Key Developments: Modine Manufacturing Co (MOD.N)
13.61USD
1 Aug 2013
$2.61 (+23.73%)
$11.00
$12.65
$13.68
$12.24
150,353
58,372
$13.68
$5.91
Latest Key Developments (Source: Significant Developments)
Modine Manufacturing Co Issues FY 2014 Guidance; EPS Guidance Below Analysts' Estimates-Conference Call
Modine Manufacturing Co announced that for fiscal 2014, it expects moderate revenue growth under current conditions and currently estimate the range from flat to up 5% and EPS to be in the range of $0.45 to $0.55. The Company reported revenue of $1.376 billion in fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.434 billion and EPS of $0.56 for fiscal 2013. Full Article
Modine Manufacturing Co Announces Upcoming Retirement Of Chairman
Modine Manufacturing Co announced the plans for Gary L. Neale to retire as Chairman of its Board of Directors following the Annual Meeting of the Shareholders on July 18, 2013. Mr. Neale has been a member of Modine`s Board of Directors since 1977 and became its Chair in 2008 after serving as independent Lead Director for five years. Full Article
Modine Manufacturing Co Reaffirms FY 2013 Guidance
Modine Manufacturing Co announced that for fiscal 2013 it expects revenue to be down 10% to 12%, including approximately $80 million of planned program reductions and earnings per diluted share (EPS) to be in the range $0.40 to $0.50. The Company reported revenue of $1.577 billion in fiscal 2012. . According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.39 billion and EPS of $0.43 for fiscal 2013. Full Article
Modine Manufacturing Co Lowers FY 2013 Guidance
Modine Manufacturing Co revised its fiscal 2013 guidance and expects revenue to be down 10% to 12%, including approximately $80 million of planned program reductions and earnings per diluted share (EPS) to be in the range $0.40 to $0.50. The Company reported revenue of $1.577 billion in fiscal 2012. . According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.41 billion and EPS of $0.54 for fiscal 2013. Full Article
Modine Manufacturing Company Reaffirms FY 2013 Guidance
Modine Manufacturing Company announced that for fiscal 2013, it expects revenue to be down about 5% to 10% and earnings per share (EPS) in the $0.60 to $0.70 range. The Company reported revenue of $1.577 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.62 billion and EPS of $1.09 for fiscal 2013. Full Article
Modine Manufacturing Company Completes Geofinity Manufacturing Acquisition
Modine Manufacturing Company announced that it has completed the acquisition of substantially all of the assets of privately-held Geofinity Manufacturing of Surrey, British Columbia. The terms of the deal were not disclosed. Full Article
Modine Manufacturing Company Issues FY 2013 Guidance Below Analysts' Estimates-Conference Call
Modine Manufacturing Company announced that for fiscal 2013, it expects revenue to be down about 5% to 10% and earnings per share (EPS) in the $0.60 to $0.70 range. The Company reported revenue of $1.577 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.62 billion and EPS of $1.09 for fiscal 2013. Full Article
Modine Manufacturing Company Agrees to Purchase Geofinity Manufacturing
Modine Manufacturing Company announced that it has signed a definitive asset purchase agreement to acquire privately-held Geofinity Manufacturing of Surrey, British Columbia. This acquisition will provide Modine with a full line of geothermal heat pumps in both water-to-water and water-to-air models. The deal is expected to close by mid-summer, 2012. The terms of the deal were not disclosed. Full Article
Modine Manufacturing Company Lowers FY 2012 Guidance
Modine Manufacturing Company adjusted fiscal 2012 guidance and expects year over year sales growth of 8% to 10% and earnings per diluted share (EPS) at $0.70 to $0.75. The Company reported revenue of $1.448 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.68 billion and EPS of $0.91 for fiscal 2012. Full Article
Modine Manufacturing Company Reaffirms FY 2012 Revenue Guidance; Issues FY 2012 EPS Guidance In Line With Analysts' Estimates
Modine Manufacturing Company reaffirmed fiscal 2012 guidance and expects 12% to 16% increase in sales year over year and earnings per diluted share (EPS) at $0.95 to $1.05. The Company reported revenue of $1.448 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.02 for fiscal 2012. Full Article

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