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Modine Manufacturing earnings drop

Milwaukee, Wis. Modine Manufacturing reported a drop in net income to $13 million in the quarter ended December 26, down from $21 million in the same quarter a year ago.

Net quarterly sales increased around 10 percent to $411 million, mostly from acquisitions. Modine makes thermal management equipment for automotive and other industries, including fuel cells. By WTN News 01/23/06

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