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.
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.
Modine Coatings, a division of Modine Manufacturing Company (NYSE: MOD), has partnered with Wright Sales to enhance the availability of its GulfCoat® Contractor Series and Insitu® Spray Applied Coating Services across California, Arizona, Nevada, New Mexico, Texas, and Hawaii. The collaboration aims to empower HVAC/R contractors with superior coatings to extend the lifespan of equipment in corrosive environments. This strategic move reinforces Modine's commitment to providing innovative solutions tailored to customer needs.
Modine Coatings has announced a partnership with Target Sales to enhance the reach of its GulfCoat® Contractor Series product line and Insitu® Spray Applied Coating Services across Florida and the Caribbean. This agreement aims to provide HVACR contractors with superior corrosion-resistant coating solutions in regions exposed to high levels of corrosive agents. According to Sales Director Daniel Fisher, this initiative prioritizes customer needs and extends product availability, ensuring efficient solutions for HVAC units and refrigeration equipment.
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Modine Manufacturing Company (NYSE: MOD) reported strong Q2 fiscal 2023 results, with net sales reaching $578.8 million, a 21% increase year-over-year. Operating income soared to $36.8 million, up $26.3 million, while adjusted EBITDA rose 73% to $51.1 million. Earnings per share climbed to $0.46, compared to $0.01 in the prior year. The company has raised its fiscal 2023 adjusted EBITDA outlook to $190 to $200 million, citing effective strategic initiatives and improved commercial excellence, despite ongoing inflationary pressures.
Modine Manufacturing Company (NYSE: MOD) is urging contractors and facility managers to prepare for the winter season by ensuring sufficient heating solutions and conducting routine maintenance. The company reports nearly double the inventory compared to last year, producing about 600 units daily. Modine emphasizes proactive preparedness for contractors and facility managers to meet customer demands and maintain operational efficiency. Essential maintenance tips are provided for facility readiness, with a focus on HVAC systems. The firm aims to support clients with effective heating solutions throughout the winter.