Modine Manufacturing Company was founded in 1916 and is headquartered in Racine, US

Modine Manufacturing Company has an office in Racine

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.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Revenue | 1.5 b | 1.5 b | 1.4 b | 1.5 b |

## Revenue growth, % | 1% | (10%) | 11% | |

## Cost of goods sold | 1.2 b | 1.2 b | 1.1 b | 1.2 b |

## Gross profit | 238.2 m | 246.5 m | 223.5 m | 253.3 m |

## Gross profit Margin, % | 16% | 16% | 17% | 17% |

## General and administrative expense | 205 m | |||

## Operating expense total | 205 m | |||

## EBIT | 37.2 m | 52.7 m | (7.5 m) | 39.4 m |

## EBIT margin, % | 3% | 4% | (1%) | 3% |

## Interest expense | 12.4 m | 11.7 m | 11.1 m | (17.2 m) |

## Income tax expense | (19 m) | (5.9 m) | ||

## Net Income | 131.9 m | 22.8 m | (1 m) | 14.9 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 392.5 m | 377.3 m | 363.6 m | 346.1 m | 334 m | 328.7 m | 347.2 m | 317.7 m | 349.8 m |

## Cost of goods sold | 324.8 m | 320.6 m | 304.2 m | 289.1 m | 288.3 m | 270.1 m | 285.2 m | 270 m | 291.1 m |

## Gross profit | 67.7 m | 56.7 m | 59.4 m | 57 m | 45.7 m | 58.6 m | 62 m | 47.7 m | 58.7 m |

## Gross profit Margin, % | 17% | 15% | 16% | 16% | 14% | 18% | 18% | 15% | 17% |

## General and administrative expense | 42.8 m | 47.8 m | 45.2 m | 42.8 m | 76.8 m | 43.3 m | 44.6 m | 48.7 m | 51.1 m |

## Operating expense total | 42.8 m | 47.8 m | 45.2 m | 42.8 m | 76.8 m | 43.3 m | 44.6 m | 48.7 m | 51.1 m |

## EBIT | 24.1 m | 7.9 m | 15.5 m | 11.6 m | (32.1 m) | 13.7 m | 15.1 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 m | 5.4 m | 8.8 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 m | 16.1 m | 25.8 m | 5.5 m | 8.2 m | 8.9 m | 1.9 m |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Cash | 87.2 m | 70.5 m | 68.9 m | 34.2 m |

## Inventories | 116.8 m | 107.7 m | 111 m | 168.5 m |

## Current Assets | 498.8 m | 464.2 m | 412.5 m | 553.3 m |

## PP&E | 359.6 m | 322.1 m | 338.6 m | 459 m |

## Goodwill | 28.7 m | 16.2 m | 15.8 m | 165.1 m |

## Total Assets | 1 b | 931.6 m | 920.9 m | 1.4 b |

## Accounts Payable | 171.1 m | 152 m | 142.4 m | 230.3 m |

## Total Debt | 405.7 m | |||

## Current Liabilities | 357.2 m | 311.2 m | 273.6 m | 455.4 m |

## Total Liabilities | 1 b | |||

## Additional Paid-in Capital | 175.7 m | 180.6 m | 185.6 m | 216.4 m |

## Retained Earnings | 338 m | 359.8 m | 358.2 m | 372.4 m |

## Total Equity | 428.6 m | 360.6 m | 382.7 m | 421.2 m |

## Debt to Equity Ratio | 1 x | |||

## Debt to Assets Ratio | 0.3 x | |||

## Financial Leverage | 2.4 x | 2.6 x | 2.4 x | 3.4 x |

USD | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|

## Cash | 60.7 m | 64.9 m | 81.5 m | 64.1 m | 63 m | 50 m |

## Inventories | 115.1 m | 113.1 m | 114.6 m | 116.2 m | 112.8 m | 156.9 m |

## Current Assets | 469 m | 459.1 m | 441.9 m | 417.4 m | 402.1 m | 494.1 m |

## PP&E | 327.8 m | 329.7 m | 328.2 m | 338.8 m | 340.8 m | 446.2 m |

## Goodwill | 17 m | 16.5 m | 16.1 m | 14.9 m | 14.6 m | 173.2 m |

## Total Assets | 948.1 m | 942.3 m | 921.8 m | 925.4 m | 912 m | 1.4 b |

## Accounts Payable | 151.4 m | 149.5 m | 130.8 m | 139.5 m | 129.1 m | 178.5 m |

## Current Liabilities | 313.3 m | 310.2 m | 294.3 m | 280.3 m | 272.1 m | 393.3 m |

## Additional Paid-in Capital | 181.6 m | 183.7 m | 185 m | 186.7 m | 189 m | 215 m |

## Retained Earnings | 364.9 m | 342.4 m | 350.6 m | 366.8 m | 362.7 m | 364.4 m |

## Total Equity | 375.5 m | 365.6 m | 369.7 m | 387.8 m | 388.9 m | 404.4 m |

## Financial Leverage | 2.5 x | 2.6 x | 2.5 x | 2.4 x | 2.3 x | 3.4 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Net Income | 131.9 m | 22.8 m | 14.9 m | |

## Depreciation and Amortization | 58.1 m | 51.6 m | 50.2 m | 58.3 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 m | 63.5 m | 72.4 m | 41.6 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 m | 347.6 m |

## Income Taxes Paid | (200 k) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|

## Net Income | 14.1 m | 16.1 m | 25.8 m | 5.5 m | 8.2 m | 8.9 m | 1.9 m |

## Depreciation and Amortization | 13.3 m | 26.5 m | 39.3 m | ||||

## Cash From Operating Activities | 2.5 m | 23.6 m | 44.1 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) |

USD | Y, 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 |

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