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 |
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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
The new facility in Chennai will manufacture Airedale by Modine™ advanced cooling technologies and also cooling modules for stationary power generation equipment RACINE, Wis., Jan. 7, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced plans to open a new facility in Chennai, India, in mid-2025 to meet increased demand for mission-critical cooling solutions used at data centers. The facility will manufacture data center cooling equipment under the Airedale by Modine™ brand, and also cooling modules for stationary power generation equipment. This expansion follows the recent opening of new manufacturing facilities in Ca
Leading heating solution manufacturer highlights advances in standalone heating solutions with their growing catalog of gas- and electric-powered products RACINE, Wis., Dec. 2, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leading HVAC manufacturer, announces they will showcase their newest heating solutions, including the recently updated line of Hot Dawg® Unit Heaters, at the 2024 Heating Air-conditioning Refrigeration Distributors International (HARDI) Conference in Atlanta on Dec. 7-10. During the conference, Modine will highlight enhancements to the rest of the Hot Dawg® lin
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
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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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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