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TWINNasdaq
TWIN DISC INC
General Industrial Machinery & Equipment · WI · CIK 100378
Designs, manufactures, and sells marine and heavy-duty off-highway power transmission equipment
$289M
Market cap
$23.54
Last close
-2.7%
1D
+5.7%
5D
333K
Volume
Price · last 39 sessions+56.6%
May 4L $15.03 · H $24.19Jun 29
360
Total filings
May 6, 2026
Last filing
06/30
Fiscal year end
10-QFORM 10-QMay 6, 20268-KReg FD DisclosureMay 6, 20268-KResults of Operations · Reg FD DisclosureMay 6, 202610-QFORM 10-QFeb 4, 20268-KReg FD DisclosureFeb 4, 20268-KResults of Operations · Reg FD DisclosureFeb 4, 202610-QFORM 10-QNov 5, 20258-KReg FD DisclosureNov 5, 20258-KResults of Operations · Reg FD DisclosureNov 5, 20258-KShareholder Vote · Company UpdateNov 4, 2025DEFA14AFORM DEFA14ASep 15, 2025DEF 14AFORM DEF 14ASep 15, 202510-KFORM 10-KSep 5, 20258-KReg FD DisclosureAug 26, 20258-KReg FD DisclosureAug 21, 20258-KResults of Operations · Reg FD DisclosureAug 21, 20258-KExecutive ChangeAug 12, 202510-QFORM 10-QMay 7, 20258-KReg FD DisclosureMay 7, 20258-KResults of Operations · Reg FD DisclosureMay 7, 20258-KMaterial Agreement · New Debt / ObligationFeb 18, 202510-QFORM 10-QFeb 5, 20258-KReg FD DisclosureFeb 5, 20258-KResults of Operations · Reg FD DisclosureFeb 5, 202510-QFORM 10-QNov 6, 20248-KReg FD DisclosureNov 6, 20248-KResults of Operations · Reg FD DisclosureNov 6, 20248-KShareholder Vote · Company UpdateNov 6, 2024DEF 14AFORM DEF 14ASep 13, 202410-KFORM 10-KSep 6, 20248-KResults of Operations · Reg FD DisclosureAug 15, 20248-KReg FD DisclosureAug 15, 20248-KExecutive ChangeAug 6, 2024SC 13GSC 13GJun 26, 20248-KCompany UpdateMay 31, 202410-QFORM 10-QMay 8, 20248-KReg FD DisclosureApr 30, 20248-KResults of Operations · Reg FD DisclosureApr 30, 20248-KMaterial AgreementApr 2, 20248-KMaterial Agreement · Reg FD DisclosureMar 6, 202410-QFORM 10-QFeb 7, 20248-KResults of Operations · Reg FD DisclosureFeb 7, 20248-KReg FD DisclosureFeb 7, 202410-QFORM 10-QNov 8, 20238-KResults of Operations · Reg FD DisclosureNov 2, 20238-KShareholder Vote · Company UpdateNov 1, 2023DEF 14AFORM DEF 14ASep 8, 202310-KFORM 10-KSep 8, 20238-KResults of Operations · Reg FD DisclosureAug 16, 20238-KReg FD DisclosureAug 16, 20238-KExecutive ChangeAug 9, 20238-KReg FD DisclosureJun 14, 202310-QFORM 10-QMay 10, 20238-KResults of Operations · Reg FD DisclosureApr 28, 20238-KReg FD DisclosureApr 28, 20238-KReg FD DisclosureFeb 23, 202310-QFORM 10-QFeb 8, 20238-KResults of Operations · Reg FD DisclosureFeb 3, 20238-KReg FD DisclosureNov 10, 202210-QFORM 10-QNov 9, 20228-KResults of Operations · Reg FD DisclosureNov 4, 20228-KShareholder Vote · Company UpdateOct 31, 2022SC 13GSC 13GOct 20, 20228-KMaterial Agreement · Reg FD DisclosureSep 15, 2022DEF 14AFORM DEF 14ASep 8, 202210-KFORM 10-KSep 8, 20228-KAgreement TerminatedSep 2, 20228-KResults of Operations · Reg FD DisclosureSep 1, 20228-KExecutive ChangeAug 8, 20228-KMaterial AgreementJul 6, 20228-KResults of Operations · Reg FD DisclosureMay 4, 202210-QFORM 10-QMay 4, 20228-KMaterial Agreement · Reg FD DisclosureMar 15, 20228-KMaterial AgreementMar 4, 202210-QFORM 10-QFeb 9, 20228-KExecutive ChangeFeb 7, 20228-KResults of Operations · Reg FD DisclosureFeb 2, 202210-QFORM 10-QNov 3, 20218-KExecutive Change · Results of OperationsOct 29, 20218-KMaterial Agreement · Company UpdateOct 5, 2021
What Changed
Risk factors · Sep 6, 2024 → Sep 5, 202510 added · 15 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- The combination of the businesses will require significant management attention, and the Company may incur significant additional integration costs because of integration difficulties and other challenges. 9 As a result of the acquisition of Katsa and Kobelt, the Company carries a significant amount of intangible assets, but it may never fully realize the full value of these assets.
- It obtained formal forgiveness of the full amount of the loan on June 16, 2021, and accounted for the forgiveness as income from extinguishment of loan in its statement of operations for the year ended June 30, 2021.
- Additional risks not currently known, deemed immaterial or that could apply to any issuer may also result in adverse results for the Company’s business. 5 As a global Company, the Company is subject to currency fluctuations and a significant movement between the U.S. dollar and the euro exchange rate, in particular, could have an adverse effect on its profitability.
- The termination of relationships with the Company ’ s suppliers, or the inability of such suppliers to perform, could disrupt its business and have an adverse effect on its ability to manufacture and deliver products.
- The Company entered into an amended and restated credit agreement on February 14, 2025.
- While the loan has been formally forgiven, under the terms of the PPP loan, the Company remains subject to an audit by the Small Business Administration (“SBA”) for a period of six years after forgiveness.
- These challenges, together with other challenges associated with operating an international business, may adversely affect our ability to recognize revenue and our other operating results.
- Security breaches and other disruptions could compromise the Company ’ s information system and expose the Company to liabilities, which would cause its business and reputation to suffer.
- Certain of the Company ’ s products are directly or indirectly used in oil exploration and oil drilling and are thus dependent upon the strength of those markets and oil prices.
- A material disruption at one of the Company ’ s largest manufacturing facilities could adversely affect its ability to generate sales and meet customer demand.
No longer disclosed
- In March 2020, the World Health Organization (“WHO”) declared that a new strain of coronavirus that originated in Wuhan, China, and had rapidly spread around the world (“COVID-19”) was a pandemic that posed significant risk to the international community.
- It obtained formal forgiveness of the full amount of the loan on June 16, 2021, and accounted for the forgiveness as income from extinguishment of loan in its statement of operations for the year ended June 30, 2021. 8 While the loan has been formally forgiven, under the terms of the PPP Loan, the Company remains subject to an audit by the Small Business Administration (“SBA”) for a period of six years after forgiveness.
- As a result of the acquisition of Katsa, the Company carries a significant amount of intangible assets, but it may never fully realize the full value of these assets.
- As a result of the outbreak, starting in March 2020 and intermittently through June 30, 2023, the Company suspended or reduced its operations, in whole or in part, in several of its locations.
- This outbreak contributed to shelter-in-place policies, unexpected factory closures, supply chain disruptions, and market volatility causing substantial declines in market capitalization, and occurring in the midst of an already challenging economic environment in some of our markets, most notably the oil and gas market.
- Management continues to monitor the global situation and its effect on financial condition, liquidity, operations, suppliers, industry and workforce. 5 Certain of the Company ’ s products are directly or indirectly used in oil exploration and oil drilling and are thus dependent upon the strength of those markets and oil prices.
- These challenges, together with other challenges associated with operating an international business, may adversely affect our ability to recognize revenue and our other operating results. 7 A material disruption at the Company ’ s manufacturing facility in Racine, Wisconsin could adversely affect its ability to generate sales and meet customer demand.
- The majority of the Company’s manufacturing, based on fiscal 2024 sales, came from its facility in Racine, Wisconsin.
- As a global Company, the Company is subject to currency fluctuations and a significant movement between the U.S. dollar and the euro exchange rate, in particular, could have an adverse effect on its profitability.
- The combination of the businesses will require significant management attention, and the Company may incur significant additional integration costs because of integration difficulties and other challenges.
- The Company continues to face the prospect of increasing commodity costs, including steel, other raw materials and energy that could have an adverse effect on future profitability.
- Additional risks not currently known, deemed immaterial or that could apply to any issuer may also result in adverse results for the Company’s business.
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