Modine Manufacturing Sees FY25 EPS $3.55-$3.85 Vs $3.81 Est.; Net Sales Growth Between 5%-10%
Portfolio Pulse from Benzinga Newsdesk
Modine Manufacturing has provided its fiscal 2025 outlook, projecting net sales growth between 5% to 10%, adjusted EBITDA growth of 16% to 22%, and adjusted EPS of $3.55 to $3.85. The company highlighted strong fiscal 2024 results, driven by significant improvements in its data center business and Performance Technologies segment.
May 21, 2024 | 8:18 pm
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Modine Manufacturing has provided a positive fiscal 2025 outlook with projected net sales growth of 5% to 10%, adjusted EBITDA growth of 16% to 22%, and adjusted EPS of $3.55 to $3.85. The company reported strong fiscal 2024 results, driven by its data center business and Performance Technologies segment.
The positive fiscal 2025 outlook and strong fiscal 2024 results indicate continued growth and operational improvements for Modine Manufacturing. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100