Modine Manufacturing pany(US:MOD)2023-05-25 15:37Financial Performance - Q4 FY23 - Net sales increased to $618.1 million, up 8% year-over-year[27] - Adjusted EBITDA grew by 16% to $65.5 million, with a margin improvement of 70 bps to 10.6%[27] - Adjusted EPS increased by 18% year-over-year to $0.67[27] Financial Performance - Fiscal Year 2023 - Net sales reached $2.3 billion, a 12% increase[8] - Adjusted EBITDA increased by 34% to $212.1 million[8] - Free cash flow was $56.8 million, up by $85.6 million[8] - Adjusted EPS increased by 59% to $1.95[8] Segment Performance - Climate Solutions - Fiscal Year 2023 net sales were $1.0 billion, up 11%[10] - Fiscal Year 2023 adjusted EBITDA was $148.0 million, up 49%[10] - Data Centers revenue increased by 60% due to product expansions in North America[10] - Adjusted EBITDA margin improved by 370 bps to 14.6%[10] Segment Performance - Performance Technologies - Q4 FY23 net sales increased by 13% to $364.1 million[91] - Adjusted EBITDA increased by 51% to $33.3 million, with a margin of 9.1%[17, 92] Fiscal Year 2024 Outlook - Net sales are projected to grow by 4% to 10%, reaching $2.4 billion to $2.5 billion[38] - Adjusted EBITDA is expected to be between $240 million and $260 million, a 13% to 23% increase[38]