Modine reports 4Q income of $6.3M

Associated Press

May 23, 2019

RACINE Modine Manufacturing Co. (MOD) on Wednesday reported fiscal fourth-quarter net income of $6.3 million.

On a per-share basis, the Racine-based company said it had profit of 12 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 40 cents per share.

The heating and cooling products maker posted revenue of $556.7 million in the period.

For the year, the company reported profit of $84.8 million, or $1.65 per share. Revenue was reported as $2.21 billion.

Modine expects full-year earnings in the range of $1.55 to $1.70 per share.