- Modine Manufacturing Co (NYSE:MOD) reported fourth-quarter FY22 sales growth of 12% year-on-year, to $574.4 million, beating the consensus of $538.02 million.
- The gross profit increased 14% Y/Y to $95.2 million with a margin of 16.6%, a 30-basis points expansion.
- Selling, general, and administrative expenses declined 10% Y/Y to $53.5 million.
- The operating margin was 3.6%, and operating income for the quarter was $20.6 million.
- The company held $45.2 million in cash and equivalents as of March 31, 2022. Cash provided by operating activities for twelve months totaled $11.5 million.
- Adjusted EBITDA increased 34% to $56.7 million.
- Adjusted EPS of $0.57 beat the analyst consensus of $0.50.
- Outlook: Modine sees FY23 sales growth of 6% - 12%.
- The company expects FY23 adjusted EBITDA of $180 million - $195 million.
- Price Action: MOD shares closed higher by 1.63% at $8.71 on Wednesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Modine Manufacturing Q4 Earnings Top Estimates
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks