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Modine Manufacturing MOD Americas And Europe — Goodwill Impaired Accumulated Impairment Loss

Discontinued — last reported Q4 '17

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Other financials

Income statement

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Revenue$954.4M+47.5%
Gross profit$214.7M+29.3%
Operating income$103.9M+39.5%
Net income$73.3M+47.8%
EPS (diluted)$1.36+46.2%

Balance sheet

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Cash & equivalents$73.5M+2.7%
Total debt$538.5M+32.2%
Total equity$1.2B+31.2%
Total assets$2.7B+39.5%

Cash flow

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Operating cash flow$194.9M+256%
CapEx$42.1M+52.0%
Free cash flow$152.8M+464%

Valuation

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Market cap$15.71B+183%
Enterprise value$16.17B+172%
P/E129.3×+99.1×
P/S4.9×+2.8×

Profitability

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Gross margin23%-1.9pp
Operating margin10.8%-0.2pp
Net margin3.8%-3.3pp
FCF margin3.3%-1.7pp

Returns & leverage

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Return on equity11.5%-10.7pp
Debt / equity0.5×0.0×
Current ratio1.9×+0.2×

Where this comes from

Reported directly by Modine Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Modine Manufacturing’s 10-K, filed May 26, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does americas and europe — goodwill impaired accumulated impairment loss mean?
The total historical loss in value recorded for goodwill assets within the Americas and Europe business segment.
How do you interpret americas and europe — goodwill impaired accumulated impairment loss?
An increase indicates that the company has previously recognized that the assets acquired in these regions are worth less than their original purchase price, often signaling past operational challenges or overpayment for acquisitions. A stable or non-increasing value suggests that the carrying value of the segment's goodwill remains supported by current earnings projections.
How does americas and europe — goodwill impaired accumulated impairment loss compare across companies?
Peers in the industrial manufacturing sector typically report goodwill impairment under intangible asset disclosures; high accumulated impairment relative to total goodwill suggests a history of unsuccessful M&A activity or significant regional economic headwinds.