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Modine Manufacturing Co (MOD.N)

MOD.N on New York Stock Exchange

11.00USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Modine reports third quarter fiscal 2017 results
Monday, 6 Feb 2017 04:45pm EST 

Modine Manufacturing Co : Modine reports third quarter fiscal 2017 results . Q3 adjusted earnings per share $0.21 . Sees FY 2017 adjusted earnings per share $0.74 to $0.80 . Q3 earnings per share $0.04 . Q3 sales rose 6.4 percent to $349.8 million .Sees full fiscal year-over-year sales up 9 to 11 percent.  Full Article

Modine Manufacturing enters into third amended, restated credit agreement
Monday, 21 Nov 2016 10:46am EST 

Modine Manufacturing Co : Entered third amended, restated credit agreement restating existing $175 million second amended and restated credit agreement . Amended, restated credit agreement extended maturity of revolving credit facility to November 15, 2021 - SEC Filing . Modine manufacturing-amended, restated note purchase, private shelf restating note purchase agreement relating to $125 million 6.83% senior notes due August 2020 . Amended and restated credit agreement added a $275 million term loan facility .Amended, restated note purchase agreement added ability of company to issue a $50 million series of 5.75% senior secured notes.  Full Article

Modine announces agreement to acquire Luvata Heat Transfer Solutions for about $422 mln
Tuesday, 6 Sep 2016 06:45pm EDT 

Modine Manufacturing Co : To acquire Luvata Heat Transfer Solutions for about $422 million, to be financed through a combination of cash, debt, $25 million of Modine common stock .JP Morgan Securities LLC serves as Modine's exclusive financial advisor,Kirkland & Ellis serves as Modine's primary legal advisor.  Full Article

Modine Manufacturing Q1 adjusted earnings per share $0.21
Tuesday, 2 Aug 2016 05:00pm EDT 

Modine Manufacturing Co : Q1 earnings per share $0.18 . FY2017 earnings per share view $0.83, revenue view $1.34 billion -- Thomson Reuters I/B/E/S . Q1 adjusted earnings per share $0.21 . Q1 sales $347.2 million . Sees FY 2017 adjusted earnings per share $0.77 to $0.87 . Sees Full 2017 Fiscal Year-Over-Year Sales Down 1 Percent To Up 3 Percent . Q1 earnings per share view $0.18, revenue view $336.5 million -- Thomson Reuters I/B/E/S .Modine Manufacturing Co CEO says "we will continue to maintain a culture of cost discipline for remainder of fiscal 2017".  Full Article

Modine Manufacturing reports adj profit of $0.36 per share
Wednesday, 25 May 2016 05:05pm EDT 

Modine Manufacturing Co : Modine reports fourth quarter fiscal 2016 results . Sees full fiscal year-over-year sales down 1 percent to up 3 percent . Sees FY adjusted operating income of $65 million to $71 million . Fy2017 earnings per share view $0.86 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $0.86, revenue view $1.34 billion -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.36 . Q4 sales fell 5.3 percent to $343.7 million . Sees FY 2017 adjusted earnings per share $0.77 to $0.87 .Q4 earnings per share $0.16.  Full Article

Modine Manufacturing Company updates FY 2016 guidance
Tuesday, 2 Feb 2016 04:15pm EST 

Modine Manufacturing Company:Says based on current exchange rates, market outlook and business forecast, Modine updates the following guidance for FY 2016.Says FY 2016 Full fiscal year-over-year sales down 8 to 10 percent, or flat to down 2 percent on a constant currency basis.Sees FY 2016 Adjusted operating income of $62 million to $66 million, including approximately $4 million of negative year-over-year foreign currency exchange rate impacts; and Adjusted earnings per share of $0.70 to $0.76.  Full Article

Modine Manufacturing Company reaffirms FY 2016 guidance
Friday, 31 Jul 2015 09:00am EDT 

Modine Manufacturing Company:Sees FY 2016 year-over-year sales flat to down 5 percent, or up 1 to 6 percent on a constant currency basis.Sees FY 2016 Adjusted operating income of $65 million to $70 million, including about $3 million of negative year-over-year currency impacts.Sees FY 2016 Adjusted earnings per share of $0.75 to $0.82.  Full Article

Modine Manufacturing Company gives FY 2016 guidance
Thursday, 28 May 2015 08:10am EDT 

Modine Manufacturing Company:Anticipate that FY 2016 will be a challenging year for revenue growth with the current economic conditions in Brazil and China, along with limited growth in many of company larger end markets.Sees FY 2016 year-over-year sales flat to down 5 percent, or up 1 to 6 percent on a constant currency basis.Sees FY 2016 Adjusted operating income of $65 million to $70 million, including about $3 million of negative year-over-year currency impacts.Sees FY 2016 Adjusted earnings per share of $0.75 to $0.82.  Full Article

Modine Manufacturing Company announces conditional plans to close Washington, Iowa Manufacturing
Thursday, 16 Apr 2015 03:44pm EDT 

Modine Manufacturing Company:Plans to close its manufacturing plant in Washington, Iowa.Decision is dependent upon the conclusion of bargaining with the union at the Washington facility.Closure would impact about 245 full-time employees.Says this action reflects Modine's proactive focus on operating scale production facilities across the globe in order to remain cost-competitive.Washington plant makes liquid charge air coolers, plate oil coolers and fuel coolers for the automotive, commercial vehicle, and off-highway markets.Modine plans to transfer the Washington production to other facilities in North America, including those in Nuevo Laredo, Mexico; Joplin, Missouri; and Jefferson City, Missouri. Plans call for the plant to close over an approximate 24-month period.Company expects to incur a charge of about $2.0 mln in the first quarter of its 2016 fiscal year, primarily related to anticipated severance payments.In addition to temporary inefficiencies, the Company expects to incur total closure costs of about $3.0 mln over the entire closure period.  Full Article

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BRIEF-Modine reports third quarter fiscal 2017 results

* Sees full fiscal year-over-year sales up 9 to 11 percent Source text for Eikon: Further company coverage: