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) reported strong Q2 fiscal 2025 results with net sales increasing 6% to $658.0 million. Operating income grew 15% to $75.3 million, while Adjusted EBITDA rose 23% to $99.8 million. The company's performance was driven by data center revenue growth and the Scott Springfield acquisition, despite lower volumes in vehicular markets. The Climate Solutions segment saw a 27% sales increase to $366.4 million, while Performance Technologies segment sales decreased 12% to $297.5 million. Earnings per share was $0.86, with adjusted EPS increasing 9% to $0.97.
Modine (NYSE: MOD) announced the opening of a new 23,200m² facility in Calgary, Canada, dedicated to manufacturing Airedale by Modine™ precision cooling equipment for data center customers, particularly in the hyperscale market. Following the acquisition of Scott Springfield Manufacturing in February and the recent opening of a facility in Bradford, UK, this expansion strengthens Modine's global manufacturing footprint, which includes facilities in Spain, the UK, and the U.S. The first units from the Calgary facility are expected to be delivered by the end of 2024.
Modine (NYSE: MOD) has officially opened its 14.6-acre Bradford, UK site for producing Airedale by Modine™ precision cooling products for data centers, launching production two months ahead of schedule. The facility manufactures computer room air handlers and fan walls, with plans to construct a state-of-the-art fan wall test center.
The company can now supply global customers with precision cooling equipment from facilities across Canada, Spain, the UK, and the U.S. Additionally, Art Laszlo has been appointed as Group Vice President, Data Centers, transitioning from his previous role leading the Liquid-Cooled Applications business.
Modine (NYSE: MOD), a global leader in thermal management technology, has been selected as the thermal solutions supplier for GILLIG's hybrid-electric bus platform. Modine provides its EVantage Battery Thermal Management Systems (BTMS) and inverter cooling module for GILLIG Hybrid buses, powered by the Allison eGen Flex® system. These systems optimize thermal performance and system efficiency, ensuring longevity and consistent performance under various conditions.
Since 2023, GILLIG has delivered over 100 hybrid buses with Modine's technology integrated, proving its reliability in various communities. The partnership between Modine and GILLIG is built on a shared commitment to creating sustainable transportation solutions. GILLIG's Hybrid buses feature an integrated system with a Clean Diesel engine, electrical drive unit, and roof-mounted energy storage system, ideal for multiple daily route services.
Modine (NYSE: MOD), a global leader in thermal management technology, has announced it will host a conference call and webcast to discuss its second quarter fiscal 2025 financial results on October 30, 2024, at 10:00 a.m. Central Time. The results are scheduled for release after market close on October 29, 2024. Neil D. Brinker, President and CEO, and Michael B. Lucareli, EVP and CFO, will review the company's Q2 financial results during the call.
Investors can access the live webcast through Modine's website investor section. A replay of the presentation and audio will be available after the event, with an audio-only replay accessible until November 6, 2024. Modine, headquartered in Racine, Wisconsin, operates globally with over 11,000 employees, focusing on improving air quality and conserving natural resources through its Climate Solutions and Performance Technologies segments.
Modine (NYSE: MOD), a leader in innovative heating solutions, has introduced two new low-intensity tube heaters, the MRS and MRL, to its infrared heating lineup. These gas-fired units are designed to enhance comfort in outdoor spaces such as home patios, restaurant patios, and entertainment venues.
The MRS, with a 9ft length, can heat up to 180 square feet and offers fire rates of 50,000 btu/hr (high) and 35,000 btu/hr (low). The larger MRL, at 16ft 4in, covers up to 312 square feet and comes with multiple fire rate options ranging from 50,000 to 100,000 btu/hr.
Both models are available in natural gas or propane configurations, feature aluminum housing and stainless steel flexible gas connectors for durability, and are designed for easy installation. This expansion reflects Modine's response to strong market demand for outdoor heating solutions.
Modine (NYSE: MOD), a global leader in thermal management technology, has appointed Dan Hedstrom as its new Chief Information Officer (CIO) effective October 14, 2024. Hedstrom replaces Steve Langer, who is retiring at the end of the year. In his role, Hedstrom will lead Modine's global IT function and execute the company's digital strategy, focusing on business-aligned IT solutions to optimize performance, enhance productivity, and improve cyber security.
Hedstrom joins Modine from Cubic , where he served as Vice President and CIO since 2018. He brings experience in scaling IT systems to support growth and has a bachelor's degree in Computer Engineering from California Polytechnic State University. Mick Lucareli, Executive Vice President and CFO, expressed confidence in Hedstrom's ability to contribute to Modine's global business strategies.
Modine (NYSE: MOD), a global leader in thermal management technology, has announced the appointment of Mark Bendza to its Board of Directors, effective immediately. Bendza, currently the CFO of Telos , brings extensive experience in finance and international business from his roles at Honeywell International and Northrop Grumman
Bendza will serve on the Audit Committee and stand for election at Modine's 2025 annual meeting. Marsha Williams, Chairperson of Modine's Board, expressed confidence that Bendza's strategic financial leadership experience in technology and manufacturing sectors will be valuable as the company continues its transformation.
Bendza holds an MBA from Columbia Business School and a BA from Wesleyan University. He is also an executive member of the Latino Corporate Directors Association.
Airedale by Modine™, a brand of Modine (NYSE: MOD), has launched a 1MW Cooling Distribution Unit (CDU) to meet the growing demand for high-performance cooling solutions in the global data center industry. This technology is important for liquid and hybrid cooling systems managing next-generation IT applications. The CDU is designed to support high-density computing applications like generative artificial intelligence and machine learning.
The CDU can deliver up to 1MW of cooling capacity and operates at supply temperatures of up to 30°C (86°F) in secondary water loop systems and 26°C (79°F) in primary loop structures. It's suitable for both colocation and hyperscale data center providers dealing with higher density IT heat loads. This launch aligns with Modine's strategy to expand its global data center product offering and capture market opportunities in the rapidly growing data center liquid cooling market.
Modine (NYSE: MOD), a global thermal management technology leader, updated its multi-year strategy at an Investor Day event. The company increased its fiscal 2027 targets, aiming for a 16-18% adjusted EBITDA margin and a 10-13% three-year compound average growth rate (CAGR) in revenue. Modine's strategy focuses on evolving its portfolio towards high-growth, high-margin businesses for sustainable growth and returns.
The company plans to leverage its thermal management expertise and mission-critical products to drive growth powered by strong secular mega-trends. Modine is re-segmenting its business to improve product and market focus, aligning with its 80/20 principles. Key areas of focus include high-performance computing, electrification, and clean indoor air quality.
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