What does building hvac — intangible impairment mean?

A reduction in the book value of non-physical assets like patents or customer lists in the Building HVAC segment.

How do you interpret building hvac — intangible impairment?

An increase suggests that the segment's intangible assets are losing value faster than originally estimated, potentially due to technological obsolescence or loss of key customers.

How does building hvac — intangible impairment compare across companies?

Standard accounting adjustment across manufacturing firms that frequently engage in M&A activity.

Modine Manufacturing MOD Building Hvac — Intangible Impairment

Discontinued — last reported Q4 '18

Similar metrics at other companies

SPXCHVAC reportable segment — Non-cash asset write-downs

$0-100%

SPXCHVAC reportable segment — Impairments

$0—

SPXCHVAC reportable segment — Aggregate carrying value of definite lived intangible assets

$411.6M+8.5%

JCIBuilding Solutions Asia Pacific — Impairment of intangible assets, finite-lived

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SPXCHVAC reportable segment — Accumulated impairments

$0—

VMI

VMIInfrastructure — Intangible Impairment

$19.66M—

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:ImpairmentOfIntangibleAssetsFinitelived.

The official record: Modine Manufacturing’s 10-K, filed May 24, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does building hvac — intangible impairment mean?: A reduction in the book value of non-physical assets like patents or customer lists in the Building HVAC segment.
How do you interpret building hvac — intangible impairment?: An increase suggests that the segment's intangible assets are losing value faster than originally estimated, potentially due to technological obsolescence or loss of key customers.
How does building hvac — intangible impairment compare across companies?: Standard accounting adjustment across manufacturing firms that frequently engage in M&A activity.