earnings
confidence high
sentiment positive
materiality 0.75
Modine Q1 FY2023: revenue $541M (+9%), adj EBITDA $42.2M (+27%), EPS $0.27 vs $0.04
MODINE MANUFACTURING CO
2023-Q1 EPS reported
$0.27
revenue$541,000,000
- Net sales $541.0M, up 9% YoY; constant-currency sales up 15%.
- Adjusted EPS $0.32 vs $0.20; GAAP EPS $0.27 vs $0.04.
- Climate Solutions segment sales up 18%; operating income up 152% to $27.0M.
- Performance Technologies sales up 2% but gross margin fell 270 bps to 10.8%.
- Full-year FY2023 outlook reaffirmed: sales growth 6-12%, adj EBITDA $180-195M.