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 immediate resignation of CEO Thomas A. Burke, who has served for over 12 years. Mick Lucareli, the current CFO, has been appointed as Interim CEO. Burke will assist in the transition until August 28, 2020. Under Burke's leadership, Modine implemented a strategic transformation, including diversifying and acquiring Luvata HTS. The Board is now seeking a new leader to drive the company's future growth as it divests its legacy Automotive business.
Modine Manufacturing Company (NYSE: MOD) will host a conference call on August 5, 2020, to discuss its first quarter financial results for the period ending June 30, 2020. The financial results will be released after market close on August 4, 2020. During the call, President and CEO Thomas A. Burke and CFO Michael B. Lucareli will present the findings. Modine reported $2.0 billion in fiscal 2020 revenues, specializing in thermal management solutions across diverse global markets.