Modine Manufacturing Segment Realignment

Modine Manufacturing realigned its segment structure, separating the automotive business from the Heavy Duty Equipment segment and creating four reportable segments. The company also replaced its key non-GAAP metric with Adjusted EBITDA.

“Effective April 1, 2020, Modine Manufacturing Company (the “Company”) began managing its global automotive business separate from the other businesses within the previously-reported Vehicular Thermal Solutions ("VTS") segment.”

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