Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Building HVAC Systems, Commercial and Industrial Solutions, and Heavy Duty Equipment and Automotive segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; hydronic products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; hybrid fan coils; and condensing units. It also provides microchannel, heat recovery, and round tube plate fin coils; unit, fluid, transformer oil, and brine coolers, as well as remote condensers; and coatings to protect against corrosion. In addition, the company offers powertrain cooling products, including engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; auxiliary cooling products, such as transmission and retarder oil coolers, and power steering coolers; and complete battery thermal management systems and electronics cooling packages. It serves heating, ventilation, and cooling OEMs; construction architects and contractors; wholesalers of heating equipment; automobile, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; and commercial and industrial equipment OEMs. The company has operations in North America, South America, Europe, the Asia/Pacific, the Middle East, and Africa. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
IPO Year:
Exchange: NYSE
Website: modine.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/1/2024 | $125.00 → $140.00 | Buy | B. Riley Securities |
7/29/2024 | Outperform | William Blair | |
3/19/2024 | $105.00 | Outperform | Oppenheimer |
6/13/2023 | $40.00 | Market Outperform | CJS Securities |
6/7/2023 | $40.00 | Buy | B. Riley Securities |
12/6/2022 | $25.00 | Market Outperform | CJS Securities |
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
Designed for battery cooling and A/C, the EVantage™ Components deliver the reliability and durability demanded by heavy-duty, high-use Commercial EVs. RACINE, Wis., Aug. 13, 2024 /PRNewswire/ -- Heavy-duty electric vehicles require components that endure harsh conditions with high vibrations and use. With this in mind, Modine (NYSE:MOD, ", Modine", or the ", Company", ))), a diversified global leader in thermal management technology and solutions, today announced the availability of the EVantage Electric Compressor and Valve Product Lines. As the latest addition to the EVantage product family, these ready-to-integrate solutions are designed to work seamlessly in heavy-duty electric vehicles
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
Plug-and-play integration and high-performance components simplify adding HVAC for passenger comfort to commercial EVs RACINE, Wis., July 2, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology, today announced the expansion of its EVantage™ portfolio with the launch of the Cabin Climate System (CCS), a comprehensive thermal management solution specifically designed for commercial, off-highway, and specialty electric vehicles (EVs). Engineered for optimal passenger comfort, the CCS delivers precise temperature control for EV cabins, offering immediate heating and cooling capabilities.
Modine's executive leadership team will update the company's multi-year strategy, growth opportunities and financial targets RACINE, Wis., June 5, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host an Investor Day at its global headquarters in Racine, Wisconsin on September 11, 2024. Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and Chief Financial Officer, Michael B. (Mick) Lucareli, will be joined by other members of the executive m
Racine transit system zero-emission buses equipped with Modine EVantage™ Thermal Management Systems to increase longevity and range. RACINE, Wis., May 29, 2024 /PRNewswire/ -- In support of sustainable mobility solutions across the City of Racine, Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced a collaboration with RYDE Racine, the city's comprehensive public transportation system. As part of an initiative to modernize and reduce public transit fleet emissions, the City of Racine operates nine all-electric buses with the Modine EVantage Thermal Management System, with up to four additional EVs on order. The Modine EVantage therma
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
The new site in Bradford, West Yorkshire, will produce precision cooling equipment under the Airedale by Modine™ brand and comes on the heels of expansion in Calgary, Canada, and Allen, Texas. RACINE, Wis., May 7, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified leader in thermal management technologies and solutions, announced the purchase of a 14.6 acre manufacturing site in Bradford, UK, to support increased production of Airedale by Modine™ precision cooling equipment used in the data center industry. The purchase follows recent expansion in Calgary, Canada, to manufacture cooling equipment for hyperscale customers in North America, and a new facility in Allen, Texas, to develop liq
Additional facility in Serbia will manufacture coils for commercial and residential heat pump applications. RACINE, Wis., April 23, 2024 /PRNewswire/ -- Modine (NYSE:MOD), a diversified leader in thermal management technologies and solutions, officially marked the opening of a second facility in Sremska, Serbia, to manufacture coils for commercial and residential heat pump applications. Serbian Prime Minister-designate Milos Vučević and U.S. Ambassador to Serbia Christopher Hill were among the dignitaries who attended the grand opening ceremony. "We are honored that Prime Mini
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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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B. Riley Securities reiterated coverage of Modine Manufacturing with a rating of Buy and set a new price target of $140.00 from $125.00 previously
William Blair initiated coverage of Modine Manufacturing with a rating of Outperform
Oppenheimer initiated coverage of Modine Manufacturing with a rating of Outperform and set a new price target of $105.00
CJS Securities resumed coverage of Modine Manufacturing with a rating of Market Outperform and set a new price target of $40.00
B. Riley Securities initiated coverage of Modine Manufacturing with a rating of Buy and set a new price target of $40.00
CJS Securities initiated coverage of Modine Manufacturing with a rating of Market Outperform and set a new price target of $25.00
Colliers Securities resumed coverage of Modine Manufacturing with a rating of Hold
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
Acquisition provides modular heat pump chillers and condensing units that complement Modine's existing indoor air quality line focused on the North American K-12 school market RACINE, Wis., July 6, 2023 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in innovative thermal management and ventilation solutions, announced today that it acquired Napps Technology, a manufacturer of air- and water-cooled chillers, condensing units and heat pumps for the K-12 school market and other similar applications. This acquisition is in line with Modine's growth strategy to provide differentiated technologies and systems that help customers address real-world concerns, such as improving indoo
Strong fourth quarter drives record full year 2023 sales and earnings Fiscal 2024 outlook calls for another record year with continued margin expansion across both segments RACINE, Wis., May 24, 2023 /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, 2023. Fourth Quarter Highlights: Net sales of $618.1 million increased 8 percent from the prior yearOperating income of $48.5 million increased $27.9 million, or 135 percent, from the prior