$MOD
MODINE MANUFACTURING CO

2024 Q3 Form 10-Q Financial Statement

#000114036124035058 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $658.0M $661.5M
YoY Change 6.04% 6.28%
Cost Of Revenue $492.4M $498.9M
YoY Change 1.44% 0.89%
Gross Profit $165.6M $162.6M
YoY Change 22.58% 27.13%
Gross Profit Margin 25.17% 24.58%
Selling, General & Admin $85.80M $82.80M
YoY Change 24.53% 34.85%
% of Gross Profit 51.81% 50.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00M $19.10M
YoY Change 42.86% 39.42%
% of Gross Profit 12.08% 11.75%
Operating Expenses $85.80M $82.80M
YoY Change 24.53% 34.85%
Operating Profit $75.30M $74.40M
YoY Change 14.61% 11.88%
Interest Expense -$7.400M -$7.500M
YoY Change -221.31% 31.58%
% of Operating Profit -9.83% -10.08%
Other Income/Expense, Net -$1.500M -$300.0K
YoY Change -1600.0% -62.5%
Pretax Income $66.40M $66.60M
YoY Change 11.22% 11.0%
Income Tax $20.00M $18.80M
% Of Pretax Income 30.12% 28.23%
Net Earnings $46.10M $47.30M
YoY Change -0.86% 5.58%
Net Earnings / Revenue 7.01% 7.15%
Basic Earnings Per Share $0.88 $0.90
Diluted Earnings Per Share $0.86 $0.88
COMMON SHARES
Basic Shares Outstanding 52.41M 52.32M
Diluted Shares Outstanding 53.90M 53.90M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.60M $72.90M
YoY Change -34.61% -21.19%
Cash & Equivalents $78.60M $72.90M
Short-Term Investments
Other Short-Term Assets $54.60M $52.80M
YoY Change -10.34% 26.62%
Inventory $366.5M $350.0M
Prepaid Expenses
Receivables $452.9M $438.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $952.6M $913.8M
YoY Change 6.08% 2.2%
LONG-TERM ASSETS
Property, Plant & Equipment $373.9M $363.7M
YoY Change 23.07% -1.09%
Goodwill $240.7M $237.4M
YoY Change 46.5% 43.36%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $119.3M $113.8M
YoY Change 45.31% 12.23%
Total Long-Term Assets $963.0M $952.6M
YoY Change 36.19% 33.45%
TOTAL ASSETS
Total Short-Term Assets $952.6M $913.8M
Total Long-Term Assets $963.0M $952.6M
Total Assets $1.916B $1.866B
YoY Change 19.34% 16.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $295.1M $274.3M
YoY Change 7.35% -13.61%
Accrued Expenses $109.1M $102.7M
YoY Change 20.95% 9.84%
Deferred Revenue
YoY Change
Short-Term Debt $14.00M $4.300M
YoY Change 13900.0% -46.25%
Long-Term Debt Due $46.30M $30.20M
YoY Change 136.22% 53.3%
Total Short-Term Liabilities $536.9M $508.3M
YoY Change 8.88% 0.32%
LONG-TERM LIABILITIES
Long-Term Debt $359.1M $405.7M
YoY Change 11.21% 22.94%
Other Long-Term Liabilities $104.7M $103.7M
YoY Change 33.21% -14.58%
Total Long-Term Liabilities $104.7M $103.7M
YoY Change 33.21% -77.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $536.9M $508.3M
Total Long-Term Liabilities $104.7M $103.7M
Total Liabilities $1.048B $1.070B
YoY Change 12.58% 10.32%
SHAREHOLDERS EQUITY
Retained Earnings $752.4M $706.3M
YoY Change 27.79% 30.24%
Common Stock $35.20M $35.10M
YoY Change 1.15% 1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $858.8M $788.4M
YoY Change
Total Liabilities & Shareholders Equity $1.916B $1.866B
YoY Change 19.34% 16.08%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $46.10M $47.30M
YoY Change -0.86% 5.58%
Depreciation, Depletion And Amortization $20.00M $19.10M
YoY Change 42.86% 39.42%
Cash From Operating Activities $57.30M $40.50M
YoY Change -17.08% -2.88%
INVESTING ACTIVITIES
Capital Expenditures $13.50M $26.80M
YoY Change 21.62% 77.48%
Acquisitions
YoY Change
Other Investing Activities -$3.200M -$300.0K
YoY Change -34.69% -90.91%
Cash From Investing Activities -$16.70M -$26.50M
YoY Change 4.38% 44.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.70M 0.000
YoY Change 64.57% -100.0%
NET CHANGE
Cash From Operating Activities 57.30M 40.50M
Cash From Investing Activities -16.70M -26.50M
Cash From Financing Activities -36.70M 0.000
Net Change In Cash 3.900M 12.90M
YoY Change -87.34% -52.22%
FREE CASH FLOW
Cash From Operating Activities $57.30M $40.50M
Capital Expenditures $13.50M $26.80M
Free Cash Flow $43.80M $13.70M
YoY Change -24.48% -48.5%

Facts In Submission

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MODINE MANUFACTURING CO
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CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
74400000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
66500000
CY2024Q2 us-gaap Assets
Assets
1866400000
CY2024Q1 us-gaap Assets
Assets
1851500000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
mod-20240630_pre.xml Edgar Link unprocessable
0001140361-24-035058-index-headers.html Edgar Link pending
0001140361-24-035058-index.html Edgar Link pending
0001140361-24-035058.txt Edgar Link pending
0001140361-24-035058-xbrl.zip Edgar Link pending
ef20031006_10q.htm Edgar Link pending
ef20031006_ex10-1.htm Edgar Link pending
ef20031006_ex10-2.htm Edgar Link pending
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ef20031006_ex31-1.htm Edgar Link pending
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ef20031006_ex32-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mod-20240630.xsd Edgar Link pending
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mod-20240630_cal.xml Edgar Link unprocessable
mod-20240630_def.xml Edgar Link unprocessable
ef20031006_10q_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mod-20240630_lab.xml Edgar Link unprocessable