Modine Manufacturing Raises Sales, Adj. EPS Guidance Ranges - Quick Facts

(RTTNews) - Modine Manufacturing Company (MOD) announced, for fiscal 2018, the company now expects: fiscal year-over-year sales up 36 to 40 percent; adjusted EBITDA of $187 million to $192 million; adjusted operating income of $112 million to $117 million; and adjusted earnings per share of $1.44 to $1.52, up from $1.30 to $1.45.

The company reported third-quarter adjusted earnings per share of $0.35. Net sales were $512.7 million, increased 47 percent from the prior year, including an incremental $110.2 million from the Commercial and Industrial Solutions segment.