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Modine Manufacturing MOD Vehicular Thermal Solutions — Severance Costs1

Discontinued — last reported Q4 '20

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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:SeveranceCosts1.

The official record: Modine Manufacturing’s 10-Q, filed February 5, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does vehicular thermal solutions — severance costs1 mean?
The cost of employee severance payments within the vehicular thermal segment.
How do you interpret vehicular thermal solutions — severance costs1?
High severance costs often signal a major restructuring effort intended to reduce long-term operating costs.
How does vehicular thermal solutions — severance costs1 compare across companies?
Commonly reported as part of restructuring charges in segment-level financial reporting.