Modine Manufacturing (MOD) Reports Healthy Fourth Quarter

On Friday, Modine Manufacturing Co. (NYSE:MOD) has announced that fiscal fourth-quarter net income moved up 35 percent to $16.2 million, or 34 cents for each share, in contrast with $11.9 million, or 25 cents a share, for the similar quarter previous year.

In the recent quarter, sales for the Racine-located maker of radiators and other thermal management products declined 2% to hit $388.7 million.

Omitting the influence of foreign currency exchange, net sales slightly moved up 0.2 percent from the year ago same quarter. In the South America zone, sales moved down following the sturdier pre-buy of commercial vehicles before the Jan. 1, 2012, alteration in emissions regulations. Additionally, sales in Europe region were less than last year’s same quarter, mostly because of the affect of foreign currency exchange rate and the predicted wind down of some noncore segments.

Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Dana Holding Corporation (NYSE:DAN) fell -5.33% to settle at $12.61, BorgWarner Inc. (NYSE:BWA) moved down -7.19% to end at $66.59 while Johnson Controls, Inc. (NYSE:JCI) slipped -3.68% to finish on Friday at $29.03.

Modine Manufacturing Co. (NYSE:MOD) last session volume of 726,338.00 shares was surprisingly higher than its average volume of 409,290.00 shares. The stock after opening at $5.94 hit high price of $6.30 and then closed at $5.94 by scoring -8.33%.

The liquidity measure in recent quarter results of the company was recorded 1.53 as current ratio and on the other side the debt to equity ratio was 0.47 and long-term debt to equity ratio also remained 0.42. The Company had total cash at hand $31.44 million and a book value per share as $7.01 in the most recent quarter.

The stock price volatility was 4.46% for a week and 4.26% for a month as well as price volatility’s Average True Range for 14 days was 0.31 and its beta remained 3.56.

MOD generated revenue of 1.59 billion in the following twelve months and earned $31.08 million. The Company showed a positive 1.98% in the net profit margin and as well as in its operating margin which remained 3.35%. Company’s annual sales growth for the past five year was -1.92%.

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