On August 18, Modine Manufacturing fell 5.65% in regular trading, trading at $206.91/share, with turnover of $39.23 million.
On the news front, the company reported Q1 adjusted EBITDA of $106.5 million, significantly missing the market consensus estimate of $121.6 million by approximately 12.4%. Revenue of $874.1 million also came in slightly below the $877.568 million estimate. While adjusted EPS of $1.53 beat expectations of $1.29 by 18.6%, the full-year adjusted EBITDA guidance of $650 million to $680 million sent a cautious signal, with its lower bound falling below the market consensus of $664.8 million.
Additionally, the Building Products sector broadly declined, with Johnson Controls down 2.49%, Trane Technologies down 1.98%, Carrier Global down 1.05%, and Carlisle down 1.62%, amplifying pressure on individual names through sector-wide selling.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)