← MODINE MANUFACTURING CO
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | $1.5b | $2.1b | $2.2b | $2.0b | $1.8b | $2.1b | $2.3b | $2.4b | $2.6b | $3.2b | |
| Cost of sales | $1.2b | $1.7b | $1.8b | $1.7b | $1.5b | $1.7b | $1.9b | $1.9b | $1.9b | $2.5b | |
| Gross profit | $253.3m | $356.5m | $365.5m | $307.5m | $293.4m | $309.3m | $389.4m | $525.6m | $643.8m | $731.1m | |
| Operating income | $39.4m | $92.2m | $109.7m | $37.9m | ($97.7m) | $119.2m | $150.4m | $240.7m | $283.5m | $342.4m | |
| Impairment charge | — | — | $400k | $8.6m | $166.8m | — | — | $0 | $0 | $4.1m | |
| Loss (gain) on sale of assets | ($2.0m) | $0 | $1.7m | ($800k) | $0 | $6.6m | $0 | ($4.0m) | $0 | $3.9m | |
| Pension termination charge | — | — | — | — | — | — | — | $0 | $0 | ($116.1m) | |
| Earnings before income taxes | $20.8m | $63.3m | $80.8m | $10.4m | ($119.3m) | $101.5m | $125.3m | $214.6m | $254.0m | $186.5m | |
| Provision for income taxes | ($5.9m) | ($39.5m) | $5.1m | ($12.4m) | ($90.2m) | ($15.2m) | $28.3m | ($51.2m) | ($68.5m) | ($63.2m) | |
| Net earnings | $14.9m | $23.8m | $85.9m | ($2.0m) | ($209.5m) | $86.3m | $153.6m | $163.4m | $185.5m | $123.3m | |
| Net earnings attributable to noncontrolling interest | ($700k) | ($1.6m) | ($1.1m) | ($200k) | ($1.2m) | ($1.1m) | ($500k) | ($1.9m) | ($1.5m) | ($1.8m) | |
| Net earnings attributable to Modine | $14.2m | $22.2m | $84.8m | ($2.2m) | ($210.7m) | $85.2m | $153.1m | $161.5m | $184.0m | $121.5m | |
| Basic (in dollars per share) | $0.31 | $0.48 | $1.70 | ($0.04) | ($4.08) | $1.66 | $2.94 | $3.12 | $3.53 | $2.34 | |
| Diluted (in dollars per share) | $0.31 | $0.47 | $1.67 | ($0.04) | ($4.08) | $1.64 | $2.91 | $3.06 | $3.44 | $2.29 | |
| Selling, general and administrative expenses | $205.0m | $245.8m | $244.1m | $249.6m | $210.9m | $215.1m | $234.0m | $273.9m | $332.1m | $360.1m | |
| Restructuring expenses | $10.9m | $16.0m | $9.6m | $12.2m | $13.4m | $24.1m | $5.0m | $15.0m | $28.2m | $20.6m | |
| Interest expense | ($17.2m) | ($25.6m) | ($24.8m) | ($22.7m) | ($19.4m) | ($15.6m) | ($20.7m) | ($24.1m) | ($26.4m) | ($31.6m) | |
| Other expense - net | ($1.4m) | ($3.3m) | ($4.1m) | ($4.8m) | ($2.2m) | ($2.1m) | ($4.4m) | ($2.0m) | ($3.1m) | ($8.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.