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.
On November 2, 2021, Modine Manufacturing Company (NYSE: MOD) announced the appointment of Jonas Caino as General Manager of its Data Centers division. Caino, who joined Modine's UK subsidiary in 2019, will lead global expansion efforts in data center cooling solutions, particularly in the US and Western Europe. This growth strategy includes expanding manufacturing capabilities for chillers in the UK and full production capabilities in the US within 12 to 18 months. In fiscal 2021, Modine reported revenues of $1.8 billion.
Modine Manufacturing Company (NYSE: MOD) announced the mutual termination of its Securities and Asset Purchase Agreement with Dana Incorporated regarding its liquid-cooled automotive business. The decision follows a prolonged regulatory review in Germany, deemed unfruitful for both parties. CEO Neil D. Brinker emphasized the company's readiness to restructure its automotive segment, focusing on cost reduction and improving operating margins. Modine aims to drive long-term shareholder value through strategic shifts, strengthening its competitive position across various markets.
Dana Incorporated (NYSE: DAN) has mutually agreed with Modine Manufacturing Company (NYSE: MOD) to terminate their acquisition of a portion of Modine's automotive thermal-management business. The deal, valued at one dollar, involved the assumption of specific financial liabilities. Both companies had been engaged in a lengthy regulatory review in Germany but decided it was no longer in their best interests to proceed. This decision marks a significant shift in Dana's strategic plans in the thermal management sector.
Modine Manufacturing Company (NYSE: MOD) announced a conference call to discuss its second quarter financial results for the period ended September 30, 2021. The call will take place on November 3, 2021, at 8:00 a.m. Central Time, with results released after market close on November 2, 2021. CEO Neil D. Brinker and CFO Michael B. Lucareli will present the financial results. For more information, visit Modine's investor section. The company reported fiscal 2021 revenues of $1.8 billion, operating globally across various thermal management sectors.
Modine Manufacturing Company (NYSE: MOD) has appointed Matt Powell as General Manager of Heavy Duty Equipment (HDE), effective immediately. This strategic move follows the company's decision to separate its traditional powertrain cooling business from its electric vehicle (EV) segment. The realignment aims to enhance focus on growth areas and develop technologies for the EV market. Powell, formerly CEO of Amcor, brings extensive experience in organizational change. Fiscal 2021 revenues were reported at $1.8 billion, with plans to shift resources towards more profitable EV ventures.
Modine Manufacturing Company (NYSE: MOD), a leader in thermal management, has appointed Jake Feldman as General Manager for its Indoor Air Quality (IAQ) division. Feldman, who has extensive experience from Advanced Energy and Danaher Corporation, will report to Eric McGinnis, Vice President of Building HVAC. Modine emphasizes the importance of clean indoor air, especially in schools, and offers various HVAC solutions in this growing market. The company reported revenues of $1.8 billion for fiscal 2021 and operates globally across North America, South America, Europe, and Asia.
On September 28, 2021, Modine Manufacturing Company (NYSE: MOD) announced the appointment of Jonathan Schlemmer as General Manager of Heating. Schlemmer, with extensive experience from Regal Beloit and General Electric, will lead Modine's Heating division. This role emphasizes growth in the heating market, leveraging Modine’s significant install base and strong brand for both replacement and new installations. With 2021 revenues of $1.8 billion, Modine aims to enhance its presence in the hydronics market and pursue inorganic growth.
Modine Manufacturing Company (NYSE: MOD) announced the appointment of Gina Bonini as General Manager of its newly established Electric Vehicle business unit. This unit aims to develop thermal management systems for electric vehicles, focusing on optimal powertrain temperature regulation. Modine is currently in discussions with over 30 customers, in production on three programs, and has secured five additional programs set to launch in the next year. CEO Neil D. Brinker emphasized the importance of this growth market, aiming to enhance battery range and longevity through innovative technology.
Modine Manufacturing Company (NYSE: MOD) announced the establishment of a dedicated business unit focusing on thermal management systems for electric vehicles (EVs). This strategic move aims to support customers in the transition to alternative powertrains. CEO Neil D. Brinker emphasized the company's commitment to the EV market, highlighting ongoing developments with over 30 customers and multiple program wins. Modine's existing technologies are crucial for maintaining optimal battery temperatures, thereby enhancing battery range and longevity. Fiscal 2021 revenues reached $1.8 billion.
Modine Manufacturing Company (NYSE: MOD) has appointed Michael S. Postma as General Manager of its Coils business unit, reporting to Adrian I. Peace. Postma, formerly President of LA Darling and other Marmon Holdings subsidiaries, brings extensive P&L leadership experience to this complex segment. Modine aims to enhance commercial execution and operational efficiency within its coils division, a critical component of its $1.8 billion revenue base. The company operates globally, manufacturing specialized thermal management solutions.
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