Modine Manufacturing (NYSE: MOD) reported Q4 EPS of $0.35, $0.01 better than the analyst estimate of $0.34. Revenue for the quarter came in at $488.3 million versus the consensus estimate of $468.37 million.

GUIDANCE:

Modine Manufacturing sees FY2018 EPS of $1.20-$1.35, versus the consensus of $1.20.

Outlook

\"Approximately eighteen months ago, we launched our Strengthen Diversify and Grow strategic initiative, and I\'m very proud of what our teams across the globe have accomplished to set us up for a bright future,\" commented Burke. \"We did what we set out to do. We have strengthened, diversified and grown our business, positioning us already in the last quarter of fiscal 2017 to effectively offset the impact of soft conditions that remain in many of our key markets. Although some of our markets remain challenged, we are starting to see improvements, particularly in the off-highway markets. We expect that these improvements, coupled with the addition of the CIS business, will lead to significant sales and earnings growth in fiscal 2018.\"

Based on current exchange rates, market outlook and business forecast, Modine provides the following guidance for fiscal 2018:

• Full fiscal year-over-year sales up 25 to 30 percent;
• Adjusted EBITDA of $175 million to $185 million;
• Adjusted operating income of $100 million to $110 million; and
• Adjusted earnings per share of $1.20 to $1.35.

Fourth Quarter Highlights:

• Sales of $488.3 million, up 42 percent from the prior year, including $143.0 million of sales from the Luvata HTS business, now operating as the Commercial and Industrial Solutions (\"CIS\") segment
• Non-CIS (\"base business\") sales up two percent on a constant-currency basis
• Operating income of $20.2 million compared with an operating loss of $0.7 million in the prior year
• Adjusted operating income of $29.2 million, up 23 percent from the prior year
• Earnings per share of $0.16 and adjusted earnings per share of $0.35

Full Year Highlights:

• Sales of $1,503.0 million, up 11 percent from the prior year
• Operating income of $39.4 million compared with an operating loss of $7.5 million in the prior year
• Adjusted operating income of $69.3 million, up 10 percent from the prior year
• Earnings per share of $0.29 and adjusted earnings per share of $0.78

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