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 |
RACINE, Wis., May 7, 2025 /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 2025 financial results for the period ended March 31, 2025, on Wednesday, May 21, 2025, 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 20, 2025. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice Presiden
RACINE, Wis., May 6, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will participate in the Oppenheimer 20th Annual Industrial Growth Conference on Thursday, May 8, 2025. Neil D. Brinker, Modine President and Chief Executive Officer, and Michael B. (Mick) Lucareli, Executive Vice President and Chief Financial Officer, will participate in a virtual fireside chat during the conference on Thursday, May 8, 2025, at 12:45 p.m. Eastern time (11:45 a.m. Central Time). Live webcasts of the eve
AI-enhanced Cooling System Optimizer™ reduces energy consumption by up to 40% RACINE, Wis., April 24, 2025 /PRNewswire/ -- Airedale by Modine™, the critical cooling specialists, is now offering an AI-enhanced version of its Cooling System Optimizer™, marking a tangible advancement in cooling and efficiency for high-density data centers. Cooling AI™ delivers real-time adaptability, predictive intelligence and significant energy savings in response to global data center industry demand for high-performance, high-efficiency controls systems. The patent-pending AI technology utili
Acquisition provides direct-fired industrial heating, ventilation, and make-up air systems that complement Modine's existing Heating and Indoor Air Quality businesses RACINE, Wis., March 11, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in innovative thermal management technology and solutions, announced today that it had entered into a definitive agreement to acquire AbsolutAire, a manufacturer of direct-fired heating, ventilation, and make-up air systems. Modine expects the transaction to close April 1, 2025, subject to customary closing conditions. "A
New authorization demonstrates confidence in the future of Modine RACINE, Wis., March 7, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced that its Board of Directors has authorized a share repurchase program allowing the company to repurchase up to $100 million of the company's outstanding common stock from time to time on the open market, in privately negotiated transactions or otherwise. The repurchase program underscores the company's confidence in its long-term strategy and commitment to del
CDUs are essential for colocation, hyperscale and edge-based data center providers seeking to manage higher-density IT heat loads RACINE, Wis., March 5, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technologies and solutions, today announced expanded capacities for its range of coolant distribution units (CDUs) sold under its Airedale by Modine™ brand. The expanded CDU range comes in response to increasing demand for high-performance, high-efficiency hybrid (air & liquid) cooling solutions from the global data center industry. "We a
RACINE, Wis., Feb. 27, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced $180 million in orders for Airedale by Modine™ data center cooling systems from a new customer that is a leading AI infrastructure developer. The high capacity equipment are purpose-built to meet the customer's objectives to provide scalable, cost-effective and sustainable solutions for AI applications by building large-scale, building-optimized data centers. Airedale by Modine data center solutions are designed to lower the total cost of ownership by delivering superior Power Usage Effectiveness (PUE) through free-cooling technology and a
Leveraging 80/20 processes to accelerate transformation of Performance Technologies segment; long-term strategy remains on track RACINE, Wis., Feb. 26, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced that Adrian I. Peace, President, Performance Technologies, will no longer serve in this role and will terminate employment with the company effective September 30, 2025. Neil D. Brinker, Modine's President and Chief Executive Officer, will assume leadership of the segment on an interim basis. "I wo
Revenue and gross margin growth driven by strong data center sales, including benefit from Scott Springfield acquisition RACINE, Wis., Feb. 4, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2024. Third Quarter Highlights: Net sales of $616.8 million increased 10 percent from the prior yearNet earnings of $41.2 million decreased $3.9 million, or 9 percent, from the prior yearAdjusted EBITDA of $87.3 million increased $13.4 million, or 18 perc
RACINE, Wis., Jan. 22, 2025 /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, 2024, on Wednesday, February 5, 2025, 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, February 4, 2025. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and Chi
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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
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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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RACINE, Wis., May 7, 2025 /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 2025 financial results for the period ended March 31, 2025, on Wednesday, May 21, 2025, 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 20, 2025. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice Presiden
Revenue and gross margin growth driven by strong data center sales, including benefit from Scott Springfield acquisition RACINE, Wis., Feb. 4, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2024. Third Quarter Highlights: Net sales of $616.8 million increased 10 percent from the prior yearNet earnings of $41.2 million decreased $3.9 million, or 9 percent, from the prior yearAdjusted EBITDA of $87.3 million increased $13.4 million, or 18 perc
RACINE, Wis., Jan. 22, 2025 /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, 2024, on Wednesday, February 5, 2025, 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, February 4, 2025. During the call, Modine President and Chief Executive Officer, Neil D. Brinker, and Executive Vice President and Chi
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