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The Company has manufacturing locations in the United States, Belgium, Canada, Finland, Italy, the Netherlands, and Switzerland.
−Removed: In addition to these countries, it has distribution locations in Singapore, China, Australia, New Zealand, and Japan.
+Added: In addition to these countries, it has distribution locations in Belgium, Singapore, China, Australia, New Zealand, and Japan.
Products offered include:
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Based in Surrey, British Columbia, Canada, Kobelt is a manufacturer of controls, propulsion, steering, and braking systems to the marine, oil and gas, and industrial markets.
−Removed: The provisional fair value estimates of Kobelt's deferred income taxes, property, plant and equipment, net and intangible assets, net, are pending final review by the Company, and Kobelt is included in the Company's manufacturing segment.
−Removed: On May 31, 2024, the Company completed the acquisition of 100% of the outstanding common stock of Katsa Oy (“Katsa”).
−Removed: Based in Finland, Katsa is a European manufacturer of custom-designed, high-quality power transmission components and gearboxes for industrial and marine end-markets for a broad range of end market applications.
−Removed: Katsa also provides a wide range of after-sales services, including spare part deliveries, reverse engineering, modeling, and gearbox refurbishment.
−Removed: Katsa is included in the Company’s manufacturing segment.
Most of the Company's products are machined from cast iron, forgings, cast aluminum, and bar steel which generally are available from multiple sources and which are believed to be in adequate supply.
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No individual customer accounted for 10% of consolidated net sales in fiscal year 2026 and 2025.
−Removed: Unfilled open orders for the next six months of $150.5 million, including the impact of the acquisition of Kobelt, at June 30, 2025 compared to $133.7 million, including the impact of the acquisition of Katsa, at June 30, 2024.
+Added: The Company had unfilled open orders for the next six months of $178.3 million at June 30, 2026 compared to $150.5 million at June 30, 2025.
Since orders are subject to cancellation and rescheduling by the customer, the six‑month order backlog is considered more representative of operating conditions than total backlog.
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Engineering and development costs include research and development expenses for new product development and major improvements to existing products, and other costs for ongoing efforts to refine existing products.
−Removed: Research and development costs charged to operations totaled $2.7 million and $2.6.
−Removed: million in fiscal 2025 and 2024, respectively.
+Added: Research and development costs charged to operations totaled $2.9 million and $2.7 million in fiscal 2026 and 2025, respectively.
Total engineering and development costs were $13.4 million and $12.2 million in fiscal 2026 and 2025, respectively.
Compliance with federal, state and local provisions regulating the discharge of materials into the environment, or otherwise relating to the protection of the environment, is not anticipated to have a material effect on capital expenditures, earnings or the competitive position of the Company.
−Removed: The number of persons employed by the Company at June 30, 2025 was 980, including the impact of the acquisition of Kobelt, and at June 30, 2024 was 910, including the impact of the acquisition of Katsa, respectively.
+Added: The number of persons employed by the Company at June 30, 2026 was 1,087 and at June 30, 2025 was 980, including the impact of the acquisition of Kobelt.
The Company believes that its continued success is a direct result of its talent.
As such, the Company strives to be an employer of choice in every community in which it operates.
−Removed: It does this by fostering a fair, respectful, inclusive and safe work environment and culture shaped with its core values of customer focus, integrity, accountability, teamwork, and innovation.
−Removed: A summary of financial data by segment, geographic area, and classes of products that accounted for more than 10% of consolidated sales revenues for the years ended June 30, 2025 and 2024 appears in Note K, Business Segments and Foreign Operations, to the consolidated financial statements.
+Added: It does this by fostering a fair, respectful, inclusive and safe work environment and culture shaped by its core values of customer focus, integrity, accountability, teamwork, and innovation.
+Added: A summary of financial data by segment, geographic area, and classes of products that accounted for more than 10% of consolidated sales revenues for the years ended June 30, 2026 and 2025 appears in Note J, Business Segments and Foreign Operations, to the consolidated financial statements.
The Company’s website address is www.twindisc.com.
−Removed: The Company makes available free of charge (other than an investor ’ s own internet access charges) through its website the Company ’ s Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments to those reports, as soon as reasonably practicable after it electronically files such material with, or furnishes such material to, the United States Securities and Exchange Commission.
+Added: The Company makes available free of charge (other than an investor ’ s own internet access charges) through its website the Company ’ s Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments to those reports, as soon as reasonably practicable after it electronically files such material with, or furnishes such material to, the United States Securities and Exchange Commission ( “ SEC ” ).
The SEC maintains an internet site (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers, such as the Company, that file electronically with the SEC.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.