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 (NYSE:MOD), a thermal management technology leader, has announced a $100 million investment to expand its U.S. manufacturing capacity for data center cooling products. The expansion includes new facilities in Dallas, TX, and expansions in Grenada, MS, with potential repurposing of sites in Franklin, WI, and Jefferson City, MO.
The company projects its total data centers revenue to approach $2 billion by Fiscal 2028. The investment, planned over 12-18 months, will enhance engineering capabilities, create new jobs, and support employee retraining. The expansion aims to meet growing demand from hyperscale and colocation data center customers, particularly driven by AI and high-density computing needs.
Modine (NYSE: MOD), a global thermal management technology leader, has released its 2025 Sustainability Report outlining ambitious 2030 environmental targets. The company's primary goal is to achieve a 30% reduction in absolute Scope 1 and 2 emissions from operations compared to 2018 baseline.
The report highlights significant achievements including exceptional safety performance records, reductions in facility emissions, energy intensity, waste, and water usage. For the first time, Modine has included select Scope 3 emissions data, demonstrating its commitment to comprehensive climate action and sustainability strategies.
Modine (NYSE: MOD), a global thermal management technology leader, has appointed Alan Lowe to its Board of Directors effective July 18, 2025. Lowe brings extensive executive experience, having served as President and CEO of Lumentum Holdings from 2015 to 2025, where he led the company's operations in optical and photonic products for AI, cloud computing, and telecommunications markets.
Lowe's background includes leadership roles at Viavi Solutions, Asyst Technologies, and Read-Rite Corporation. He currently serves on the Board of Directors of Qorvo, Inc. since November 2024. He holds a Bachelor's degree in Computer Science and Business Economics from UC Santa Barbara and will serve on Modine's Audit and Corporate Governance committees.
Modine (NYSE: MOD), a global thermal management technology leader, will release its first quarter fiscal 2026 financial results on July 30, 2025, after market close. The company will host an earnings conference call on July 31, 2025, at 10:00 a.m. Central Time.
CEO Neil D. Brinker and CFO Michael B. Lucareli will review the quarterly results during the call. Investors can access the live webcast through Modine's investor relations website, with presentation slides available. An audio replay will be accessible until August 7, 2025, and a transcript will be posted by August 4, 2025.
Modine (NYSE: MOD) has announced the acquisition of Climate by Design International (CDI), a Minnesota-based manufacturer specializing in desiccant dehumidification technology and critical process air handlers. This strategic acquisition enhances Modine's commercial indoor air quality (IAQ) solutions portfolio and follows their previous acquisitions of Napps Technology in 2023 and Scott Springfield in 2024.
CDI's specialized technologies provide critical humidity control capabilities for low-temperature environments, particularly in sectors such as pharmaceutical manufacturing, healthcare, food processing, cold storage, battery manufacturing, and ice arenas. The acquisition grants Modine additional U.S. manufacturing capacity for air-handling systems and access to new end markets.
The transaction is expected to be accretive to earnings before synergies and will drive incremental growth through Modine's 80/20 operating model. CDI will be integrated into Modine's comprehensive Commercial IAQ portfolio, with Oppenheimer & Co. Inc. serving as the exclusive financial advisor for the transaction.
Modine (NYSE:MOD), a global thermal management technology leader, has launched the DSU destratification fan, designed for enhanced air circulation in industrial and commercial spaces. The new fan features an industry-leading axial airflow of 6,500 CFM while maintaining a quiet operation at just 71 dBA.
The DSU's key features include an efficient EC motor with continuous speed control, zoning functionality allowing one controller to manage up to 10 units, and flexible installation options. Built with 18-gauge steel for durability, the fan comes in two compact size options and offers both chain suspension and rod mount installations.
The product aims to improve heat distribution in winter and ventilation in summer, specifically targeting warehouses, factories, and large indoor facilities while providing energy savings.
Modine (NYSE: MOD) has announced a significant expansion of its data center chiller production capacity with a $38 million investment through 2028 at its Grenada, Mississippi facility. The investment will create over 450 new jobs and includes building upgrades, expansion of Airedale by Modine™ chiller product lines, and enhancement of testing facilities.
The expansion strengthens Modine's global manufacturing footprint for data center cooling solutions, complementing existing facilities in Canada, Spain, UK, and a new facility in India. Production at the upgraded Grenada facility is scheduled to begin in summer 2025, with enhanced testing capabilities supporting the company's data center product development alongside its Rockbridge, VA facility.