Modine Manf Stock Price, News & Analysis

Luxfer Holdings PLC (NYSE: LXFR) has appointed Sylvia A. Stein to its Board of Directors, effective August 1, 2022. Stein, currently Vice President and General Counsel at Modine Manufacturing Company (NYSE: MOD), brings over 20 years of experience in business strategy, sustainability, and risk management. She will serve on both the Nominating and Governance Committee and the Audit Committee, helping to enhance Luxfer's strategic direction and shareholder value.

Modine Manufacturing Company (NYSE: MOD) hosted an Investor and Analyst Day on June 22, 2022, outlining its strategies for revenue growth and margin improvement. The company aims for an average annual revenue growth of 6-8% over the next two years, increasing to 8-10% in the following three. Adjusted EBITDA margin targets are set at 10-12% in two years, reaching 13-15% in five. The leadership team emphasized a focus on acquisitions and capital reallocation to under-resourced areas. Modine's transformation aims to enhance efficiency and capitalize on global megatrends.

Modine Manufacturing Company (NYSE: MOD) announced its upcoming Investor and Analyst Day set for June 22, 2022, at 8:30 AM ET in New York City. The event will provide insights into Modine's multi-year strategy, financial outlook, and business opportunities, featuring presentations from its executive leadership. The webcast will be accessible on the Company's website for live viewing and replay.

Modine reported $2.1 billion in fiscal 2022 revenues, specializing in thermal management systems globally from its headquarters in Racine, Wisconsin.

Modine Manufacturing Company (NYSE: MOD) reported strong financial results for the fourth quarter and fiscal year ended March 31, 2022. Net sales rose 12% to $574.4 million, with operating income turning positive at $20.6 million. Full-year net sales reached $2.1 billion, a 13% increase. Earnings per share improved significantly to $1.62 from a prior loss of $4.11. While challenges remain, including inflation and supply chain issues, Modine anticipates growth in fiscal 2023 with projected sales increases of 6-12% and adjusted EBITDA of $180-$195 million.

Modine Manufacturing Company (NYSE: MOD) has launched its EVantage line of thermal management systems aimed at enhancing commercial electric vehicle (EV) performance, safety, and battery longevity. The systems, including the EVantage Battery Thermal Management System (BTMS) and the EVantage Electronics Cooling Package (ECP), provide customizable solutions that regulate temperatures in various environments. With over 100 years of expertise, Modine's products are designed for zero-emission vehicles, supporting their clients' engineering needs while maximizing efficiency and minimizing power draw.

Modine Manufacturing Company (NYSE: MOD) announced the appointment of David J. Wilson to its Board of Directors, effective May 9, 2022. Wilson, currently CEO of Columbus McKinnon Corporation (Nasdaq: CMCO), brings substantial leadership experience from his previous roles at Flowserve Corporation and SPX Corporation. His expertise will aid Modine's strategic objectives aimed at enhancing operational excellence and driving profitable growth. Wilson will also participate in the Audit and Corporate Governance and Nominating Committees.

Modine Manufacturing Company (NYSE: MOD) will host a conference call on May 26, 2022, at 8:00 a.m. Central Time to discuss its fourth quarter financial results for the period ending March 31, 2022. The financial results will be released post-market on May 25, 2022. President and CEO Neil D. Brinker and CFO Michael B. (Mick) Lucareli will present during the call, accessible via their investor website. Modine reported revenues of $1.8 billion for fiscal 2021, specializing in thermal management solutions across various global markets.

Modine Manufacturing Company (NYSE: MOD) reported Q3 financial results for the period ended December 31, 2021, with net sales of $502.2 million, a 4% increase year-over-year. Operating income rose to $79.4 million compared to an operating loss of $108.7 million last year, primarily due to prior year impairment charges. Earnings per share improved to $1.41. However, adjusted EBITDA decreased by 16% to $39.3 million. The outlook for fiscal 2022 remains positive with expected sales growth of 10-16% and adjusted EBITDA of $145 million to $160 million.

Modine Coatings, part of Modine Manufacturing Company (NYSE: MOD), has appointed Ripley PR as its agency of record to enhance strategic communications and drive brand growth. This partnership builds on a successful relationship since 2016, where Ripley PR has significantly impacted Modine's HVAC division through effective media placement and content marketing. The collaboration aims to reinforce Modine’s position as a reliable provider of HVAC protection solutions. Modine delivers innovative products designed to improve HVAC performance while minimizing environmental impact.