secwatch.observer — SEC 8-K summary
======================================

Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001140361-24-004572
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000114036124004572/0001140361-24-004572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000114036124004572/ef20020076_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-004572

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