Modine realigns segment reporting, moves Coatings business to Climate Solutions

MODINE MANUFACTURING CO

Effective April 1, 2024, Coatings business moved from Performance Technologies to Climate Solutions to better align with Heat Transfer Products.
Recast FY2024 net sales: Climate Solutions $1,108.1M, Performance Technologies $1,321.3M (coatings formerly in PT).
Recast FY2024 segment operating income: CS $178.6M, PT $111.7M; adjusted EBITDA: CS $208.1M, PT $152.4M.
No impact on consolidated financials; recast data provided for each quarter and full year fiscal 2024.

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