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.
Modine Manufacturing Co. provides thermal management technology and engineered heating, cooling and ventilation solutions for mission-critical applications. News about MOD commonly covers operating and financial results, investor conference participation, product development, and capacity additions across its Climate Solutions, Data Centers and Performance Technologies businesses.
Company updates often center on Airedale by Modine data center cooling systems, including TurboChill chiller platforms, free-cooling architectures, and liquid-cooling support for high-density computing environments. Other recurring topics include global manufacturing expansion, energy- and water-efficiency applications, emissions-reduction technologies, governance matters, and changes affecting the company’s segment portfolio.
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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.