Note M - Earnings Per Share

9 Months Ended

Mar. 27, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

M.	Earnings Per Share

The Company calculates basic earnings per share (“EPS”) based upon the weighted average number of common shares outstanding during the period, while the calculation of diluted EPS includes the dilutive effect of potential common shares outstanding during the period. The calculation of diluted EPS 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 EPS pursuant to the two-class method.

The components of basic and diluted EPS were as follows:

		For the Quarter Ended								For the Three Quarters Ended
		March 27, 2026				March 28, 2025				March 27, 2026				March 28, 2025
Basic:
Net income (loss)		$	3,556			$	(1,422	)		$	25,622			$	(3,094	)
Less: Net income (loss) attributable to noncontrolling interest, net of tax			231				50				444				223
Net income (loss) attributable to Twin Disc, Incorporated			3,325				(1,472	)			25,178				(3,317	)

Weighted average shares outstanding - basic			14,198				13,895				14,095				13,841

Basic earnings (loss) per share:
Basic earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders		$	0.23			$	(0.11	)		$	1.79			$	(0.24	)

Diluted:
Net income (loss)		$	3,556			$	(1,422	)		$	25,622			$	(3,094	)
Less: Net income (loss) attributable to noncontrolling interest, net of tax			231				50				444				223
Net income (loss) attributable to Twin Disc, Incorporated			3,325				(1,472	)			25,178				(3,317	)

Weighted average shares outstanding - basic			14,198				13,895				14,095				13,841
Effect of dilutive stock awards			218				-				218				-
Weighted average shares outstanding - diluted			14,416				13,895				14,313				13,841

Diluted earnings (loss) per share:
Diluted earnings (loss) per share attributable to Twin Disc, Incorporated common shareholders		$	0.23			$	(0.11	)		$	1.76			$	(0.24	)

The following potential common shares were excluded from diluted EPS for the quarter and three quarters ended March 28, 2025 as the Company reported a net loss: 350.0 related to the Company’s unvested PSAs, 10.5 related to the Company’s unvested PSUAs, 251.3 related to the Company’s unvested RS awards, and 156.9 related to the Company’s unvested RSUs.