Modine Announces Q4, Full-Year 2002 ResultsMay 07, 2002 by Jeff Shepard
Modine Manufacturing Co. (Racine, WI) reported fourth-quarter net earnings of $5.0 million, or $0.15 per fully diluted share, and $254.6 million in revenue for the period ending March 31, 2002. Compared to the prior year, revenue decreased 6.2 percent and net earnings decreased 2.9 percent.
Sales for the full year declined by 4.2 percent to $1,074.8 million from $1,121.4 million. Modine's reported net earnings declined 55.0 percent to $23.3 million, or $0.70 per fully diluted share, from $51.8 million, or $1.58 per fully diluted share, reported a year ago.