Modine Q2 beats, Adj. EBITDA $81.2M (+59% YoY); raises FY24 Adj. EBITDA guidance to $285-300M

MODINE MANUFACTURING CO

2024-Q2 EPS reported $1.72 revenue$1,242,900,000

Net sales $620.5M (+7% YoY); EPS $0.87 vs $0.46; Adj. EPS $0.89 vs $0.48.
Data center sales more than doubled YoY for second consecutive quarter.
Climate Solutions sales $275.8M (+8%); operating income $44.6M (+36%).
Performance Technologies sales $351.7M (+7%); adj. EBITDA $42.0M (+73% YoY).
Revised FY24 outlook: Net sales +6-11%; Adj. EBITDA $285-300M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MODINE MANUFACTURING CO reported the quarter ended September 30, 2023 results: revenue $620.5 million, EPS Earnings per share of $0.87. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $620.5 million
EPS: Earnings per share of $0.87
Guidance: raised
Result: reported results

Exact text from the filing

leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2023. Second Quarter Highlights: • Net sales of $620.5 million increased 7 percent from the prior year • Operating income of $65.7 million increased $28.9 million, or 79 percent, from the prior year • Adjusted EBITDA of $81.2 million

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Source: SEC EDGAR

accession 0001140361-23-050850

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