0M	$6.3M
Total liabilities	$204.5M	$198.8M	$202.6M	$182.7M
Preferred shares authorized: 200,000; issued: none; no par value	0	0	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	38.9M	38.1M	37.8M	40.9M
Retained earnings	$148.9M	$146.1M	$124.3M	$124.6M
Accumulated other comprehensive income (loss)	$1.1M	$3.5M	$1.9M	($8.6M)
Equity before treasury stock	$188.9M	$187.8M	$164.1M	$156.9M
Less treasury stock, at cost (209,975 and 482,181 shares, respectively)	3.2M	3.3M	3.8M	7.4M
Total Twin Disc, Incorporated shareholders' equity	$185.7M	$184.5M	$160.3M	$149.5M
Noncontrolling interest	$862.0K	$651.0K	$571.0K	$692.0K
Total equity	$186.5M	$185.2M	$160.9M	$150.2M
Total liabilities and equity	$391.0M	$384.0M	$363.5M	$332.9M

Cash flow statement

Twin Disc Incorporated cash flow statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net income (loss)	$27.6M	($1.6M)	$11.2M	$10.7M
Depreciation and amortization	$13.7M	$14.9M	$10.0M	$9.4M
Gain on sale of assets	($200.0K)	($98.0K)	($91.0K)	($4.3M)
Loss on write-down of industrial product inventory	$0	$1.6M	—	—
Restructuring charges	$139.0K	$39.0K	($82.0K)	$137.0K
Provision for deferred income taxes	($18.0M)	($1.6M)	($560.0K)	($634.0K)
Stock compensation expense	$3.8M	$4.1M	$3.4M	$3.0M
Other, net	($523.0K)	$1.2M	$387.0K	$201.0K
Trade accounts receivable, net	($9.0M)	($2.0M)	$9.5M	($8.4M)
Inventories, net	$3.3M	($9.7M)	$6.0M	($2.8M)
Other current assets	$1.2M	$2.7M	$2.0M	$476.0K
Accounts payable	($6.9M)	$2.4M	($5.2M)	$7.1M
Accrued liabilities	$5.4M	$12.5M	($755.0K)	$9.8M
Accrued retirement benefits	$2.4M	($456.0K)	($1.7M)	($1.8M)
Net cash provided (used) by operating activities	$22.9M	$24.0M	$33.7M	$22.9M
Acquisition of capital expenditures	($13.7M)	($15.2M)	($8.7M)	($7.9M)
Acquisition of Kobelt, less cash acquired	$0	($17.2M)	($23.2M)	—
Proceeds from sale of property, plant, and equipment	$235.0K	$147.0K	$0	$7.2M
Other, net	($671.0K)	($653.0K)	($184.0K)	$333.0K
Net cash provided (used) by investing activities	($14.1M)	($32.9M)	($32.1M)	($408.0K)
Borrowings under long-term debt agreement	$30.0M	$6.5M	—	—
Borrowings under revolving loan arrangements	$114.5M	$122.3M	$90.5M	$81.6M
Repayments of revolving loan arrangements	($131.9M)	($122.3M)	($81.1M)	($97.8M)
Repayments of other long-term debt	($13.5M)	($2.5M)	($2.0M)	($2.0M)
Payments of right-of-use finance lease obligations	($1.2M)	($1.1M)	($921.0K)	($621.0K)
Dividends paid to shareholders	($2.3M)	($2.3M)	($1.7M)	—
Dividends paid to noncontrolling interest	($457.0K)	($306.0K)	($254.0K)	($236.0K)
Cash used in net share settlement of restricted stock units	($11.0K)	—	—	—
Payments of withholding taxes on stock compensation	($1.7M)	($1.3M)	($1.8M)	($463.0K)
Net cash provided (used) by financing activities	($6.6M)	($965.0K)	$2.8M	($19.5M)
Net change in cash	($80.0K)	($4.0M)	$6.8M	$742.0K
Effect of exchange rate changes on cash	($2.2M)	$5.9M	$2.4M	($2.2M)
Beginning of period	$16.1M	$20.1M	$13.3M	$12.5M
End of period	$16.0M	$16.1M	$20.1M	$13.3M
Interest	$3.3M	$2.2M	$1.4M	$2.2M
Income tax	$5.8M	$3.8M	$1.7M	$3.6M

Twin Disc Incorporated cash flow statement, quarters

Line item	Mar 27, 2026 · YTD	Dec 26, 2025 · YTD	Sep 26, 2025 · Q1	Mar 28, 2025 · YTD
Net income (loss)	$25.6M	$22.1M	($412.0K)	($3.1M)
Depreciation and amortization	$10.2M	$6.8M	$3.5M	$10.2M
Gain on sale of assets	($200.0K)	$0	$0	($72.0K)
Loss on write-down of industrial product inventory	$0	$0	—	$1.6M
Provision for deferred income taxes	($23.1M)	($20.7M)	($403.0K)	($790.0K)
Stock compensation expense and other non-cash changes, net	$2.7M	$1.8M	$862.0K	$3.1M
Net change in operating assets and liabilities	($12.9M)	($12.9M)	($11.0M)	($3.6M)
Net cash provided (used) by operating activities	$2.3M	($3.0M)	($7.5M)	$7.5M
Acquisition of property, plant, and equipment	($10.3M)	($6.8M)	($3.4M)	($7.5M)
Acquisition of Kobelt, less cash acquired	$0	—	—	($16.3M)
Proceeds from sale of property, plant, and equipment	$228.0K	$0	$0	$102.0K
Other, net	($82.0K)	($67.0K)	($9.0K)	($274.0K)
Net cash provided (used) by investing activities	($10.2M)	($6.8M)	($3.4M)	($24.0M)
Borrowings under long-term debt agreement	$0	—	—	$6.5M
Borrowings under revolving loan arrangements	$91.4M	$66.5M	$40.4M	$95.7M
Repayments of revolving loan arrangements	($75.8M)	($52.6M)	($28.0M)	($86.4M)
Repayments of long-term borrowings	($1.5M)	—	—	($1.0M)
Dividends paid to shareholders	($1.7M)	($1.1M)	($566.0K)	($1.7M)
Payments of finance lease obligations	($1.0M)	($581.0K)	($284.0K)	($1.6M)
Cash used in net share settlement of restricted stock units	($11.0K)	($11.0K)	($11.0K)	—
Payments of withholding taxes on stock compensation	($1.7M)	($1.7M)	($1.7M)	($1.3M)
Net cash provided (used) by financing activities	$9.6M	$9.7M	$9.9M	$10.2M
Effect of exchange rate changes on cash	($1.8M)	($1.1M)	($773.0K)	$2.4M
Net change in cash	$5.0K	($1.2M)	($1.9M)	($3.8M)
Beginning of period	$16.1M	$16.1M	$16.1M	$20.1M
End of period	$16.1M	$14.9M	$14.2M	$16.2M

Twin Disc Incorporated score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.