RACINE, Wis. (AP) — RACINE, Wis. (AP) — Modine Manufacturing Co. (MOD) on Wednesday reported fiscal first-quarter net income of $73.9 million.
On a per-share basis, the Racine, Wisconsin-based company said it had net income of $1.37. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.53 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The heating and cooling products maker posted revenue of $874.1 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $875.6 million.
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