Modine Reports Q3 EPS of $.12 vs. $.09

Modine Manufacturing Company MOD today reported its financial results for the third quarter ended December 31, 2010. Highlights include: Sales were $360 million, up 19 percent from the same period last year; Gross profit increased 20 percent to $57.1 million; Operating income of $9.9 million represented a 73 percent improvement from the prior year; Net earnings were $5.8 million resulting in diluted earnings per share of $0.12 versus $0.08 for the same period last year; and Adjusted EBITDA was $26.6 million, a $1.3 million increase from the prior year.