Acquisitions and Dispositions (Tables)

12 Months Ended

Mar. 31, 2024

Scott Springfield Manufacturing [Member]

Acquisitions and Dispositions [Abstract]

The Company has preliminarily allocated the purchase price of Scott Springfield Manufacturing to the identifiable tangible and intangible assets acquired and the liabilities assumed based upon their estimated fair values as of the acquisition date, as follows:

Cash and cash equivalents	$	0.3
Trade accounts receivable		27.5
Inventories		20.9
Property, plant and equipment		6.0
Intangible assets		102.3
Goodwill		65.2
Other assets		4.0
Accounts payable		(8.6	)
Accrued compensation and employee benefits		(1.3	)
Deferred income taxes		(24.4	)
Other liabilities		(7.8	)
Purchase price	$	184.1

Acquired Intangible Assets

Acquired intangible assets were as follows:

	Gross		Weighted-
	Carrying		Average
	Value		Useful Life
Customer relationships	$	66.9	12 years
Order backlog		22.6	1 year
Trade name		12.8	10 years
Total intangible assets acquired	$	102.3

Unaudited Supplemental Pro Forma Information

The following unaudited supplemental pro forma information presents the Company’s consolidated results of operations as though the acquisition of Scott Springfield Manufacturing had occurred at the beginning of fiscal 2023. This pro forma financial information is presented for illustrative purposes only and is not considered to be indicative of the operating results that would have been achieved had the acquisition been completed as of the date indicated or the operating results that may be obtained in the future.

	Years ended March 31,
	2024		2023
Net sales	$	2,507.5	$	2,346.2
Net earnings attributable to Modine		164.3		126.3

Napps Technology Corporation [Member]

Acquisitions and Dispositions [Abstract]

Allocation of Purchase Price

The Company’s allocation of the purchase price was as follows:

Trade accounts receivable	$	1.2
Inventories		1.3
Property, plant and equipment and other assets		0.1
Intangible assets		2.9
Goodwill		1.0
Accounts payable and other liabilities		(0.7	)
Purchase price	$	5.8