Click to copy
Click to copy

Modine: Fiscal 1Q Earnings Snapshot

July 31, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOD at https://www.zacks.com/ap/MOD

All contents © copyright 2019 The Associated Press. All rights reserved.