Modine Manufacturing Company (MOD) Financial Statements (2025 and earlier)

Company Profile

Business Address 1500 DEKOVEN AVE
RACINE, WI 53403
State of Incorp. WI
Fiscal Year End March 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,90060,100149,700120,20092,50067,100
Cash and cash equivalents72,90060,100149,700120,20092,50067,100
Receivables438,100422,900364,400377,000399,800398,000
Inventory, net of allowances, customer advances and progress billings350,000357,900341,300321,500333,500324,900
Inventory350,000357,900341,300321,500333,500324,900
Disposal group, including discontinued operation    18,400  
Other current assets52,80053,10062,80060,90068,30056,400
Total current assets:913,800894,000918,200898,000894,100846,400
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6,400     
Operating lease, right-of-use asset91,400     
Property, plant and equipment363,700365,700317,300303,800310,300314,500
Intangible assets, net (including goodwill)408,100419,200245,100243,600244,700246,700
Goodwill237,400230,900166,700164,300165,600165,600
Intangible assets, net (excluding goodwill)170,700188,30078,40079,30079,10081,100
Regulated entity, other noncurrent assets2,000     
Deferred income tax assets67,00075,10078,10077,60081,20083,700
Other noncurrent assets113,80097,50092,70082,10077,60074,600
Other undisclosed noncurrent assets(99,800)     
Total noncurrent assets:952,600957,500733,200707,100713,800719,500
TOTAL ASSETS:1,866,4001,851,5001,651,4001,605,1001,607,9001,565,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities359,300385,000334,900353,300399,200422,600
Accounts payable274,300283,400255,300274,900317,500332,800
Accrued liabilities85,000101,60079,60078,40081,70089,800
Debt30,20031,70019,70019,70027,70023,400
Disposal group, including discontinued operation    21,100  
Other liabilities118,800129,100120,90099,00079,80061,100
Total current liabilities:508,300545,800475,500493,100506,700507,100
Noncurrent Liabilities
Long-term debt and lease obligation, including:405,700399,900313,500322,900330,000329,300
Finance lease, liability1,7001,9002,0002,0002,2002,300
Other undisclosed long-term debt and lease obligation404,000398,000311,500320,900327,800327,000
Liabilities, other than long-term debt231,300150,300127,200115,100126,700129,900
Deferred income tax liabilities26,40030,0005,8005,2005,3004,800
Liability, pension and other postretirement and postemployment benefits26,00027,70031,00031,30039,70040,200
Other liabilities103,70092,60090,40078,60081,70084,900
Operating lease, liability75,200     
Other undisclosed noncurrent liabilities(75,200)     
Total noncurrent liabilities:561,800550,200440,700438,000456,700459,200
Total liabilities:1,070,1001,096,000916,200931,100963,400966,300
Equity
Equity, attributable to parent788,400747,600727,400667,000637,900592,800
Common stock35,10035,00035,00034,80034,70034,600
Treasury stock, value(71,400)(66,700)(66,600)(59,300)(50,200)(49,000)
Additional paid in capital287,900283,700279,600276,400272,700270,800
Accumulated other comprehensive loss(169,500)(163,400)(153,800)(173,700)(161,600)(161,100)
Retained earnings706,300659,000633,200588,800542,300497,500
Equity, attributable to noncontrolling interest7,9007,9007,8007,0006,6006,800
Total equity:796,300755,500735,200674,000644,500599,600
TOTAL LIABILITIES AND EQUITY:1,866,4001,851,5001,651,4001,605,1001,607,9001,565,900

Income Statement (P&L) ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Revenues661,500728,000561,400620,500622,400822,200
Cost of revenue
(Cost of Goods and Services Sold)
(498,900)(479,600)(434,100)(485,400)(494,500)(646,900)
Gross profit:162,600248,400127,300135,100127,900175,300
Operating expenses(95,200)(109,600)(69,600)(69,400)(61,400)(130,100)
Other undisclosed operating income7,000 4,000  6,600
Operating income:74,400138,80061,70065,70066,50051,800
Nonoperating income (expense)6002,100(500)100(600)(2,800)
Investment income, nonoperating700     
Gain (loss), foreign currency transaction, before tax200     
Other nonoperating income (expense)(300)2,100(500)100(600)(2,800)
Interest and debt expense(7,500)(9,400)(5,800)(6,100)(5,900)(8,900)
Income from continuing operations before equity method investments, income taxes:67,500131,50055,40059,70060,00040,100
Other undisclosed income (loss) from continuing operations before income taxes(900)     
Income from continuing operations before income taxes:66,600131,50055,40059,70060,00040,100
Income tax expense (benefit)(18,800)(31,400)(10,300)(12,800)(14,700)35,700
Net income:47,800100,10045,10046,90045,30075,800
Net income (loss) attributable to noncontrolling interest(500)(1,800)(700)(400)(500)500
Net income available to common stockholders, diluted:47,30098,30044,40046,50044,80076,300

Comprehensive Income ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Net income:47,800100,10045,10046,90045,30075,800
Other comprehensive income (loss)(6,200)18,20020,000(12,100)(700)(12,400)
Comprehensive income:41,600118,30065,10034,80044,60063,400
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(400)(1,800)(800)(400)(300)400
Other undisclosed comprehensive income, net of tax, attributable to parent      500
Comprehensive income, net of tax, attributable to parent:41,200116,50064,30034,40044,30064,300

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: