secwatch.observer — SEC 8-K summary
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Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001140361-23-026418
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modine reports record FY2023 sales of $2.3B, adjusted EBITDA up 34%; guides FY2024 EBITDA $240-260M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/0001140361-23-026418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000114036123026418/brhc20053409_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-026418

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer