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.
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.