Twin Disc (TWIN) 10-Q 5 Feb 25 2025 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 27, 2024	Jan. 20, 2025
Document Information [Line Items]
Entity Central Index Key	0000100378
Entity Registrant Name	TWIN DISC INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 27, 2024
Document Transition Report	false
Entity File Number	1-7635
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0667110
Entity Address, Address Line One	222 East Erie Street, Suite 400
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53202
City Area Code	262
Local Phone Number	638-4000
Title of 12(b) Security	Common Stock (No Par Value)
Trading Symbol	TWIN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,145,862

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Assets, Current [Abstract]
Cash	$ 15,906	$ 20,070
Trade accounts receivable, net	53,670	52,207
Inventories, net	128,278	130,484
Other current assets	18,712	16,870
Total current assets	216,566	219,631
Property, plant and equipment, net	58,508	58,074
Right-of-use operating lease assets	16,431	16,622
Intangible assets, net	10,856	12,686
Deferred income taxes	2,277	2,339
Other noncurrent assets	2,722	2,706
Total assets	307,360	312,058
Current liabilities:
Current maturities of long-term debt	2,000	2,000
Current maturities of right-of use operating lease obligations	2,813	2,521
Accounts payable	28,561	32,586
Accrued liabilities	69,284	62,409
Total current liabilities	102,658	99,516
Long-term debt	22,873	23,811
Right-of-use operating lease obligations	13,656	14,376
Accrued retirement benefits	9,613	7,854
Deferred income taxes	4,712	5,340
Other long-term liabilities	6,214	6,107
Total liabilities	159,726	157,004
Twin Disc, Incorporated shareholders' equity:
Preferred shares authorized: 200,000; issued: none; no par value	0	0
Common shares authorized: 30,000,000; issued: 14,632,802; no par value	40,111	41,798
Retained earnings	126,610	129,592
Accumulated other comprehensive loss	(12,222)	(6,905)
Equity before treasury stock	154,499	164,485
Less treasury stock, at cost (486,940 and 637,778 shares, respectively)	7,475	9,783
Total Twin Disc, Incorporated shareholders' equity	147,024	154,702
Noncontrolling interest	610	352
Total equity	147,634	155,054
Total liabilities and equity	$ 307,360	$ 312,058

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 27, 2024	Jun. 30, 2024
Preferred Shares, Authorized (in shares)	200,000	200,000
Preferred Shares, Issued (in shares)	0	0
Preferred Shares, No Par Value (in dollars per share)	$ 0	$ 0
Common shares, authorized (in shares)	30,000,000	30,000,000
Common shares, shares issued (in shares)	14,632,802	14,632,802
Common shares, no par value (in dollars per share)	$ 0	$ 0
Treasury Stock, Common, Shares (in shares)	486,940	637,778

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Net sales	$ 89,921	$ 72,994	$ 162,818	$ 136,547
Gross profit	21,680	20,656	41,002	37,292
Marketing, engineering and administrative expenses	18,920	17,218	38,407	34,136
Income from operations	2,760	3,438	2,595	3,156
Other (expense) income:
Interest expense	(495)	(392)	(1,131)	(786)
Other income (expense), net	386	(449)	(958)	(310)
Non-operating income (expense)	(109)	(841)	(2,089)	(1,096)
Earnings before income taxes and noncontrolling interest	2,651	2,597	506	2,060
Income tax expense	1,552	1,662	2,179	2,208
Net income (loss)	1,099	935	(1,673)	(148)
Less: Net income attributable to noncontrolling interest, net of tax	(180)	(5)	(173)	(95)
Net income (loss) attributable to Twin Disc, Incorporated	$ 919	$ 930	$ (1,846)	$ (243)
Dividends per share (in dollars per share)	$ 0.04	$ 0.04	$ 0.08	$ 0.04
Income (loss) per share data:
Basic income (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	0.07	0.07	(0.13)	(0.02)
Diluted income (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$ 0.07	$ 0.07	$ (0.13)	$ (0.02)
Weighted average shares outstanding data:
Basic shares outstanding (in shares)	13,868	13,718	13,818	13,629
Diluted shares outstanding (in shares)	14,058	13,923	13,818	13,629
Comprehensive (loss) income
Net income (loss)	$ 1,099	$ 935	$ (1,673)	$ (148)
Benefit plan adjustments, net of income taxes of $13, ($13), $2 and ($8), respectively	(1,668)	(108)	(1,446)	(279)
Translation adjustment during the quarter	(11,369)	5,190	(4,078)	2,154
Unrealized gain (loss) on hedges, net of income taxes of $0, $0, $0 and $0, respectively	1,146	(485)	293	(269)
Comprehensive (loss) income	(10,792)	5,532	(6,904)	1,458
Less: Comprehensive income attributable to noncontrolling interest	(122)	(40)	(258)	(190)
Comprehensive (loss) income attributable to Twin Disc, Incorporated	(10,914)	5,492	(7,162)	1,268
Service Excluding Other Goods [Member]
Cost of goods sold	66,662	52,338	120,237	96,156
Other Goods [Member]
Cost of goods sold	$ 1,579	$ 0	$ 1,579	$ 3,099

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Benefit plan adjustments, income taxes	$ 13	$ (13)	$ 2	$ (8)
Unrealized loss on cash flow hedge, income taxes	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,673)	$ (148)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	6,534	5,023
Gain on sale of assets	(39)	(42)
Loss on write-down of industrial product inventory	1,579	0
(Benefit) provision for deferred income taxes	(363)	280
Stock compensation expense and other non-cash changes, net	1,625	1,413
Net change in operating assets and liabilities	(3,348)	6,422
Net cash provided by operating activities	4,315	16,047
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant, and equipment	(5,142)	(5,419)
Proceeds from sale of fixed assets	39	0
Other, net	(76)	(252)
Net cash used by investing activities	(5,179)	(5,671)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving loan arrangements	54,824	50,632
Repayments of revolving loan arrangements	(54,824)	(50,632)
Repayments of other long-term debt	(500)	(1,010)
Dividends paid to shareholders	(1,136)	(560)
Payments of right-of-use finance lease obligations	(1,017)	(471)
Payments of withholding taxes on stock compensation	(1,256)	(1,772)
Net cash used by financing activities	(3,909)	(3,813)
Effect of exchange rate changes on cash	609	1,195
Net change in cash	(4,164)	7,758
Cash:
Beginning of period	20,070	13,263
End of period	15,906	21,021
Boat Management System Product Line [Member]
Adjustments to reconcile net loss to net cash provided by operating activities:
Loss on sale of boat management product line and related inventory	$ 0	$ 3,099

Note A - Basis of Presentation

Note A - Basis of Presentation	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. Basis of Presentation The unaudited condensed consolidated financial statements have been prepared by Twin Disc, Incorporated (the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of the Company, include adjustments, consisting primarily of normal recurring items, necessary for a fair statement of results for each period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not 10 - June 30, 2024. not The condensed consolidated financial statements and information presented herein include the financial results of Katsa Oy (“Katsa”). On May 31, 2024, The Company’s condensed consolidated financial statements include the accounts of Twin Disc, Incorporated and its wholly-owned domestic and foreign subsidiaries. The Company's reporting period ends on the last Friday of the quarterly calendar period. The Company's fiscal year ends on June 30, June 30 May 31, Certain prior year immaterial amounts have been reclassified to conform with the current year's presentation. The changes did not Recently Issued Not In November 2024, No. 2024 03, 2024 03” 2024 03 December 15, 2026, 2028, In November 2023, 2023 07, 280 2025 first 2026. In December 2023, 2023 09, 2023 09” five 2023 09 December 15, 2024. Special Note Regarding Smaller Reporting Company Status Under SEC Release 33 10513; 34 83550,

Note B - Inventories

Note B - Inventories	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. Inventories The major classes of inventories were as follows: December 27, 2024 June 30, 2024 Inventories: Finished parts $ 59,396 $ 60,166 Work in process 24,503 23,096 Raw materials 44,379 47,222 $ 128,278 $ 130,484 In the second 2025, In the first 2024, one not second 2024.

Note C - Warranty

Note C - Warranty	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	C. Warranty The Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its suppliers. However, its warranty obligation is affected by product failure rates, the number of units affected by the failure and the expense involved in satisfactorily addressing the situation. The warranty reserve is established based on our best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. When evaluating the adequacy of the reserve for warranty costs, management takes into consideration the term of the warranty coverage, historical claim rates and costs of repair, knowledge of the type and volume of new products and economic trends. While we believe the warranty reserve is adequate and that the judgment applied is appropriate, such amounts estimated to be due and payable in the future could differ materially from what actually transpires. The following is a listing of the activity in the warranty reserve for the quarters ended December 27, 2024 December 29, 2023: For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Reserve balance, beginning of period $ 4,450 $ 4,160 $ 4,220 $ 3,476 Current period expense and adjustments 1,762 1,208 2,598 2,724 Payments or credits to customers (1,851 ) (898 ) (2,517 ) (1,718 ) Translation 198 18 258 6 Reserve balance, end of period $ 4,559 $ 4,488 $ 4,559 $ 4,488 The current portion of the warranty accrual ($3,467 and $3,549 as of December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023,

Note D - Contingencies

Note D - Contingencies	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	D. Contingencies The Company is involved in litigation of which the ultimate outcome and liability to the Company, if any, is not not

Note E - Business Segments

Note E - Business Segments	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	E. Business Segments The Company and its subsidiaries are engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. Principal products include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. The Company sells to both domestic and foreign customers in a variety of market areas, principally pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets. The Company's worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. The Company has two Information about the Company’s segments is summarized as follows: For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Net sales Manufacturing segment sales $ 76,463 $ 58,368 $ 139,781 $ 112,906 Distribution segment sales 35,727 37,242 65,311 70,095 Inter/Intra segment elimination – manufacturing (14,673 ) (18,795 ) (28,045 ) (38,979 ) Inter/Intra segment elimination – distribution (7,596 ) (3,821 ) (14,229 ) (7,475 ) $ 89,921 $ 72,994 $ 162,818 $ 136,547 Net income (loss) attributable to Twin Disc, Incorporated Manufacturing segment net income $ 3,131 $ 2,078 $ 5,000 $ 3,636 Distribution segment net income 1,228 3,173 2,179 4,179 Corporate and eliminations (3,440 ) (4,321 ) (9,025 ) (8,058 ) $ 919 $ 930 $ (1,846 ) $ (243 ) Assets December 27, 2024 June 30, 2024 Manufacturing segment assets $ 459,422 $ 443,149 Distribution segment assets 39,376 73,033 Corporate assets and elimination of intercompany assets (191,438 ) (204,124 ) $ 307,360 $ 312,058 Disaggregated revenue: The following table presents details deemed most relevant to the users of the financial statements for the quarters ended December 27, 2024 December 29, 2023. Net sales by product group for the quarter ended December 27, 2024 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 9,329 $ 1,053 $ (923 ) $ 9,459 Land-based transmissions 18,594 2,101 (1,685 ) 19,010 Marine and propulsion systems 48,512 27,659 (19,479 ) 56,692 Other 28 4,914 (182 ) 4,760 Total $ 76,463 $ 35,727 $ (22,269 ) $ 89,921 Net sales by product group for the quarter ended December 29, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,704 $ 1,557 $ (730 ) $ 6,531 Land-based transmissions 15,003 7,953 (7,093 ) 15,863 Marine and propulsion systems 37,661 24,058 (14,773 ) 46,946 Other - 3,674 (20 ) 3,654 Total $ 58,368 $ 37,242 $ (22,616 ) $ 72,994 Net Sales by product group for the two December 27, 2024 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 18,126 $ 2,106 $ (1,604 ) $ 18,628 Land-based transmissions 36,747 5,664 (6,117 ) 36,294 Marine and propulsion systems 84,859 48,992 (34,057 ) 99,794 Other 49 8,549 (496 ) 8,102 Total $ 139,781 $ 65,311 $ (42,274 ) $ 162,818 Net Sales by product group for the two December 29, 2023 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 10,994 $ 2,586 $ (1,364 ) $ 12,216 Land-based transmissions 29,684 20,623 (15,867 ) 34,440 Marine and propulsion systems 72,228 40,378 (29,197 ) 83,409 Other - 6,508 (26 ) 6,482 Total $ 112,906 $ 70,095 $ (46,454 ) $ 136,547

Note F - Stock-based Compensati

Note F - Stock-based Compensation	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	F. Stock-Based Compensation In the first 2025, 2021 2021 “2021 2020 “2020 may one There is reserved for issuance under the Plan an aggregate of 1,636,550 shares of the Company’s common stock, which consists of the previously-approved 715,000 shares of common stock reserved for issuance under the 2021 2020 may Performance Stock Awards ( PSA ) During the first two 2025 2024, The fiscal 2025 three June 30, 2027. The fiscal 2024 three June 30, 2026. There were 350.0 and 335.2 unvested PSAs outstanding at December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023, two December 27, 2024 December 29, 2023, December 27, 2024 December 27, 2024, 2024 2023 December 27, 2024 December 29, 2023 Performance Stock Unit Awards ( PSUA ) The PSUAs entitle an individual to shares of common stock of the Company or cash in lieu of shares of Company common stock if specific terms and conditions or restrictions are met through a specified date. During the first two 2024 2023, 2024 three June 30, 2026. There were 10.5 and 10.5 unvested PSUAs outstanding at December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023, two December 27, 2024 December 29, 2023, December 27, 2024 December 27, 2024, 2024 December 27, 2024 December 29, 2023 Restricted Stock Awards ( RS ) The Company has unvested RS awards outstanding that will vest if certain service conditions are fulfilled. The fair value of the RS grants is recorded as compensation expense over the vesting period, which is generally 1 3 first two 2024 2023, December 27, 2024 December 29, 2023, two December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023, two December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023 December 27, 2024, three Restricted Stock Unit Awards ( RSU ) The RSUs entitle an individual to shares of common stock of the Company or cash in lieu of shares of Company common stock if specific terms and conditions or restrictions are met through a specified date, generally three first two 2024 2023, December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023, two December 27, 2024 December 29, 2023, December 27, 2024 December 29, 2023 December 27, 2024 December 27, 2024, three

Note G - Pension and Other Post

Note G - Pension and Other Postretirement Benefit Plans	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	G. Pension and Other Postretirement Benefit Plans The Company has non-contributory, qualified defined benefit plans covering substantially all domestic employees hired prior to October 1, 2003 The components of the net periodic benefit cost for the defined benefit pension plans and the other postretirement benefit plan are as follows: For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Pension Benefits: Service cost $ 81 $ 94 $ 164 $ 188 Prior service cost 5 - 10 - Interest cost 836 896 1,672 1,792 Expected return on plan assets (826 ) (1,048 ) (1,652 ) (2,096 ) Amortization of transition obligation 10 10 20 19 Amortization of prior service cost 6 9 13 17 Amortization of actuarial net loss 246 16 493 31 Net periodic benefit cost (gain) $ 358 $ (23 ) $ 720 $ (49 ) Postretirement Benefits: Service cost $ 2 $ 2 $ 5 $ 4 Interest cost 53 48 106 95 Amortization of prior service benefit (69 ) (22 ) (137 ) (44 ) Amortization of actuarial net gain (10 ) (155 ) (19 ) (310 ) Net periodic benefit gain $ (24 ) $ (127 ) $ (45 ) $ (255 ) The service cost component is included in cost of goods sold and marketing, engineering, and administrative expenses. All other components of net periodic benefit cost are included in other (expense) income, net. The Company expects to contribute approximately $535 to its pension plans in fiscal 2024. December 27, 2024, The Company has reclassified $140 (net of $13 in taxes) of benefit plan adjustments from accumulated other comprehensive loss during the quarter ended December 27, 2024, December 29, 2023. two December 27, 2024, two December 29, 2023.

Note H - Income Taxes

Note H - Income Taxes	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H. Income Taxes Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with the estimated Annual Effective Tax Rate (AETR). Under this effective tax rate methodology, the Company applies an estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter. To calculate its AETR, an entity must estimate its ordinary income or loss and the related tax expense or benefit for its full fiscal year. In situations in which an entity is in a loss position and recognizes a full valuation allowance, the guidance in ASC 740 270 25 9 Permanent differences continue to fluctuate and are significant compared to projected ordinary income. Therefore, per ASC guidance, the fully valued domestic entity was removed from the annualized effective rate calculation. Because of the full U.S. valuation allowance, the U.S. entity may 740 10 For the Quarter-Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Foreign earnings, before income taxes of $ 1,552 1,683 2,406 2,199 $ 5,660 $ 6,209 $ 9,100 $ 8,264 Domestic losses, before income taxes of $ 0 21 227 9 (3,009 ) (3,612 ) (8,594 ) (6,204 ) Earnings before income taxes and noncontrolling interest $ 2,651 $ 2,597 $ 506 $ 2,060 Income tax expense $ 1,552 $ 1,662 $ 2,179 $ 2,208 Effective income tax rate 58.5 % 64.0 % 430.6 % 107.2 % Due to the full US valuation allowance currently in place, no A discrete expense was recorded during the period of $148 related to foreign returns filed compared to income tax provision accrued.

Note I - Intangible Assets

Note I - Intangible Assets	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	I. Intangible Assets As of December 27, 2024, Net Book Value Rollforward Net Book Value By Asset Type Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Total Balance at June 30, 2024 $ 34,533 $ (21,847 ) $ 12,686 $ 6,720 $ 2,098 $ 1,511 $ 2,357 $ 12,686 Addition 203 - 203 - - - 203 203 Amortization - (1,806 ) (1,806 ) (650 ) (627 ) (125 ) (404 ) (1,806 ) Translation adjustment (227 ) - (227 ) (156 ) (50 ) (18 ) (3 ) (227 ) Balance at December 27, 2024 $ 34,509 $ (23,653 ) $ 10,856 $ 5,914 $ 1,421 $ 1,368 $ 2,153 $ 10,856 Other intangibles consist mainly of computer software. Amortization is recorded on the basis of straight-line or accelerated, as appropriate, over the estimated useful lives of the assets. The weighted average remaining useful life of the intangible assets included in the table above is approximately 5 Intangible amortization expense was $880 and $817 for the quarters ended December 27, 2024, December 29, 2023, two December 27, 2024, December 29, 2023, 2025 five Fiscal Year 2025 $ 1,678 2026 2,552 2027 1,992 2028 1,785 2029 1,331 2030 307 Thereafter 1,211 $ 10,856

Note J - Long-term Debt

Note J - Long-term Debt	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	J. Long-term Debt Long-term debt at December 27, 2024 June 30, 2024 December 27, 2024 June 30, 2024 Credit Agreement Debt Revolving loans (expire April 2027) $ 15,851 $ 16,288 Term loan (due April 2027) 9,000 9,500 Other 22 23 Subtotal 24,873 25,811 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 22,873 $ 23,811 Credit Agreement Debt: June 29, 2018, “2016 not may, not April 1, 2027, may not April 1, 2027. Under the Credit Agreement as amended, interest rates are based on either the secured overnight financing rate (“SOFR”) or the euro interbank offered rate (the “EURIBO Rate”). Loans are designated either as “SOFR Loans,” which accrue interest at an Adjusted Term SOFR plus an Applicable Margin, or “Eurodollar Loans,” which accrue interest at the EURIBO Rate plus an Applicable Margin. Amounts drawn on a Letter of Credit that are not The Credit Agreement, as amended, requires the Company to meet certain financial covenants. Specifically, the Company’s Total Funded Debt to EBITDA ratio may not 1.00, may not 1.00. may not 50% June 30, 2023. Borrowings under the Credit Agreement are secured by substantially all of the Company’s personal property, including accounts receivable, inventory, machinery and equipment, and intellectual property. The Company has also pledged 100% of its equity interests in certain domestic subsidiaries and 65% of its equity interests in certain foreign subsidiaries. The Company also entered into a Collateral Assignment of Rights under Purchase Agreement for its acquisition of Veth Propulsion. To effect these security interests, the Company entered into various amendment and assignment agreements that consent to the assignment of certain agreements previously entered into between the Company and the Bank of Montreal in connection with the 2016 not The Company has also entered into a Deposit Account Control Agreement with the Bank, reflecting the Bank’s security interest in deposit accounts the Company maintains with the Bank. The Bank may not Upon the occurrence of an Event of Default, BMO may 1 2 3 may three The Company remains in compliance with its liquidity and other covenants. As of December 27, 2024, Other: December 27, 2024, As of December 27, 2024, The Company’s borrowings described above approximate fair value at December 27, 2024 June 30, 2024. 2 The Company is party to an interest rate swap arrangement with Bank of Montreal, with an initial notional amount of $20,000 and a maturity date of March 4, 2026 December 27, 2024, 815, During the fourth 2021,

Note K - Shareholders' Equity

Note K - Shareholders' Equity	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Equity [Text Block]	K. Shareholders Equity The Company, from time to time, makes open market purchases of its common stock under authorizations given to it by the Board of Directors, of which 315.0 shares as of December 27, 2024 not December 27, 2024 December 29, 2023. The following is a reconciliation of the Company’s equity balances for the first two 2025 2024: Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2024 41,798 129,592 (6,905 ) (9,783 ) 352 $ 155,054 Net loss (2,765 ) (7 ) (2,772 ) Dividends paid to shareholders (570 ) (570 ) Translation adjustments 7,148 143 7,291 Benefit plan adjustments, net of tax 221 221 Unrealized loss on hedges, net of tax (853 ) (853 ) Compensation expense 1,024 1,024 Stock awards, net (2,920 ) 1,671 (1,249 ) Balance, September 27, 2024 39,902 126,257 (389 ) (8,112 ) 488 158,146 Net income 919 180 1,099 Dividends paid to shareholders (566 ) (566 ) Translation adjustments (11,311 ) (58 ) (11,369 ) Benefit plan adjustments, net of tax (1,668 ) (1,668 ) Unrealized gain on hedges, net of tax 1,146 1,146 Compensation expense 853 853 Stock awards, net (644 ) 637 (7 ) Balance, December 27, 2024 $ 40,111 $ 126,610 $ (12,222 ) $ (7,475 ) $ 610 $ 147,634 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2023 42,855 120,299 (5,570 ) (12,491 ) 424 $ 145,517 Net (loss) income (1,173 ) 90 (1,083 ) Translation adjustments (3,096 ) 60 (3,036 ) Benefit plan adjustments, net of tax (171 ) (171 ) Unrealized gain on hedges, net of tax 216 216 Compensation expense 495 495 Stock awards, net (3,911 ) 2,148 (1,763 ) Balance, September 29, 2023 39,439 119,126 (8,621 ) (10,343 ) 574 140,175 Net income 930 5 935 Dividends paid to shareholders (560 ) (560 ) Translation adjustments 5,155 35 5,190 Benefit plan adjustments, net of tax (108 ) (108 ) Unrealized loss on hedges, net of tax (485 ) (485 ) Compensation expense 772 772 Stock awards, net (550 ) 541 (9 ) Balance, December 29, 2023 $ 39,661 $ 119,496 $ (4,059 ) $ (9,802 ) $ 614 $ 145,910 Reconciliations for the changes in accumulated other comprehensive loss, net of tax, by component for the quarters ended December 27, 2024 December 29, 2023 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2024 $ (849 ) $ (8,062 ) $ 504 $ 1,502 Translation adjustment during the quarter 7,148 - - - Amounts reclassified from accumulated other comprehensive loss - 221 (169 ) (684 ) Net current period other comprehensive income (loss) 7,148 221 (169 ) (684 ) Balance, September 27, 2024 $ 6,299 $ (7,841 ) $ 335 $ 818 Translation adjustment during the quarter (11,311 ) - - - Return on plan assets (1,808 ) Amounts reclassified from accumulated other comprehensive loss - 140 24 1,122 Net current period other comprehensive (loss) income (11,311 ) (1,668 ) 24 1,122 Balance, December 27, 2024 $ (5,012 ) $ (9,509 ) $ 359 $ 1,940 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Translation adjustment during the quarter (3,096 ) - - - Amounts reclassified from accumulated other comprehensive loss - (171 ) (6 ) 222 Net current period other comprehensive (loss) income (3,096 ) (171 ) (6 ) 222 Balance, September 29, 2023 $ (4,678 ) $ (6,119 ) $ 682 $ 1,494 Translation adjustment during the quarter 5,155 - - - Amounts reclassified from accumulated other comprehensive loss - (108 ) (183 ) (302 ) Net current period other comprehensive income (loss) 5,155 (108 ) (183 ) (302 ) Balance, December 29, 2023 $ 477 $ (6,227 ) $ 499 $ 1,192 Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended December 27, 2024 Quarter Ended Two Quarters Ended December 27, 2024 December 27, 2024 Changes in benefit plan items Actuarial losses $ 180 (a) $ 464 (a) Transition asset and prior service benefit (53 )(a) (104 )(a) Return on plan assets (1,808 ) (1,808 ) Total amortization (1,681 ) (1,448 ) Income taxes 13 2 Total reclassification, net of tax $ (1,668 ) $ (1,446 ) Reconciliation for the changes in benefit plan adjustments, net of tax for the quarter ended December 29, 2023 Quarter Ended Two Quarters Ended December 29, 2023 December 29, 2023 Changes in benefit plan items Actuarial losses $ (91 )(a) $ (263 )(a) Transition asset and prior service benefit (4 )(a) (8 )(a) Total amortization (95 ) (271 ) Income taxes (13 ) (8 ) Total reclassification, net of tax $ (108 ) $ (279 ) (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Earnings Per Share

Note L - Earnings Per Share	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	L. Earnings Per Share The Company calculates basic earnings per share based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted earnings per share includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted earnings per share excludes all potential common shares if their inclusion would have an anti-dilutive effect. Certain restricted stock award recipients have a non-forfeitable right to receive dividends declared by the Company and are therefore included in computing earnings per share pursuant to the two The components of basic and diluted earnings per share were as follows: For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Basic: Net income (loss) $ 1,099 $ 935 $ (1,673 ) $ (148 ) Less: Net income attributable to noncontrolling interest, net of tax (180 ) (5 ) (173 ) (95 ) Net income (loss) attributable to Twin Disc, Incorporated 919 930 (1,846 ) (243 ) Weighted average shares outstanding - basic 13,868 13,718 13,818 13,629 Basic Income (Loss) Per Share: Net earnings (loss) per share - basic $ 0.07 $ 0.07 $ (0.13 ) $ (0.02 ) Diluted: Net income (loss) $ 1,099 $ 935 $ (1,673 ) $ (148 ) Less: Net income attributable to noncontrolling interest, net of tax (180 ) (5 ) (173 ) (95 ) Net income (loss) attributable to Twin Disc, Incorporated 919 930 (1,846 ) (243 ) Weighted average shares outstanding - basic 13,868 13,718 13,818 13,629 Effect of dilutive stock awards 190 205 - - Weighted average shares outstanding - diluted 14,058 13,923 13,818 13,629 Diluted Income (Loss) Per Share: Net earnings (loss) per share - diluted $ 0.07 $ 0.07 $ (0.13 ) $ (0.02 ) The following potential common shares were excluded from diluted EPS for the two December 27, 2024 The following potential common shares were excluded from diluted EPS for the two December 29, 2023

Note M - Lease Liabilities

Note M - Lease Liabilities	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	M. Lease Liabilities The Company leases certain office and warehouse space, as well as production and office equipment. The Company determines if an arrangement is a lease at contract inception. The lease term begins upon lease commencement, which is when the Company takes possession of the asset, and may not The following table provides a summary of leases recorded on the condensed consolidated balance sheet. Condensed Consolidated Balance Sheet Location December 27, 2024 June 30, 2024 Lease Assets Right-of-use operating lease assets Right-of-use operating lease assets $ 16,431 $ 16,622 Right-of-use finance lease assets Property, plant and equipment, net 5,435 5,210 Lease Liabilities Right-of use operating lease liabilities, current Current maturities of right-of use operating lease obligations $ 2,813 $ 2,521 Right-of use operating lease liabilities, non-current Right-of use operating lease obligations 13,656 14,376 Right of use finance lease liabilities, current Accrued liabilities 880 713 Right of use finance lease liabilities, non-current Other long-term liabilities 4,980 4,795 The components of lease expense were as follows: For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Finance lease cost: Amortization of right-of-use assets $ 237 $ 175 $ 469 $ 397 Interest on lease liabilities 96 77 189 151 Operating lease cost 1,003 882 1,942 1,775 Short-term lease cost 22 6 33 9 Variable lease cost 139 99 239 199 Total lease cost 1,497 1,239 2,874 2,531 Less: Sublease income (21 ) (20 ) (42 ) (41 ) Net lease cost $ 1,476 $ 1,219 $ 2,830 $ 2,490 Other information related to leases was as follows: For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,084 $ 934 $ 2,086 $ 1,871 Operating cash flows from finance leases 97 76 192 149 Financing cash flows from finance leases 471 207 1,017 471 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 1,255 188 1,581 188 Finance leases 224 123 732 657 Weighted average remaining lease term (years): Operating leases 7.9 8.1 Finance lease 8.1 9.5 Weighted average discount rate: Operating leases 8.5 % 7.6 % Finance leases 6.4 % 5.8 % Approximate future minimum rental commitments under non-cancellable leases as of December 27, 2024 Operating Leases Finance Leases 2024 $ 2,095 $ 593 2025 3,869 1,154 2026 3,233 1,085 2027 2,339 986 2028 2,215 695 2029 1,774 526 Thereafter 7,661 2,285 Total future lease payments 23,186 7,324 Less: Amount representing interest (6,717 ) (1,464 ) Present value of future payments $ 16,469 $ 5,860

Note N - Derivative Financial I

Note N - Derivative Financial Instruments	6 Months Ended
	Dec. 27, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	N. Derivative Financial Instruments From time to time, the Company enters into derivative instruments to manage volatility arising from risks relating to interest rates and foreign currency exchange rates. The Company does not no The Company reports all derivative instruments on its condensed consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of transactions entered into for hedging purposes. Interest Rate Swap Contracts The Company has one December 27, 2024, 815, The primary purpose of the Company’s cash flow hedging activities is to manage the potential changes in value associated with interest payments on the Company’s SOFR-based indebtedness. The Company records gains and losses on interest rate swap contracts qualifying as cash flow hedges in accumulated other comprehensive loss to the extent that these hedges are effective and until the Company recognizes the underlying transactions in net earnings, at which time these gains and losses are recognized in interest expense on its condensed consolidated statements of operations and comprehensive income (loss). Cash flows from derivative financial instruments are classified as cash flows from financing activities on the consolidated statements of cash flows. These contracts generally have original maturities of greater than twelve Net unrealized after-tax gains related to cash flow hedging activities that were included in accumulated other comprehensive loss were $359 and $504 December 27, 2024, June 30, 2024, The Company estimates that $132 of net unrealized losses related to cash flow hedging activities included in accumulated other comprehensive loss will be reclassified into earnings within the next twelve Derivatives Designated as Net Investment Hedges The Company is exposed to foreign currency exchange rate risk related to its investment in net assets in foreign countries. During the fourth 2021, €13,000, December 27, 2024 June 30, 2024, Fair Value of Derivative Instruments The fair value of derivative instruments included in the condensed consolidated balance sheets were as follows: Condensed Consolidated Balance Sheet Location December 27, 2024 June 30, 2024 Derivative designated as hedge: Interest rate swap Other current assets $ 123 $ 218 Interest rate swap Other noncurrent assets 26 76 The impact of the Company’s derivative instruments on the condensed consolidated statements of operations and comprehensive (loss) income for the quarters ended December 27, 2024 December 29, 2023, Condensed Consolidated Statements of Operations and Comprehensive For the Quarter Ended For the Two Quarters Ended (Loss) Income Location December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Derivative designated as hedge: Interest rate swap Interest expense $ 55 $ 67 $ 112 $ 138 Interest rate swap Unrealized gain (loss) on hedges (24 ) 183 145 189 Net investment hedge Unrealized gain (loss) on hedges (1,122 ) 302 (438 ) 80

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 27, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Note B - Inventories (Tables)

Note B - Inventories (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 27, 2024 June 30, 2024 Inventories: Finished parts $ 59,396 $ 60,166 Work in process 24,503 23,096 Raw materials 44,379 47,222 $ 128,278 $ 130,484

Note C - Warranty (Tables)

Note C - Warranty (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Reserve balance, beginning of period $ 4,450 $ 4,160 $ 4,220 $ 3,476 Current period expense and adjustments 1,762 1,208 2,598 2,724 Payments or credits to customers (1,851 ) (898 ) (2,517 ) (1,718 ) Translation 198 18 258 6 Reserve balance, end of period $ 4,559 $ 4,488 $ 4,559 $ 4,488

Note E - Business Segments (Tab

Note E - Business Segments (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Net sales Manufacturing segment sales $ 76,463 $ 58,368 $ 139,781 $ 112,906 Distribution segment sales 35,727 37,242 65,311 70,095 Inter/Intra segment elimination – manufacturing (14,673 ) (18,795 ) (28,045 ) (38,979 ) Inter/Intra segment elimination – distribution (7,596 ) (3,821 ) (14,229 ) (7,475 ) $ 89,921 $ 72,994 $ 162,818 $ 136,547 Net income (loss) attributable to Twin Disc, Incorporated Manufacturing segment net income $ 3,131 $ 2,078 $ 5,000 $ 3,636 Distribution segment net income 1,228 3,173 2,179 4,179 Corporate and eliminations (3,440 ) (4,321 ) (9,025 ) (8,058 ) $ 919 $ 930 $ (1,846 ) $ (243 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets December 27, 2024 June 30, 2024 Manufacturing segment assets $ 459,422 $ 443,149 Distribution segment assets 39,376 73,033 Corporate assets and elimination of intercompany assets (191,438 ) (204,124 ) $ 307,360 $ 312,058
Revenue from External Customers by Products and Services [Table Text Block]	Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 9,329 $ 1,053 $ (923 ) $ 9,459 Land-based transmissions 18,594 2,101 (1,685 ) 19,010 Marine and propulsion systems 48,512 27,659 (19,479 ) 56,692 Other 28 4,914 (182 ) 4,760 Total $ 76,463 $ 35,727 $ (22,269 ) $ 89,921 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 5,704 $ 1,557 $ (730 ) $ 6,531 Land-based transmissions 15,003 7,953 (7,093 ) 15,863 Marine and propulsion systems 37,661 24,058 (14,773 ) 46,946 Other - 3,674 (20 ) 3,654 Total $ 58,368 $ 37,242 $ (22,616 ) $ 72,994 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 18,126 $ 2,106 $ (1,604 ) $ 18,628 Land-based transmissions 36,747 5,664 (6,117 ) 36,294 Marine and propulsion systems 84,859 48,992 (34,057 ) 99,794 Other 49 8,549 (496 ) 8,102 Total $ 139,781 $ 65,311 $ (42,274 ) $ 162,818 Elimination of Manufacturing Distribution Intercompany Sales Total Industrial $ 10,994 $ 2,586 $ (1,364 ) $ 12,216 Land-based transmissions 29,684 20,623 (15,867 ) 34,440 Marine and propulsion systems 72,228 40,378 (29,197 ) 83,409 Other - 6,508 (26 ) 6,482 Total $ 112,906 $ 70,095 $ (46,454 ) $ 136,547

Note G - Pension and Other Po_2

Note G - Pension and Other Postretirement Benefit Plans (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Pension Benefits: Service cost $ 81 $ 94 $ 164 $ 188 Prior service cost 5 - 10 - Interest cost 836 896 1,672 1,792 Expected return on plan assets (826 ) (1,048 ) (1,652 ) (2,096 ) Amortization of transition obligation 10 10 20 19 Amortization of prior service cost 6 9 13 17 Amortization of actuarial net loss 246 16 493 31 Net periodic benefit cost (gain) $ 358 $ (23 ) $ 720 $ (49 ) Postretirement Benefits: Service cost $ 2 $ 2 $ 5 $ 4 Interest cost 53 48 106 95 Amortization of prior service benefit (69 ) (22 ) (137 ) (44 ) Amortization of actuarial net gain (10 ) (155 ) (19 ) (310 ) Net periodic benefit gain $ (24 ) $ (127 ) $ (45 ) $ (255 )

Note H - Income Taxes (Tables)

Note H - Income Taxes (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	For the Quarter-Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Foreign earnings, before income taxes of $ 1,552 1,683 2,406 2,199 $ 5,660 $ 6,209 $ 9,100 $ 8,264 Domestic losses, before income taxes of $ 0 21 227 9 (3,009 ) (3,612 ) (8,594 ) (6,204 ) Earnings before income taxes and noncontrolling interest $ 2,651 $ 2,597 $ 506 $ 2,060 Income tax expense $ 1,552 $ 1,662 $ 2,179 $ 2,208 Effective income tax rate 58.5 % 64.0 % 430.6 % 107.2 %

Note I - Intangible Assets (Tab

Note I - Intangible Assets (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Net Book Value Rollforward Net Book Value By Asset Type Gross Carrying Amount Accumulated Amortization / Impairment Net Book Value Customer Relationships Technology Know-how Trade Name Other Total Balance at June 30, 2024 $ 34,533 $ (21,847 ) $ 12,686 $ 6,720 $ 2,098 $ 1,511 $ 2,357 $ 12,686 Addition 203 - 203 - - - 203 203 Amortization - (1,806 ) (1,806 ) (650 ) (627 ) (125 ) (404 ) (1,806 ) Translation adjustment (227 ) - (227 ) (156 ) (50 ) (18 ) (3 ) (227 ) Balance at December 27, 2024 $ 34,509 $ (23,653 ) $ 10,856 $ 5,914 $ 1,421 $ 1,368 $ 2,153 $ 10,856
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2025 $ 1,678 2026 2,552 2027 1,992 2028 1,785 2029 1,331 2030 307 Thereafter 1,211 $ 10,856

Note J - Long-term Debt (Tables

Note J - Long-term Debt (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Debt [Table Text Block]	December 27, 2024 June 30, 2024 Credit Agreement Debt Revolving loans (expire April 2027) $ 15,851 $ 16,288 Term loan (due April 2027) 9,000 9,500 Other 22 23 Subtotal 24,873 25,811 Less: current maturities (2,000 ) (2,000 ) Total long-term debt $ 22,873 $ 23,811

Note K - Shareholders' Equity (

Note K - Shareholders' Equity (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2024 41,798 129,592 (6,905 ) (9,783 ) 352 $ 155,054 Net loss (2,765 ) (7 ) (2,772 ) Dividends paid to shareholders (570 ) (570 ) Translation adjustments 7,148 143 7,291 Benefit plan adjustments, net of tax 221 221 Unrealized loss on hedges, net of tax (853 ) (853 ) Compensation expense 1,024 1,024 Stock awards, net (2,920 ) 1,671 (1,249 ) Balance, September 27, 2024 39,902 126,257 (389 ) (8,112 ) 488 158,146 Net income 919 180 1,099 Dividends paid to shareholders (566 ) (566 ) Translation adjustments (11,311 ) (58 ) (11,369 ) Benefit plan adjustments, net of tax (1,668 ) (1,668 ) Unrealized gain on hedges, net of tax 1,146 1,146 Compensation expense 853 853 Stock awards, net (644 ) 637 (7 ) Balance, December 27, 2024 $ 40,111 $ 126,610 $ (12,222 ) $ (7,475 ) $ 610 $ 147,634 Twin Disc, Inc. Shareholders’ Equity Accumulated Other Non- Common Retained Comprehensive Treasury Controlling Total Stock Earnings Loss Stock Interest Equity Balance, June 30, 2023 42,855 120,299 (5,570 ) (12,491 ) 424 $ 145,517 Net (loss) income (1,173 ) 90 (1,083 ) Translation adjustments (3,096 ) 60 (3,036 ) Benefit plan adjustments, net of tax (171 ) (171 ) Unrealized gain on hedges, net of tax 216 216 Compensation expense 495 495 Stock awards, net (3,911 ) 2,148 (1,763 ) Balance, September 29, 2023 39,439 119,126 (8,621 ) (10,343 ) 574 140,175 Net income 930 5 935 Dividends paid to shareholders (560 ) (560 ) Translation adjustments 5,155 35 5,190 Benefit plan adjustments, net of tax (108 ) (108 ) Unrealized loss on hedges, net of tax (485 ) (485 ) Compensation expense 772 772 Stock awards, net (550 ) 541 (9 ) Balance, December 29, 2023 $ 39,661 $ 119,496 $ (4,059 ) $ (9,802 ) $ 614 $ 145,910
Reconciliation For The Changes In Accumulated Other Comprehensive Income Loss Net Of Tax By Component [Table Text Block]	Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2024 $ (849 ) $ (8,062 ) $ 504 $ 1,502 Translation adjustment during the quarter 7,148 - - - Amounts reclassified from accumulated other comprehensive loss - 221 (169 ) (684 ) Net current period other comprehensive income (loss) 7,148 221 (169 ) (684 ) Balance, September 27, 2024 $ 6,299 $ (7,841 ) $ 335 $ 818 Translation adjustment during the quarter (11,311 ) - - - Return on plan assets (1,808 ) Amounts reclassified from accumulated other comprehensive loss - 140 24 1,122 Net current period other comprehensive (loss) income (11,311 ) (1,668 ) 24 1,122 Balance, December 27, 2024 $ (5,012 ) $ (9,509 ) $ 359 $ 1,940 Translation Benefit Plan Cash Flow Net Investment Adjustment Adjustment Hedges Hedges Balance, June 30, 2023 $ (1,582 ) $ (5,948 ) $ 688 $ 1,272 Translation adjustment during the quarter (3,096 ) - - - Amounts reclassified from accumulated other comprehensive loss - (171 ) (6 ) 222 Net current period other comprehensive (loss) income (3,096 ) (171 ) (6 ) 222 Balance, September 29, 2023 $ (4,678 ) $ (6,119 ) $ 682 $ 1,494 Translation adjustment during the quarter 5,155 - - - Amounts reclassified from accumulated other comprehensive loss - (108 ) (183 ) (302 ) Net current period other comprehensive income (loss) 5,155 (108 ) (183 ) (302 ) Balance, December 29, 2023 $ 477 $ (6,227 ) $ 499 $ 1,192
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Quarter Ended Two Quarters Ended December 27, 2024 December 27, 2024 Changes in benefit plan items Actuarial losses $ 180 (a) $ 464 (a) Transition asset and prior service benefit (53 )(a) (104 )(a) Return on plan assets (1,808 ) (1,808 ) Total amortization (1,681 ) (1,448 ) Income taxes 13 2 Total reclassification, net of tax $ (1,668 ) $ (1,446 ) Quarter Ended Two Quarters Ended December 29, 2023 December 29, 2023 Changes in benefit plan items Actuarial losses $ (91 )(a) $ (263 )(a) Transition asset and prior service benefit (4 )(a) (8 )(a) Total amortization (95 ) (271 ) Income taxes (13 ) (8 ) Total reclassification, net of tax $ (108 ) $ (279 )

Note L - Earnings Per Share (Ta

Note L - Earnings Per Share (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Basic: Net income (loss) $ 1,099 $ 935 $ (1,673 ) $ (148 ) Less: Net income attributable to noncontrolling interest, net of tax (180 ) (5 ) (173 ) (95 ) Net income (loss) attributable to Twin Disc, Incorporated 919 930 (1,846 ) (243 ) Weighted average shares outstanding - basic 13,868 13,718 13,818 13,629 Basic Income (Loss) Per Share: Net earnings (loss) per share - basic $ 0.07 $ 0.07 $ (0.13 ) $ (0.02 ) Diluted: Net income (loss) $ 1,099 $ 935 $ (1,673 ) $ (148 ) Less: Net income attributable to noncontrolling interest, net of tax (180 ) (5 ) (173 ) (95 ) Net income (loss) attributable to Twin Disc, Incorporated 919 930 (1,846 ) (243 ) Weighted average shares outstanding - basic 13,868 13,718 13,818 13,629 Effect of dilutive stock awards 190 205 - - Weighted average shares outstanding - diluted 14,058 13,923 13,818 13,629 Diluted Income (Loss) Per Share: Net earnings (loss) per share - diluted $ 0.07 $ 0.07 $ (0.13 ) $ (0.02 )

Note M - Lease Liabilities (Tab

Note M - Lease Liabilities (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Condensed Consolidated Balance Sheet Location December 27, 2024 June 30, 2024 Lease Assets Right-of-use operating lease assets Right-of-use operating lease assets $ 16,431 $ 16,622 Right-of-use finance lease assets Property, plant and equipment, net 5,435 5,210 Lease Liabilities Right-of use operating lease liabilities, current Current maturities of right-of use operating lease obligations $ 2,813 $ 2,521 Right-of use operating lease liabilities, non-current Right-of use operating lease obligations 13,656 14,376 Right of use finance lease liabilities, current Accrued liabilities 880 713 Right of use finance lease liabilities, non-current Other long-term liabilities 4,980 4,795
Lease, Cost [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Finance lease cost: Amortization of right-of-use assets $ 237 $ 175 $ 469 $ 397 Interest on lease liabilities 96 77 189 151 Operating lease cost 1,003 882 1,942 1,775 Short-term lease cost 22 6 33 9 Variable lease cost 139 99 239 199 Total lease cost 1,497 1,239 2,874 2,531 Less: Sublease income (21 ) (20 ) (42 ) (41 ) Net lease cost $ 1,476 $ 1,219 $ 2,830 $ 2,490
Operating and Finance Leases, Other Disclosures [Table Text Block]	For the Quarter Ended For the Two Quarters Ended December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,084 $ 934 $ 2,086 $ 1,871 Operating cash flows from finance leases 97 76 192 149 Financing cash flows from finance leases 471 207 1,017 471 Right-of-use-assets obtained in exchange for lease obligations: Operating leases 1,255 188 1,581 188 Finance leases 224 123 732 657 Weighted average remaining lease term (years): Operating leases 7.9 8.1 Finance lease 8.1 9.5 Weighted average discount rate: Operating leases 8.5 % 7.6 % Finance leases 6.4 % 5.8 %
Schedule of Future Minimum Rental Payments for Operating Leases and Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases 2024 $ 2,095 $ 593 2025 3,869 1,154 2026 3,233 1,085 2027 2,339 986 2028 2,215 695 2029 1,774 526 Thereafter 7,661 2,285 Total future lease payments 23,186 7,324 Less: Amount representing interest (6,717 ) (1,464 ) Present value of future payments $ 16,469 $ 5,860

Note N - Derivative Financial_2

Note N - Derivative Financial Instruments (Tables)	6 Months Ended
	Dec. 27, 2024
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Condensed Consolidated Balance Sheet Location December 27, 2024 June 30, 2024 Derivative designated as hedge: Interest rate swap Other current assets $ 123 $ 218 Interest rate swap Other noncurrent assets 26 76
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Condensed Consolidated Statements of Operations and Comprehensive For the Quarter Ended For the Two Quarters Ended (Loss) Income Location December 27, 2024 December 29, 2023 December 27, 2024 December 29, 2023 Derivative designated as hedge: Interest rate swap Interest expense $ 55 $ 67 $ 112 $ 138 Interest rate swap Unrealized gain (loss) on hedges (24 ) 183 145 189 Net investment hedge Unrealized gain (loss) on hedges (1,122 ) 302 (438 ) 80

Note A - Basis of Presentation

Note A - Basis of Presentation (Details Textual)	May 31, 2024
Katsa Oy [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100%

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Inventory Write-down				$ 1,579	$ 0
Industrial Products [Member]
Inventory Write-down	$ 1,600
Boat Management System Product Line [Member]
Inventory Write-down			$ 2,100
Boat Management System Product Line [Member] | UNITED STATES
Inventory Write-down		$ 1,600

Note B - Inventories - Inventor

Note B - Inventories - Inventories (Details) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Finished parts	$ 59,396	$ 60,166
Work in process	24,503	23,096
Raw materials	44,379	47,222
Total inventories	$ 128,278	$ 130,484

Note C - Warranty (Details Text

Note C - Warranty (Details Textual) - USD ($) $ in Thousands	Dec. 27, 2024	Dec. 29, 2023
Product Warranty Accrual, Current	$ 3,467	$ 3,549
Product Warranty Accrual, Noncurrent	$ 1,092	$ 939

Note C - Warranty - Warranty (D

Note C - Warranty - Warranty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Reserve balance, beginning of period	$ 4,450	$ 4,160	$ 4,220	$ 3,476
Current period expense and adjustments	1,762	1,208	2,598	2,724
Payments or credits to customers	(1,851)	(898)	(2,517)	(1,718)
Translation	198	18	258	6
Reserve balance, end of period	$ 4,559	$ 4,488	$ 4,559	$ 4,488

Note E - Business Segments (Det

Note E - Business Segments (Details Textual)	3 Months Ended
	Dec. 27, 2024
Number of Reportable Segments	2

Note E - Business Segments - Re

Note E - Business Segments - Revenues by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Net sales	$ 89,921	$ 72,994	$ 162,818	$ 136,547
Manufacturing segment net income	919	930	(1,846)	(243)
Intersegment Eliminations [Member]
Net sales	(22,269)	(22,616)	(42,274)	(46,454)
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Manufacturing segment net income	(3,440)	(4,321)	(9,025)	(8,058)
Manufacturing Segment [Member] | Operating Segments [Member]
Net sales	76,463	58,368	139,781	112,906
Manufacturing segment net income	3,131	2,078	5,000	3,636
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net sales	(14,673)	(18,795)	(28,045)	(38,979)
Distribution Segment [Member] | Operating Segments [Member]
Net sales	35,727	37,242	65,311	70,095
Manufacturing segment net income	1,228	3,173	2,179	4,179
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net sales	$ (7,596)	$ (3,821)	$ (14,229)	$ (7,475)

Note E - Business Segments - As

Note E - Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Segment Assets	$ 307,360	$ 312,058
Operating Segments [Member] | Manufacturing Segment [Member]
Segment Assets	459,422	443,149
Operating Segments [Member] | Distribution Segment [Member]
Segment Assets	39,376	73,033
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Segment Assets	$ (191,438)	$ (204,124)

Note E - Business Segments - Ne

Note E - Business Segments - Net Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Net Sales	$ 89,921	$ 72,994	$ 162,818	$ 136,547
Intersegment Eliminations [Member]
Net Sales	(22,269)	(22,616)	(42,274)	(46,454)
Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	76,463	58,368	139,781	112,906
Manufacturing Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(14,673)	(18,795)	(28,045)	(38,979)
Distribution Segment [Member] | Operating Segments [Member]
Net Sales	35,727	37,242	65,311	70,095
Distribution Segment [Member] | Intersegment Eliminations [Member]
Net Sales	(7,596)	(3,821)	(14,229)	(7,475)
Industrial [Member]
Net Sales	9,459	6,531	18,628	12,216
Industrial [Member] | Intersegment Eliminations [Member]
Net Sales	(923)	(730)	(1,604)	(1,364)
Industrial [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	9,329	5,704	18,126	10,994
Industrial [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	1,053	1,557	2,106	2,586
Land Based Transmissions [Member]
Net Sales	19,010	15,863	36,294	34,440
Land Based Transmissions [Member] | Intersegment Eliminations [Member]
Net Sales	(1,685)	(7,093)	(6,117)	(15,867)
Land Based Transmissions [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	18,594	15,003	36,747	29,684
Land Based Transmissions [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	2,101	7,953	5,664	20,623
Marine and Propulsion Systems [Member]
Net Sales	56,692	46,946	99,794	83,409
Marine and Propulsion Systems [Member] | Intersegment Eliminations [Member]
Net Sales	(19,479)	(14,773)	(34,057)	(29,197)
Marine and Propulsion Systems [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	48,512	37,661	84,859	72,228
Marine and Propulsion Systems [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	27,659	24,058	48,992	40,378
Other [Member]
Net Sales	4,760	3,654	8,102	6,482
Other [Member] | Intersegment Eliminations [Member]
Net Sales	(182)	(20)	(496)	(26)
Other [Member] | Manufacturing Segment [Member] | Operating Segments [Member]
Net Sales	28	0	49	0
Other [Member] | Distribution Segment [Member] | Operating Segments [Member]
Net Sales	$ 4,914	$ 3,674	$ 8,549	$ 6,508

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		15 Months Ended
	Dec. 27, 2024	Sep. 27, 2024	Dec. 29, 2023	Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023	Dec. 29, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	1,636,550				1,636,550
Performance Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	232,200		238,700		232,200	238,700
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					116,100	119,300
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					3 years	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	350,000		335,200		350,000	335,200
Share-Based Payment Arrangement, Expense	$ 376				$ 1,035	$ 379	$ 325
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 10.85				$ 10.85
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2,296				$ 2,296
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value				$ 0	$ 0
Performance Stock Unit Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	20,900				20,900
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					0	10,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	10,500		10,500		10,500	10,500
Share-Based Payment Arrangement, Expense	$ 11		$ 11		$ 22	$ 18
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 12.15				$ 12.15
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 65				$ 65
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value		$ 0				$ 0
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					44,000	115,700
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	251,000		251,300		251,000	251,300
Share-Based Payment Arrangement, Expense	$ 317		$ 310		$ 628	$ 623
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,176				1,176
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 437	$ 2,206
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)					0	2,400
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					3 years
Restricted Stock [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Restricted Stock [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					77,400	7,100
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)	159,900		135,000		159,900	135,000
Share-Based Payment Arrangement, Expense	$ 149		$ 126		$ 192	$ 247
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 10.88				$ 10.88
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,022				$ 1,022
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 701	$ 25
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					3 years
The 2021 Long-Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	715,000				715,000
The 2020 Directors Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	521,550				521,550
Amended and Restated 2021 Omnibus Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	400,000				400,000

Note G - Pension and Other Po_3

Note G - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, after Tax	$ (140)	$ (108)	$ (361)	$ (279)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	13	$ (13)	2	$ (8)
Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 535		535
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 396

Note G - Pension and Other Po_4

Note G - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Amortization of prior service cost	$ (69)	$ (22)	$ (137)	$ (44)
Amortization of actuarial net loss	(10)	(155)	(19)	(310)
Pension Plan [Member]
Service cost	81	94	164	188
Prior service cost	5	0	10	0
Interest cost	836	896	1,672	1,792
Expected return on plan assets	(826)	(1,048)	(1,652)	(2,096)
Amortization of transition obligation	10	10	20	19
Amortization of prior service cost	6	9	13	17
Amortization of actuarial net loss	246	16	493	31
Net periodic benefit cost (gain)	358	(23)	720	(49)
Other Postretirement Benefits Plan [Member]
Service cost	2	2	5	4
Interest cost	53	48	106	95
Net periodic benefit cost (gain)	$ (24)	$ (127)	$ (45)	$ (255)

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) $ in Thousands	3 Months Ended
	Dec. 27, 2024 USD ($)
Effective Income Tax Rate Reconciliation, Release of Uncertain Tax Positions, Amount	$ 148

Note H - Income Taxes - Reconci

Note H - Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Foreign earnings, before income taxes of $1,552, $1,683, $2,406, and $2,199, respectively	$ 5,660	$ 6,209	$ 9,100	$ 8,264
Domestic losses, before income taxes of $0, ($21), ($227) and $9, respectively	(3,009)	(3,612)	(8,594)	(6,204)
Earnings before income taxes and noncontrolling interest	2,651	2,597	506	2,060
Income tax expense	$ 1,552	$ 1,662	$ 2,179	$ 2,208
Effective income tax rate	58.50%	64%	430.60%	107.20%

Note H - Income Taxes - Recon_2

Note H - Income Taxes - Reconciliation of Income Taxes (Details) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Foreign earnings, tax	$ 1,552	$ 1,683	$ 2,406	$ 2,199
Domestic losses, tax	$ 0	$ (21)	$ (227)	$ 9

Note I - Intangible Assets (Det

Note I - Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Amortization of Intangible Assets	$ 880	$ 817	$ 1,806	$ 1,636

Note I - Intangible Assets - In

Note I - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Balance, Definite Intangible Assets Gross Carrying Amount			$ 34,533
Balance, Definite Intangible Assets Accumulated Amortization/Impairment			(21,847)
Balance at June 30, Definite Intangible Assets Net Book Value			12,686
Addition, Definite Intangible Assets Gross Carrying Amount			203
Addition, Definite Intangible Assets Net Book Value			203
Amortization, Intangible Asset	$ (880)	$ (817)	(1,806)	$ (1,636)
Translation adjustment, Definite Intangible Assets Gross Carrying Amount			(227)
Translation adjustment, Definite Intangible Assets Net Book Value			(227)
Balance, Definite Intangible Assets Gross Carrying Amount	34,509		34,509
Balance, Definite Intangible Assets Accumulated Amortization/Impairment	(23,653)		(23,653)
Balance at June 30, Definite Intangible Assets Net Book Value	10,856		10,856
Customer Relationships [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			6,720
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(650)
Translation adjustment, Definite Intangible Assets Net Book Value			(156)
Balance at June 30, Definite Intangible Assets Net Book Value	5,914		5,914
Technology-Based Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			2,098
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(627)
Translation adjustment, Definite Intangible Assets Net Book Value			(50)
Balance at June 30, Definite Intangible Assets Net Book Value	1,421		1,421
Trade Names [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			1,511
Addition, Definite Intangible Assets Net Book Value			0
Amortization, Intangible Asset			(125)
Translation adjustment, Definite Intangible Assets Net Book Value			(18)
Balance at June 30, Definite Intangible Assets Net Book Value	1,368		1,368
Other Intangible Assets [Member]
Balance at June 30, Definite Intangible Assets Net Book Value			2,357
Addition, Definite Intangible Assets Net Book Value			203
Amortization, Intangible Asset			(404)
Translation adjustment, Definite Intangible Assets Net Book Value			(3)
Balance at June 30, Definite Intangible Assets Net Book Value	$ 2,153		$ 2,153

Note I - Intangible Assets - Es

Note I - Intangible Assets - Estimated Intangibles Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
2025	$ 1,678
2026	2,552
2027	1,992
2028	1,785
2029	1,331
2030	307
Thereafter	1,211
Finite-Lived Intangible Assets, Net	$ 10,856	$ 12,686

Note J - Long-term Debt (Detail

Note J - Long-term Debt (Details Textual) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 27, 2024 USD ($)	Dec. 27, 2024 USD ($)	Jun. 30, 2024 USD ($)	Apr. 01, 2024 USD ($)	Jun. 29, 2018 USD ($)
Long-Term Debt, Current Maturities	$ 2,000	$ 2,000	$ 2,000
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	9,000	9,000			$ 20,000
Katsa Oy [Member]
Business Acquisition, Transaction Costs	$ 600	$ 600
BMO [Member] | The 2018 Credit Agreement [Member]
Debt Instrument, Percentage of Equity Interest in Domestic Subsidiaries Pledged	100%	100%
Debt Instrument, Percentage of Equity Interest in Foreign Subsidiaries Pledged	65%	65%
Debt Instrument, Debt Default, Percentage of Letter of Credit Obligations Required to Cash Collateralize	105%	105%
Long-Term Debt, Current Maturities	$ 2,000	$ 2,000
BMO [Member] | The 2018 Credit Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity	$ 20,000	20,000
Debt Instrument, Periodic Payment, Total		500
Debt Instrument, Interest Rate During Period	7.94%
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Agreement, Maximum Borrowing Capacity					35,000
Line of Credit Facility, Maximum Borrowing Capacity					$ 50,000
Debt Instrument, Interest Rate During Period	6.09%
Line of Credit Facility, Current Borrowing Capacity	$ 42,909	42,909
Line of Credit Facility, Remaining Borrowing Capacity	27,058	27,058
BMO [Member] | The 2018 Credit Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Covenant, Maximum Cash Dividends				$ 5,000
BMO [Member] | The Tenth Amendment [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 45,000
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth Plus Half of Net Income	$ 100,000	$ 100,000
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		3.625%
BMO [Member] | The Ninth Amendment [Member] | Term Loan [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.125%
BMO [Member] | The Ninth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.30%
BMO [Member] | The Ninth Amendment [Member] | Unused Revolving Credit Commitment [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.15%
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		3.50%
Fixed Charge Coverage Ratio	1.1	1.1
BMO [Member] | The Ninth Amendment [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		2%
Total Funded Debt To EBITDA Allowable Ratio	3.5	3.5

Note J - Long-term Debt - Sched

Note J - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Long-term debt	$ 24,873	$ 25,811
Less: current maturities	(2,000)	(2,000)
Total long-term debt	22,873	23,811
Revolving Loan [Member]
Long-term debt	15,851	16,288
Term Loan [Member]
Long-term debt	9,000	9,500
Other Long-Term Debt [Member]
Long-term debt	$ 22	$ 23

Note K - Shareholders' Equity_2

Note K - Shareholders' Equity (Details Textual) - shares	6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023
Share Repurchase Program, Remaining Authorized, Number of Shares (in shares)	315
Treasury Stock, Shares, Acquired (in shares)	0	0

Note K - Shareholders' Equity -

Note K - Shareholders' Equity - Shareholders' Equity Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 27, 2024	Sep. 27, 2024	Dec. 29, 2023	Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Balance	$ 158,146	$ 155,054	$ 140,175	$ 145,517	$ 155,054	$ 145,517
Net income (loss)	1,099	(2,772)	935	(1,083)	(1,673)	(148)
Dividends paid to shareholders	(566)	(570)	(560)
Translation adjustments	(11,369)	7,291	5,190	(3,036)	(4,078)	2,154
Benefit plan adjustments, net of tax	(1,668)	221	(108)	(171)	(1,446)	(279)
Unrealized gain (loss) on hedges	1,146	(853)	(485)	216	293	(269)
Compensation expense	853	1,024	772	495
Stock awards, net	(7)	(1,249)	(9)	(1,763)
Balance	147,634	158,146	145,910	140,175	147,634	145,910
Common Stock [Member]
Balance	39,902	41,798	39,439	42,855	41,798	42,855
Compensation expense	853	1,024	772	495
Stock awards, net	(644)	(2,920)	(550)	(3,911)
Balance	40,111	39,902	39,661	39,439	40,111	39,661
Retained Earnings [Member]
Balance	126,257	129,592	119,126	120,299	129,592	120,299
Net income (loss)	919	(2,765)	930	(1,173)
Dividends paid to shareholders	(566)	(570)	(560)
Balance	126,610	126,257	119,496	119,126	126,610	119,496
AOCI Attributable to Parent [Member]
Balance	(389)	(6,905)	(8,621)	(5,570)	(6,905)	(5,570)
Translation adjustments	(11,311)	7,148	5,155	(3,096)
Benefit plan adjustments, net of tax	(1,668)	221	(108)	(171)
Unrealized gain (loss) on hedges	1,146	(853)	(485)	216
Balance	(12,222)	(389)	(4,059)	(8,621)	(12,222)	(4,059)
Treasury Stock, Common [Member]
Balance	(8,112)	(9,783)	(10,343)	(12,491)	(9,783)	(12,491)
Stock awards, net	637	1,671	541	2,148
Balance	(7,475)	(8,112)	(9,802)	(10,343)	(7,475)	(9,802)
Noncontrolling Interest [Member]
Balance	488	352	574	424	352	424
Net income (loss)	180	(7)	5	90
Translation adjustments	(58)	143	35	60
Balance	$ 610	$ 488	$ 614	$ 574	$ 610	$ 614

Note K - Shareholders' Equity_3

Note K - Shareholders' Equity - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 27, 2024	Sep. 27, 2024	Dec. 29, 2023	Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Balance	$ 158,146	$ 155,054	$ 140,175	$ 145,517	$ 155,054	$ 145,517
Translation adjustment during the quarter	(11,369)	7,291	5,190	(3,036)	(4,078)	2,154
Balance	147,634	158,146	145,910	140,175	147,634	145,910
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	6,299	(849)	(4,678)	(1,582)	(849)	(1,582)
Translation adjustment during the quarter	(11,311)	7,148	5,155	(3,096)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Net current period other comprehensive income (loss)	(11,311)	7,148	5,155	(3,096)
Balance	(5,012)	6,299	477	(4,678)	(5,012)	477
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(7,841)	(8,062)	(6,119)	(5,948)	(8,062)	(5,948)
Translation adjustment during the quarter	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	140	221	(108)	(171)
Net current period other comprehensive income (loss)	(1,668)	221	(108)	(171)
Return on plan assets	(1,808)
Balance	(9,509)	(7,841)	(6,227)	(6,119)	(9,509)	(6,227)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	335	504	682	688	504	688
Translation adjustment during the quarter	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	24	(169)	(183)	(6)
Net current period other comprehensive income (loss)	24	(169)	(183)	(6)
Balance	359	335	499	682	359	499
Accumulated Gain (Loss), Net, Net Investment Hedge [Member]
Balance	818	1,502	1,494	1,272	1,502	1,272
Translation adjustment during the quarter	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	1,122	(684)	(302)	222
Net current period other comprehensive income (loss)	1,122	(684)	(302)	222
Balance	$ 1,940	$ 818	$ 1,192	$ 1,494	$ 1,940	$ 1,192

Note K - Shareholders' Equity_4

Note K - Shareholders' Equity - Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended
	Dec. 27, 2024		Sep. 27, 2024	Dec. 29, 2023		Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Total amortization	$ 2,651			$ 2,597			$ 506	$ 2,060
Income tax expense	1,552			1,662			2,179	2,208
Net income (loss)	1,099		$ (2,772)	935		$ (1,083)	(1,673)	(148)
Income taxes	1,552			1,662			2,179	2,208
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Actuarial losses	180			(91)	[1]		464	(263)	[1]
Transition asset and prior service benefit	(53)	[1]		(4)	[1]		(104)	(8)	[1]
Return on plan assets	(1,808)						(1,808)
Total amortization	(1,681)			(95)			(1,448)	(271)
Income tax expense	13			(13)			2	(8)
Net income (loss)	(1,668)			(108)			(1,446)	(279)
Income taxes	$ 13			$ (13)			$ 2	$ (8)
[1]These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note G, "Pension and Other Postretirement Benefit Plans" for further details).

Note L - Earnings Per Share (De

Note L - Earnings Per Share (Details Textual) - shares	6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	404,300	330,000
PSAU Award [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	7,900	10,500
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	171,000	80,200
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	68,000	87,400

Note L - Earnings Per Share - C

Note L - Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 27, 2024	Sep. 27, 2024	Dec. 29, 2023	Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Net loss	$ 1,099	$ (2,772)	$ 935	$ (1,083)	$ (1,673)	$ (148)
Less: Net income attributable to noncontrolling interest, net of tax	(180)		(5)		(173)	(95)
Net income (loss) attributable to Twin Disc, Incorporated	$ 919		$ 930		$ (1,846)	$ (243)
Weighted average shares outstanding - basic (in shares)	13,868		13,718		13,818	13,629
Basic income (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$ 0.07		$ 0.07		$ (0.13)	$ (0.02)
Effect of dilutive stock awards (in shares)	190		205		0	0
Weighted average shares outstanding - diluted (in shares)	14,058		13,923		13,818	13,629
Diluted income (loss) per share attributable to Twin Disc, Incorporated common shareholders (in dollars per share)	$ 0.07		$ 0.07		$ (0.13)	$ (0.02)

Note M - Lease Liabilities - Co

Note M - Lease Liabilities - Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Assets [Abstract]
Operating Lease, Right-of-Use Asset	$ 16,431	$ 16,622
Right-of-use operating lease assets	Right-of-use operating lease assets
Right-of-use operating lease assets	$ 16,431	16,622
Right-of-use finance lease assets	5,435	5,210
Current maturities of right-of use operating lease obligations	2,813	2,521
Right-of use operating lease liabilities, non-current	13,656	14,376
Right of use finance lease liabilities, current	880	713
Right of use finance lease liabilities, non-current	$ 4,980	$ 4,795

Note M - Lease Liabilities - _2

Note M - Lease Liabilities - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Amortization of right-of-use assets	$ 237	$ 175	$ 469	$ 397
Interest on lease liabilities	96	77	189	151
Operating lease cost	1,003	882	1,942	1,775
Short-term lease cost	22	6	33	9
Variable lease cost	139	99	239	199
Total lease cost	1,497	1,239	2,874	2,531
Less: Sublease income	(21)	(20)	(42)	(41)
Net lease cost	$ 1,476	$ 1,219	$ 2,830	$ 2,490

Note M - Lease Liabilities - Ot

Note M - Lease Liabilities - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 27, 2024	Dec. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Operating cash flows from operating leases	$ 1,084	$ 934	$ 2,086	$ 1,871
Operating cash flows from finance leases	97	76	192	149
Financing cash flows from finance leases	471	207	1,017	471
Right-of-use-assets obtained in exchange for lease obligations: Operating leases	1,255	188	1,581	188
Right-of-use-assets obtained in exchange for lease obligations: Finance leases	$ 224	$ 123	$ 732	$ 657
Weighted average remaining lease term (years): Operating leases (Year)	7 years 10 months 24 days	8 years 1 month 6 days	7 years 10 months 24 days	8 years 1 month 6 days
Weighted average remaining lease term (years): Finance lease (Year)	8 years 1 month 6 days	9 years 6 months	8 years 1 month 6 days	9 years 6 months
Weighted average discount rate: Operating leases	8.50%	7.60%	8.50%	7.60%
Weighted average discount rate: Finance leases	6.40%	5.80%	6.40%	5.80%

Note M - Lease Liabilities - Fu

Note M - Lease Liabilities - Future Minimum Rental Commitments Under Noncancelable Leases (Details) $ in Thousands	Dec. 27, 2024 USD ($)
2024, Operating Leases	$ 2,095
2024, Finance Leases	593
2025, Operating Leases	3,869
2025, Finance Leases	1,154
2026, Operating Leases	3,233
2026, Finance Leases	1,085
2027, Operating Leases	2,339
2027, Finance Leases	986
2028, Operating Leases	2,215
2028, Finance Leases	695
2029, Operating Leases	1,774
2029, Finance Leases	526
Thereafter, Operating Leases	7,661
Thereafter, Finance Leases	2,285
Total future lease payments, Operating Leases	23,186
Total future lease payments, Finance Leases	7,324
Less: Amount representing interest, Operating Leases	(6,717)
Less: Amount representing interest, Finance Leases	(1,464)
Present value of future payments, Operating Leases	16,469
Present value of future payments, Finance Leases	$ 5,860

Note N - Derivative Financial_3

Note N - Derivative Financial Instruments (Details Textual) $ in Thousands, € in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 27, 2024 USD ($)	Dec. 27, 2024 USD ($)	Jun. 30, 2024 USD ($)	Sep. 27, 2024 USD ($)	Dec. 29, 2023 USD ($)	Sep. 29, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2021 EUR (€)	Jun. 29, 2018 USD ($)
Equity, Including Portion Attributable to Noncontrolling Interest	$ 147,634	$ 147,634	$ 155,054	$ 158,146	$ 145,910	$ 140,175	$ 145,517
Cash Flow Hedge Gain (Loss) to be Reclassified within 12 Months	132
Interest Rate Swap [Member]
Derivative, Number of Instruments Held				1
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Bank of Montreal [Member]
Derivative, Notional Amount	9,000	9,000							$ 20,000
Equity, Including Portion Attributable to Noncontrolling Interest	$ (359)	(359)	(504)
Euro Denominated Revolving Loan [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative, Notional Amount | €								€ 13
Derivative, Gain (Loss) on Derivative, Net		$ (1,940)	$ (1,502)

Note N - Derivative Financial_4

Note N - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Interest rate swap	$ 123	$ 218
Interest rate swap	$ 26	$ 76

Note N - Derivative Financial_5

Note N - Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) (Parentheticals) - USD ($) $ in Thousands	Dec. 27, 2024	Jun. 30, 2024
Assets, Current [Abstract]
Other Assets, Current	$ 18,712	$ 16,870
Assets, Noncurrent [Abstract]
Other Assets, Noncurrent	$ 2,722	$ 2,706
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other Assets, Current	Other Assets, Current
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent

Note N - Derivative Financial_6

Note N - Derivative Financial Instruments - Impact of the Company's Derivative Instruments on the Consolidated Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 27, 2024	Sep. 27, 2024	Dec. 29, 2023	Sep. 29, 2023	Dec. 27, 2024	Dec. 29, 2023
Unrealized gain (loss) on hedges	$ 1,146	$ (853)	$ (485)	$ 216	$ 293	$ (269)
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Cash Flow Hedging [Member]
Unrealized gain (loss) on hedges	(24)		183		145	189
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Gain (loss) on derivative instruments	55		67		112	138
Euro Denominated Revolving Loan [Member] | Designated as Hedging Instrument [Member] | Unrealized Gain (Loss) on Hedges [Member] | Net Investment Hedging [Member]
Unrealized gain (loss) on hedges	$ (1,122)		$ 302		$ (438)	$ 80