What is Modine Manufacturing's automotive — severance costs1?

Modine Manufacturing (MOD) reported automotive — severance costs1 of $4.98M in Q1 2022.

What does automotive — severance costs1 mean?

Expenses related to laying off employees within the automotive business unit.

How do you interpret automotive — severance costs1?

High costs indicate significant restructuring, which may lead to future margin improvements but signals current operational challenges.

How does automotive — severance costs1 compare across companies?

Commonly reported as 'Restructuring Charges' or 'Severance' in segment-level operating expense disclosures.

Modine Manufacturing MOD Automotive — Severance Costs1

Discontinued — last reported Q4 '22

Similar metrics at other companies

LFUSAutomotive — Restructuring Charges

$97K-40.1%

LFUSAutomotive — Restructuring, impairment and other costs

$97K-40.1%

MLIOperating Segments — Severance Costs1

$0-100%

BALLOperating Segments — Severance Costs1

$1.8M—

BWADrivetrain — Severance Costs1

$750K—

ARWCorporate — Severance Costs1

$3.7M-91.4%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$194.9M+256%

CapEx$42.1M+52.0%

Free cash flow$152.8M+464%

Valuation

See full

Market cap$15.71B+183%

Enterprise value$16.17B+172%

P/E129.3×+99.1×

P/S4.9×+2.8×

Profitability

See full

Gross margin23%-1.9pp

Operating margin10.8%-0.2pp

Net margin3.8%-3.3pp

FCF margin3.3%-1.7pp

Returns & leverage

See full

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:SeveranceCosts1.

The official record: Modine Manufacturing’s 10-K, filed May 26, 2022, on SEC EDGAR. View the filing →

Ask your AI about Modine Manufacturing's automotive — severance costs1.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Modine Manufacturing's automotive — severance costs1?: Modine Manufacturing (MOD) reported automotive — severance costs1 of $4.98M in Q1 2022.
What does automotive — severance costs1 mean?: Expenses related to laying off employees within the automotive business unit.
How do you interpret automotive — severance costs1?: High costs indicate significant restructuring, which may lead to future margin improvements but signals current operational challenges.
How does automotive — severance costs1 compare across companies?: Commonly reported as 'Restructuring Charges' or 'Severance' in segment-level operating expense disclosures.