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), a global leader in thermal management technology, has joined the United Nations Global Compact, the world's largest voluntary corporate sustainability initiative. This commitment aligns with Modine's focus on sustainable growth and its purpose of Engineering a Cleaner, Healthier World™.
The company has prioritized seven UN Sustainable Development Goals (SDGs) that address key opportunities for the organization, stakeholders, and planet. These include Good Health and Well-Being, Clean Water and Sanitation, Affordable and Clean Energy, Decent Work and Economic Growth, Responsible Consumption and Production, Climate Action, and Peace, Justice and Strong Institutions.
Modine will develop commitments and targets in these areas and report yearly on their actions in support of these goals. The company's mission focuses on advancing global sustainability priorities through its portfolio of engineered thermal solutions.
Modine (NYSE: MOD), a global leader in thermal management technology, will host an Investor Day on September 11, 2024, at its global headquarters in Racine, Wisconsin. The event will feature presentations from key executive leaders, including CEO Neil Brinker and CFO Mick Lucareli.
The company plans to update its multi-year strategy and provide new financial targets during the event. Presentations will begin at 10:30 am ET and will be available via a live webcast on Modine's Investor Relations website. A replay of the webcast will be accessible shortly after the event concludes.
This Investor Day presents an opportunity for stakeholders to gain insights into Modine's future plans and financial outlook, potentially impacting investor sentiment and stock performance.
Modine (NYSE: MOD) has launched its new EVantage™ Electric Compressor and Valve Product Lines for heavy-duty electric vehicles (EVs). These components are designed to optimize thermal management for battery cooling, power electronics, and cabin air conditioning in harsh, high-vibration environments. The product line includes:
1. EVantage High Voltage (HV) Electric Compressor: A lightweight, robust design for consistent performance and electrical integrity.
2. EVantage 3-Way Coolant Valve: A compact solution for efficient coolant flow to vital EV components.
Both products are IP67-rated, adaptable to 12V and 24V systems, and have undergone rigorous testing to ensure durability and reliability in extreme conditions. These components aim to keep commercial EVs operational through long days and challenging environments, potentially reducing downtime and maintenance costs.
Modine (NYSE: MOD) reported strong Q1 fiscal 2025 results, with net sales up 6% to $661.5 million and organic sales growth of 4%. The company saw significant improvements in profitability, with operating income increasing 12% to $74.4 million and adjusted EBITDA rising 25% to $100.9 million. Earnings per share grew 4% to $0.88, while adjusted EPS jumped 22% to $1.04.
Modine's success was driven by strong growth in data centers and continued margin improvement. The company has revised its fiscal 2025 outlook upward, now projecting net sales growth of 6-11% and adjusted EBITDA of $375-395 million, representing a 19-26% increase over the prior year.
Modine (NYSE: MOD), a global leader in thermal management technology, has announced its upcoming first quarter fiscal 2025 earnings conference call. The call is scheduled for July 31, 2024, at 10:00 a.m. Central Time. Financial results for the period ended June 30, 2024, will be released after market close on July 30, 2024.
CEO Neil D. Brinker and CFO Michael B. Lucareli will review the company's Q1 financial performance during the call. Investors can access the live webcast and presentation slides through Modine's investor relations website. An audio replay will be available until August 7, 2024, and a transcript will be posted by August 2, 2024.
Modine (NYSE: MOD) has expanded its EVantage™ portfolio with the Cabin Climate System (CCS), a thermal management solution tailored for commercial, off-highway, and specialty electric vehicles (EVs). The CCS offers 12kW of cooling and 10kW of heating capacity, ensuring optimal passenger comfort. Its lightweight, modular design facilitates easy integration into EV chassis, reducing design complexity. The system includes a high-voltage electric compressor, coolant heater, and pump, along with Modine's proprietary heat exchangers. This expansion emphasizes Modine's commitment to innovation and streamlining HVAC integration in EVs, ensuring long-term value for customers.
Modine (NYSE: MOD), a leader in thermal management technology, announced an Investor Day at its Racine, Wisconsin headquarters on September 11, 2024. The event will feature Modine's President and CEO, Neil D. Brinker, and CFO, Michael B. Lucareli, along with other executives. They will present the company's multi-year strategy, growth opportunities, and financial targets.
Attendance is by invitation only due to space constraints, and prior registration is required. A live webcast will be available on Modine's investor relations website, with an archived version accessible afterward for those unable to attend live.
Modine (NYSE: MOD) has announced a collaboration with RYDE Racine to enhance the zero-emission bus fleet in Wisconsin. The initiative involves equipping Racine's nine all-electric buses with Modine's EVantage™ Thermal Management Systems, with plans to add up to four more. This technology aims to improve the range, longevity, and reliability of the buses, which serve nearly 700 stops. The project is funded by the FTA's Low or No Emission Vehicle Program, enabling Racine to expand its fleet to 13 buses. This partnership aligns with Racine's goal to reduce its carbon footprint and supports Modine's strategy to grow in the EV market.
Modine (NYSE: MOD) reported its fiscal 2024 results, with notable achievements including a 5% increase in net sales to $2.4 billion and a 48% rise in adjusted EBITDA to $314.3 million. The company saw a 60% increase in operating income to $240.7 million, while adjusted earnings per share grew by 67% to $3.25. Despite a 2% decline in Q4 net sales, Modine's adjusted EBITDA rose by 20% and gross profit increased by 21%. Looking forward, the company forecasts 5-10% net sales growth and 16-22% adjusted EBITDA growth for fiscal 2025.
Modine, a global leader in thermal management technology and solutions, will host a conference call to discuss its fourth quarter and fiscal year 2024 financial results on May 22, 2024. The call will feature Modine's President and CEO, Neil D. Brinker, and CFO, Michael B. Lucareli. The company aims to provide systems that improve air quality and conserve natural resources through its Climate Solutions and Performance Technologies segments. Modine has operations across the globe and is headquartered in Racine, Wisconsin.
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