Welcome to our dedicated page for Modine Manf news (Ticker: MOD), a resource for investors and traders seeking the latest updates and insights on Modine Manf stock.
Modine Manufacturing Company (MOD) delivers essential thermal management solutions for automotive, data center, and sustainable mobility markets. This news hub provides investors and industry professionals with authoritative updates on Modine's strategic developments, technological breakthroughs, and market leadership.
Access real-time press releases covering earnings reports, product innovations, and partnership announcements. Our curated collection includes updates on EV battery cooling systems, data center efficiency solutions, and Modine's global expansion initiatives. Each release is verified for accuracy and relevance to support informed decision-making.
Key coverage areas include:
• Thermal system innovations for electric vehicles
• Data center cooling advancements
• Strategic industry partnerships
• Financial performance updates
Bookmark this page for direct access to Modine's official communications and expert analysis of their market-moving developments in heat transfer technology.
Airedale by Modine has launched an AI-enhanced version of its Cooling System Optimizer™, introducing Cooling AI™ for high-density data centers. The patent-pending technology combines machine learning, neural networks, and digital twins to optimize cooling efficiency.
The system functions as a supervisory layer that continuously analyzes cooling demands and makes proactive adjustments, promising up to 40% reduction in energy consumption. Key benefits include:
- Improved power usage effectiveness (PUE)
- Enhanced operational stability
- Extended equipment lifecycle
- Reduced maintenance costs
The solution is available both as a new system and as a retrofit option for existing Airedale by Modine Cooling System Optimizer installations, targeting hyperscale, colocation, and enterprise data centers.
Modine (NYSE: MOD) has announced a definitive agreement to acquire AbsolutAire, a Michigan-based manufacturer of direct-fired heating, ventilation, and make-up air systems. The acquisition, expected to close on April 1, 2025, will enhance Modine's technology portfolio and expand its HVAC offerings.
AbsolutAire, with 2024 revenue of approximately $25 million, will be integrated into Modine's Heating & Schools IAQ product group within the Climate Solutions segment. The acquisition provides Modine access to a broader customer base in commercial, industrial, food service, and warehousing applications, positioning the company to capitalize on growth opportunities driven by stricter HVAC and air quality management requirements.
Modine (NYSE: MOD) has announced a significant $100 million share repurchase program authorized by its Board of Directors. The program allows the company to buy back shares through open market purchases or private transactions, demonstrating confidence in its long-term strategy and commitment to shareholder value.
The authorization provides flexibility without requiring a specific number of shares to be repurchased. Decisions will be based on various factors including capital needs, share price, trading volumes, and market conditions. CEO Neil D. Brinker emphasized that the program reflects confidence in business strength and commitment to financial targets while evolving their product portfolio.
Modine (NYSE: MOD) has announced expanded capacities for its Airedale coolant distribution units (CDUs), enhancing its thermal management solutions for data centers. The CDU range, initially launched as a 1MW unit, now offers capacities from 400kW to 2MW, with potential for larger capacity through engineered-to-order designs.
The expansion addresses growing demand for hybrid cooling solutions in the global data center industry, particularly for managing high-density IT heat loads in colocation, hyperscale, and edge-based facilities. The standardized range is manufactured in both the U.S. and Europe.
Airedale by Modine will showcase their CDU technology at Data Center World in London, March 12-13, 2025, at Stand DC155.
Modine (NYSE: MOD) has secured $180 million in orders for Airedale by Modine™ data center cooling systems from a new customer in AI infrastructure development. The high-capacity equipment will be manufactured at facilities in Rockbridge, Virginia, and Grenada, Mississippi, with delivery scheduled throughout 2025 and first half of 2026.
The cooling systems are designed to lower total ownership costs through superior Power Usage Effectiveness (PUE), featuring free-cooling technology and advanced control systems. These solutions will support the customer's objectives of building large-scale, optimized data centers for AI applications.
The company expects this to be a long-term partnership and projects organic growth exceeding 30% in their next fiscal year, supported by current order intake and development pipeline.
Modine (NYSE: MOD) announced a leadership change in its Performance Technologies segment, with President Adrian I. Peace departing effective September 30, 2025. CEO Neil D. Brinker will temporarily lead the segment while the company conducts a comprehensive search for Peace's successor.
The company affirmed that its strategy to reposition the Performance Technologies segment remains intact, focusing on achieving a higher growth and higher margin business mix through 80/20 discipline. The segment maintains its financial targets, aiming for 15% to 18% adjusted EBITDA margins over the next two years.
Modine (NYSE: MOD) reported Q3 fiscal 2025 results with net sales of $616.8 million, up 10% year-over-year, driven by strong data center sales and the Scott Springfield acquisition. Net earnings decreased 9% to $41.2 million, while adjusted EBITDA increased 18% to $87.3 million.
The Climate Solutions segment saw a 42% sales increase to $360.8 million, with improved gross margin of 28.6%. However, the Performance Technologies segment experienced a 16% sales decline to $262.2 million due to market-related decreases in automotive, off-highway, and commercial vehicle customers.
The company's free cash flow for the nine months ended December 31, 2024, was $102.2 million. Net debt decreased by $84.5 million from fiscal 2024 end to $287.0 million. Management reaffirmed their fiscal 2025 guidance, anticipating their third consecutive year of record results.
Modine (NYSE: MOD), a global thermal management technology company, has scheduled its Q3 fiscal 2025 earnings conference call for February 5, 2025, at 10:00 a.m. Central Time. The financial results for the period ended December 31, 2024, will be released after market close on February 4, 2025.
CEO Neil D. Brinker and CFO Michael B. Lucareli will review the quarterly results during the call. The live webcast and presentation slides will be accessible through Modine's investor website. A replay will be available online, with an audio-only version accessible until February 12, 2025. A transcript will be posted by February 7, 2025.
Modine employs over 11,000 people globally, operating through Climate Solutions and Performance Technologies segments, focusing on air quality improvement, energy conservation, and emissions reduction.
Modine (NYSE: MOD) has announced plans to open a new manufacturing facility in Chennai, India by mid-2025, focusing on mission-critical cooling solutions for data centers. The facility will produce data center cooling equipment under the Airedale by Modine™ brand and cooling modules for stationary power generation equipment.
This expansion follows recent facility openings in Calgary, Canada, and Bradford, UK. The strategic move aims to capitalize on India's growing data center market, driven by economic growth, skilled labor availability, and enhanced connectivity to Africa, Asia, and the Middle East. This will be Modine's second facility in India, following Modine Thermal Systems India which opened in 2007.
Modine (NYSE: MOD) will showcase their updated Hot Dawg® Unit Heaters line at the 2024 HARDI Conference in Atlanta, December 7-10. The gas-fired units feature enhanced efficiency and reduced noise through a new dimpled heat exchanger tube design. The company will also highlight their Amp Dawg™ Electric Heater, launched a year ago, available in 5.7kW and 9.0kW variants for residential and larger space applications. The electric heater serves as an alternative to gas-powered units, demonstrating Modine's commitment to providing diverse heating solutions.
