TWIN DISC Reports 10.5% Increase in Revenue for Fiscal Year Ending June 30 2023, Totaling USD 83.9 Million
August 30, 2023
☀️Earnings Overview
For the fiscal year ending June 30 2023, TWIN DISC ($NASDAQ:TWIN) reported total revenue of USD 83.9 million, a 10.5% increase from the same period in the prior year. Net income for the fourth quarter was USD 8.6 million, representing a 10.5% year-on-year growth. This earnings report was made public on August 16 2023.
Analysis
GoodWhale has conducted an in-depth analysis of TWIN DISC‘s well-being, and the results are not as positive as hoped. Risk Rating gave TWIN DISC a high-risk label in terms of financial and business aspects. Specifically, GoodWhale detected two risk warnings in the income sheet and balance sheet. If you’re interested in learning more about the company’s performance and risks, register with us to get the details. We will provide you with all the information you need to make an informed decision on whether to invest in TWIN DISC or not. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Twin Disc. More…
| Total Revenues | Net Income | Net Margin |
| 276.96 | 10.38 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Twin Disc. More…
| Operations | Investing | Financing |
| 22.9 | -0.41 | -19.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Twin Disc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 289.18 | 143.66 | 10.5 |
Key Ratios Snapshot
Some of the financial key ratios for Twin Disc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | -15.2% | 6.0% |
| FCF Margin | ROE | ROA |
| 5.4% | 7.4% | 3.6% |
Peers
The company’s products are used in a variety of applications, including pleasure craft, workboats, and military vessels. Twin Disc also manufactures and sells a line of clutches and steering products for the automotive and off-highway markets. The company has a long history dating back to 1918, when it was founded in Racine, Wisconsin. Today, Twin Disc is a publicly traded company with nearly 1,200 employees worldwide. The company’s products are sold through a network of more than 1,000 dealers and distributors in more than 100 countries.
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Summary
TWIN DISC has seen a steady increase in earnings year-over-year, with total revenue of USD 83.9 million for the fiscal year ending June 30 2023, a 10.5% increase over the previous year. Net income for the fourth quarter has also increased 10.5%, reaching USD 8.6 million. With these positive results, investors may be interested in TWIN DISC as a potential investment opportunity. The company’s steady growth suggests that it is well-positioned to continue to generate returns in the future.
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