RACINE, Wis. (AP) – Modine Manufacturing Co. (MOD) reported a third-quarter tax lack of $ 195.7 million on Thursday, after posting a revenue for a similar interval final yr.
The Racine, Wisconsin-based firm stated it had a lack of $ three.81 per share. Earnings, adjusted for pre-tax bills and asset impairment prices, got here to 41 cents per share.
The producer of heating and cooling merchandise posted income of $ 484.three million within the interval.
Modine shares have risen 9% because the starting of the yr. Within the closing minutes of buying and selling on Thursday, the inventory hit $ 13.71, up 75% over the previous 12 months.
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