---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-003856"
form_type: "8-K"
ticker: "MOD"
cik: "0000067347"
company_name: "MODINE MANUFACTURING CO"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:18:45.543876+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modine Q3 FY2023 sales up 12% to $560M, adj. EBITDA up 36%, confirms FY guidance

## Summary
- Net sales $560M (+12% YoY); gross margin improved 250 bps to 17.4%.
- Adjusted EBITDA $53.3M (+36% YoY); adjusted EPS $0.48 vs $0.31 prior year.
- Climate Solutions segment: sales $248.6M (+9%); adj. EBITDA $35.4M (+48%).
- Performance Technologies: sales $317.8M (+13%); adj. EBITDA $25.6M (+48%).
- FY2023 outlook: net sales +6% to +12%; adj. EBITDA $190-$200M; expects high end.

## SEC filing metadata
- accession: 0001140361-23-003856
- form_type: 8-K
- ticker: MOD
- cik: 0000067347
- company_name: MODINE MANUFACTURING CO
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/67347/000114036123003856/0001140361-23-003856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67347/000114036123003856/brhc10047306_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-003856
- JSON: https://secwatch.observer/filing/0001140361-23-003856.json
- Plain text: https://secwatch.observer/filing/0001140361-23-003856.txt

## Key facts
- Earnings Releases
  MODINE MANUFACTURING CO reported third quarter ended December 31, 2022 results: revenue $560.0 million, EPS $0.46. Guidance reaffirmed.
  - Period: third quarter ended December 31, 2022
  - Revenue: $560.0 million
  - EPS: $0.46
  - Guidance: reaffirmed
  - Result: reported results
  source text: FOR IMMEDIATE RELEASE NEWS RELEASE Modine Reports Third Quarter Fiscal 2023 Results Double digit top-line growth and meaningful margin improvement; Company confirms earnings outlook for fiscal 2023 Racine, WI – February 1, 2023 – Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2022. Third Quarter Highlights: • Net sales of $560.0 million, increased 12 percent from the prior year • Operating income of $39.5 million, decreased $39.9 million from the prior year, due to a significant impairment reversal recorded in the prior year • Adjusted EBITDA of $53.3 million, increased $14.0 million or 36 percent, from the prior year • Earnings per share of $0.46, compared to $1.41 in the prior year, and adjusted earnings per share of $0.48, compared to $0.31 in the prior year • 80/20 focus continues to drive significant margin improvement and increased sales
  evidence_url: https://www.sec.gov/Archives/edgar/data/67347/000114036123003856/0001140361-23-003856-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.