RACINE, Wis. (AP) 鈥� RACINE, Wis. (AP) 鈥� Modine Manufacturing Co. (MOD) on Tuesday reported fiscal fourth-quarter profit of $73.3 million.
The Racine, Wisconsin-based company said it had net income of $1.36 per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.71 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The heating and cooling products maker posted revenue of $954.4 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $907.3 million.
For the year, the company reported profit of $121.5 million, or $2.26 per share. Revenue was reported as $3.18 billion.
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