MODINE MANUFACTURING CO (MOD) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — MOD

Balance Sheet

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	0.10	0.08	0.12	0.08	0.08	0.07	0.15	0.12	0.09	0.08	0.07	0.06	0.06	0.06	0.05	0.07	0.06	0.08
Accounts Receivable	0.57	0.56	0.52	0.42	0.45	0.44	0.36	0.38	0.40	0.35	0.34	0.35	0.31	0.28	0.29	0.23	0.30	0.27
Inventory	0.54	0.53	0.43	0.34	0.37	0.35	0.34	0.32	0.33	0.31	0.29	0.31	0.28	0.25	0.23	0.19	0.20	0.21
Total Current Assets	1.30	1.25	1.16	0.91	0.95	0.91	0.92	0.90	0.89	0.81	0.77	0.78	0.70	0.70	0.69	0.63	0.62	0.62
Property, Plant & Equipment	0.48	0.46	0.43	0.35	0.37	0.36	0.32	0.30	0.31	0.30	0.29	0.30	0.32	0.27	0.27	0.31	0.44	0.44
Goodwill	0.29	0.29	0.27	0.23	0.24	0.24	0.17	0.16	0.17	0.16	0.16	0.16	0.17	0.17	0.17	0.17	0.17	0.17
Intangible Assets	0.20	0.21	0.20	0.15	0.17	0.17	0.08	0.08	0.08	0.08	0.08	0.09	0.09	0.10	0.10	0.10	0.10	0.11
Total Non-current Assets*	1.18	1.13	1.07	0.92	0.96	0.95	0.73	0.71	0.71	0.64	0.63	0.64	0.68	0.63	0.64	0.68	0.89	0.90
Total Assets	2.48	2.39	2.23	1.83	1.92	1.87	1.65	1.61	1.61	1.45	1.39	1.42	1.38	1.32	1.33	1.31	1.51	1.52
Accounts Payable	0.39	0.40	0.34	0.24	0.30	0.27	0.26	0.27	0.32	0.30	0.31	0.32	0.30	0.25	0.26	0.20	0.22	0.19
Short-term Debt	0.00	0.01	0.01	0.00	0.01	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.02	0.03
Total Current Liabilities	0.60	0.63	0.56	0.48	0.54	0.51	0.48	0.49	0.51	0.47	0.49	0.50	0.43	0.45	0.47	0.42	0.39	0.36
Long-term Debt	0.57	0.53	0.48	0.33	0.36	0.41	0.31	0.32	0.33	0.36	0.33	0.36	0.37	0.37	0.35	0.34	0.37	0.45
Total Non-current Liabilities*	0.76	0.70	0.65	0.48	0.51	0.56	0.44	0.44	0.46	0.48	0.46	0.48	0.51	0.50	0.49	0.54	0.60	0.67
Total Liabilities	1.35	1.32	1.21	0.97	1.05	1.07	0.92	0.93	0.96	0.95	0.94	0.98	0.94	0.96	0.96	0.96	0.99	1.02
Retained Earnings	0.89	0.94	0.89	0.79	0.75	0.71	0.63	0.59	0.54	0.41	0.38	0.36	0.34	0.26	0.26	0.27	0.47	0.46
Total Stockholder Equity	1.12	1.05	1.01	0.86	0.86	0.79	0.73	0.67	0.64	0.49	0.44	0.44	0.43	0.36	0.36	0.34	0.52	0.49

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Total Revenue	954.40	805.00	738.90	682.80	647.20	616.80	658.00	661.50	603.50	561.40	620.50	622.40	618.10	560.00	578.80	541.00	574.40	502.20	478.90	494.60
Cost of Revenue	739.70	618.90	574.00	517.40	481.20	467.20	492.40	498.90	468.20	434.10	485.40	494.50	505.90	462.40	482.60	457.60	479.20	427.60	412.60	421.40
Gross Profit	214.70	186.10	164.90	165.40	166.00	149.60	165.60	162.60	135.30	127.30	135.10	127.90	112.20	97.60	96.20	83.40	95.20	74.60	66.30	73.20
Selling, General & Admin	101.70	89.30	84.20	84.90	81.50	82.00	85.80	82.80	75.60	68.00	68.90	61.40	60.90	58.00	58.80	56.30	53.50	50.30	51.90	59.40
Total Operating Expenses	110.80	96.80	91.40	89.70	91.50	90.30	90.30	88.20	88.50	65.60	69.40	61.40	63.70	58.10	59.40	57.80	74.60	(4.80)	55.80	64.50
Operating Income	103.90	89.30	73.50	75.70	74.50	59.30	75.30	74.40	46.80	61.70	65.70	66.50	48.50	39.50	36.80	25.60	20.60	79.40	10.50	8.70
Interest Expense	--	--	--	--	--	--	--	--	6.30	5.80	6.10	5.90	6.00	5.90	4.70	4.10	3.80	3.80	3.80	4.20
Pretax Income	95.60	(38.50)	63.70	65.70	66.80	54.20	66.40	66.60	39.50	55.40	59.70	60.00	42.20	33.20	30.70	19.20	--	74.50	6.00	4.70
Tax Provision	22.00	8.30	18.90	14.00	16.70	13.00	20.00	18.80	13.40	10.30	12.80	14.70	(48.10)	8.50	6.40	4.90	7.80	0.10	5.40	1.90
Net Income	73.30	(47.40)	44.40	51.20	49.60	41.00	46.10	47.30	25.80	44.40	46.50	44.80	89.90	24.50	24.40	14.30	8.40	74.10	0.40	2.30
Basic EPS	1.39	(0.90)	0.84	0.97	0.94	0.78	0.88	0.90	0.48	0.85	0.89	0.86	1.72	0.47	0.47	0.27	0.17	1.42	0.01	0.04
Diluted EPS	1.38	(0.90)	0.83	0.95	0.92	0.76	0.86	0.88	0.48	0.83	0.87	0.85	1.71	0.46	0.46	0.27	0.16	1.41	0.01	0.04

Cash Flow Statement

(in millions USD)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Operating Cash Flow	194.90	24.70	1.40	27.70	54.80	60.70	57.30	40.50	39.60	64.20	69.10	41.70	39.60	11.80	41.60	14.50	4.10	26.40	(8.90)	(10.10)
Capital Expenditures	42.10	41.80	31.90	27.50	27.70	16.00	13.50	26.80	43.90	17.60	11.10	15.10	15.50	12.20	12.60	10.40	9.60	10.30	9.00	11.40
Free Cash Flow*	152.80	(17.10)	(30.50)	0.20	27.10	44.70	43.80	13.70	(4.30)	46.60	58.00	26.60	24.10	(0.40)	29.00	4.10	(5.50)	16.10	(17.90)	(21.50)
Investing Cash Flow	(41.20)	(41.80)	(94.30)	(144.00)	(27.50)	(15.90)	(16.70)	(26.50)	(228.90)	(20.10)	(16.00)	(18.40)	(15.20)	(12.30)	(12.50)	(10.40)	(9.30)	(12.70)	(13.50)	(15.50)
Financing Cash Flow	(178.50)	32.10	52.60	166.90	(41.20)	(35.70)	(36.70)	0.00	100.10	(18.80)	(22.30)	3.70	(40.70)	9.90	(14.50)	12.00	(11.00)	(13.50)	24.30	39.40

* Derived from reported values