Reported Q: Q4 2024 Rev YoY: +0.6% EPS YoY: -15.6% Move: +4.94%
Twin Disc Incorporated
TWIN
$17.42 4.94%
Exchange NASDAQ Sector Industrials Industry Industrial Machinery
Q4 2024
Published: Sep 6, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for TWIN

Reported

Report Date

Sep 6, 2024

Quarter Q4 2024

Revenue

84.42M

YoY: +0.6%

EPS

0.53

YoY: -15.6%

Market Move

+4.94%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $84.42M up 0.6% year-over-year
  • EPS of $0.53 decreased by 15.6% from previous year
  • Gross margin of 29.7%
  • Net income of 7.41M
  • ""We continue to increase our six-month backlog, both sequentially and year-over-year, while simultaneously reducing inventories. This uptick comes with the addition of Katsa Oy, which represented $12.6 million of backlog growth."" - John Batten, CEO
TWIN
Company TWIN

Executive Summary

Twin Disc reported a resilient QQ4 2024, delivering quarterly revenue of $84.4 million, up 0.6% year over year, as demand remained solid across core end markets. For fiscal 2024, revenue rose 6.6% to $295.1 million, with pro forma growth of 9.5% excluding the DCS divestiture. Gross margin expanded to 29.7% (vs. 29.5% prior year), and EBITDA rose 2.9% to $26.5 million, contributing to a free cash flow of $25.0 million and a positive net leverage profile. The company also completed the acquisition of Katsa Oy, which contributed meaningfully to backlog expansion (Katsa backlog addition of $12.6 million). Management highlighted disciplined working capital management, a favorable mix supporting margin expansion, and robust cash generation, underscoring balance-sheet strength (cash at year-end of ~$20.1 million and net debt reported around $28.1 million, though management has described net debt as roughly $5.7 million in commentary). In 2025, Twin Disc guides to flat revenue versus 2024 on a like-for-like basis, with Katsa expected to lift top-line growth, and it remains positioned to pursue bolt-on M&A as part of a broader medium-term strategy aiming at substantial long-term growth through hybrid/marine electrification initiatives. The 2030 targets—approximately $500 million in revenue, 30% gross margin, and at least 60% free cash flow conversion—frame a bold, but contingent, path anchored in product expansion, OEM collaborations, and geographic diversification.

Key Performance Indicators

Revenue
Increasing
84.42M
QoQ: 13.83% | YoY: 0.59%
Gross Profit
Increasing
25.09M
29.72% margin
QoQ: 19.80% | YoY: 1.37%
Operating Income
Decreasing
4.73M
QoQ: 26.44% | YoY: -42.47%
Net Income
Decreasing
7.41M
QoQ: 93.85% | YoY: -13.80%
EPS
Decreasing
0.54
QoQ: 92.86% | YoY: -15.63%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 81.24 -0.11 +9.6% View
Q2 2025 89.92 0.07 +23.2% View
Q1 2025 72.90 -0.20 +14.7% View
Q4 2024 84.42 0.53 +0.6% View
Q3 2024 74.16 0.27 +0.5% View