NYSE$MOD
Modine Manufacturing Company · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Modine's financial performance declined due to the impact of the COVID-19 pandemic, but benefited from cost-saving actions.
Modine Manufacturing Company reported a decrease in net sales by 34% to $347.8 million compared to the prior year, largely due to the impact of the COVID-19 pandemic. The company experienced an operating loss of $3.2 million and a net loss of $8.4 million. However, cash flow improved significantly year-over-year, with $12.3 million in cash flow from operating activities and $3.2 million in free cash flow.
- Net sales decreased 34 percent year-over-year to $347.8 million due to COVID-19 impacts.
- Operating loss was $3.2 million and net loss was $8.4 million.
- Adjusted EBITDA was $20.5 million.
- Free cash flow was $3.2 million, showing significant year-over-year improvement.
Headline financials
Revenue & EPS history
Modine · Revenue · Quarterly
$348M
Revenue by segment
Modine · $960M total across 2 segments · Q4 2026
- Climate Solutions$666M—69.4%
- Performance Technologies$294M—30.6%
Forward guidance
Modine expects that the first quarter sales will serve as the trough of their quarterly performance this year and expects to see incremental revenue and earnings improvements each quarter throughout fiscal 2021.
Tailwinds
- Strong financial position
- Disciplined approach to cost management
- Global teams remain in frequent communication with customers
- Growing more confident in short-term customer order book
- Expect to see incremental revenue and earnings improvements each quarter throughout fiscal 2021
Headwinds
- Medium- and long-term outlooks remain highly unpredictable
- Impact of the COVID-19 pandemic on the national and global economy
- Overall health and price-down focus of Modine’s customers
- Ability to successfully exit the automotive business
- Volatility and negative impacts to the financial markets resulting from COVID-19
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+2.8%
Avg return
Earnings day
+4.9%
Avg return
5 days after
+6.5%
Avg return
30 days after
63%
40 / 64 earnings
Positive
+41.1%
Q2 2021
Best reaction
-39.9%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | +2.9% | +10.1% | -6.1% | |
| Q2 2026 | -4.3% | -5.6% | +0.1% | |
| Q1 2026 | +18.7% | +23.7% | +19.8% | |
| Q4 2025 | -11.4% | -14.9% | -8.4% | |
| Q3 2025 | +7.3% | +0.3% | -18.0% | |
| Q2 2025 | -7.8% | -14.8% | +1.8% | |
| Q1 2025 | +15.0% | -3.4% | +13.3% | |
| Q4 2024 | -5.5% | +1.3% | -8.3% | |
| Q3 2024 | +4.7% | +6.9% | +35.9% | |
| Q2 2024 | +2.2% | +3.1% | +31.1% | |
| Q1 2024 | +13.6% | +16.1% | +28.6% | |
| Q4 2023 | +18.3% | +32.9% | +53.0% | |
| Q3 2023 | -5.1% | -1.0% | +11.1% | |
| Q2 2023 | +3.7% | +14.0% | +16.7% | |
| Q1 2023 | +9.8% | +18.3% | +11.8% | |
| Q4 2022 | +26.6% | +31.4% | +29.6% | |
| Q3 2022 | +14.2% | +8.2% | -0.3% | |
| Q2 2022 | -0.7% | -0.2% | -4.8% | |
| Q1 2022 | -17.2% | -15.5% | -26.9% | |
| Q4 2021 | +0.9% | +8.4% | +1.0% | |
| Q3 2021 | +2.7% | +7.4% | +11.5% | |
| Q2 2021 | +41.1% | +51.8% | +77.7% | |
| Q1 2021 | +19.6% | +20.7% | +18.7% | |
| Q4 2020 | -1.7% | +0.6% | -9.0% | |
| Q3 2020 | +23.8% | +9.8% | -14.0% | |
| Q2 2020 | -39.9% | -34.5% | -39.3% | |
| Q1 2020 | -26.4% | -21.4% | -26.9% | |
| Q4 2019 | +3.5% | +8.0% | +5.0% | |
| Q3 2019 | +9.0% | +6.7% | +7.4% | |
| Q2 2019 | +11.2% | +17.5% | +12.9% | |
| Q1 2019 | +0.3% | +1.4% | -3.4% | |
| Q4 2018 | +4.9% | -2.2% | +3.3% | |
| Q3 2018 | +0.4% | +4.7% | -4.1% | |
| Q2 2018 | +10.4% | +13.8% | +10.9% | |
| Q1 2018 | +3.1% | +5.8% | -0.6% | |
| Q4 2017 | +20.9% | +19.7% | +27.6% | |
| Q3 2017 | -10.0% | -13.0% | -14.5% | |
| Q2 2017 | -12.3% | -15.1% | +21.0% | |
| Q1 2017 | -0.7% | +2.7% | +14.6% | |
| Q4 2016 | -2.6% | -6.8% | -18.5% | |
| Q3 2016 | +16.3% | — | — | |
| Q2 2016 | +1.7% | — | — | |
| Q1 2016 | -2.2% | — | — | |
| Q4 2015 | -6.5% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | +3.1% | — | — | |
| Q1 2015 | -2.6% | — | — | |
| Q4 2014 | -3.4% | — | — | |
| Q3 2014 | +11.1% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | +25.6% | — | — | |
| Q4 2013 | +8.5% | — | — | |
| Q3 2013 | +2.0% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2010 | +6.4% | — | — | |
| Q4 2012 | -11.6% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2012 | +5.1% | — | — | |
| Q4 2011 | -5.7% | — | — | |
| Q1 2011 | -5.7% | — | — | |
| Q1 2012 | -5.7% | — | — | |
| Q2 2011 | -5.7% | — | — |
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