earnings
confidence high
sentiment positive
materiality 0.80
Modine Q4 net sales up 12% to $574.4M; adj. EPS $0.57; guides FY2023 EBITDA $180M-$195M
MODINE MANUFACTURING CO
2022-FY EPS reported
$1.62
revenue$2,050,100,000
- Q4 net sales $574.4M (+12% YoY); operating income $20.6M vs loss of $14.3M in prior year.
- Adjusted EPS $0.57 vs $0.51; adjusted EBITDA $56.7M, up 34% YoY.
- BHVAC sales up 52% to $101.9M; CIS sales up 20% to $171.3M, adj. EBITDA nearly doubled to $24.1M.
- FY2023 outlook: net sales up 6-12% YoY; adj. EBITDA $180M-$195M vs $158.8M in FY2022.
- Automotive segment sales fell 21% due to divestiture and semiconductor shortage.