Engineering a Cleaner, Healthier World
Officially launched 80/20 during Fiscal 2022
Financial Trends
MODINE
Engineering a Cleaner, Healthier World
(In millions)
Revenue
Adjusted EBITDA and Adjusted EBITDA Margin
$300
$2,600
Sales Outlook:
$2,298
+6% to +11%
$1,976
$2,050
$212
$1,808
$174
$165
$159
9.2%
9.1%
8.8%
7.7%
2020
2021
2022
2023
2024
$117
Free Cash Flow
$57
2020
2021
Adjusted EBITDA
2022
2023
Adjusted EBITDA Margin
2024
Net Debt and Leverage Ratio
Adj. EBITDA
Outlook:
$285M-$300M
$412
$121
FCF Outlook
$333
Target
(% of Sales):
+3% to +5%
$297
$286
$222
Leverage ratio:
<1.0x
2.4
2.3
1.9
2020
2021
2022
Net Debt
($13)
2020
2021
($29)
2022
2023
2024
* Our fiscal 2024 guidance is based on our guidance ranges recently presented. See appendix for Non-GAAP reconciliations.
1.4
0.8
2023
Q2FY24
Leverage Ratio
26
26View entire presentation