---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-004572"
form_type: "8-K"
ticker: "MOD"
cik: "0000067347"
company_name: "MODINE MANUFACTURING CO"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:21:40.457863+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Modine beats Q3 FY2024 estimates; raises full-year adjusted EBITDA guide to $305-313M

## Summary
- Q3 net sales $561.4M (flat YoY); operating income $61.7M (+56%); adjusted EBITDA $73.9M (+39%).
- EPS $0.83 vs $0.46; adjusted EPS $0.74 vs $0.48; gross margin +530bps to 22.7%.
- Raises FY2024 adjusted EBITDA guidance to $305-313M (up 44-48% YoY); net sales +4-7%.
- Climate Solutions sales $242.5M (-2% YoY) but margin +530bps; Performance Technologies sales $323.0M (+2%) margin +540bps.
- Free cash flow $131.2M for nine months, up $98.5M; net debt $183.5M, down $102.1M from FY2023.

## SEC filing metadata
- accession: 0001140361-24-004572
- form_type: 8-K
- ticker: MOD
- cik: 0000067347
- company_name: MODINE MANUFACTURING CO
- filed_at: 2024-01-30T23:59:59+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/67347/000114036124004572/0001140361-24-004572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67347/000114036124004572/ef20020076_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-004572
- JSON: https://secwatch.observer/filing/0001140361-24-004572.json
- Plain text: https://secwatch.observer/filing/0001140361-24-004572.txt

## Key facts
- Earnings Releases
  MODINE MANUFACTURING CO reported third quarter ended December 31, 2023 results: revenue $561.4 million, EPS $0.83. Guidance raised.
  - Period: third quarter ended December 31, 2023
  - Revenue: $561.4 million
  - EPS: $0.83
  - Guidance: raised
  - Result: reported results
  source text: global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2023. Third Quarter Highlights: • Net sales of $561.4 million, in line with the prior year including divestiture impact • Operating income of $61.7 million increased $22.2 million, or 56 percent, from the prior year • Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/67347/000114036124004572/0001140361-24-004572-index.htm

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