Note R - Earnings Per Share

12 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

R. 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. 

The components of basic and diluted earnings per share were as follows:

	2025			2024
Basic:
Net (loss) income	$	(1,599	)	$	11,246
Less: Net earnings attributable to noncontrolling interest		(295	)		(258	)
Net (loss) income attributable to Twin Disc, Incorporated		(1,894	)		10,988
Weighted average shares outstanding - basic		13,856			13,683
Basic Income Per Share:
Net (loss) income per share - basic	$	(0.14	)	$	0.80
Diluted:
Net (loss) income	$	(1,599	)	$	11,246
Less: Net earnings attributable to noncontrolling interest		(295	)		(258	)
Net (loss) income attributable to Twin Disc, Incorporated		(1,894	)		10,988
Weighted average shares outstanding - basic		13,856			13,683
Effect of dilutive stock awards		-			194
Weighted average shares outstanding - diluted		13,856			13,877
Diluted Income Per Share:
Net (loss) income per share - diluted	$	(0.14	)	$	0.79

The following potential common shares were excluded from diluted EPS for the year-ended June 30, 2025 as the Company reported a net loss: 404.3 related to the Company’s unvested PSAs, 10.5related to the Company’s unvested PSAUs, 121.0 related to the Company’s unvested RS awards, and 55.0 related to the Company’s unvested RSUs.