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.
News and updates for Modine Manufacturing Co (NYSE: MOD) focus on its activities as a global thermal management company with Climate Solutions and Performance Technologies segments. Recent press releases highlight Modine’s emphasis on data center cooling, HVAC technologies, and engineered heat transfer systems for vehicular and industrial markets, alongside corporate and financial developments.
Investors following MOD news will find regular announcements about data center cooling solutions under the Airedale by Modine brand, including air-cooled chillers with free cooling, TurboChill DCS chillers for direct liquid cooling, and edge data center cooling systems such as EdgeDX and EdgeAire. Modine also reports on facility expansions, such as new and expanded manufacturing sites in Franklin, Wisconsin, and Chennai, India, aimed at increasing capacity for Airedale by Modine data center equipment and supporting demand across North America and the Asia-Pacific region.
Financial news for Modine typically includes quarterly results, segment performance for Climate Solutions and Performance Technologies, and updates to fiscal outlooks. These items are often accompanied by details on data center product demand, acquisitions within Climate Solutions, and restructuring or product group changes within Performance Technologies. Corporate governance and capital markets updates, such as board appointments, director retirements, shareholder meeting outcomes, and amendments to the company’s credit agreement, are also reported through news releases and related SEC filings.
This page aggregates such coverage so readers can review Modine’s latest product launches, manufacturing investments, earnings announcements, and governance changes in one place. For those tracking the MOD stock story, the news feed offers context on how Modine’s data center cooling strategy, global operations, and segment performance evolve over time.
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Modine Manufacturing Company (NYSE: MOD) has launched the EVantage Fuel Cell Stack Cooling Package (FC-SCP), designed specifically for commercial fuel cell applications amidst rising demand for zero-emission vehicles (ZEVs). This new cooling package enhances thermal management by maintaining optimal temperatures while reducing energy consumption. Key features include:
- Flux-free heat exchanger technology meeting stringent coolant conductivity requirements.
- A predictive cooling process that minimizes temperature fluctuations, boosting vehicle range and durability.
- A waste heat recovery system to optimize power draw.
As part of Modine's EVantage product line, the FC-SCP underscores the company's commitment to supporting ZEV performance and durability in a rapidly evolving market.
Modine Manufacturing Company (NYSE: MOD) has expanded its partnership with REV Group (NYSE: REVG) to provide advanced thermal management systems for the Vector, North America’s first all-electric fire truck. The EVantage suite includes a Battery Thermal Management System, Electronics Cooling Package, and cabin heating/cooling circuits. This collaboration aims to minimize environmental impacts in the firefighting industry by enhancing the use of alternative energy solutions. The Vector features 327 kWh of automotive-grade batteries, ensuring efficient operation and sustainability in emergency services.
Modine Manufacturing Company (NYSE: MOD) has launched its new ventilation solution, Sentinel® High Humidity, aimed at enhancing air quality in K-12 schools, particularly in humid regions like the Gulf Coast. This product features a dual coil/fan system to provide effective temperature and humidity control, capable of dehumidifying up to 500 cubic feet of outside air per minute. The innovation aligns with Modine's mission of creating healthier environments for students. With additional heating features for colder climates, this solution addresses specific needs for schools in high humidity areas, promoting improved learning conditions.
Modine Manufacturing Company (NYSE: MOD) reported strong financial results for the third quarter ended December 31, 2022, with net sales reaching $560.0 million, up 12% year-over-year. Adjusted EBITDA increased by 36% to $53.3 million, driven by improved sales volume and favorable pricing, despite operating income dropping to $39.5 million from $79.4 million due to last year's impairment reversal. Earnings per share were $0.46, a decrease from $1.41 the prior year, though adjusted EPS rose to $0.48. Modine maintains its fiscal 2023 outlook, projecting 6% to 12% growth in net sales and adjusted EBITDA between $190 and $200 million.