Modine Manufacturing Company

Since 1916, Modine Manufacturing Company has applied innovative thermal technology to meet customer's needs. Modine breakthroughs in customized heating and cooling solutions have yielded state-of-the-art components, modules and systems that have given the world's vehicle makers and commercial equipment manufacturers a competitive edge in the markets they serve. Markets served include Automotive, Truck, Off Highway/Construction, and HVAC&R.
Type
Public
HQ
Racine, US
Founded
1916
Size (employees)
7,100 (est)+3%
Website
modine.com
Modine Manufacturing Company was founded in 1916 and is headquartered in Racine, US

Modine Manufacturing Company Office Locations

Modine Manufacturing Company has an office in Racine

Modine Manufacturing Company Data and Metrics

Modine Manufacturing Company Financial Metrics

Modine Manufacturing Company's revenue was reported to be $1.5 b in FY, 2017
USD

Revenue (FY, 2017)

1.5 b

Revenue growth (FY, 2016 - FY, 2017), %

11%

Gross profit (FY, 2017)

253.3 m

Gross profit margin (FY, 2017), %

17%

Net income (FY, 2017)

14.9 m

EBIT (FY, 2017)

39.4 m

Market capitalization (21-Jul-2017)

805.4 m

Cash (31-Mar-2017)

34.2 m

EV

1.2 b
Modine Manufacturing Company's current market capitalization is $805.4 m.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.5 b1.5 b1.4 b1.5 b

Revenue growth, %

1%(10%)11%

Cost of goods sold

1.2 b1.2 b1.1 b1.2 b

Gross profit

238.2 m246.5 m223.5 m253.3 m

Gross profit Margin, %

16%16%17%17%

General and administrative expense

205 m

Operating expense total

205 m

EBIT

37.2 m52.7 m(7.5 m)39.4 m

EBIT margin, %

3%4%(1%)3%

Interest expense

12.4 m11.7 m11.1 m(17.2 m)

Income tax expense

(19 m)(5.9 m)

Net Income

131.9 m22.8 m(1 m)14.9 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

392.5 m377.3 m363.6 m346.1 m334 m328.7 m347.2 m317.7 m349.8 m

Cost of goods sold

324.8 m320.6 m304.2 m289.1 m288.3 m270.1 m285.2 m270 m291.1 m

Gross profit

67.7 m56.7 m59.4 m57 m45.7 m58.6 m62 m47.7 m58.7 m

Gross profit Margin, %

17%15%16%16%14%18%18%15%17%

General and administrative expense

42.8 m47.8 m45.2 m42.8 m76.8 m43.3 m44.6 m48.7 m51.1 m

Operating expense total

42.8 m47.8 m45.2 m42.8 m76.8 m43.3 m44.6 m48.7 m51.1 m

EBIT

24.1 m7.9 m15.5 m11.6 m(32.1 m)13.7 m15.1 m(1.9 m)6 m

EBIT margin, %

6%2%4%3%(10%)4%4%(1%)2%

Interest expense

(3.1 m)(3 m)(2.8 m)(2.8 m)(2.7 m)(2.7 m)(3 m)(3 m)(4.5 m)

Pre tax profit

20.8 m5.4 m8.8 m(34.9 m)11.9 m(5 m)

Income tax expense

(6.7 m)(3.4 m)(3 m)(3.3 m)(2.4 m)(3 m)

Net Income

14.1 m16.1 m25.8 m5.5 m8.2 m8.9 m1.9 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

87.2 m70.5 m68.9 m34.2 m

Inventories

116.8 m107.7 m111 m168.5 m

Current Assets

498.8 m464.2 m412.5 m553.3 m

PP&E

359.6 m322.1 m338.6 m459 m

Goodwill

28.7 m16.2 m15.8 m165.1 m

Total Assets

1 b931.6 m920.9 m1.4 b

Accounts Payable

171.1 m152 m142.4 m230.3 m

Total Debt

405.7 m

Current Liabilities

357.2 m311.2 m273.6 m455.4 m

Total Liabilities

1 b

Additional Paid-in Capital

175.7 m180.6 m185.6 m216.4 m

Retained Earnings

338 m359.8 m358.2 m372.4 m

Total Equity

428.6 m360.6 m382.7 m421.2 m

Debt to Equity Ratio

1 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.4 x2.6 x2.4 x3.4 x
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

60.7 m64.9 m81.5 m64.1 m63 m50 m

Inventories

115.1 m113.1 m114.6 m116.2 m112.8 m156.9 m

Current Assets

469 m459.1 m441.9 m417.4 m402.1 m494.1 m

PP&E

327.8 m329.7 m328.2 m338.8 m340.8 m446.2 m

Goodwill

17 m16.5 m16.1 m14.9 m14.6 m173.2 m

Total Assets

948.1 m942.3 m921.8 m925.4 m912 m1.4 b

Accounts Payable

151.4 m149.5 m130.8 m139.5 m129.1 m178.5 m

Current Liabilities

313.3 m310.2 m294.3 m280.3 m272.1 m393.3 m

Additional Paid-in Capital

181.6 m183.7 m185 m186.7 m189 m215 m

Retained Earnings

364.9 m342.4 m350.6 m366.8 m362.7 m364.4 m

Total Equity

375.5 m365.6 m369.7 m387.8 m388.9 m404.4 m

Financial Leverage

2.5 x2.6 x2.5 x2.4 x2.3 x3.4 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

131.9 m22.8 m14.9 m

Depreciation and Amortization

58.1 m51.6 m50.2 m58.3 m

Accounts Receivable

(18 m)(100 k)8 m(25.7 m)

Inventories

(100 k)(4.2 m)(2.7 m)(3.3 m)

Accounts Payable

15.2 m(2.4 m)(9.9 m)19.9 m

Cash From Operating Activities

104.5 m63.5 m72.4 m41.6 m

Purchases of PP&E

(53.1 m)(58.3 m)(62.8 m)(64.4 m)

Cash From Investing Activities

(41.5 m)(57.2 m)(77.8 m)(422.2 m)

Long-term Borrowings

(152.4 m)(50.9 m)(27.1 m)(202.4 m)

Cash From Financing Activities

(1.5 m)(14.6 m)2.7 m347.6 m

Income Taxes Paid

(200 k)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q3, 2015Q1, 2016Q3, 2016

Net Income

14.1 m16.1 m25.8 m5.5 m8.2 m8.9 m1.9 m

Depreciation and Amortization

13.3 m26.5 m39.3 m

Cash From Operating Activities

2.5 m23.6 m44.1 m

Purchases of PP&E

(12.4 m)(29.2 m)(41.9 m)

Cash From Investing Activities

(14 m)(32.4 m)(35.7 m)

Long-term Borrowings

(19.2 m)(26 m)(40.1 m)

Cash From Financing Activities

(2 m)(4.3 m)(9.9 m)
USDY, 2017

EV/EBIT

29.9 x

EV/CFO

28.3 x

Revenue/Employee

211.7 k

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3.4 x

Modine Manufacturing Company Market Value History

Modine Manufacturing Company Median Salaries

Source: 17 public H-1B filings from Modine Manufacturing Company

Modine Manufacturing Company Online and Social Media Presence

Modine Manufacturing Company Company Life and Culture

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