Twin Disc, Incorporated
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $240.7M | $168.2M | $166.3M | $265.8M | $263.9M | $285.3M | $355.9M | $310.4M |
| Cost of Revenue | $160.1M | $120.0M | $125.7M | $182.8M | $186.7M | $205.3M | $234.2M | $202.7M |
| Gross Profit | $80.6M | $48.2M | $40.6M | $83.0M | $77.3M | $80.0M | $121.6M | $107.7M |
| Gross Margin | 33.5% | 28.7% | 24.4% | 31.2% | 29.3% | 28.1% | 34.2% | 34.7% |
| Operating Expenses | ||||||||
| Research & Development | $1.6M | $1.5M | $1.8M | $2.3M | $3.0M | $3.1M | $2.7M | $2.5M |
| SG&A Expense | $61.1M | $52.8M | $57.1M | $64.3M | $67.4M | $67.9M | $73.1M | — |
| Operating Income | $16.1M | $-9.0M | $-24.6M | $15.5M | $8.9M | $10.0M | $44.9M | $34.7M |
| Operating Margin | 6.7% | -5.3% | -14.8% | 5.8% | 3.4% | 3.5% | 12.6% | 11.2% |
| Interest Expense | $282.0K | $303.0K | $426.0K | $606.0K | $936.0K | $1.4M | $1.5M | $1.7M |
| Pretax Income | $14.4M | $-9.5M | $-25.3M | $15.9M | $8.1M | $9.2M | $44.8M | $32.0M |
| Income Tax Expense | $4.8M | $-3.4M | $-12.3M | $4.5M | $4.2M | $5.0M | $17.8M | $13.9M |
| Net Income | $9.5M | $-6.3M | $-13.1M | $11.2M | $3.6M | $3.9M | $26.7M | $18.0M |
| Net Margin | 4.0% | -3.7% | -7.9% | 4.2% | 1.4% | 1.4% | 7.5% | 5.8% |
| EPS (Basic) | $0.82 | $-0.56 | $-1.17 | $0.99 | $0.32 | $0.34 | $2.34 | $1.59 |
| EPS (Diluted) | $0.82 | $-0.56 | $-1.17 | $0.99 | $0.32 | $0.34 | $2.31 | $1.57 |
| Shares Outstanding (Basic) | 11.3M | 11.2M | 11.2M | 11.3M | 11.3M | 11.3M | 11.4M | 11.3M |
| Shares Outstanding (Diluted) | 11.4M | 11.2M | 11.2M | 11.3M | 11.3M | 11.4M | 11.6M | 11.5M |
| Dividends Per Share | $0.00 | $0.00 | $0.18 | $0.36 | $0.36 | $0.36 | $0.34 | $0.30 |