TWIN
Twin Disc, Incorporated15.71
-0.01-0.03%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Tariff fixes detailed; H2 growth eyed
Q&A offered granular color on tariff mitigations, with CEO detailing ARF transmission assembly shift to Lufkin's free trade zone to dodge 50% duties on Indian parts--a 10-point gross margin hit on those units, but FY27 relief only as ARF mix shrinks in H2. Management expects solid H2 revenue growth amid easier comps, though tariffs stay unpredictable; CFO pinned Q2 margin noise to 110bps from invoiced tariffs, Finland delays, and quality snags. Defense backlog gains traced to Navy unmanned vessels and NATO 6x6/8x8 orders via Finland. China oil & gas surprised with a budget-busting order post-Venezuela. Q&A reaffirmed scripted resilience. Investors watch H2 backlog conversion.
Key Stats
Market Cap
226.07MP/E (TTM)
785.50Basic EPS (TTM)
0.02Dividend Yield
0.01%Recent Filings
10-Q
Q2 FY2026 results
Twin Disc posted Q2 FY2026 net sales of $90.2M, up 0.3% y/y yet down from Q1's stronger pace, with gross margin edging to 24.8% on better mix despite tariff hits. Operating income slipped to $2.1M from $2.8M y/y, but diluted EPS exploded to $1.55 on a $21.8M tax benefit from releasing the full domestic valuation allowance—reconciling cleanly to 14,389 diluted shares. Kobelt acquisition closed February 2025 for undisclosed cash, adding $3.2M revenue to manufacturing. Cash sits at $14.9M with $44.5M debt (revolver/term due 2027) and $13.6M availability. Backlog hit $175.3M. Tariffs crimp marine shipments.
8-K
Investor presentation filed
Twin Disc filed investor presentation materials under Item 7.01 on February 4, 2026, for use at upcoming meetings and conferences; these will post on www.twindisc.com but won't update. Materials feature non-GAAP metrics without full reconciliation and forward-looking statements carrying standard risks. No core business details disclosed.
8-K
Q2 sales up slightly, backlog records high
10-Q
Q1 FY2026 results
Twin Disc posted Q1 FY2026 net sales of $80M, up 9.7% y/y from $72.9M, fueled by Kobelt acquisition (closed Feb 2025 for cash/stock per Note K to finance via amended credit agreement) adding $3.1M and Veth propulsion demand; marine/propulsion jumped 14.6% y/y to $48.2M. Gross margin expanded to 28.7% from 26.5%, driving operating income to $2.2M from a $0.2M loss, though taxes and other expenses flipped net to $(0.5M) or $(0.04) diluted EPS (reconciles to 13,961K shares). Cash fell to $14.2M on $(7.5M) operating outflow, with $43.7M debt (term/revolver due Apr 2027) and $16M availability. Backlog hit $163M. Foreign exchange swings hit hard.
8-K
Investor presentation filed
Twin Disc filed investor presentation materials under Item 7.01 on November 5, 2025, for use at upcoming meetings and conferences; these will post to www.twindisc.com but won't update. Materials feature non-GAAP metrics—undefined and unreconciled here—and forward-looking statements carrying standard risks. No core business details disclosed.
IPO
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