Modine Manufacturing Co. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 11 cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.
In the prior-year period, the per-share result came in at a profit of 11 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.4 million, a gain from $5.3 million in the year-earlier period.
The normalized profit margin dropped to 1.5% from 1.5% in the year-earlier period.
Total revenue grew on an annual basis to $363.6 million from $347.0 million, and total operating expenses increased 5.0% year over year to $351.4 million from $334.7 million.
Reported net income totaled $9.1 million, or 19 cents per share, compared to a loss of $3.8 million, or a loss of 8 cents per share, in the prior-year period.
