Modine Manf Stock Price, News & Analysis

Modine (NYSE: MOD), a global thermal management technology leader, updated its multi-year strategy at an Investor Day event. The company increased its fiscal 2027 targets, aiming for a 16-18% adjusted EBITDA margin and a 10-13% three-year compound average growth rate (CAGR) in revenue. Modine's strategy focuses on evolving its portfolio towards high-growth, high-margin businesses for sustainable growth and returns.

The company plans to leverage its thermal management expertise and mission-critical products to drive growth powered by strong secular mega-trends. Modine is re-segmenting its business to improve product and market focus, aligning with its 80/20 principles. Key areas of focus include high-performance computing, electrification, and clean indoor air quality.

Modine (NYSE: MOD), a global leader in thermal management technology, has joined the United Nations Global Compact, the world's largest voluntary corporate sustainability initiative. This commitment aligns with Modine's focus on sustainable growth and its purpose of Engineering a Cleaner, Healthier World™.

The company has prioritized seven UN Sustainable Development Goals (SDGs) that address key opportunities for the organization, stakeholders, and planet. These include Good Health and Well-Being, Clean Water and Sanitation, Affordable and Clean Energy, Decent Work and Economic Growth, Responsible Consumption and Production, Climate Action, and Peace, Justice and Strong Institutions.

Modine will develop commitments and targets in these areas and report yearly on their actions in support of these goals. The company's mission focuses on advancing global sustainability priorities through its portfolio of engineered thermal solutions.

Modine (NYSE: MOD), a global leader in thermal management technology, will host an Investor Day on September 11, 2024, at its global headquarters in Racine, Wisconsin. The event will feature presentations from key executive leaders, including CEO Neil Brinker and CFO Mick Lucareli.

The company plans to update its multi-year strategy and provide new financial targets during the event. Presentations will begin at 10:30 am ET and will be available via a live webcast on Modine's Investor Relations website. A replay of the webcast will be accessible shortly after the event concludes.

This Investor Day presents an opportunity for stakeholders to gain insights into Modine's future plans and financial outlook, potentially impacting investor sentiment and stock performance.

Modine (NYSE: MOD) has launched its new EVantage™ Electric Compressor and Valve Product Lines for heavy-duty electric vehicles (EVs). These components are designed to optimize thermal management for battery cooling, power electronics, and cabin air conditioning in harsh, high-vibration environments. The product line includes:

1. EVantage High Voltage (HV) Electric Compressor: A lightweight, robust design for consistent performance and electrical integrity.

2. EVantage 3-Way Coolant Valve: A compact solution for efficient coolant flow to vital EV components.

Both products are IP67-rated, adaptable to 12V and 24V systems, and have undergone rigorous testing to ensure durability and reliability in extreme conditions. These components aim to keep commercial EVs operational through long days and challenging environments, potentially reducing downtime and maintenance costs.

Modine (NYSE: MOD) reported strong Q1 fiscal 2025 results, with net sales up 6% to $661.5 million and organic sales growth of 4%. The company saw significant improvements in profitability, with operating income increasing 12% to $74.4 million and adjusted EBITDA rising 25% to $100.9 million. Earnings per share grew 4% to $0.88, while adjusted EPS jumped 22% to $1.04.

Modine's success was driven by strong growth in data centers and continued margin improvement. The company has revised its fiscal 2025 outlook upward, now projecting net sales growth of 6-11% and adjusted EBITDA of $375-395 million, representing a 19-26% increase over the prior year.

Modine (NYSE: MOD), a global leader in thermal management technology, has announced its upcoming first quarter fiscal 2025 earnings conference call. The call is scheduled for July 31, 2024, at 10:00 a.m. Central Time. Financial results for the period ended June 30, 2024, will be released after market close on July 30, 2024.

CEO Neil D. Brinker and CFO Michael B. Lucareli will review the company's Q1 financial performance during the call. Investors can access the live webcast and presentation slides through Modine's investor relations website. An audio replay will be available until August 7, 2024, and a transcript will be posted by August 2, 2024.

Modine (NYSE: MOD) has expanded its EVantage™ portfolio with the Cabin Climate System (CCS), a thermal management solution tailored for commercial, off-highway, and specialty electric vehicles (EVs). The CCS offers 12kW of cooling and 10kW of heating capacity, ensuring optimal passenger comfort. Its lightweight, modular design facilitates easy integration into EV chassis, reducing design complexity. The system includes a high-voltage electric compressor, coolant heater, and pump, along with Modine's proprietary heat exchangers. This expansion emphasizes Modine's commitment to innovation and streamlining HVAC integration in EVs, ensuring long-term value for customers.

Modine (NYSE: MOD), a leader in thermal management technology, announced an Investor Day at its Racine, Wisconsin headquarters on September 11, 2024. The event will feature Modine's President and CEO, Neil D. Brinker, and CFO, Michael B. Lucareli, along with other executives. They will present the company's multi-year strategy, growth opportunities, and financial targets.

Attendance is by invitation only due to space constraints, and prior registration is required. A live webcast will be available on Modine's investor relations website, with an archived version accessible afterward for those unable to attend live.

Modine (NYSE: MOD) has announced a collaboration with RYDE Racine to enhance the zero-emission bus fleet in Wisconsin. The initiative involves equipping Racine's nine all-electric buses with Modine's EVantage™ Thermal Management Systems, with plans to add up to four more. This technology aims to improve the range, longevity, and reliability of the buses, which serve nearly 700 stops. The project is funded by the FTA's Low or No Emission Vehicle Program, enabling Racine to expand its fleet to 13 buses. This partnership aligns with Racine's goal to reduce its carbon footprint and supports Modine's strategy to grow in the EV market.