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.
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.
Modine Manufacturing Company (NYSE: MOD) has launched a new Battery Thermal Management System (BTMS), the L-CON BTMS, designed for off-highway electric vehicles and specialty commercial vehicles. The system offers plug-and-play integration, advanced thermal regulation, and adaptability to various chassis layouts, ensuring optimal battery temperature in challenging environments. Modine emphasizes its commitment to supporting the electrification of transportation by providing solutions that enhance battery performance and reliability. The L-CON BTMS meets the rigorous demands of heavy-duty applications, showcasing Modine's expertise in thermal management.
Modine Manufacturing Company (NYSE: MOD) is set to debut at the International Builders Show from Jan. 31 to Feb. 2, 2023, showcasing innovative HVAC heating solutions. The company will feature products such as the Hot Dawg® garage heater, Lodronic™ high-efficiency hydronic heater, and a high-intensity infrared patio heater. Modine aims to enhance residential living spaces with low-profile, efficient designs and will promote its Authorized Contractor Program to connect homeowners with trusted service providers. The initiative emphasizes Modine's commitment to efficiency and customer support.
Modine Manufacturing Company (NYSE: MOD) announced a conference call scheduled for February 2, 2023, at 10:00 a.m. Central Time to discuss its financial results for the third quarter ended December 31, 2022. The financial results will be released after markets close on February 1, 2023. The call will feature Modine's President and CEO Neil D. Brinker and CFO Michael B. Lucareli. Investors can access the live webcast on Modine's website and find a replay of the slides and audio post-event. Modine is committed to enhancing air quality and conserving resources through its Climate Solutions and Performance Technologies segments.
Modine Manufacturing Company (NYSE: MOD) announced the launch of its new EFINSM Pro Shield™ program at the AHR Expo taking place from Feb. 6-8, 2023 in Atlanta, Ga.. This extended warranty program offers three levels of coating protection for HVAC equipment, catering to various customer needs.
The options include 10, 7, and 5-year warranty protections with varying layers of corrosion-resistant coatings. Each option aims to enhance product durability while allowing customers to prominently brand their equipment.
Modine Manufacturing Company (NYSE: MOD) announced its management team's scheduled presentation at the CJS Securities 23rd Annual New Ideas for the New Year Conference on January 11, 2023, at 11:40 a.m. ET. The event will be accessible via a live webcast on the company's Investor Relations website, with a replay available post-event. Modine, headquartered in Racine, Wisconsin, specializes in thermal management solutions and aims to enhance air quality while conserving resources, employing over 11,000 individuals globally.
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Modine Manufacturing Company (NYSE: MOD) announced its EVantage Battery Thermal Management System (BTMS) has been selected by New Flyer for their Xcelsior CHARGE NG electric transit bus. This collaboration aims to enhance zero-emission technologies, with over 300 units already in use. The BTMS integrates with New Flyer's high-energy Lithium Nickel Manganese Cobalt (NMC) batteries, ensuring optimal performance and reliability in extreme conditions. Both companies aim to support the transition from internal combustion to electric vehicles, leveraging Modine's expertise in thermal management.
Modine Coatings, a division of Modine Manufacturing Company (NYSE: MOD), announces a partnership with Air Solutions Partners to enhance the availability of its GulfCoat® Contractor Series and Insitu® Spray Applied Coating Services in Texas and Oklahoma. This collaboration aims to provide HVAC/R contractors with superior coating solutions to protect their investments, as corrosion poses a significant risk to equipment longevity. The initiative underscores Modine's commitment to delivering quality products and maximizing service value for contractors in these regions.