XML 24 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales $ 2,583.5 $ 2,407.8 $ 2,297.9
Cost of sales 1,939.7 1,882.2 1,908.5
Gross profit 643.8 525.6 389.4
Selling, general and administrative expenses 332.1 273.9 234.0
Restructuring expenses 28.2 15.0 5.0
Gain on sale of assets 0.0 (4.0) 0.0
Operating income 283.5 240.7 150.4
Interest expense (26.4) (24.1) (20.7)
Other expense - net (3.1) (2.0) (4.4)
Earnings before income taxes 254.0 214.6 125.3
(Provision) benefit for income taxes (68.5) (51.2) 28.3
Net earnings 185.5 163.4 153.6
Net earnings attributable to noncontrolling interest (1.5) (1.9) (0.5)
Net earnings attributable to Modine $ 184.0 $ 161.5 $ 153.1
Net earnings per share attributable to Modine shareholders:      
Basic (in dollars per share) $ 3.50 $ 3.08 $ 2.93
Diluted (in dollars per share) $ 3.42 $ 3.03 $ 2.90
Weighted-average shares outstanding:      
Basic (in shares) 52.6 52.4 52.3
Diluted (in shares) 53.9 53.4 52.8