23 Jan Modine Manufacturing earnings drop
Milwaukee, Wis. — Modine Manufacturing reported a drop in net income to $13 million in the quarter ended December 26, down from $21 million in the same quarter a year ago.
Net quarterly sales increased around 10 percent to $411 million, mostly from acquisitions. Modine makes thermal management equipment for automotive and other industries, including fuel cells.
• Business Journal of Milwaukee: Modine reports lower earnings