Modine Manufacturing reported Q4 earnings of $25.8m, below analyst expectations of 79c, with revenue down 2% YoY at $603.5m.
Modine Manufacturing reported Q4 earnings of $25.8m, or 48c per share, missing analysts' expectations of 79c per share. Revenue for the quarter was $603.5m, down 2% YoY. The company expects revenue growth in FY25 driven by its Climate Solutions segment, with strong earnings and margin expansion across both segments. Modine's focus on AI data center demands is expected to contribute to its growth.
May 21, 2024
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