Modine Reports Fourth Quarter and Full Year Fiscal 2019 Results
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Modine Manufacturing (MOD) Tops Q4 EPS by 2c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
May 22, 2019 4:34 PM EDTModine Manufacturing (NYSE: MOD) reported Q4 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $556.7 million versus the consensus estimate of $577.3 million.
Net sales of $556.7 million decreased 2 percent from the prior year, but increased 3 percent on a constant-currency basisOperating income of $18.5 million was down 32 percent versus the prior year and adjusted operating income of $34.6 million was relatively flat compared to $34.7 million in the prior yearEarnings per share of $0.12 decreased $0.22 from the prior year and adjusted earnings per share of $0.40 decreased $0.04 from the prior... More