TWIN · Twin Disc Inc
Key customers — 36% of revenue (the years ended June 30, 2026)
“The Company's top ten customers accounted for approximately 36% and 35% of the Company's consolidated net sales during the years ended June 30, 2026 and June 30, 2025, respectively.”
Key customers — 35% of revenue (the years ended June 30, 2025)
“The Company's top ten customers accounted for approximately 36% and 35% of the Company's consolidated net sales during the years ended June 30, 2026 and June 30, 2025, respectively.”
Price & Indicators
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AI Brief
Q4 FY26 earnings call · Aug 20, 2026TL;DR. Twin Disc reported record fiscal 2026 fourth-quarter and full-year results with double-digit sales growth, sharply higher EBITDA, and a new $90 million credit facility, while fiscal 2027 CapEx is set to rise above $20 million to fund facility and tooling investments.
- + Full-year EBITDA increased 48.0% to $29.9 million, with Q4 EBITDA up 35.1% to $11.1 million.
- + Full-year net income attributable to Twin Disc swung to $27.1 million ($1.86 diluted EPS) from a $697,000 loss in fiscal 2025.
- + Defense is cited as a structural growth driver supported by US Navy and NATO demand, with a $50–$70 million military pipeline where management sees better than 50/50 odds of winning.
- + A new $90 million credit facility with BMO and JP Morgan provides financial flexibility to fund growth.
- − Q4 gross margin compressed ~600 bps to 26.3% on product mix, tariff dilution and a prior-year favorable adjustment, and full-year gross margin fell ~70 bps to 26.9% on product mix and tariff dilution.
- − Fiscal 2027 CapEx is guided to be north of $20 million to fund the new Finland facility, a Lufkin product-line move and additional machine tools.
- − Six-month backlog of $178.3 million was roughly flat sequentially ($179.5 million at end of Q3) despite strong shipments, signaling near-term order flow has not accelerated.
- − Management cited execution risk on military orders, noting such projects typically take longer to materialize into orders despite pipeline confidence.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| number of persons employed by the Company | 1,087 | fiscal 2026 filing | — |
| Sales to customers outside the United States as a percentage of consolidated net sales | 72% | fiscal 2026 filing | — |
| Top ten customers as a percentage of consolidated net sales | 36% | fiscal 2026 filing | — |
| EBITDA non-GAAP | $29.9M | Fiscal Full Year 2026 | — |
| Free cash flow non-GAAP | $9.2M | Fiscal Full Year 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided (used) by operating activities 22.9M
-13.71M Acquisition of capital expenditures
= Free cash flow 9.19M
|
|||
| inventory as a percentage of six-month backlog | 99.9% | Q4 FY2026 | — |
| Net debt non-GAAP | $13.78M | as of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total debt 29.81M
-16.03M Less cash
= Net debt 13.78M
|
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| Organic Net Sales non-GAAP | $356.5M | FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Net Sales 381.27M
-7.55M Less: Acquisition
-17.23M Less: Foreign Currency Impact
= Organic Net Sales 356.5M
|
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| Six-month backlog | $178.3M | Fiscal Full Year 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Industrial Machinery — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TWIN
this stock
Twin Disc Inc
|
$379.90M | +70.9% | +11.9% | 14.0 | 3.5% |
|
GEV
GE Vernova Inc.
|
$255.05B | +51.3% | +9.0% | 27.5 | 3.3% |
|
ETN
Eaton Corp plc
|
$170.89B | +36.9% | +10.3% | 44.8 | 2.0% |
|
SMERY
Siemens Energy AG/ADR
|
$139.03B | — | — | — | 0.0% |
|
PH
Parker-Hannifin Corp
|
$123.32B | +10.6% | +18.9% | 34.4 | 1.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TWIN | +9.1% | +25.0% | +58.3% | +8.8% | +70.9% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +9.3% | +25.4% | +46.1% | +7.9% | +58.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.