Modine Reports Fourth Quarter and Full Year Fiscal 2020 Results
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Modine Manufacturing (MOD) Tops Q4 EPS by 8c, Revenues Miss
May 28, 2020 4:33 PM EDTModine Manufacturing (NYSE: MOD) reported Q4 EPS of $0.24, $0.08 better than the analyst estimate of $0.16. Revenue for the quarter came in at $472.9 million versus the consensus estimate of $490.82 million.
Fourth Quarter Highlights:
Net sales of $472.9 million decreased 15 percent from the prior yearOperating income declined to $5.6 million and adjusted operating income to $24.8 millionLoss per share of $0.13 and adjusted earnings per share of $0.24Automotive business sale temporarily delayed, but the Company will resume the process as soon as possibleFourth Quarter Segment Review
VTS segment sales were $279.5... More