New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:16 EDTMODModine Manufacturing reports Q3 EPS 2c ex-items, consensus 8c
Reports Q3 revenue $326.1M, consensus $337.94M.
News For MOD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 16, 2015
15:51 EDTMODModine Manufacturing sees $2M charge in 1Q16 from plant closure
In connection with this upcoming closure, Modine Manufacturing expects to incur a charge of approximately $2M in 1Q16, primarily related to anticipated severance payments. In addition to temporary inefficiencies, the company expects to incur total closure costs of approximately $3M over the entire closure period. The company anticipates it will generate annual savings of at least $9M once the closure is completed in fiscal 2018. In addition to achieving savings, the company anticipates that this consolidation will result in additional revenue opportunities and growth in vehicular markets due to the more competitive cost structure.
15:49 EDTMODModine announces conditional plans to close Washington, Iowa manufacturing plant
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use