Modine Manf Stock Price, News & Analysis

Modine (NYSE: MOD) has received the prestigious Good Design award for its Amp Dawg® residential unit heater in the building materials category. The award, presented by The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design, recognizes excellence in manufacturing and industrial design. The Amp Dawg heater, designed for basements, workshops, and garages, was selected from over 1,100 product designs across 55 countries.

The unit features commercial-grade components, including sheathed steel heating elements, and delivers heating output equivalent to an HD30-45 gas-fired unit. Key features include easy installation, quiet operation, and efficient performance in smaller spaces. The product demonstrates Modine's commitment to innovative thermal management solutions.

Modine (NYSE: MOD), a global thermal management technology leader, has scheduled its fourth quarter and fiscal year 2025 earnings conference call for May 21, 2025, at 10:00 a.m. Central Time. The financial results for the period ended March 31, 2025, will be released after market close on May 20, 2025.

CEO Neil D. Brinker and CFO Michael B. Lucareli will lead the call. The live webcast will be accessible through Modine's investor website, with presentation slides available. A replay will be provided until May 28, 2025, via both web and audio formats.

Modine, with over 100 years of history and 11,000+ employees worldwide, focuses on thermal management solutions through its Climate Solutions and Performance Technologies segments, serving mission-critical applications globally.

Modine (NYSE: MOD), a global thermal management technology leader, announced its participation in the Oppenheimer 20th Annual Industrial Growth Conference on May 8, 2025. CEO Neil D. Brinker and CFO Michael B. Lucareli will engage in a virtual fireside chat at 12:45 p.m. Eastern time.

The event will be accessible via live webcast in the Investor Relations section of Modine's website, with recordings available for 365 days afterward. With over 100 years of experience and 11,000 employees worldwide, Modine specializes in heating, cooling, and ventilation solutions through its Climate Solutions and Performance Technologies segments, focusing on improving air quality and reducing environmental impact.

Airedale by Modine has launched an AI-enhanced version of its Cooling System Optimizer™, introducing Cooling AI™ for high-density data centers. The patent-pending technology combines machine learning, neural networks, and digital twins to optimize cooling efficiency.

The system functions as a supervisory layer that continuously analyzes cooling demands and makes proactive adjustments, promising up to 40% reduction in energy consumption. Key benefits include:

• Improved power usage effectiveness (PUE)
• Enhanced operational stability
• Extended equipment lifecycle
• Reduced maintenance costs

The solution is available both as a new system and as a retrofit option for existing Airedale by Modine Cooling System Optimizer installations, targeting hyperscale, colocation, and enterprise data centers.

Modine (NYSE: MOD) has announced a definitive agreement to acquire AbsolutAire, a Michigan-based manufacturer of direct-fired heating, ventilation, and make-up air systems. The acquisition, expected to close on April 1, 2025, will enhance Modine's technology portfolio and expand its HVAC offerings.

AbsolutAire, with 2024 revenue of approximately $25 million, will be integrated into Modine's Heating & Schools IAQ product group within the Climate Solutions segment. The acquisition provides Modine access to a broader customer base in commercial, industrial, food service, and warehousing applications, positioning the company to capitalize on growth opportunities driven by stricter HVAC and air quality management requirements.

Modine (NYSE: MOD) has announced a significant $100 million share repurchase program authorized by its Board of Directors. The program allows the company to buy back shares through open market purchases or private transactions, demonstrating confidence in its long-term strategy and commitment to shareholder value.

The authorization provides flexibility without requiring a specific number of shares to be repurchased. Decisions will be based on various factors including capital needs, share price, trading volumes, and market conditions. CEO Neil D. Brinker emphasized that the program reflects confidence in business strength and commitment to financial targets while evolving their product portfolio.

Modine (NYSE: MOD) has announced expanded capacities for its Airedale coolant distribution units (CDUs), enhancing its thermal management solutions for data centers. The CDU range, initially launched as a 1MW unit, now offers capacities from 400kW to 2MW, with potential for larger capacity through engineered-to-order designs.

The expansion addresses growing demand for hybrid cooling solutions in the global data center industry, particularly for managing high-density IT heat loads in colocation, hyperscale, and edge-based facilities. The standardized range is manufactured in both the U.S. and Europe.

Airedale by Modine will showcase their CDU technology at Data Center World in London, March 12-13, 2025, at Stand DC155.

Modine (NYSE: MOD) has secured $180 million in orders for Airedale by Modine™ data center cooling systems from a new customer in AI infrastructure development. The high-capacity equipment will be manufactured at facilities in Rockbridge, Virginia, and Grenada, Mississippi, with delivery scheduled throughout 2025 and first half of 2026.

The cooling systems are designed to lower total ownership costs through superior Power Usage Effectiveness (PUE), featuring free-cooling technology and advanced control systems. These solutions will support the customer's objectives of building large-scale, optimized data centers for AI applications.

The company expects this to be a long-term partnership and projects organic growth exceeding 30% in their next fiscal year, supported by current order intake and development pipeline.

Modine (NYSE: MOD) announced a leadership change in its Performance Technologies segment, with President Adrian I. Peace departing effective September 30, 2025. CEO Neil D. Brinker will temporarily lead the segment while the company conducts a comprehensive search for Peace's successor.

The company affirmed that its strategy to reposition the Performance Technologies segment remains intact, focusing on achieving a higher growth and higher margin business mix through 80/20 discipline. The segment maintains its financial targets, aiming for 15% to 18% adjusted EBITDA margins over the next two years.