Modine Manufacturing Company (NYSE:MOD) reported its financial results for the second quarter ended September 30, 2011. Sales were $397 million, up 15 percent; Gross profit increased 11 percent to $62.0 million; Operating income of $11.9 million represented a 32 percent improvement; Other expense included $5.7 million of losses due to changes in foreign currency rates; and Diluted earnings per share was $0.03 versus diluted loss per share of $0.36.
Modine Manufacturing Company engages in the development, manufacture, and marketing of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and to various building, industrial, refrigeration, and fuel cell markets.
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