{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-026418","form_type":"8-K","ticker":"MOD","cik":"0000067347","company_name":"MODINE MANUFACTURING CO","filed_at":"2023-05-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.944165+00:00","generated_at":"2026-06-14T16:20:44.069910+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Modine reports record FY2023 sales of $2.3B, adjusted EBITDA up 34%; guides FY2024 EBITDA $240-260M","bullets":["Q4 net sales $618.1M (+8% YoY), adjusted EBITDA $65.5M (+16%), adjusted EPS $0.67 (+18%).","Full year net sales $2.3B (+12%), adjusted EBITDA $212.1M (+34%), adjusted EPS $1.95 (+59%).","FY2024 guidance: net sales +4-10%, adjusted EBITDA $240-260M (13-23% growth).","Climate Solutions adj. EBITDA $41.8M (+8%); Performance Tech adj. EBITDA $33.3M (+51%).","Net debt decreased $47M to $285.6M; free cash flow $56.8M, up $85.6M from prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-026418","json":"https://secwatch.observer/filing/0001140361-23-026418.json","markdown":"https://secwatch.observer/filing/0001140361-23-026418.md","text":"https://secwatch.observer/filing/0001140361-23-026418.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/0001140361-23-026418-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/brhc20053409_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T16:20:44.069910+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"023758ea5eed3c7538769337ed20a2b1ed942aca","claim":"MODINE MANUFACTURING CO reported the fourth quarter ended March 31, 2023 results: revenue $618.1 million, EPS $1.69.","evidence_excerpt":"Fourth Quarter Highlights: • Net sales of $618.1 million increased 8 percent from the prior year • Operating income of $48.5 million increased $27.9 million, or 135 percent, from the prior year, due in part to a significant restructuring charge recorded in the prior year • Adjusted EBITDA of $65.5 million increased $8.8 million, or 16 percent, from the prior year • Earnings per share of $1.69 compared to $0.16 in the prior year, and adjusted earnings per share of $0.67 increased $0.10, or 18 percent, from the prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/0001140361-23-026418-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended March 31, 2023"},{"label":"Revenue","value":"$618.1 million"},{"label":"EPS","value":"$1.69"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8943cf1bbb1c9d0c74260d18dbf684bef9386594","claim":"MODINE MANUFACTURING CO reported the fiscal year ended March 31, 2023 results: revenue $2.3 billion, EPS $2.90.","evidence_excerpt":"Full Year Highlights: • Net sales of $2.3 billion increased 12 percent from the prior year • Operating income of $150.4 million increased $31.2 million, or 26 percent, from the prior year • Adjusted EBITDA of $212.1 million increased $53.3 million, or 34 percent, from the prior year • Earnings per share of $2.90 compared to $1.62 in the prior year, and adjusted earnings per share of $1.95 increased $0.72, or 59 percent, from the prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/0001140361-23-026418-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended March 31, 2023"},{"label":"Revenue","value":"$2.3 billion"},{"label":"EPS","value":"$2.90"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9654c165c8e64a98d3ef8492bba39fdcb3a20c90","claim":"MODINE MANUFACTURING CO updated its fiscal 2024 guidance (initiated).","evidence_excerpt":"Fiscal 2024 Outlook: • Net sales up 4% to 10% • Adjusted EBITDA of $240 million to $260 million, up 13% to 23%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/0001140361-23-026418-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}