Modine Manufacturing MOD Liquid Cooled Automotive Business — Asset Impairment Charges

Discontinued — last reported Q4 '22

Similar metrics at other companies

PAGImpairment Charges

$0—

LYBImpairment Charges

$15M—

RBCIndustrial — Asset Impairment Charges

$25K—

ENSImpairment Charges

$100.5K-54.3%

DOWImpairment Charges

$27M-87.0%

ORAImpairment Charges

$8.11M—

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:AssetImpairmentCharges.

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

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Questions, answered.

What is Modine Manufacturing's liquid cooled automotive business — asset impairment charges?: Modine Manufacturing (MOD) reported liquid cooled automotive business — asset impairment charges of -$14M in Q1 2022.
What does liquid cooled automotive business — asset impairment charges mean?: Represents non-cash charges recognized when the carrying value of assets within the liquid cooled automotive segment exceeds their fair value. This indicates a downward revision in the expected future economic benefits of these specific manufacturing assets.