Modine: Fiscal Q4 Earnings Snapshot
Posted May 26, 2021 06:00:44 PM.
Last Updated May 26, 2021 06:09:15 PM.
RACINE, Wis. (AP) _ Modine Manufacturing Co. (MOD) on Wednesday reported a loss of $15 million in its fiscal fourth quarter.
The Racine, Wisconsin-based company said it had a loss of 29 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 51 cents per share.
The heating and cooling products maker posted revenue of $514.9 million in the period.
For the year, the company reported that its loss widened to $210.7 million, or $4.11 per share. Revenue was reported as $1.81 billion.
Modine shares have increased 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.68, more than tripling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOD at https://www.zacks.com/ap/MOD
The Associated Press
