Third Quarter Fiscal 2023
NON-GAAP RECONCILIATIONS
MODINE
Engineering a Cleaner, Healthier World
The Company's fiscal 2023 guidance includes adjusted EBITDA, which is a non-GAAP financial measure.
The full-year fiscal 2023 guidance for adjusted EBITDA is based upon the Company's estimates for
interest expense of approximately $20 to $21 million, a provision for income taxes of approximately
$27 to $31 million, and depreciation and amortization expense of approximately $55 to $57 million.
Adjusted EBITDA also excludes certain cash and non-cash expenses or gains. These expenses and gains
may be significant and include items such as restructuring expenses (including severance costs and
plant consolidation and relocation expenses), impairment charges and certain other items. These
expenses for the first nine months of fiscal 2023 are presented on slide 13. Estimates of these
expenses and gains for the remainder of fiscal 2023 are not available due to the low visibility and
unpredictability of these items.
18View entire presentation