Modine: Fiscal 1Q Earnings Snapshot
RACINE, Wis. (AP) _ Modine Manufacturing Co. (MOD) on Wednesday reported fiscal first-quarter net income of $8 million.
On a per-share basis, the Racine, Wisconsin-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 31 cents per share.
The heating and cooling products maker posted revenue of $529 million in the period.
Modine expects full-year earnings in the range of $1.35 to $1.50 per share.
Modine shares have risen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.72, a decrease of 21% in the last 12 months.