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 Manufacturing Company (NYSE: MOD) announced the appointment of Gina Bonini as General Manager of its newly established Electric Vehicle business unit. This unit aims to develop thermal management systems for electric vehicles, focusing on optimal powertrain temperature regulation. Modine is currently in discussions with over 30 customers, in production on three programs, and has secured five additional programs set to launch in the next year. CEO Neil D. Brinker emphasized the importance of this growth market, aiming to enhance battery range and longevity through innovative technology.
Modine Manufacturing Company (NYSE: MOD) announced the establishment of a dedicated business unit focusing on thermal management systems for electric vehicles (EVs). This strategic move aims to support customers in the transition to alternative powertrains. CEO Neil D. Brinker emphasized the company's commitment to the EV market, highlighting ongoing developments with over 30 customers and multiple program wins. Modine's existing technologies are crucial for maintaining optimal battery temperatures, thereby enhancing battery range and longevity. Fiscal 2021 revenues reached $1.8 billion.
Modine Manufacturing Company (NYSE: MOD) has appointed Michael S. Postma as General Manager of its Coils business unit, reporting to Adrian I. Peace. Postma, formerly President of LA Darling and other Marmon Holdings subsidiaries, brings extensive P&L leadership experience to this complex segment. Modine aims to enhance commercial execution and operational efficiency within its coils division, a critical component of its $1.8 billion revenue base. The company operates globally, manufacturing specialized thermal management solutions.
Modine Manufacturing Company (NYSE: MOD) announced a strategic partnership with Advancoat LLC to provide Insitu® coatings services in South Florida. As part of this agreement, Modine will close its Pompano Beach facility to enhance its coatings business through licensing partnerships. This strategy aims to expand coatings delivery and allow Modine to focus on product development. Modine has seen significant growth in its licensee network, now exceeding 90 licensed applicators in the Americas. Fiscal 2021 revenues for Modine were $1.8 billion.
Modine Manufacturing Company (NYSE: MOD) reported a strong financial performance for Q1 ended June 30, 2021. Net sales rose 42% to $494.6 million, driven by growth across all segments. Operating income improved to $8.7 million from a loss of $3.2 million, and adjusted EBITDA increased 62% to $33.3 million. EPS was $0.04, compared to a loss per share of $0.17 in the previous year. Despite supply chain disruptions and cost inflation, Modine maintains its full-year guidance, anticipating a 12-18% sales increase and adjusted EBITDA of $170 million to $185 million.
Modine Manufacturing Company (NYSE: MOD) announced the appointment of Eric S. McGinnis as Vice President of Building HVAC on August 4, 2021. McGinnis, with over 28 years of industrial leadership experience, formerly served as President of Industrial Systems at Regal Beloit Corporation. He will lead the Building HVAC segment, focusing on heating and indoor air quality solutions. The previous VP, Matthew J. McBurney, will remain at Modine to assist with the transition and special projects.
Modine reported fiscal 2021 revenues of $1.8 billion.
Modine Manufacturing Company (NYSE: MOD) announced the appointment of Adrian I. Peace as Vice President of Commercial and Industrial Solutions (CIS), effective immediately. Mr. Peace brings over 25 years of leadership experience in global industrial sectors, previously serving as a strategic advisor and in various roles at Republic Services and W.W. Grainger. He replaces Scott A. Miller, who is retiring. Modine reported fiscal 2021 revenues of $1.8 billion and operates in multiple international markets, focusing on thermal management solutions.
Modine Manufacturing Company (NYSE: MOD) will host a conference call on August 5, 2021, at 8:00 a.m. Central Time to discuss financial results for the first quarter ending June 30, 2021. The results will be released after market close on August 4, 2021. President and CEO Neil D. Brinker, along with CFO Michael B. Lucareli, will present the earnings during the call. Investors can access the live webcast via Modine's website. A replay will be available after the event.
Modine Manufacturing Company (NYSE: MOD) reported financial results for Q4 and FY ending March 31, 2021. Q4 net sales rose to $514.9 million, a 9% increase from last year. However, impairment charges of $32.4 million in the Automotive segment led to an operating loss of $14.3 million and a net loss per share of $0.29. For the full year, net sales decreased to $1.8 billion, down 8%, with a net loss per share of $4.11. Notably, adjusted earnings per share improved to $1.14 from $1.05 previously, reflecting operational resilience.
Modine Manufacturing Company (NYSE: MOD) announced the promotion of Mick Lucareli to Executive Vice President and Chief Financial Officer. Lucareli, who has been with the company for 22 years and previously served as Vice President, will now also lead Business Development. CEO Neil D. Brinker praised Lucareli’s role in the company's transformation and his leadership skills. With fiscal 2020 revenues of $2.0 billion, Modine focuses on thermal management solutions globally.
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