Modine Reports Fourth Quarter and Full Year Fiscal 2021 Results
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Modine Manufacturing (MOD) Tops Q4 EPS by 24c, Revenues Beat
May 26, 2021 4:32 PM EDTModine Manufacturing (NYSE: MOD) reported Q4 EPS of $0.51, $0.24 better than the analyst estimate of $0.27. Revenue for the quarter came in at $514.9 million versus the consensus estimate of $493.03 million.
Fourth Quarter Highlights:
Net sales of $514.9 million increased 9 percent from the prior yearImpairment charges of $32.4 million related to assets in the Automotive segment resulted in operating loss of $14.3 million and net loss per share of $0.29Adjusted EBITDA of $42.2 million, down $1.9 million from the prior yearAdjusted earnings per share of... More