Twin disc inc (TWIN)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Mar'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Net Sales

259,909

268,693

287,264

302,663

303,990

291,919

270,358

270,358

240,733

212,043

0

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods sold

201,562

203,778

211,972

213,022

203,196

193,420

179,724

179,724

160,092

145,809

0

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

200,285

-

-

-

-

153,587

164,744

-

190,970

210,477

238,339

265,790

272,022

271,786

262,307

263,909

266,275

273,802

282,915

285,282

305,459

332,717

343,333

355,870

357,128

338,109

330,328

310,393

0

0

0

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

138,154

-

-

-

-

114,666

123,166

-

142,022

152,141

169,506

182,758

187,009

189,251

183,331

186,655

189,912

196,293

201,639

205,257

217,812

229,688

233,053

234,238

227,621

213,876

211,900

202,710

0

0

0

Gross profit

58,347

64,915

75,292

89,641

100,794

98,499

90,634

90,634

80,641

69,756

69,853

62,228

62,325

53,051

48,232

42,597

38,921

41,578

40,595

48,948

58,336

68,833

83,032

85,013

82,535

78,976

77,254

76,363

77,509

81,276

80,025

87,647

103,029

110,280

121,632

129,507

124,233

118,428

107,683

0

0

0

Marketing, engineering and administrative expenses

64,379

66,405

68,901

71,541

73,352

70,526

66,687

66,687

61,095

57,212

57,014

56,400

56,202

53,692

52,773

51,981

52,316

54,348

57,113

60,082

61,679

63,594

64,264

65,920

67,121

67,799

67,406

66,977

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Marketing, engineering and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

76,249

75,557

74,099

72,967

0

0

0

Restructuring expenses

5,342

4,941

1,127

1,179

1,635

1,956

2,353

2,353

3,398

2,925

2,925

2,766

2,766

2,751

1,791

1,501

1,480

1,179

921

787

515

0

-

0

0

-

961

1,802

1,802

1,802

708

0

0

0

-

-

-

-

-

-

-

-

Goodwill and other impairment charge

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other asset impairment charge

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense (income)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income from operations

-38,757

-4,854

6,841

18,498

27,164

26,017

21,594

21,594

16,148

9,610

9,905

416

711

-6,038

-8,978

-21,123

-22,476

-21,606

-24,596

-14,759

-6,696

2,457

15,486

19,226

15,547

11,310

8,887

6,480

7,091

11,273

10,013

13,843

28,884

32,808

44,871

53,258

48,676

44,329

34,716

0

0

0

Interest expense

1,668

1,629

1,599

1,927

1,638

1,269

935

935

282

294

294

275

275

314

303

306

401

388

426

526

492

533

606

675

773

846

936

1,131

1,277

1,383

1,435

1,347

1,370

1,422

1,475

4,157

3,338

2,517

1,719

0

0

0

Other expense (income), net

-2,118

-1,710

-2,479

-2,107

-1,903

-1,685

-1,251

-1,251

-1,501

-1,643

-1,938

-1,304

-1,599

-779

-320

253

-1

-688

-420

-385

341

714

896

960

353

330

24

618

815

718

557

816

616

744

1,265

-1,429

-1,165

-1,226

-1,066

0

0

0

Non-operating income (expense)

-3,743

-3,296

-4,035

-3,991

-3,486

-2,899

-2,131

-2,131

-1,728

-1,865

-2,160

-1,507

-1,802

-1,021

-551

94

-255

-929

-699

-787

-27

305

414

406

-299

-395

-791

-411

-360

-563

-776

-436

-659

-583

-115

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Loss) income before income taxes and noncontrolling interest

-42,500

-8,150

2,806

14,507

23,678

23,118

19,463

19,463

14,420

7,745

7,745

-1,091

-1,091

-7,059

-9,529

-21,029

-22,731

-22,535

-25,295

-15,546

-6,723

2,762

15,900

19,632

15,248

10,915

8,096

6,069

6,731

10,710

9,237

13,407

28,225

32,225

44,756

52,060

47,315

42,670

32,029

0

0

0

Income tax (benefit) expense

-3,792

795

1,206

3,711

6,153

5,844

10,318

10,318

4,773

2,878

2,878

106

106

-7,020

-3,414

-8,220

-10,719

-11,126

-12,282

-8,527

-3,682

-286

4,515

6,341

5,446

4,347

4,226

4,407

5,235

6,361

4,986

7,902

12,083

13,653

17,815

19,714

20,456

17,600

13,897

0

0

0

Net (loss) income

-38,708

-8,945

1,600

10,796

17,525

17,274

9,145

9,145

9,647

4,867

4,867

-1,197

-1,197

-39

-6,115

-12,809

-12,012

-11,409

-13,013

-7,019

-3,041

3,048

11,385

13,291

9,802

6,568

3,870

1,662

1,496

4,349

4,251

5,505

16,142

18,572

26,941

32,346

26,859

25,070

18,132

0

0

0

Less: Net earnings attributable to noncontrolling interest, net of tax

171

144

100

123

89

90

147

147

119

117

117

210

210

167

179

165

76

68

91

131

200

241

212

231

163

158

226

294

410

421

369

333

229

179

198

182

131

148

135

0

0

0

Net (loss) income attributable to Twin Disc

-38,879

-9,089

1,500

10,673

17,436

17,184

8,998

8,998

9,528

4,750

4,750

-1,407

-1,407

-206

-6,294

-12,974

-12,088

-11,477

-13,104

-7,150

-3,241

2,807

11,173

13,060

9,639

6,410

3,644

1,368

1,086

3,928

3,882

5,172

15,913

18,393

26,743

32,164

26,728

24,922

17,997

0

0

0

Dividends per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

0.00

0.09

0.09

-

0.09

0.09

0.09

-

0.09

0.09

0.09

-

0.09

0.09

0.09

-

0.09

0.08

0.08

-

0.08

0.07

0.07

(Loss) income per share data:
Basic (loss) income per share attributable to Twin Disc common shareholders (in dollars per share)

-1.92

-0.49

-0.48

-0.06

0.35

0.31

0.24

0.24

0.52

0.37

0.37

-0.36

-0.36

0.29

0.10

-0.16

-0.26

-0.24

-0.48

-0.09

-0.21

-0.39

0.04

0.26

0.33

0.36

0.20

-0.04

0.05

0.11

0.00

-0.07

0.30

0.11

0.12

0.87

0.51

0.84

0.59

0.40

0.36

0.24

Diluted (loss) income per share attributable to Twin Disc common shareholders (in dollars per share)

-1.92

-0.49

-0.48

-0.06

0.34

0.31

0.24

0.24

0.52

0.37

0.37

-0.36

-0.36

0.29

0.10

-0.16

-0.26

-0.24

-0.48

-0.09

-0.21

-0.39

0.04

0.26

0.33

0.36

0.20

-0.04

0.05

0.11

0.01

-0.07

0.29

0.11

0.12

0.86

0.50

0.83

0.58

0.40

0.35

0.24

Weighted average shares outstanding data:
Basic shares outstanding (in shares)

13,175

13,164

13,111

12,739

12,914

12,909

11,722

11,722

11,314

11,313

11,313

11,297

11,297

11,256

11,247

11,250

11,242

11,217

22,290

11

11,197

11,313

33,799

11

11

11,270

11,269

11,265

11,264

11,234

11,239

11,243

11,366

11,368

34,221

11

11

11,396

45,242

11

11

10

Dilutive stock awards (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

9

0

0

6

12

0

6

6

146

0

68

78

438

0

0

145

575

0

0

0

Diluted shares outstanding (in shares)

13,175

13,164

13,111

12,786

13,146

12,997

11,799

11,799

11,680

11,344

11,344

11,297

11,297

11,259

11,247

11,250

11,242

11,217

22,290

11

11,197

11,313

33,809

11

11

11,276

11,281

11,265

11,270

11,240

11,385

11,243

11,434

11,446

34,659

11

11

11,541

45,817

11

11

11

Comprehensive (loss) income
Net (loss) income

-38,708

-8,945

1,600

10,796

17,525

17,274

9,145

9,145

9,647

4,867

4,867

-1,197

-1,197

-39

-6,115

-12,809

-12,012

-11,409

-13,013

-7,019

-3,041

3,048

11,385

13,291

9,802

6,568

3,870

1,662

1,496

4,349

4,251

5,505

16,142

18,572

26,941

32,346

26,859

25,070

18,132

0

0

0

Benefit plan adjustments, net of income taxes of $490, $146, $828 and $437, respectively

-2,850

-3,965

-4,035

-4,121

6,669

6,665

7,921

7,921

7,924

11,078

11,078

11,286

11,286

10,302

10,500

-7,191

-7,202

-7,147

-7,080

-4,829

-4,958

-5,248

-5,499

6,165

6,151

6,164

6,126

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Benefit plan adjustments, net of income taxes of $354, $375, $706 and $759, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

Translation adjustment during the quarter

-2,070

-1,673

-5,106

-2,671

-7,113

-4,395

-2,121

-2,121

981

8,319

8,319

7,529

7,529

2,843

985

-1,833

-951

931

-1,557

-1,537

-9,370

-11,596

-14,119

-15,055

-8,109

-2,448

3,760

1,980

52

1,063

447

-2,926

189

-8,199

-11,738

0

0

0

-

-

-

-

Unrealized loss on cash flow hedge, net of income taxes of $178, $0, $177 and $0, respectively

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Benefit plan adjustments, net of income taxes of $3,806, $4,163 and ($6,769), respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Other comprehensive income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Prior service credit, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net actuarial loss, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Comprehensive (loss) income

-44,716

-15,089

-8,193

3,495

17,081

19,544

14,945

14,945

18,552

24,264

24,264

17,618

17,618

13,106

5,370

-21,833

-20,165

-17,625

-21,650

-13,385

-17,369

-13,796

-8,233

4,401

7,844

10,284

13,756

11,474

9,528

13,516

13,020

-8,418

5,076

-1,123

3,513

41,694

38,644

46,099

48,910

0

0

0

Less: Comprehensive income attributable to noncontrolling interest

177

175

118

98

103

85

154

154

145

138

138

150

150

119

193

183

178

166

114

126

139

133

132

116

103

143

156

124

240

246

240

319

215

165

184

182

131

148

135

0

0

0

Comprehensive (loss) income attributable to Twin Disc

-44,893

-15,264

-8,311

3,397

16,978

19,459

14,791

14,791

18,407

24,126

24,126

17,468

17,468

12,987

5,177

-22,016

-20,343

-17,791

-21,764

-13,511

-17,508

-13,929

-8,365

4,285

7,741

10,141

13,600

11,350

9,288

13,270

12,780

-8,737

4,861

-1,288

3,329

41,512

38,513

45,951

48,775

0

0

0