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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents $ 83.8 $ 60.1
Trade accounts receivable - net 423.0 422.9
Inventories 336.7 357.9
Other current assets 62.1 53.1
Total current assets 905.6 894.0
Property, plant and equipment - net 354.8 365.7
Intangible assets - net 152.3 188.3
Goodwill 232.6 230.9
Deferred income taxes 61.9 75.1
Other noncurrent assets 122.6 97.5
Total assets 1,829.8 1,851.5
LIABILITIES AND SHAREHOLDERS' EQUITY    
Short-term debt 2.4 12.0
Long-term debt - current portion 38.4 19.7
Accounts payable 244.0 283.4
Accrued compensation and employee benefits 88.6 101.6
Other current liabilities 110.1 129.1
Total current liabilities 483.5 545.8
Long-term debt 330.0 399.9
Deferred income taxes 24.1 30.0
Pensions 20.3 27.7
Other noncurrent liabilities 108.7 92.6
Total liabilities 966.6 1,096.0
Commitments and contingencies (see Note 18)
Shareholders' equity:    
Preferred stock, $0.025 par value, authorized 16.0 million shares, issued - none 0.0 0.0
Common stock, $0.625 par value, authorized 80.0 million shares, issued 56.4 million and 56.1 million shares 35.3 35.0
Additional paid-in capital 300.7 283.7
Retained earnings 793.4 659.0
Accumulated other comprehensive loss (195.3) (163.4)
Treasury stock, at cost, 3.9 million and 3.7 million shares (79.0) (66.7)
Total Modine shareholders' equity 855.1 747.6
Noncontrolling interest 8.1 7.9
Total equity 863.2 755.5
Total liabilities and equity $ 1,829.8 $ 1,851.5