Modine Reports Second Quarter Fiscal 2022 Results
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Modine Manufacturing (MOD) Misses Q2 EPS by 19c
November 2, 2021 4:51 PM EDTModine Manufacturing (NYSE: MOD) reported Q2 EPS of $0.15, $0.19 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $478.9 million versus the consensus estimate of $524.4 million.
Outlook:
"Material costs have increased further over the past several months and it will take us longer to fully offset these increases with commercial actions and contractual metals pass through pricing... More
