Third Quarter Fiscal 2023

Q3 GAAP INCOME STATEMENT (In millions) Net sales Cost of sales Gross profit Selling, general & administrative expenses Restructuring expenses Impairment charges (reversals) - net Operating income Interest expense Other expense - net Earnings before income taxes Provision for income taxes Net earnings Net earnings attributable to noncontrolling interest Net earnings attributable to Modine $ $ Q3 2023 560.0 462.4 97.6 58.0 0.1 39.5 (5.9) (0.4) 33.2 (8.5) 24.7 (0.2) 24.5 $ Q3 2022 502.2 427.6 74.6 50.3 2.1 (57.2) 79.4 (3.8) (1.1) 74.5 (0.1) 74.4 (0.3) $ 74.1 MODINE Engineering a Cleaner, Healthier World 12

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