Strong quarterly results driven by strategic acquisitions and organic data center growth RACINE, Wis., Oct. 29, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2024. Second Quarter Highlights: Net sales of $658.0 million increased 6 percent from the prior yearOperating income of $75.3 million increased 15 percent from the prior yearAdjusted EBITDA of $99.8 million increased $18.6 million, or 23 percent, from the prior yearEarnings per share

RACINE, Wis., Oct. 16, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its second quarter financial results for the period ended September 30, 2024, on Wednesday, October 30, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, October 29, 2024. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and C

Strong growth in data centers and continued margin improvement provided a strong start to fiscal 2025, leading to an upward revision to full-year earnings outlook RACINE, Wisc., July 30, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended June 30, 2024. First Quarter Highlights: Net sales of $661.5 million increased 6 percent from the prior year, organic sales increased 4 percentOperating income of $74.4 million increased 12 percent from the prior yearAdjuste

RACINE, Wis., July 17, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its first quarter financial results for the period ended June 30, 2024, on Wednesday, July 31, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, July 30, 2024. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and Chief Financi

Continued growth in targeted markets and outstanding gross margin improvement provided a strong finish to fiscal 2024 Fiscal 2025 outlook indicates revenue growth driven by Climate Solutions and strong earnings and margin expansion across both segments  RACINE, Wisc., May 21, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter and fiscal year ended March 31, 2024. Fourth Quarter Highlights: Net sales of $603.5 million decreased 2 percent from the prior year, organi

RACINE, Wis., May 8, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its fourth quarter and fiscal year 2024 financial results for the period ended March 31, 2024, on Wednesday, May 22, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, May 21, 2024. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice Presiden

Acquisition adds hyperscale and colocation solution to Modine's data center technology portfolio and brings highly complementary products and channels to the indoor air quality business RACINE, Wis., Feb. 26, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in innovative thermal management and ventilation solutions, announced today that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units (AHU). With this transaction, Modine will gain immediate access to a highly complementary product portfolio and a blue-chip customer base in several strategic end markets, including hyperscale and colocation da

Growth in target markets and 80/20 improvements resulted in strong third quarter results, leading to third consecutive upward revision to full-year earnings outlook RACINE, Wis., Jan. 30, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2023. Third Quarter Highlights: Net sales of $561.4 million, in line with the prior year including divestiture impactOperating income of $61.7 million increased $22.2 million, or 56 percent, from the prior yearA

RACINE, Wis., Jan. 17, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its third quarter financial results for the period ended December 31, 2023, on Wednesday, January 31, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, January 30, 2024. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and Chi

RACINE, Wis., July 20, 2023 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its first quarter financial results for the period ended June 30, 2023, on Thursday, August 3, 2023, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Wednesday, August 2, 2023. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and Chief Finan

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Art Laszlo appointed Group Vice President to lead Modine's global Data Centers business RACINE, Wis., Oct. 24, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced the official opening of its 14.6 acre Bradford, UK, site acquired earlier this year. This site will be dedicated to meeting demand for Airedale by Modine™ precision cooling products for data centers, with production launching two months ahead of schedule. "The opening of the Bradford site is another exciting milestone in Modine's expansio

Luxfer Holdings PLC (NYSE:LXFR) ("Luxfer" or the "Company"), a global industrial company innovating niche applications in materials engineering, today announced the appointment of Sylvia A. Stein to the Company's Board of Directors, effective August 1, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220630005131/en/Sylvia A. Stein (Photo: Business Wire) Upon joining the Board, Ms. Stein will serve on the Nominating and Governance Committee and the Audit Committee. With the addition of Ms. Stein, Luxfer's Board of Directors is comprised of six members. "We are pleased to welcome Sylvia to our Board," said Patrick Mullen, Lux

RACINE, Wis., May 26, 2021 /PRNewswire/ -- Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter and fiscal year ended March 31, 2021. Fourth Quarter Highlights: Net sales of $514.9 million increased 9 percent from the prior year Impairment charges of $32.4 million related to assets in the Automotive segment resulted in operating loss of $14.3 million and net loss per share of $0.29 Adjusted EBITDA of $42.2 million, down $1.9 million from the prior year Adjusted ear

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Modine Manufacturing (NYSE:MOD) has outperformed the market over the past 15 years by 6.41% on an annualized basis producing an average annual return of 18.43%. Currently, Modine Manufacturing has a market capitalization of $5.17 billion. Buying $100 In MOD: If an investor had bought $100 of MOD stock 15 years ago, it would be worth $1,390.14 today based on a price of $98.70 for MOD at the time of writing. Modine Manufacturing's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's au

Modine Manufacturing's (NYSE:MOD) short percent of float has risen 9.7% since its last report. The company recently reported that it has 3.01 million shares sold short, which is 6.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.14 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte

Modine Manufacturing (NYSE:MOD) has outperformed the market over the past 10 years by 10.43% on an annualized basis producing an average annual return of 21.38%. Currently, Modine Manufacturing has a market capitalization of $5.60 billion. Buying $1000 In MOD: If an investor had bought $1000 of MOD stock 10 years ago, it would be worth $6,858.79 today based on a price of $106.95 for MOD at the time of writing. Modine Manufacturing's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga'

B. Riley Securities analyst Jeff Van Sinderen reiterates Modine Manufacturing (NYSE:MOD) with a Buy and maintains $125 price target.

Modine Manufacturing (NYSE:MOD) has outperformed the market over the past 15 years by 10.43% on an annualized basis producing an average annual return of 23.06%. Currently, Modine Manufacturing has a market capitalization of $5.12 billion. Buying $100 In MOD: If an investor had bought $100 of MOD stock 15 years ago, it would be worth $2,396.32 today based on a price of $97.77 for MOD at the time of writing. Modine Manufacturing's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's a

Modine Manufacturing's (NYSE:MOD) short percent of float has risen 7.07% since its last report. The company recently reported that it has 2.80 million shares sold short, which is 5.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.36 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int

Modine Manufacturing (NYSE:MOD) has outperformed the market over the past 5 years by 33.38% on an annualized basis producing an average annual return of 46.48%. Currently, Modine Manufacturing has a market capitalization of $5.06 billion. Buying $1000 In MOD: If an investor had bought $1000 of MOD stock 5 years ago, it would be worth $6,598.18 today based on a price of $96.62 for MOD at the time of writing. Modine Manufacturing's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's au

Hot Dawg® Series provides diversified heating options, refreshed features as cooler temperatures arrive RACINE, Wis., Nov. 15, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a leader in innovative heating solutions in the HVAC industry, announces today the company is revitalizing the Dawg® Series as part of its continued dedication to providing contractors with heating solutions for every building. "Hot Dawg® has been a trusted name in residential and light commercial heating solutions for almost 30 years," said Jon Schlemmer, Vice President and General Manager of Modine's Heating bu

Strong quarterly results driven by strategic acquisitions and organic data center growth RACINE, Wis., Oct. 29, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2024. Second Quarter Highlights: Net sales of $658.0 million increased 6 percent from the prior yearOperating income of $75.3 million increased 15 percent from the prior yearAdjusted EBITDA of $99.8 million increased $18.6 million, or 23 percent, from the prior yearEarnings per share

The facility manufactures air handling units for the hyperscale market RACINE, Wis., Oct. 28, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced the opening of a new 23,200m² (~250,000ft²) facility in Calgary, Canada. The facility will manufacture Airedale by Modine™ precision cooling equipment to meet the increased demand from data center customers, particularly in the hyperscale market. "We are excited to open this new facility in Calgary in support of our global expansion strategy," said Eric M

Art Laszlo appointed Group Vice President to lead Modine's global Data Centers business RACINE, Wis., Oct. 24, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced the official opening of its 14.6 acre Bradford, UK, site acquired earlier this year. This site will be dedicated to meeting demand for Airedale by Modine™ precision cooling products for data centers, with production launching two months ahead of schedule. "The opening of the Bradford site is another exciting milestone in Modine's expansio

Modine EVantage™ Thermal Management Systems, optimize battery and power electronics thermal performance, increasing system efficiency of hybrid bus RACINE, Wis., Oct. 22, 2024 /PRNewswire/ -- As the transportation industry powers towards zero-emissions solutions, Modine (NYSE:MOD), a diversified global leader in thermal management technology, today announced it is the thermal management supplier for GILLIG, a leading manufacturer of heavy-duty transit buses in the United States, for their hybrid vehicles, powered by the Allison eGen Flex® system. Through this collaboration, Modine provides its advanced EVantage Battery Thermal Management Systems (BTMS) and inverter cooling module for the GIL

RACINE, Wis., Oct. 16, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its second quarter financial results for the period ended September 30, 2024, on Wednesday, October 30, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, October 29, 2024. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and C

The latest additions are innovative and elegant gas-fired units designed to enhance comfort on home patios and decks, restaurant patios, driving ranges and other outdoor entertainment venues, and more RACINE, Wis., Oct. 16, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a leader in innovative heating solutions in the HVAC industry, announces the addition of two innovative, low-intensity tube heaters, the MRS and MRL, to its successful and growing catalogue of infrared units. "Our growing number of infrared heating offerings is a reflection of strong market demand, and we're happy to

RACINE, Wis., Oct. 14, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, is pleased to announce that Dan Hedstrom has joined Modine as Chief Information Officer (CIO) effective today. He takes over from Steve Langer, current Vice President Information Technology, who has announced his plans to retire at the end of this year. As CIO, Hedstrom will have responsibility for leading Modine's global IT function and executing Modine's digital strategy. He will focus on building business-aligned IT solutions that optimi

RACINE, Wis., Oct. 1, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that Mark Bendza will join the company's Board of Directors effective immediately. Mr. Bendza currently serves as Chief Financial Officer at Telos Corporation, a leading provider of cyber, cloud, and enterprise security solutions for the world's most security-conscious organizations. Prior to joining Telos Corporation as CFO in 2021, he served as the head of investor relations for Honeywell International. Prior to that, he held executive roles in finance and international business at Northrop Grumman Corporation and investment banking roles

Critical Cooling Specialists introduces global CDU to serve increasing demand for liquid cooling in data centers. RACINE, Wis., Sept. 17, 2024 /PRNewswire/ -- Airedale by Modine™, a brand of diversified industrial Modine (NYSE:MOD), today announced the launch of a coolant distribution unit (CDU) to meet increasing demand for high-performance, high-efficiency cooling solutions in the global data center industry. The CDU is a critical technology enabler for liquid and hybrid liquid and air cooling systems that manage next-generation IT applications. "Modine's investment in devel