$MOD
MODINE MANUFACTURING CO

2024 Q2 Form 10-K Financial Statement

#000114036124027133 Filed on May 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $661.5M $603.5M $2.408B
YoY Change 6.28% -2.36% 4.78%
Cost Of Revenue $498.9M $468.2M $1.882B
YoY Change 0.89% -7.45% -1.38%
Gross Profit $162.6M $135.3M $525.6M
YoY Change 27.13% 20.59% 34.98%
Gross Profit Margin 24.58% 22.42% 21.83%
Selling, General & Admin $82.80M $75.60M $273.9M
YoY Change 34.85% 24.14% 17.05%
% of Gross Profit 50.92% 55.88% 52.11%
Research & Development $42.00M
YoY Change -4.55%
% of Gross Profit 7.99%
Depreciation & Amortization $19.10M $15.00M $56.10M
YoY Change 39.42% 8.7% 2.94%
% of Gross Profit 11.75% 11.09% 10.67%
Operating Expenses $82.80M $75.60M $315.9M
YoY Change 34.85% 24.14% 13.63%
Operating Profit $74.40M $59.70M $240.7M
YoY Change 11.88% 16.37% 60.04%
Interest Expense -$7.500M -$6.500M $24.10M
YoY Change 31.58% 8.33% 16.43%
% of Operating Profit -10.08% -10.89% 10.01%
Other Income/Expense, Net -$300.0K -$800.0K -$2.000M
YoY Change -62.5% 166.67% -54.55%
Pretax Income $66.60M $39.50M $214.6M
YoY Change 11.0% -6.4% 71.27%
Income Tax $18.80M $13.40M $51.20M
% Of Pretax Income 28.23% 33.92% 23.86%
Net Earnings $47.30M $25.80M $161.5M
YoY Change 5.58% -71.3% 5.49%
Net Earnings / Revenue 7.15% 4.28% 6.71%
Basic Earnings Per Share $0.90 $3.08
Diluted Earnings Per Share $0.88 $0.48 $3.03
COMMON SHARES
Basic Shares Outstanding 52.32M 52.21M 52.40M
Diluted Shares Outstanding 53.90M 53.40M

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.90M $60.10M $60.10M
YoY Change -21.19% -10.43% -10.43%
Cash & Equivalents $72.90M $60.10M $60.10M
Short-Term Investments
Other Short-Term Assets $52.80M $53.10M $40.20M
YoY Change 26.62% -5.85% -28.72%
Inventory $350.0M $357.9M $357.9M
Prepaid Expenses
Receivables $438.1M $422.9M $435.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $913.8M $894.0M $894.0M
YoY Change 2.2% 5.62% 5.62%
LONG-TERM ASSETS
Property, Plant & Equipment $363.7M $365.7M $441.7M
YoY Change -1.09% 16.28% 40.45%
Goodwill $237.4M $230.9M
YoY Change 43.36% 39.43%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $113.8M $97.50M $96.60M
YoY Change 12.23% 30.7% -38.98%
Total Long-Term Assets $952.6M $957.5M $957.5M
YoY Change 33.45% 33.08% 33.08%
TOTAL ASSETS
Total Short-Term Assets $913.8M $894.0M $894.0M
Total Long-Term Assets $952.6M $957.5M $957.5M
Total Assets $1.866B $1.852B $1.852B
YoY Change 16.08% 18.24% 18.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $274.3M $283.4M $283.4M
YoY Change -13.61% -14.84% -14.84%
Accrued Expenses $102.7M $116.9M $116.9M
YoY Change 9.84% 15.06% 15.06%
Deferred Revenue
YoY Change
Short-Term Debt $4.300M $12.00M $12.00M
YoY Change -46.25% 224.32% 224.32%
Long-Term Debt Due $30.20M $19.70M $19.70M
YoY Change 53.3% -15.81% -15.81%
Total Short-Term Liabilities $508.3M $545.8M $545.8M
YoY Change 0.32% 7.63% 7.63%
LONG-TERM LIABILITIES
Long-Term Debt $405.7M $399.9M $399.9M
YoY Change 22.94% 21.44% 21.44%
Other Long-Term Liabilities $103.7M $92.60M $120.3M
YoY Change -14.58% 9.07% -7.39%
Total Long-Term Liabilities $103.7M $92.60M $520.2M
YoY Change -77.03% 9.07% 13.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $508.3M $545.8M $545.8M
Total Long-Term Liabilities $103.7M $92.60M $520.2M
Total Liabilities $1.070B $1.096B $1.104B
YoY Change 10.32% 13.42% 14.24%
SHAREHOLDERS EQUITY
Retained Earnings $706.3M $659.0M
YoY Change 30.24% 32.46%
Common Stock $35.10M $35.00M
YoY Change 1.15% 1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $788.4M $747.6M $747.6M
YoY Change
Total Liabilities & Shareholders Equity $1.866B $1.852B $1.852B
YoY Change 16.08% 18.24% 18.24%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $47.30M $25.80M $161.5M
YoY Change 5.58% -71.3% 5.49%
Depreciation, Depletion And Amortization $19.10M $15.00M $56.10M
YoY Change 39.42% 8.7% 2.94%
Cash From Operating Activities $40.50M $39.60M $214.6M
YoY Change -2.88% 0.0% 99.63%
INVESTING ACTIVITIES
Capital Expenditures $26.80M $44.10M $87.70M
YoY Change 77.48% 184.52% 72.98%
Acquisitions $186.2M
YoY Change
Other Investing Activities -$300.0K -$184.8M $0.00
YoY Change -90.91% -61700.0%
Cash From Investing Activities -$26.50M -$228.9M -$283.4M
YoY Change 44.02% 1405.92% 462.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.30M
YoY Change 82.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 100.1M 62.70M
YoY Change -100.0% -345.95% -288.29%
NET CHANGE
Cash From Operating Activities 40.50M 39.60M 214.6M
Cash From Investing Activities -26.50M -228.9M -283.4M
Cash From Financing Activities 0.000 100.1M 62.70M
Net Change In Cash 12.90M -89.20M -6.900M
YoY Change -52.22% 447.24% -131.65%
FREE CASH FLOW
Cash From Operating Activities $40.50M $39.60M $214.6M
Capital Expenditures $26.80M $44.10M $87.70M
Free Cash Flow $13.70M -$4.500M $126.9M
YoY Change -48.5% -118.67% 123.42%

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<div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><span style="text-decoration: underline;">Tooling</span></div> <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The Company accounts for production tooling costs as a component of property, plant and equipment when it owns title to the tooling and amortizes the capitalized cost to cost of sales over the estimated life of the asset, which is generally </span>three years<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">.  At March 31, 2024 and 2023</span>,<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> Company-owned tooling totaled </span>$16.1 million<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> and </span>$17.1 million<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">, respectively.</span></div> <div><br/> </div> <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">In certain instances, tooling is owned by the customer.  At the time customer-owned tooling is completed and customer acceptance is obtained, the Company records tooling revenue and related production costs within net sales and cost of sales, respectively, in the consolidated statements of operations.</span><span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(255, 0, 0);">  </span><span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">If the customer has agreed to reimburse the Company, unbilled customer-owned tooling costs are recorded as a receivable within other current assets. No significant arrangements exist where customer-owned tooling costs were not accompanied by guaranteed reimbursement. At March 31, 2024 and 2023</span>,<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> customer-owned tooling receivables totaled </span>$7.6 million<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);"> and </span>$10.9 million<span style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">, respectively.</span><br/> </div>
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MODINE MANUFACTURING CO
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1500 DeKoven Avenue
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CY2024 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2024Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
FairValueLiabilitiesMeasuredOnRecurringBasisObligations
4100000
CY2024Q1 us-gaap Trading Securities
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4100000
CY2023Q1 us-gaap Trading Securities
TradingSecurities
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CY2023Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
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CY2024 mod Notice Period For Redeeming Real Estate Investment Funds
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CY2024 us-gaap Share Based Compensation
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
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CY2024 us-gaap Severance Costs1
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12900000
CY2022 us-gaap Severance Costs1
SeveranceCosts1
22100000
CY2024 us-gaap Severance Costs1
SeveranceCosts1
12900000
CY2023 us-gaap Severance Costs1
SeveranceCosts1
3500000
CY2022 us-gaap Severance Costs1
SeveranceCosts1
22100000
CY2024 us-gaap Other Restructuring Costs
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2100000
CY2023 us-gaap Other Restructuring Costs
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CY2022 us-gaap Other Restructuring Costs
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CY2024 us-gaap Restructuring Charges
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CY2023 us-gaap Restructuring Charges
RestructuringCharges
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CY2022 us-gaap Restructuring Charges
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CY2023Q1 us-gaap Restructuring Reserve
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10600000
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
20200000
CY2024 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
12900000
CY2023 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
3500000
CY2024 us-gaap Payments For Restructuring
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7800000
CY2023 us-gaap Payments For Restructuring
PaymentsForRestructuring
12400000
CY2024 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
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CY2023 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
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CY2024 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
200000
CY2023 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
700000
CY2024Q1 us-gaap Restructuring Reserve
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CY2023Q1 us-gaap Restructuring Reserve
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CY2023Q4 mod Number Of Automotive Businesses Sold
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3
CY2024 us-gaap Investment Income Interest
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CY2023 us-gaap Investment Income Interest
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CY2022 us-gaap Investment Income Interest
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CY2024 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2024 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2024 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2022 us-gaap Other Nonoperating Income Expense
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
112800000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
101100000
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
214600000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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125300000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
27500000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
17800000
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51200000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15200000
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.014
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.037
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.058
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.035
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.025
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.429
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.088
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.026
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.045
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.034
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.003
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.006
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.002
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2024 mod Effective Income Tax Rate Reconciliation Notional Interest Deductions
EffectiveIncomeTaxRateReconciliationNotionalInterestDeductions
-0.012
CY2023 mod Effective Income Tax Rate Reconciliation Notional Interest Deductions
EffectiveIncomeTaxRateReconciliationNotionalInterestDeductions
-0.017
CY2022 mod Effective Income Tax Rate Reconciliation Notional Interest Deductions
EffectiveIncomeTaxRateReconciliationNotionalInterestDeductions
-0.027
CY2024 mod Effective Income Tax Rate Reconciliation Dividends And Taxable Foreign Inclusions Percent
EffectiveIncomeTaxRateReconciliationDividendsAndTaxableForeignInclusionsPercent
0.004
CY2023 mod Effective Income Tax Rate Reconciliation Dividends And Taxable Foreign Inclusions Percent
EffectiveIncomeTaxRateReconciliationDividendsAndTaxableForeignInclusionsPercent
0.009
CY2022 mod Effective Income Tax Rate Reconciliation Dividends And Taxable Foreign Inclusions Percent
EffectiveIncomeTaxRateReconciliationDividendsAndTaxableForeignInclusionsPercent
0.016
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.15
CY2024 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
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CY2024 mod Number Of Automotive Businesses Sold
NumberOfAutomotiveBusinessesSold
3
CY2024 mod Number Of Automotive Businesses Sold
NumberOfAutomotiveBusinessesSold
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CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2024 mod Income Tax Cumulative Income Position Term
IncomeTaxCumulativeIncomePositionTerm
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CY2024Q1 mod Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
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CY2023Q1 mod Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
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CY2024Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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CY2023Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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CY2024Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
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CY2023Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
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CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
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CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
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CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
27700000
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
24100000
CY2024Q1 mod Deferred Tax Assets Net Operating And Capital Losses
DeferredTaxAssetsNetOperatingAndCapitalLosses
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CY2023Q1 mod Deferred Tax Assets Net Operating And Capital Losses
DeferredTaxAssetsNetOperatingAndCapitalLosses
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CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
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CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
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CY2024Q1 mod Deferred Tax Assets Research And Experimental Expenditures
DeferredTaxAssetsResearchAndExperimentalExpenditures
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CY2023Q1 mod Deferred Tax Assets Research And Experimental Expenditures
DeferredTaxAssetsResearchAndExperimentalExpenditures
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CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
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CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
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CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2024Q1 us-gaap Deferred Tax Assets Net
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CY2023Q1 us-gaap Deferred Tax Assets Net
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128100000
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2024Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
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CY2023Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
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CY2024Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
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CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
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CY2024Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
40900000
CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
20100000
CY2024Q1 us-gaap Deferred Tax Liabilities Other
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CY2023Q1 us-gaap Deferred Tax Liabilities Other
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CY2024Q1 us-gaap Deferred Income Tax Liabilities
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CY2023Q1 us-gaap Deferred Income Tax Liabilities
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CY2024Q1 us-gaap Deferred Tax Assets Liabilities Net
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CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q1 us-gaap Unrecognized Tax Benefits
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CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2024 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2024 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2024Q1 us-gaap Unrecognized Tax Benefits
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2024Q1 us-gaap Unrecognized Tax Benefits
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CY2024Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2024Q1 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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CY2024 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Basic
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CY2024 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2024Q1 us-gaap Inventory Net
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CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q1 us-gaap Restricted Cash
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CY2023Q1 us-gaap Restricted Cash
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2023Q1 us-gaap Inventory Net
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CY2024Q1 us-gaap Property Plant And Equipment Gross
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CY2023Q1 us-gaap Property Plant And Equipment Gross
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CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2024Q1 us-gaap Property Plant And Equipment Net
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CY2023Q1 us-gaap Property Plant And Equipment Net
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CY2024 us-gaap Depreciation
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CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2024 us-gaap Gain Loss On Disposition Of Assets
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CY2022 us-gaap Gain Loss On Disposition Of Assets
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CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2024 mod Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2024 mod Number Of Automotive Businesses Sold
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3
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CY2024 us-gaap Gross Profit
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Assets
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CY2024 dei Auditor Name
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KPMG LLP
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CY2022 dei Auditor Name
AuditorName
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Milwaukee, Wisconsin
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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CY2024 mod Number Of Automotive Businesses Sold
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3

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