Twin Disc, Incorporated designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates in two segments: manufacturing and distribution. Its products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. Its industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction and oil and gas markets. Its land-based transmission products include applications for oilfield and natural gas, military and airport rescue and firefighting. Its marine and propulsion systems include marine transmission, controls, surface drives, propellers and boat management systems for the global commercial, pleasure craft and patrol boat markets. Its other products include non-Twin Disc manufactured products sold through its distribution entities.

Twin Disc was founded in 1913 and is headquartered in Racine, US

Twin Disc has an office in Racine

Racine, US (HQ)

1328 Racine St

Twin Disc's revenue was reported to be $45.1 m in Q3, 2017

USD

## Revenue (Q3, 2017) | 45.1 m |

## Gross profit (Q3, 2017) | 13.3 m |

## Gross profit margin (Q3, 2017), % | 29% |

## Net income (Q3, 2017) | (1.7 m) |

## EBIT (Q3, 2017) | (3.4 m) |

## Market capitalization (18-Aug-2017) | 194.6 m |

## Cash (31-Mar-2017) | 14.9 m |

Twin Disc's current market capitalization is $194.6 m.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 263.9 m | 265.8 m | 166.3 m |

## Revenue growth, % | 1% | (37%) | |

## Cost of goods sold | 186.7 m | 182.8 m | 125.7 m |

## Gross profit | 77.3 m | 83 m | 40.6 m |

## Gross profit Margin, % | 29% | 31% | 24% |

## Interest income | 121 k | 124 k | 147 k |

## Net Income | 3.9 m | 11.4 m | (13 m) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 64.8 m | 72.7 m | 60.9 m | 37.4 b | 44.8 m | 41.4 m | 35.8 m | 33.7 m | 45.1 m |

## Cost of goods sold | 42.4 m | 50.6 m | 41.9 m | 29.2 b | 33.2 m | 31.8 m | 26.7 m | 24.7 m | 31.8 m |

## Gross profit | 22.4 m | 22.1 m | 19 m | 8.2 b | 11.6 m | 9.6 m | 9.2 m | 8.9 m | 13.3 m |

## Gross profit Margin, % | 35% | 30% | 31% | 22% | 26% | 23% | 26% | 27% | 29% |

## EBIT | (3.6 m) | (4.4 m) | (3.4 m) | ||||||

## EBIT margin, % | (10%) | (13%) | (7%) | ||||||

## Net Income | 4.1 m | 3.8 m | 3 m | (2.3 m) | (931 k) | (2.7 m) | (2.9 m) | (1.7 m) |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 24.8 m | 22.9 m | 18.3 m |

## Accounts Receivable | 1.9 m | 25.4 m | |

## Inventories | 97.6 m | 80.2 m | 66.6 m |

## Current Assets | 180.1 m | 169.8 m | 125 m |

## PP&E | 60.3 m | 56.4 m | 51.7 m |

## Total Assets | 267 m | 249.9 m | 213.9 m |

## Accounts Payable | 22.1 m | 20.7 m | 14.7 m |

## Total Debt | 8.5 m | ||

## Current Liabilities | 57 m | 57.1 m | 36.1 m |

## Total Liabilities | 96.9 m | ||

## Retained Earnings | 183.7 m | 190.8 m | 175.7 m |

## Total Equity | 152.3 m | 140.2 m | 117.1 m |

## Debt to Equity Ratio | 0.1 x | ||

## Debt to Assets Ratio | 0 x | ||

## Financial Leverage | 1.8 x | 1.8 x | 1.8 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 25.7 m | 25.2 m | 23.6 m | 23 m | 20.6 m | 13.4 m | 16.1 m | 13 m | 14.9 m |

## Accounts Receivable | 39.1 m | 40.7 m | 35.7 m | 31.3 m | 33.6 m | 32.6 m | 25.8 m | 22.7 m | 26.9 m |

## Inventories | 97.5 m | 90.8 m | 90 m | 77 m | 73.2 m | 69.5 m | 67.1 m | 64.5 m | 66.9 m |

## Current Assets | 178.9 m | 173.7 m | 168 m | 148.4 m | 143 m | 133.2 m | 123.7 m | 114.7 m | 124.8 m |

## PP&E | 59 m | 57.7 m | 55.8 m | 55.4 m | 54 m | 53.2 m | 50.4 m | 48.6 m | 47.7 m |

## Goodwill | 5.1 m | ||||||||

## Total Assets | 263.6 m | 255 m | 246.4 m | 235.8 m | 225.7 m | 218.4 m | 212.8 m | 202.4 m | 209.7 m |

## Accounts Payable | 20.8 m | 21.2 m | 24.9 m | 18.4 m | 17.5 m | 15.1 m | 15.2 m | 13.9 m | 19.7 m |

## Current Liabilities | 54.1 m | 55.6 m | 57.6 m | 50.9 m | 57.4 m | 40.9 m | 35.8 m | 34.2 m | 40.5 m |

## Retained Earnings | 186.7 m | 189.5 m | 191.4 m | 185.5 m | 182.1 m | 181.2 m | 173 m | 170.1 m | 168.2 m |

## Total Equity | 151.1 m | 150.1 m | 146.8 m | 133.7 m | 129 m | 131 m | 115.7 m | 109.7 m | 110.2 m |

## Financial Leverage | 1.7 x | 1.7 x | 1.7 x | 1.8 x | 1.7 x | 1.7 x | 1.8 x | 1.8 x | 1.9 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 3.9 m | 11.4 m | |

## Depreciation and Amortization | 10.7 m | 10.2 m | 8.8 m |

## Accounts Receivable | 7.1 m | (7.2 m) | 18.4 m |

## Inventories | 7 m | 8.9 m | 10.1 m |

## Accounts Payable | 1.4 m | 914 k | (6.3 m) |

## Cash From Operating Activities | 25.7 m | 17.1 m | 3.4 m |

## Capital Expenditures | (7.2 m) | (9 m) | (4.2 m) |

## Cash From Investing Activities | (7.1 m) | (6.8 m) | |

## Dividends Paid | (4.1 m) | (4.1 m) | (2 m) |

## Cash From Financing Activities | (14.9 m) | (9.2 m) | (8.1 m) |

## Interest Paid | 989 k | 569 k | 474 k |

## Income Taxes Paid | 3.7 m | 5.1 m | 1.8 m |

## Free Cash Flow | 18.5 m | 8 m | (823 k) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 4.1 m | 3.8 m | 3 m | (2.3 m) | (931 k) | (2.7 m) | (2.9 m) | (1.7 m) | |

## Inventories | 77 m | 73.2 m | 69.5 m | 67.1 m | 64.5 m | 66.9 m | |||

## Accounts Payable | 20.8 m | 21.2 m | 24.9 m | 18.4 m | 17.5 m | 15.1 m | 15.2 m | 13.9 m | 19.7 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 60.8 k |

## Financial Leverage | 1.9 x |