Modine Manufacturing Company (NYSE:MOD) Q4 2022 Earnings Conference Call May 26, 2022 9:00 AM ET
CompanyParticipants
Neil Brinker - President & CEO
Mick Lucareli - EVP & CFO
Kathy Powers - VP, Treasurer, Corporate Communication & IR
Conference Call Participants
Matt Summerville - D.A. Davidson
Steve Ferazani - Sidoti & Company
Operator
Good morning, ladies and gentlemen, and welcome to Modine Manufacturing Company's Fourth Quarter Fiscal 2022 Earnings Conference Call At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. [Operator instructions]. As a reminder, this conference call is being recorded.
I would now like to turn the conference over to your host, Miss Kathy Powers, Vice President, Treasurer, Investor Relations, and Tax. Please go ahead.
Kathy Powers
Good morning, and thank you for joining our conference call to discuss Modine's fourth quarter fiscal 2022 results. I'm joined on this call by Neil Brinker, our President and Chief Executive Officer, and Mick Lucareli, our Executive Vice President and Chief Financial Officer. We'll be using slides for today's presentation, which can be accessed either through the webcast link or by accessing the PDF file posted on the Investor Relations section of our website, modine.com.
On Slide 3 is our notice regarding forward looking statements. This call will contain forward looking statements as outlined in our earnings release, as well as in our company's filings with the Securities and Exchange Commission. With that, it is my pleasure to turn the call over to Neil.
Neil Brinker
Thank you, Kathy, and good morning, everyone. Before covering our quarterly results, I would like to go over some changes that we've made to our segment structure at the beginning of our new fiscal year. We have reorganized into two separate reporting segments, and will begin reporting under this structure in the first quarter of fiscal ‘23. Our first segment is Performance Technologies, which is comprised of our heavy-duty equipment, automotive, EV, and coatings businesses. We are now managing this business by technology and product groups, and will report revenue based on three sub-segments. The first sub-segment contains our air-cooled applications, which includes components that are traditionally attached to the powertrain. These include radiators and condensers sold to our traditional vehicle end markets, commercial vehicle, off-highway, and automotive. The second sub-segment focuses on liquid-cooled applications, including components such as oil coolers and exhaust gas recirculation coolers sold to these same end markets. The third sub-segment is Advanced Solutions, which includes EV systems and components, and coatings. The focus here is rapid growth, and we are allocating a significant number of strategic resources to Advanced Solutions.