Modine Manufacturing Co income statement
In fiscal 2026, Modine Manufacturing Co reported revenue of $3.18bn, up 23.1% on the year before, operating income of $342m (a 10.8% margin) and net income of $122m, or $2.26 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Mar 2010 | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,163 | 1,448 | 1,577 | 1,376 | 1,478 | 1,496 | 1,353 | 1,503 | 2,103 | 2,213 | 1,976 | 1,808 | 2,050 | 2,298 | 2,408 | 2,584 | 3,181 | 3,372 |
| Cost of revenue | 990 | 1,216 | 1,321 | 1,167 | 1,239 | 1,250 | 1,119 | 1,249 | 1,747 | 1,847 | 1,668 | 1,515 | 1,741 | 1,909 | 1,882 | 1,940 | 2,450 | 2,625 |
| Gross profit | 172 | 232 | 257 | 209 | 238 | 247 | 234 | 254 | 357 | 366 | 308 | 293 | 309 | 389 | 526 | 644 | 731 | 748 |
| Research and development | — | 67 | 70 | 68 | 62 | 62 | 61 | 64 | 66 | 70 | 60 | 46 | 50 | 44 | 42 | 35 | 29 | — |
| Selling, general and administrative | 168 | 186 | 187 | 166 | 182 | 185 | 170 | 203 | 246 | 244 | 250 | 211 | 215 | 234 | 274 | 332 | 360 | 379 |
| Operating income | 4 | 43 | 68 | −1 | 37 | 53 | 37 | 42 | 92 | 110 | 38 | −98 | 119 | 150 | 241 | 284 | 342 | 342 |
| Interest expense | 23 | 34 | 13 | 13 | 12 | 12 | 11 | 17 | 26 | 25 | 23 | 19 | 16 | 21 | 24 | 26 | 32 | 32 |
| Income before tax | −13 | 13 | 48 | −13 | 24 | 41 | −10 | 21 | 63 | 81 | 10 | −119 | 102 | 125 | 215 | 254 | 187 | 189 |
| Income tax | 10 | 5 | 10 | 10 | −108 | 19 | −9 | 6 | 40 | −5 | 12 | 90 | 15 | −28 | 51 | 69 | 63 | 44 |
| Net income | −32 | 5 | 39 | −24 | 130 | 22 | −2 | 14 | 22 | 85 | −2 | −211 | 85 | 153 | 162 | 184 | 122 | 144 |
| Diluted EPS | −$0.81 | $0.11 | $0.82 | −$0.52 | $2.72 | $0.45 | −$0.03 | $0.29 | $0.43 | $1.65 | −$0.04 | −$4.11 | $1.62 | $2.90 | $3.03 | $3.42 | $2.26 | $2.68 |
| Diluted shares (average) | — | 47m | 47m | 47m | 48m | 48m | 47m | 48m | 51m | 51m | 51m | 51m | 53m | 53m | 53m | 54m | 54m | 54m |
| EBITDA | 69 | 99 | 125 | 55 | 95 | 104 | 87 | 101 | 169 | 187 | 115 | −29 | 174 | 205 | 297 | 361 | 422 | 423 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 658 | 617 | 647 | 683 | 739 | 805 | 954 | 874 |
| Cost of revenue | 492 | 467 | 481 | 517 | 574 | 619 | 740 | 692 |
| Gross profit | 166 | 150 | 166 | 165 | 165 | 186 | 215 | 182 |
| Selling, general and administrative | 86 | 82 | 82 | 85 | 84 | 89 | 102 | 103 |
| Operating income | 75 | 59 | 75 | 76 | 74 | 89 | 104 | 75 |
| Interest expense | 7 | 6 | 5 | 6 | 8 | 9 | 9 | 6 |
| Income before tax | 66 | 54 | 67 | 66 | 64 | −39 | 96 | 69 |
| Income tax | 20 | 13 | 17 | 14 | 19 | 8 | 22 | −6 |
| Net income | 46 | 41 | 50 | 51 | 44 | −47 | 73 | 74 |
| Diluted EPS | $0.86 | $0.76 | $0.93 | $0.95 | $0.83 | −$0.90 | $1.36 | $1.37 |
| EBITDA | 95 | 79 | 94 | 95 | 93 | 110 | 125 | 96 |
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