TWIN DISC INC

Twin Disc's Board approved an amendment to its 2021 Omnibus Incentive Plan, increasing the number of shares available for awards by 700,000 to 2,336,550. This amendment requires shareholder approval by August 5, 2027. Additionally, the Compensation Committee approved 4.0% base salary increases for CEO John H. Batten to $740,554 and CFO Jeffrey S. Knutson to $454,480, effective October 1, 2026. Both executives also received restricted stock and performance stock awards under the amended plan.

Twin Disc, Inc. announced that its Board of Directors approved a regular quarterly cash dividend of $0.05 per share, marking a 25% increase from the previous quarter's dividend. The dividend is scheduled for payment on September 1, 2026, to shareholders who are on record by the close of business on August 18, 2026. President and CEO John H. Batten stated that the increase reflects the company's operational progress and commitment to delivering shareholder value.

Twin Disc, Incorporated entered into a new Credit Agreement on June 30, 2026, refinancing its previous agreement. The new agreement provides $30,000,000 in Term Loans, maturing on June 30, 2031, with quarterly principal installments starting at $375,000. Additionally, the company secured a Revolving Credit Commitment of up to $60,000,000, also terminating on June 30, 2031. The loans are secured by company assets and bear interest rates based on various benchmarks.

Twin Disc, Inc. announced its inclusion in the Russell 2000® and Russell 3000® indexes, effective June 29, 2026. CEO John H. Batten highlighted this as a significant milestone, reflecting the company's progress and strategic execution. The company anticipates that this inclusion will enhance its visibility within the investment community and contribute to long-term shareholder value, given that Russell indexes are widely utilized by institutional investors.

Twin Disc, Inc. announced that its Chief Executive Officer, John Batten, and Chief Financial Officer, Jeff Knutson, will present at the Noble Capital Markets Emerging Growth Virtual Equity Conference on Thursday, June 4, at 8:30 am Central. The executives will also be available for one-on-one meetings with investors registered for the conference. Interested investors can contact the Company's Investor Relations team for additional information or to request a meeting.

Twin Disc reported strong third-quarter fiscal 2026 results, with net sales increasing to $96.7 million and a significant swing from a net loss to a net profit of $3.3 million, or $0.23 per diluted share. Year-to-date, the company also saw substantial growth, achieving $266.9 million in net sales and a net income of $25.2 million, or $1.76 per diluted share. Both Manufacturing and Distribution segments contributed to the improved performance.

Twin Disc Inc. announced that its executive officers will present materials at meetings with investors and analysts, and at investor conferences, starting on or after May 6, 2026. The presentation materials, which include non-GAAP financial information and forward-looking statements, are filed as Exhibit 99.1 and will also be posted on the company's website. Twin Disc does not intend to update these materials.

Twin Disc, Inc. reported strong third quarter fiscal 2026 results, with sales increasing 19.0% year-over-year to $96.7 million, driven by robust demand across end markets, particularly in Marine and Propulsion Systems. The company achieved a net income of $3.3 million, a significant improvement from a net loss in the prior year, and EBITDA surged by 135.1% to $9.4 million. Gross margin expanded by 134 basis points to 28.1%, and the company generated positive operating and free cash flow, while maintaining a healthy six-month backlog of $179.5 million.

Twin Disc, Inc. announced that its Board of Directors approved a regular quarterly cash dividend of $0.04 per share. The dividend is scheduled to be paid on June 1, 2026, to shareholders who are on record at the close of business on May 18, 2026.

Twin Disc, Inc. announced it will release its fiscal 2026 third-quarter results on May 6, 2026, at approximately 8:00 am Eastern. The company will host a webcast and conference call at 9:00 am Eastern to discuss these results, followed by a question-and-answer session with the investment community. Investors can access the live audio webcast on Twin Disc's website or participate in the conference call by dialing (646) 307-1963.