Modine Manufacturing (MOD) Tops Q3 EPS by 13c

Modine Manufacturing (NYSE: MOD) reported Q3 EPS of $0.41, $0.13 better than the analyst estimate of $0.28. Revenue for the quarter came in at $484.3 million versus the consensus estimate of $467.97 million.

Outlook:

"We are maintaining our fiscal 2021 outlook," concluded Brinker. "We anticipate the ongoing recovery in certain end markets, partially offset by new tariffs and rising raw material costs, along with the reversal of temporary COVID-related cost reduction measures."

Based on current exchange rates, market outlook and business forecast, Modine confirms the following guidance ranges for fiscal 2021:

• Full fiscal year-over-year sales down 7 to 12 percent;
• Adjusted EBITDA of $155 million to $165 million.

For earnings history and earnings-related data on Modine Manufacturing (MOD) click here.

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