What does climate solutions — asset impairment charges mean?

The reduction in value of assets that are no longer expected to generate their original projected returns.

How do you interpret climate solutions — asset impairment charges?

Frequent or large impairment charges signal underlying business weakness or poor strategic investment decisions.

How does climate solutions — asset impairment charges compare across companies?

Standard indicator of asset quality and valuation accuracy across all industries.

Modine Manufacturing MOD Climate Solutions — Asset Impairment Charges

Discontinued — last reported Q4 '22

Similar metrics at other companies

RRXClimate Solutions — Asset Impairment Charges

$0—

RRXClimate Solutions — Asset Impairments

$0-100%

RRXClimate Solutions — Goodwill Impairment

$0—

RRXClimate Solutions — Intangible Impairment

$1.95M—

DOVClimate & Sustainability Technologies — Other than temporary impairment

$3.02M—

RRXClimate Solutions — Depreciation and Amortization

$4.4M+10.0%

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

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:AssetImpairmentCharges.

The official record: Modine Manufacturing’s 10-K, filed May 25, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Modine Manufacturing's climate solutions — asset impairment charges?: Modine Manufacturing (MOD) reported climate solutions — asset impairment charges of $75K in Q1 2022.
What does climate solutions — asset impairment charges mean?: The reduction in value of assets that are no longer expected to generate their original projected returns.
How do you interpret climate solutions — asset impairment charges?: Frequent or large impairment charges signal underlying business weakness or poor strategic investment decisions.
How does climate solutions — asset impairment charges compare across companies?: Standard indicator of asset quality and valuation accuracy across all industries.