What does building hvac — goodwill impairment mean?

A non-cash loss recorded when the value of goodwill in the Building HVAC segment is deemed to have decreased.

How do you interpret building hvac — goodwill impairment?

An increase signals a deterioration in the segment's expected future profitability or competitive standing.

How does building hvac — goodwill impairment compare across companies?

Commonly reported by industrial peers during annual impairment testing or when segment performance lags acquisition-time projections.

Modine Manufacturing MOD Building Hvac — Goodwill Impairment

Discontinued — last reported Q4 '20

Similar metrics at other companies

LIICommercial Heating And Cooling — Goodwill Impairment

$0—

LIIResidential Heating And Cooling — Goodwill Impairment

$0—

SPXCHVAC reportable segment — Goodwill, Impaired, Accumulated Impairment Loss

$336.9M+3.2%

SPXCHVAC reportable segment — Goodwill, Impairment Loss

$0—

SPXCHVAC reportable segment — Goodwill, Accumulated Impairment During Period

$0—

SPXCRevenues — Goodwill, Impaired, Accumulated Impairment Loss

$335.5M+1.8%

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:GoodwillImpairmentLoss.

The official record: Modine Manufacturing’s 10-K, filed May 27, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does building hvac — goodwill impairment mean?: A non-cash loss recorded when the value of goodwill in the Building HVAC segment is deemed to have decreased.
How do you interpret building hvac — goodwill impairment?: An increase signals a deterioration in the segment's expected future profitability or competitive standing.
How does building hvac — goodwill impairment compare across companies?: Commonly reported by industrial peers during annual impairment testing or when segment performance lags acquisition-time projections.