Form 8-K

8-K — TWIN DISC INC

Accession: 0001437749-26-028596

Filed: 2026-08-20

Period: 2026-08-20

CIK: 0000100378

SIC: 3560 (GENERAL INDUSTRIAL MACHINERY & EQUIPMENT)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — twin20260818c_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_1006576.htm)

GRAPHIC (twinl.jpg)

GRAPHIC (twins.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: twin20260818c_8k.htm · Sequence: 1

twin20260818c_8k.htm

false

0000100378

2026-08-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) August 20, 2026

TWIN DISC, INCORPORATED

(exact name of registrant as specified in its charter)

Wisconsin

001-7635

39-0667110

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

222 East Erie Street, Suite 400 Milwaukee, Wisconsin53202

(Address of principal executive offices)

Registrant's telephone number, including area code: (262) 638-4000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class

Trading Symbol(s)

Name of each exchange on

which registered

Common Stock (No Par Value)

TWIN

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition

Twin Disc, Incorporated (the “Company”) has reported its fourth quarter and full year 2026 financial results. The Company's press release dated August 20, 2026 announcing the results is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.

The information set forth in this Item 2.02 of Form 8-K, including Exhibit 99.1, is furnished pursuant to Item 2.02 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 7.01 Regulation FD Disclosure

The information set forth under Item 2.02 of this report is incorporated herein by reference solely for the purposes of this Item 7.01.

The information set forth in this Item 7.01 of Form 8-K is furnished pursuant to Item 7.01 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

FORWARD LOOKING STATEMENTS

The disclosures in this report on Form 8-K and in the documents incorporated herein by reference contain or may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believes,” “expects,” “intends,” “plans,” “anticipates,” “hopes,” “likely,” “will,” and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company (or entities in which the Company has interests), or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. Certain factors that could cause the Company’s actual future results to differ materially from those discussed are noted in connection with such statements, but other unanticipated factors could arise. Certain risks regarding the Company’s forward-looking statement are discussed in the Company’s filings with the Securities and Exchange Commission, including an extensive discussion of these risks in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Readers are cautioned not to place undue reliance on these forward-looking statements which reflect management’s view only as of the date of this Form 8-K. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions or circumstances.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

EXHIBIT NUMBER

DESCRIPTION

99.1

Press Release announcing fourth quarter and full year 2026 financial results.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 20, 2026

Twin Disc, Inc.

/s/ JEFFREY S. KNUTSON

Jeffrey S. Knutson

Vice President-Finance, Chief Financial

Officer, Treasurer & Secretary

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_1006576.htm · Sequence: 2

ex_1006576.htm

Exhibit 99.1

Twin Disc Announces Full Year and Fourth Quarter 2026 Results

MILWAUKEE, Wis., August 20, 2026 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN) today reported results for the fourth quarter and full fiscal year ended June 30, 2026.

Fiscal Full Year 2026 Highlights

●

Sales increased 11.9% year-over-year to $381.3 million

●

Net income attributable to Twin Disc was $27.1 million

●

EBITDA* of $29.9 million, including a currency translation gain of $1.7 million

●

Operating cash flow of $22.9 million and Free cash flow* of $9.2 million

●

Six-month backlog of $178.3 million

Fiscal Fourth Quarter 2026 Highlights

●

Sales increased 18.3% year-over-year to $114.4 million

●

Net income attributable to Twin Disc was $9.4 million

●

EBITDA* of $11.1 million, including a currency translation gain of $0.8 million

●

Operating cash flow of $20.6 million and Free cash flow* of $17.2 million

CEO Perspective

John H. Batten, President and Chief Executive Officer of Twin Disc, commented, “We closed fiscal 2026 with record fourth quarter revenue, solid profitability, and enhanced free cash flow generation, building on the strong demand and order momentum that we saw throughout the fiscal year. Fourth quarter 2026 sales grew 18%, reflecting the continued strength of our Marine and Propulsion products, accelerating Defense activity, and enhanced performance from Oil and Gas, which is trending positively as we prioritize higher margin e-frac opportunities. Defense in particular continues to be a key structural growth driver for us supported by increasing demand from customers including the US Navy and NATO.

“Our six-month backlog remained level in the quarter despite strong shipments and a concerted effort to reduce past due backlog,” Mr. Batten continued. “Our near-term outlook remains strong and continues to be supported by a robust project pipeline and momentum in the markets that we serve.

“As we move into fiscal 2027, we are well positioned with strong demand, a healthy backlog and growing pipeline, and free cash flow to continue investing in the long-term growth of our business. We remain focused on the disciplined execution of our strategy and are highly encouraged by the growth opportunities ahead of us,” Mr. Batten concluded.

Change in Inventory Accounting Method

During the fourth quarter of fiscal 2026, the Company elected to change its method of accounting for certain inventories from the last-in, first out (LIFO) method to the first-in, first out (FIFO) method. The change to the FIFO method of accounting for these inventories is preferable because it provides better matching of costs and revenues, conforms the Company's inventory to a single method of accounting and improves comparability with the Company's peers. The impact of the change in inventory accounting as reported under the FIFO method was a $32.1 million increase in inventory for the fiscal year ended June 30, 2025, and the amounts in this press release reflect the impact of this accounting change. To provide historical information on a basis consistent with the change to FIFO, the Company has recast certain historical information to conform to the updated method of inventory accounting in the financial tables of this press release.

Fourth Quarter and Full-Year Results

Sales for the fiscal 2026 fourth quarter increased 18.3% year-over-year to $114.4 million and fiscal 2026 sales increased 11.9% to $381.3 million. Fourth quarter and full year sales growth were both driven by demand for the Company’s Land-Based Transmissions markets, with strength in Marine and Propulsion Systems supporting full year sales, in addition to a stabilization in the Industrial segment. On an organic basis, which excludes the impacts of acquisitions and foreign currency exchange, revenue increased 15.9% in the quarter and increased 4.6% for the full year.

Sales by product group (certain amounts have been reclassified from Marine and Propulsion to Other):

Product Group

(Thousands of $):

Q4 FY26 Sales

Q4 FY25 Sales

Change (%)

Marine and Propulsion Systems

63,596

53,010

20.00

Land-Based Transmissions

32,962

26,122

26.20

Industrial

12,934

13,141

-1.60

Other

4,908

4,405

11.40

Total

114,400

96,678

18.30

Product Group

(Thousands of $):

FY26 Sales

FY25 Sales

Change (%)

Marine and Propulsion Systems

227,675

201,101

13.20

Land-Based Transmissions

89,698

80,192

11.90

Industrial

46,067

41,502

11.00

Other

17,830

17,943

-0.60

Total

381,270

340,738

11.90

For fiscal 2026, Twin Disc delivered double-digit sales growth year-over-year in the European and North American regions including the impact of acquisitions. The distribution of sales across geographical regions remained consistent, with the majority of sales coming from Europe, followed by North America, Asia Pacific, and Latin America.

Considering the impact of the change to the FIFO method of accounting for inventory (an increase to prior year gross profit of approximately $1.2 million), gross profit decreased 3.5% to $30.1 million compared to $31.2 million for the fourth quarter of fiscal 2025. Fourth quarter gross margin decreased approximately 600 basis points to 26.3% from the prior year period, primarily related to product mix and a favorable adjustment of $3.0 million in the prior year fourth quarter. For fiscal 2026, gross profit increased 9.2% to $102.6 million. For the fiscal 2026 full year, gross margin decreased approximately 70 basis points to 26.9%, primarily related to product mix and tariff dilution.

Marketing, engineering and administrative (ME&A) expense decreased by $2.5 million, or 10.0%, to $22.2 million, compared to $24.6 million in the prior year quarter. The decreased ME&A expense was primarily driven by reduced global bonus expense, lower depreciation, and amortization, and the favorable impact of broad-based spending controls. For the fiscal 2026 full year, ME&A expense increased 2.5% to $84.5 million, as positive operational leverage and cost controls were partially offset by the addition of Kobelt, a currency impact, and inflationary impact on wages and benefits.

Considering the impact of the change to the FIFO method of accounting for inventory, net income attributable to Twin Disc for the quarter was $9.4 million, or $0.64 per diluted share, compared to net income attributable to Twin Disc of $2.6 million, or $0.19 per diluted share, for the fourth fiscal quarter of 2025. The year-over-year increase was driven by lower other expense in the fourth quarter of 2026 compared to the fourth quarter of 2025. For fiscal 2026, the Company generated net income attributable to Twin Disc of $27.1 million, or $1.86 per diluted share, compared with a net loss attributable to Twin Disc of $697,000, or a loss of $0.05 per diluted share for fiscal 2025. Included in net income attributable to Twin Disc in fiscal 2026 was an income tax benefit of $14.0 million related to the reversal of the domestic valuation allowance. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $11.1 million in the fourth quarter, up 35.1% compared to the fourth quarter of fiscal 2025. Full year fiscal 2026 EBITDA increased 48.0% to $29.9 million from $20.2 million in fiscal 2025.

On a consolidated basis, the backlog of orders to be shipped over the next six months is approximately $178.3 million at the end of the fourth quarter of 2026, compared to $179.5 million at the end of the third quarter. Considering the impact of the change to the FIFO method of accounting for inventory, as a percentage of six-month backlog, inventory decreased from 107.2% at the end of the third quarter, to 99.9% at the end of the fourth quarter. Compared to the end of fiscal 2025, cash decreased 0.6% to $16.0 million, total debt decreased 5.2% to $29.8 million, and net debt* decreased $1.5 million to $13.8 million. The decrease in total debt was primarily attributable to positive free cash flow.

CFO Perspective

Jeffrey S. Knutson, Vice President of Finance, Chief Financial Officer, Treasurer, and Secretary, stated, “Our fourth quarter results capped off a year of strong sales performance, profitability, and cash flow generation that were aligned with our long-term goals and targets. EBITDA grew 35% over the fourth quarter of last year, and we recognized strong free cash flow of $17.2 million in the quarter. While our fourth quarter operating margin was consistent with the fourth quarter of 2025, gross margins were lower primarily related to product mix, tariff dilution and a prior year favorable adjustment. We remain confident that gross margins will improve over the long-term as we continue to diversify our end markets and recognize enhanced operating leverage. Looking ahead, we believe that we are well positioned to drive backlog conversion, margin improvement, and strong free cash flow generation, and our new $90 million credit facility with BMO and JP Morgan provides us with the financial flexibility to capitalize on growth opportunities as we continue to expand into high margin verticals.”

Discussion of Results

Twin Disc will host a conference call to discuss these results and to answer questions at 9:00 a.m. Eastern time on August 20, 2026. The live audio webcast will be available on Twin Disc’s website at https://ir.twindisc.com. To participate in the conference call, please dial (646) 307-1963 approximately ten minutes before the call is scheduled to begin. A replay of the webcast will be available at https://ir.twindisc.com shortly after the call until August 21, 2027.

About Twin Disc

Twin Disc, Inc. designs, manufactures, and sells marine and heavy-duty off-highway power transmission equipment. Products offered include: marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, control systems, and braking systems. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government, military and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. For more information, please visit www.twindisc.com.

Forward-Looking Statements

This press release may contain statements that are forward looking as defined by the Securities and Exchange Commission in its rules, regulations, and releases. The words “anticipates,” “believes,” “intends,” “estimates,” and “expects,” or similar anticipatory expressions, usually identify forward-looking statements. The Company intends that such forward-looking statements qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. All forward-looking statements are based on current expectations and are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from current expectations. Such risks and uncertainties include the impact of general economic conditions and the cyclical nature of many of the Company’s product markets; foreign currency risks and other risks associated with the Company’s international sales and operations; the ability of the Company to successfully implement price increases to offset increasing commodity costs; the ability of the Company to generate sufficient cash to pay its indebtedness as it becomes due; and the possibility of unforeseen tax consequences and the impact of tax reform in the U.S. or other jurisdictions. These and other risks are described under the caption “Risk Factors” in Item 1A of the Company’s most recent Form 10-K filed with the Securities and Exchange Commission, as supplemented in subsequent periodic reports filed with the Securities and Exchange Commission. Accordingly, the making of such statements should not be regarded as a representation by the Company or any other person that the results expressed therein will be achieved. The Company assumes no obligation, and disclaims any obligation, to publicly update or revise any forward-looking statements to reflect subsequent events, new information, or otherwise.

*Non-GAAP Financial Information

Financial information excluding the impact of asset impairments, restructuring charges, foreign currency exchange rate changes and the impact of acquisitions, if any, in this press release are not measures that are defined in U.S. Generally Accepted Accounting Principles (“GAAP”). These items are measures that management believes are important to adjust for in order to have a meaningful comparison to prior and future periods and to provide a basis for future projections and for estimating our earnings growth prospects. Non-GAAP measures are used by management as a performance measure to judge profitability of our business absent the impact of foreign currency exchange rate changes and acquisitions. Management analyzes the company’s business performance and trends excluding these amounts. These measures, as well as EBITDA, provide a more consistent view of performance than the closest GAAP equivalent for management and investors. Management compensates for this by using these measures in combination with the GAAP measures. The presentation of the non-GAAP measures in this press release are made alongside the most directly comparable GAAP measures.

Definitions

Organic net sales is defined as net sales excluding the recent acquisition of Kobelt while adjusting for the effects of foreign currency exchange.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) is calculated as net earnings or loss excluding interest expense, the provision or benefit for income taxes, depreciation, and amortization expenses.

Net debt is calculated as total debt less cash.

Free cash flow is calculated as net cash provided (used) by operating activities less acquisition of fixed assets.

Investors:

IMS Investor Relations

Source: Twin Disc, Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME (LOSS)

(In thousands, except per-share data; unaudited)

For the Quarter Ended

For the Year Ended

As Adjusted

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net sales

114,400

96,678

381,270

340,738

Cost of goods sold

84,273

65,463

278,710

245,236

Cost of goods sold - other

1,579

Gross profit

30,127

31,215

102,560

93,923

Marketing, engineering and administrative expenses

22,157

24,621

84,455

82,431

Restructuring expenses

366

408

Other operating income

(221

)

Income (loss) from operations

7,815

6,542

17,960

11,084

Other income (expense):

Interest expense

(715

)

(855

)

(3,078

)

(2,646

)

Other income (expense), net

(168

)

(2,946

)

(1,286

)

(5,472

)

(883

)

(3,801

)

(4,364

)

(8,118

)

Income (loss) before income taxes and noncontrolling interest

6,932

2,741

13,596

2,966

Income tax benefit (expense)

2,477

(47

)

13,974

(3,368

)

Net income (loss)

9,409

2,694

27,570

(402

)

Less: Net income (loss) attributable to noncontrolling interest, net of tax

493

295

Net income (loss) attributable to Twin Disc, Incorporated

9,360

2,622

27,077

(697

)

Dividends per share

0.04

0.16

Earnings (loss) per share data:

Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders

0.66

0.19

1.92

(0.05

)

Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders

0.64

0.19

1.86

(0.05

)

Weighted average shares outstanding data:

Basic shares outstanding

14,199

13,897

14,119

13,856

Diluted shares outstanding

14,666

13,938

14,586

13,856

Comprehensive income (loss)

Net income (loss)

9,409

2,694

27,570

(402

)

Benefit plan adjustments, net of income taxes of $146, ($5), $145, and ($3), respectively

959

(2,153

)

2,708

(3,399

)

Foreign currency translation adjustment

(1,566

)

15,885

(6,129

)

15,924

Unrealized gain (loss) on hedges, net of income taxes of ($90), $0, ($83) and $0, respectively

(416

)

(1,491

)

(155

)

(1,851

)

Comprehensive income (loss)

8,386

14,935

23,994

10,272

Less: Comprehensive income (loss) attributable to noncontrolling interest

(123

)

359

334

Comprehensive income (loss) attributable to Twin Disc, Incorporated

8,509

14,941

23,635

9,938

RECONCILIATION OF CONSOLIDATED NET INCOME (LOSS) TO EBITDA

(In thousands; unaudited)

For the Quarter Ended

For the Year Ended

As Adjusted

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net income (loss) attributable to Twin Disc, Incorporated

9,360

2,622

27,077

(697

)

Interest expense

715

855

3,078

2,646

Income tax expense (benefit)

(2,477

)

(13,974

)

3,368

Depreciation and amortization

3,520

4,705

13,746

14,899

Earnings before interest, taxes, depreciation and amortization (EBITDA)

11,118

8,229

29,927

20,216

RECONCILIATION OF NET CASH PROVIDED (USED) BY OPERATING

ACTIVITIES TO FREE CASH FLOW

(In thousands; unaudited)

For the Quarter Ended

For the Years Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net cash provided (used) by operating activities

20,562

16,448

22,899

23,979

Acquisition of capital expenditures

(3,407

)

(7,705

)

(13,713

)

(15,157

)

Free cash flow

17,155

8,743

9,186

8,822

RECONCILIATION OF TOTAL DEBT TO NET DEBT

(In thousands; unaudited)

June 30, 2026

June 30, 2025

Current maturities of long-term debt

1,500

3,000

Long-term debt

28,310

28,446

Total debt

29,810

31,446

Less cash

16,029

16,109

Net debt

13,781

15,337

RECONCILIATION OF REPORTED NET SALES TO ORGANIC NET SALES

(In thousands; unaudited)

For the Year Ended

June 30, 2026

June 30, 2025

Net Sales

381,270

340,738

Less: Acquisition

7,550

Less: Foreign Currency Impact

17,225

Organic Net Sales

356,495

340,738

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands; except share amounts, unaudited)

As Adjusted

June 30, 2026

June 30, 2025

ASSETS

Current assets:

Cash

16,029

16,109

Trade accounts receivable, net

66,761

58,941

Inventories, net

178,028

184,085

Other current assets

17,397

19,914

Total current assets

278,215

279,049

Property, plant and equipment, net

68,094

69,576

Right-of-use assets operating lease assets

14,730

17,250

Goodwill

2,772

2,892

Intangible assets, net

14,121

13,361

Deferred income taxes

21,093

2,812

Other noncurrent assets

2,220

2,756

Total assets

401,245

387,696

LIABILITIES AND EQUITY

Current liabilities:

Current maturities of long-term debt

1,500

3,000

Current maturities of right-of-use operating lease obligations

3,527

3,393

Accounts payable

30,809

38,745

Accrued liabilities

82,739

80,655

Total current liabilities

118,575

125,793

Long-term debt

28,310

28,446

Right-of-use lease obligations

11,691

14,357

Accrued retirement benefits

10,429

11,832

Deferred income taxes

4,480

4,320

Other long-term liabilities

7,824

6,423

Total liabilities

181,309

191,171

Twin Disc, Incorporated shareholders' equity:

Preferred shares authorized: 200,000; issued: none; no par value

Common shares authorized: 30,000,000; issued: 14,632,802; no par value

40,252

42,269

Retained earnings

182,340

157,548

Accumulated other comprehensive income (loss)

288

3,730

222,880

203,547

Less treasury stock, at cost (209,975 and 482,181 shares, respectively)

3,226

7,402

Total Twin Disc, Incorporated shareholders' equity

219,654

196,145

Noncontrolling interest

282

380

Total equity

219,936

196,525

Total liabilities and equity

401,245

387,696

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands; unaudited)

For the Year Ended

As Adjusted

June 30, 2026

June 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income (loss)

27,570

(402

)

Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:

Depreciation and amortization

13,746

14,899

Gain on sale of assets

(200

)

(98

)

Loss on write-down of industrial product inventory

1,579

Restructuring charges

139

Provision for deferred income taxes

(18,046

)

(1,581

)

Stock compensation expense and other non-cash changes, net

3,322

5,333

Net change in operating assets and liabilities

(3,632

)

4,210

Net cash provided (used) by operating activities

22,899

23,979

CASH FLOWS FROM INVESTING ACTIVITIES:

Acquisition of capital expenditures

(13,713

)

(15,157

)

Acquisition of Kobelt, less cash acquired

(17,236

)

Proceeds from sale of property, plant, and equipment

235

147

Other, net

(671

)

(653

)

Net cash provided (used) by investing activities

(14,149

)

(32,899

)

CASH FLOWS FROM FINANCING ACTIVITIES:

Borrowings under long-term debt agreement

30,000

6,500

Borrowings under revolving loan arrangements

114,526

122,264

Repayments of revolving loan arrangements

(131,941

)

(122,264

)

Repayments of other long-term debt

(13,500

)

(2,500

)

Payments of right-of-use finance lease obligations

(1,246

)

(1,119

)

Dividends paid to shareholders

(2,285

)

(2,284

)

Dividends paid to noncontrolling interest

(457

)

(306

)

Cash used in net share settlement of restricted stock units

(11

)

Payments of withholding taxes on stock compensation

(1,675

)

(1,256

)

Net cash provided (used) by financing activities

(6,589

)

(965

)

Effect of exchange rate changes on cash

(2,241

)

5,924

Net change in cash

(80

)

(3,961

)

Cash:

Beginning of period

16,109

20,070

End of period

16,029

16,109

GRAPHIC

Filename: twinl.jpg · Sequence: 7

Binary file (5926 bytes)

Download twinl.jpg

GRAPHIC

Filename: twins.jpg · Sequence: 8

Binary file (2966 bytes)

Download twins.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 10

v3.26.1

Document And Entity Information

Aug. 20, 2026

Document Information [Line Items]

Entity, Registrant Name

TWIN DISC, INCORPORATED

Document, Type

8-K

Document, Period End Date

Aug. 20, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

001-7635

Entity, Tax Identification Number

39-0667110

Entity, Address, Address Line One

222 East Erie Street, Suite 400

Entity, Address, City or Town

Milwaukee

Entity, Address, State or Province

Entity, Address, Postal Zip Code

53202

City Area Code

262

Local Phone Number

638-4000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock

Trading Symbol

TWIN

Security Exchange Name

NASDAQ

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0000100378

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration