Twin Disc, Inc. (NASDAQ:TWIN) Q1 2023 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants John Batten - CEO Jeff Knutson - VP, Finance and CFO Conference Call Participants Noah Kaye - Oppenheimer Simon Wong - Gabelli Funds Jim Dowling - Jefferies Operator Greetings. Welcome to the Twin Disc, Inc. Fiscal First Quarter 2023 Earnings Conference. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Ins ...

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, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-0667110 (State or Other Ju ...

Twin Disc, Incorporated TWIN) Q4 2022 Earnings Conference Call September 1, 2022 11:00 AM ET Company Participants John Batten - CEO Jeff Knutson - VP, Finance, CFO, Treasurer, & Secretary Stanley Berger - SM Berger & Company, IR Conference Call Participants Jason Vernoff - Oppenheimer Robert Schultz - Robert W. Baird Simon Wong - GAMCO Investors, Inc. Operator Greetings, and welcome to Twin Disc, Inc. Fiscal Fourth Quarter 2022 FinancialConference. At this time, all participants are in a listen-only mode. A ...

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 25, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification No.) Wis ...

Twin Disc, Inc. (NASDAQ:TWIN) Q3 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants Stanley Berger - SM Berger & Company John Batten - CEO Jeff Knutson - VP, Finance and CFO Conference Call Participants Josh Chan - Baird Noah Kaye - Oppenheimer Rand Gesing - Neuberger Operator Greetings. Welcome to the Twin Disc, Inc. Fiscal Third Quarter 2022 Earnings Conference. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal present ...

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 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification No.) ...

Financial Data and Key Metrics Changes - Sales for the quarter were just under $60 million, an increase of $11.3 million or 23.3% from the prior year and up $12.1 million or 25.4% from the previous quarter [15][16] - The second quarter margin percentage improved to 22.5% compared to 18.3% in the prior year, driven by increased revenue and a more profitable product mix [16] - The net loss for the second quarter was $3.8 million or $0.29 per diluted share, compared to a net loss of $4.3 million or $0.33 per diluted share in the prior year [20] Business Line Data and Key Metrics Changes - Industrial product shipments increased by 46%, marine and propulsion shipments rose by 14.5%, and off-highway transmission sales grew by 13.4% for the second quarter [15] - Marketing, engineering, and administrative costs increased by $1.9 million or 14% compared to the prior year, primarily due to increased salaries and benefits [17] Market Data and Key Metrics Changes - Sales into North America were up 30%, Asia Pacific sales increased by 17%, and European sales rose by 5% [16] - The Australian marine market, particularly for pleasure craft, continued to show elevated demand, with significant unit orders for marine transmissions [8] Company Strategy and Development Direction - The company anticipates improving conditions in North American oil and gas and aims to match internal and supply chain capacity to meet increasing demand [23] - There is a focus on hybrid and electrification applications, with ongoing R&D and engineering activity [24] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain challenges remain, but there is optimism about demand recovery in various markets, including oil and gas and marine [11][23] - The company is hopeful that inflationary pressures may stabilize, allowing for better pricing strategies moving forward [42] Other Important Information - The company recorded restructuring charges of $1.2 million related to a Belgian restructuring program, expected to drive annualized savings of approximately $1.6 million once complete [19] - Inventory increased by $9 million in the first half, primarily due to supply chain imbalances [21] Q&A Session Summary Question: Oil and gas market outlook and order trajectory - Management indicated that conversations with OEMs are ongoing, and they expect new unit orders to improve within the next three to six months based on historical cycles [29] Question: Price increase and surcharge impact - Management explained that the recent price increases and surcharges are aimed at maintaining gross margins amid rising costs, with expectations to return to gross margins above 25% in the second half [35][36] Question: Backlog pricing and margin impact - The backlog will be shipped at higher prices due to recent price increases, which should positively impact current margins [40] Question: Labor constraints and growth - Management acknowledged challenges in growing the workforce, particularly in North America, but noted improvements in the situation [63] Question: Cash flow expectations - The company expects to be free cash flow positive in the second half of the fiscal year, despite some challenges in the first half [56]

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 September 24, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 ...

Twin Disc, Inc. (NASDAQ:TWIN) Q1 2022 Earnings Conference Call October 29, 2021 11:00 AM ET Company Participants Stanley Berger - SM Berger & Company John Batten - CEO & Director Jeffrey Knutson - VP, Finance, CFO, Treasurer & Secretary Conference Call Participants Noah Kaye - Oppenheimer Joshua Chan - Robert W. Baird & Co. Rand Gesing - Neuberger Berman Operator Greetings, and welcome to the Twin Disc Fiscal 2022 First Quarter Conference Call. [Operator Instructions]. As a reminder, this conference is bein ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECRURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 1-7635 TWIN DISC, INCORPORATED (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-0667110 (State or Other J ...