Modine segments realigned to Climate Solutions & Performance Technologies; recast FY2022 data

MODINE MANUFACTURING CO

New segments: Climate Solutions (Building HVAC + CIS ex coatings) and Performance Technologies (Heavy Duty, Auto, CIS Coatings).
Recast FY2022 net sales: Climate Solutions $910.5M, Performance Tech $1,172.4M, total $2,050.1M.
FY2022 adjusted EBITDA: Climate Solutions $99.5M (10.9% margin), Performance Tech $73.2M (6.2% margin), total $158.8M.
Q3 FY2022 includes $57.2M impairment reversal from terminated sale of liquid-cooled auto business with Dana.
No impact on consolidated financials; segment realignment effective April 1, 2022.

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