Third Quarter Fiscal 2023
*
NON-GAAP RECONCILIATIONS
Modine Manufacturing Company
Adjusted financial results (unaudited)
(In millions, except per share amounts)
Net earnings
Interest expense
Provision for income taxes
Depreciation and amortization expense
Other expense - net
(a)
Restructuring expenses
(b)
Impairment charges (reversals) - net
(c)
Loss on sale of assets
Environmental charges
(d)
(e)
Strategic reorganization and automotive exit costs
Adjusted EBITDA
Net earnings per share attributable to Modine shareholders - diluted
(a)
Restructuring expenses
Impairment charges (reversals) - net (b)
Loss on sale of assets (c)
(d)
Environmental charges
(e)
Strategic reorganization and automotive ex it costs
(f)
Debt amendment costs
aluati allow ances
(g)
Adjusted earnings per share
See next slide for footnotes regarding these adjustments
$
$
Three months ended December 31,
2022
2021
24.7
5.9
8.5
13.4
0.4
0.1
-
0.3
53.3
0.46 $
0.01
-
0.01
$
0.48
74.4
3.8
0.1
13.8
1.1
2.1
(57.2)
1.2
39.3
1.41
0.04
(1.01)
0.03
(0.16)
0.31
$
Nine months ended December 31,
2022
2021
63.3
14.7
19.8
40.7
4.1
2.2
1.8
146.6
1.20
0.04
0.03
-
0.01
1.28
$
$
77.8
11.8
7.4
40.4
1.6
3.0
(55.7)
6.6
3.6
5.6
102.1
1.46
0.05
(0.94)
0.13
0.07
0.11
(0.22)
0.66
MODINE
Engineering a Cleaner, Healthier World
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