Modine Manufacturing Reports Strong Fiscal Q3 Results
RACINE, Wis. – Modine Manufacturing Co. (MOD) announced fiscal third-quarter earnings of $41 million on Tuesday. On a per-share basis, the Racine, Wisconsin-based company reported net income of 76 cents. Adjusted earnings were 92 cents per share, exceeding analysts' estimates.
According to Zacks Investment Research, the average analyst estimate was 79 cents per share. Revenue reached $616.8 million during the quarter, surpassing consensus forecasts of $613 million.
Key Metrics:
* Earnings Per Share: $0.76
* Adjusted Earnings Per Share: $0.92
* Revenue: $616.8 million
The heating and cooling products maker's strong performance reflects continued demand for its products and efficient operations.