Engineering a Cleaner, Healthier World - Financial Overview
Non-GAAP Reconciliations
Modine Manufacturing Company
Segment adjusted financial results (unaudited)
(In millions)
Operating income
Depreciation and amortization expense
Restructuring expenses
(a)
(a)
Impairment charges (reversals) – net
-
Loss on sale of assets
(a)
Environmental charges
(a)
Strategic reorganization and automotive exit costs
Adjusted EBITDA
Twelve months ended March 31, 2023
Twelve months ended March 31, 2022
Climate
Solutions
Performance
Corporate and
Climate
Performance
Corporate and
Technologies
eliminations
Total
Solutions
Technologies
eliminations
Total
$ 124.1
$
65.6
$
(39.3) $ 150.4
$ 73.4
$
77.4
$ (31.6) $
119.2
21.7
31.8
1.0
54.5
23.6
29.9
1.3
54.8
2.2
2.8
5.0
2.2
21.9
24.1
0.3
(56.0)
(55.7)
6.6
6.6
2.2
2.2
3.8
3.8
(a)
6.0
6.0
$ 148.0
$
100.2 $
(36.1)
$ 212.1
$ 99.5
$
73.2
$
(13.9) $ 158.8
$ 1,011.9
14.6%
$
1,316.2
$
7.6%
(30.2) $2,297.9
9.2%
$ 910.5
$ 1,172.4
$
(32.8) $2,050.1
10.9%
6.2%
7.7%
Net sales
Adjusted EBITDA margin
(a)
See the Adjusted EBITDA reconciliation on the previous two slides for information on restructuring expenses and other adjustments.
MODINE
Engineering a Cleaner, Healthier World
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