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.
Introduction
Modine Manufacturing Co (MOD) has been at the forefront of engineered thermal management solutions since 1916. With a rich legacy of innovation, the company develops advanced heat transfer systems and thermal components that deliver efficient cooling and heating for a wide variety of applications. Today, Modine serves markets ranging from automotive and commercial vehicles to off-highway equipment, HVAC&R and data centers, harnessing its deep industry expertise to meet diverse customer needs.
History & Legacy
Founded over a century ago, Modine has built its reputation by continuously applying state-of-the-art thermal technology to solve complex heat management challenges. Over the years, the company has evolved to integrate innovative designs and proprietary technologies, reinforcing its status as a trusted provider in thermal management. Its long history not only symbolizes reliability, but also a commitment to engineering excellence and continuous improvement.
Core Business & Engineered Solutions
At its core, Modine designs and manufactures thermal management systems and components tailored for optimum performance. Its products include:
- Engineered Heat Transfer Systems: Custom-designed to deliver precise temperature control and optimal efficiency in environments ranging from automotive powertrains to data centers.
- Cooling & Heating Solutions: Products such as radiators, condensers, charge air coolers, and integrated cooling modules that ensure reliability in demanding applications.
- EV & Advanced Thermal Solutions: Innovative systems that address the unique thermal challenges associated with electric vehicles and high-performance computing, enhancing both operational efficiency and longevity.
These products are recognized for their robust design, energy efficiency and adaptability, which have provided many of the world's leading original equipment manufacturers with a competitive edge in their respective markets.
Market Position & Competitive Landscape
Modine operates in a highly competitive global marketplace that spans multiple industries. Its deep-rooted history and commitment to quality engineering enable it to effectively serve customers in automotive, commercial vehicle, off-highway, HVAC&R, and data centers. The company differentiates itself through comprehensive thermal solutions that not only address immediate needs, but also enhance overall system performance. This positions Modine as a reliable partner in both traditional and emerging markets, including sustainable mobility and data center operations.
Innovation, Technology & Global Presence
Innovation is a core pillar of Modine’s strategy. The company continuously invests in R&D to refine its proprietary heat exchanger technology and integrated control systems. This focus on innovation is evident in its expansion into advanced electric vehicle thermal systems and precision cooling for data centers, where high-performance demands require solutions that deliver both reliability and efficiency in extreme conditions. With operations spread across North America, Europe, Asia, and South America, Modine leverages a global manufacturing footprint to provide localized support and agile response to market demands.
Business Model & Revenue Generation
Modine’s revenue model is built on the direct sale of engineered thermal management systems, customized for a broad range of applications. The company generates income by addressing pain points in temperature regulation and system reliability, making it an indispensable supplier to automotive OEMs, commercial equipment manufacturers, and technology-driven industries such as data centers. Its diversified portfolio and focus on high-margin products allow Modine to maintain stable earnings despite fluctuations in specific end markets.
Strategic Partnerships & Industry Collaborations
Modine’s track record of innovation is further strengthened by strategic partnerships and collaborations with key players in various industries. By working closely with OEMs, public transportation systems, and technology providers, the company not only delivers tailored solutions but also garners insights that feed back into further product improvements. These collaborations highlight its commitment to supporting the evolving needs of customers, ensuring that thermal performance, operational efficiency, and system reliability remain uncompromised in even the most challenging environments.
Conclusion
In summary, Modine Manufacturing Co exemplifies engineering excellence in thermal management technology. Its comprehensive portfolio of cooling, heating, and integrated thermal management systems are designed to meet the diverse and stringent demands of multiple industries. By blending decades of expertise with a consistent drive for innovation, Modine remains a vital contributor to advancements in both traditional and emerging markets, offering solutions that are as reliable as they are efficient. Whether serving automotive, off-highway, EV, or data center applications, Modine continues to build on its legacy by transforming customer challenges into measurable engineering success.
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.
Modine (NYSE: MOD) announces revitalization of its Hot Dawg® Series heating solutions, introducing enhanced features across gas-fired, electric, and hydronic models. The gas-fired unit now features a dimpled heat exchanger tube for improved efficiency and reduced noise, along with relocated gas valve manometer connections for easier access. The H20 Low Profile Hot Water Unit includes a new three-row coil and copper water pipe stub-outs. The Amp Dawg™ electric heater, available in 5.7kW and 9.0kW models, complements the lineup with versatile heating options for various applications.
FAQ
What is the current stock price of Modine Manf (MOD)?
What is the market cap of Modine Manf (MOD)?
What primary markets does Modine serve?
How does Modine generate its revenue?
What sets Modine apart in the thermal management industry?
How does Modine support electric vehicle and data center applications?
What role does innovation play in Modine’s strategy?
How does Modine maintain a global presence?
