Modine Reports Second Quarter Fiscal 2016 Results

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Go back to Modine Reports Second Quarter Fiscal 2016 Results

Modine Manufacturing Co (MOD) Misses Q2 EPS by 5c; Announces Growth Initiatives, Buyback Plan

October 29, 2015 5:22 PM EDT

Modine Manufacturing Co (NYSE: MOD) reported Q2 EPS of $0.04, $0.05 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $334 million versus the consensus estimate of $345.91 million

Modine also announced its new strategic platform for the future. This platform is based on commitments to strengthen, diversify and grow the business, ultimately elevating Modine's long-term financial performance and enhancing shareholder value. The Company also announced that its Board of Directors has authorized the repurchase of up to $50 million of its common stock over the next... More