Modine Manufacturing Co. Q4 Profit Rises 38%

(RTTNews) - Modine Manufacturing Co. (MOD) released earnings for its fourth quarter that climbed from last year.

The company said its bottom line advanced to $23.7 million, or $0.36 per share. This was higher than $17.2 million, or $0.12 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.3% to $343.7 million. This was down from $363.0 million last year.

Modine Manufacturing Co. earnings at a glance:

-Earnings (Q4): $23.7 Mln. vs. $17.2 Mln. last year. -Earnings Growth (Y-o-Y): 37.8% -EPS (Q4): $0.36 vs. $0.12 last year. -EPS Growth (Y-o-Y): 200% -Analysts Estimate: $0.32 -Revenue (Q4): $343.7 Mln vs. $363.0 Mln last year. -Revenue Change (Y-o-Y): -5.3%