Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
The feature you requested does not exist. However, we suggest the following feature:

MODINE MANUFACTURING : Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)

07/31/2015 | 01:29pm US/Eastern

When we use the terms " value="NYSE:MOD" idsrc="xmltag.org">Modine," "we," "us," the "Company," or "our" in this report, we are referring to value="NYSE:MOD" idsrc="xmltag.org">Modine Manufacturing Company. Our fiscal year ends on March 31 and, accordingly, all references to quarters refer to our fiscal quarters. The quarter ended June 30, 2015 was the first quarter of fiscal 2016.

First Quarter Highlights: Net sales in the first quarter of fiscal 2016 decreased $46.4 million, or 12 percent, from the first quarter of fiscal 2015, primarily due to a $40.2 million unfavorable impact of foreign currency exchange rate changes associated with the strengthening of the U.S. dollar and lower sales volume to off-highway customers, partially offset by higher sales volume to automotive customers. Gross profit decreased $10.7 million, primarily due to the unfavorable impact of foreign currency exchange rate changes, including the impact on material costs in value="LR/eur" idsrc="xmltag.org">Europe and value="LC/br" idsrc="xmltag.org">Brazil. Selling, general and administrative ("SG&A") expenses in the first quarter of fiscal 2016 remained consistent with the prior year. During the first quarter of fiscal 2016, our net earnings were $5.5 million, compared with net earnings of $14.1 million in the first quarter of the prior year.

© Edgar Online, source Glimpses

React to this article
Latest news about  
1  2  3  4  5  6  7  8  9  10Next

Most Read News 
07/24 JEFF BEZOS : Amazon.com CEO Bezos up $8 billion, down $4 billion on stock swing
07/25DJANSHU JAIN : Ex-Deutsche Bank Official Jain Cleared of Misleading Regulators Over Libor Rigging
07/27DJPATRICK DRAHI : Drahi Boosts Media Holdings With NextRadioTV Buy
07/27DJROBIN LI : Investment in Offline Services Hits Baidu Profits
07/28 JACK DORSEY : Twitter CEO Dorsey's criticism of company refreshing, analysts say
07/29DJDANIEL GILBERT : Chevron and Exxon Get the Plaudits, but Some Smaller Drillers Faring Well
07/28 JOHN MCFARLANE : Barclays boss McFarlane seen speeding asset sales, cost cuts
More news
Popular Business Leaders 
Jean-michel Aulas Ernesto Bertarelli Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Stéphane Courbit Serge Dassault Jean-claude Decaux David Einhorn Larry Ellison Pierre Fabre Bill Gates Carl Icahn Steve Jobs Li Ka-shing Kirk Kerkorian Arnaud Lagardère Maurice Lévy Lakshmi Mittal Rupert Murdoch Nelson Peltz François-henri Pinault Ferdinand Piëch Lee Shau Kee Carlos Slim George Soros Donald Trump Alain Weill Guy Wyser-pratte
A-Z Business Leaders