XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net sales $ 658.0 $ 620.5 $ 1,319.5 $ 1,242.9
Cost of sales 492.4 485.4 991.3 979.9
Gross profit 165.6 135.1 328.2 263.0
Selling, general and administrative expenses 85.8 68.9 168.6 130.3
Restructuring expenses 4.5 0.5 9.9 0.5
Operating income 75.3 65.7 149.7 132.2
Interest expense (7.4) (6.1) (14.9) (12.0)
Other (expense) income - net (1.5) 0.1 (1.8) (0.5)
Earnings before income taxes 66.4 59.7 133.0 119.7
Provision for income taxes (20.0) (12.8) (38.8) (27.5)
Net earnings 46.4 46.9 94.2 92.2
Net earnings attributable to noncontrolling interest (0.3) (0.4) (0.8) (0.9)
Net earnings attributable to Modine $ 46.1 $ 46.5 $ 93.4 $ 91.3
Net earnings per share attributable to Modine shareholders:        
Basic (in dollars per share) $ 0.88 $ 0.89 $ 1.78 $ 1.74
Diluted (in dollars per share) $ 0.86 $ 0.87 $ 1.73 $ 1.72
Weighted-average shares outstanding:        
Basic (in shares) 52.6 52.4 52.5 52.4
Diluted (in shares) 53.9 53.4 53.9 53.2