UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2019 Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 1328 Racine Street, Racine, Wisconsin 53403 (Address of Principal Executive Office) (Zip Cod ...

Twin Disc, Inc. (NASDAQ:TWIN) Q4 2019 Earnings Conference Call August 9, 2019 11:00 AM ET Company Participants Stanley Berger - SM Berger John Batten - President and Chief Executive Officer Jeffrey Knutson - Vice President of Finance, Chief Financial Officer, Treasurer and Secretary Conference Call Participants Noah Kaye - Oppenheimer Tim Wojs - Baird Christina Bronec - Gamco Investors Operator Good day and welcome to the Twin Disc, Incorporated Fiscal Fourth Quarter 2019 Earnings Conference Call and Webcas ...

Third Quarter Fiscal 2019 INVESTOR PRESENTATION SAFE HARBOR STATEMENT 2 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------| | | | | This presentation contains statements that are forward-looking within the meaning | | | of Section 21E of the Securities Exchange Act of 1934, as amended. These | | | statements are ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 29, 2019 Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact name of registrant as specified in its charter) Wisconsin 39-0667110 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification No.) 1328 Racine Street, Racine, Wisconsin 53403 (Address of principal executive ...

Financial Data and Key Metrics Changes - Sales for Q3 2019 were $77.4 million, an increase of $12.1 million or 19% from the prior year [13] - Excluding the impact of the Veth acquisition, sales were down 5% compared to the prior year [14] - Gross margin for the quarter was 29.9%, a decline of 200 basis points from the prior year [17] - Net profit for the quarter was $4.6 million or $0.34 per diluted share, a slight increase from $4.3 million or $0.37 per share in the prior year [23] - Operating cash flow was negative $8.4 million and free cash flow was negative $10.6 million in Q3 [27] Business Line Data and Key Metrics Changes - The marine backlog is growing globally, with positive signs in inquiries in the offshore space [7] - Industrial product sales increased nearly 16% compared to the prior first nine months [16] - Marine transmission sales increased nearly 3% [16] Market Data and Key Metrics Changes - The North American aftermarket demand for oil and gas products has reduced, impacting overall revenue [14] - Incoming order levels softened in Q3, but market activity and inquiry levels remained strong [26] Company Strategy and Development Direction - The company is focused on improving internal capacity and getting the Lufkin facility operational by January 2020 [29] - New product development remains a priority, particularly in marine, hybrid, and electrification markets [29] - The Veth acquisition is seen as a significant growth opportunity, particularly in North America [10] Management's Comments on Operating Environment and Future Outlook - Management expressed frustration over operational inefficiencies and supply chain challenges impacting sales [6] - The outlook for Q4 is cautiously optimistic, with expectations of stable demand across various markets [29] - Management does not foresee a repeat of the downturn experienced in 2015, indicating a more stable environment [29] Other Important Information - The company announced the hiring of Jim Feiertag as the new President and COO, succeeding Mac Moore [11] - The effective tax rate for Q3 was 23.9%, reflecting changes in jurisdictional earnings [22] Q&A Session Summary Question: Factors affecting operating efficiency - Management attributed operational inefficiencies roughly 50-50 between supply chain issues and labor challenges, with specific issues arising from a heat treat supplier [33][34] Question: Expectations for Q4 financial results - Management indicated that Q4 results would likely be comparable to Q3, including gross margin expectations [35] Question: Backlog changes and market softness - The decline in backlog was primarily due to oil and gas shipping not being replaced, rather than market softness [36] Question: Development synergies from Veth acquisition - The integration of Veth has accelerated hybrid product development, leveraging their expertise in dual input systems [39] Question: Free cash flow outlook - Positive free cash flow for the year is considered a stretch, but there is optimism for improved cash flow in Q4 [45] Question: Marine business improvement - Management noted signs of improvement in marine business discussions, particularly in offshore projects and orders from Asia [51] Question: Revenue from Veth in Q3 - Veth generated a little over $15 million in revenue during Q3 [57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended December 28, 2018 Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact name of registrant as specified in its charter) Wisconsin 39-0667110 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification No.) 1328 Racine Street, Racine, Wisconsin 53403 Large Accelerated Filer Acce ...

Twin Disc, Inc. (NASDAQ:TWIN) Q2 2019 Earnings Conference Call February 1, 2019 11:00 AM ET Company Participants Stan Berger - SM Berger John Batten - President, CEO & Director Jeffrey Knutson - VP, Finance, CFO, Treasurer & Secretary Conference Call Participants Noah Kaye - Oppenheimer Josh Chan - Robert W. Baird & Co. Operator Good day, and welcome to the Twin Disc, Inc. Fiscal Second Quarter 2019 Investor Conference Call and Webcast. Today's conference is being recorded. At this time, I would like to tur ...