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.
Modine Manufacturing Company (MOD) delivers essential thermal management solutions for automotive, data center, and sustainable mobility markets. This news hub provides investors and industry professionals with authoritative updates on Modine's strategic developments, technological breakthroughs, and market leadership.
Access real-time press releases covering earnings reports, product innovations, and partnership announcements. Our curated collection includes updates on EV battery cooling systems, data center efficiency solutions, and Modine's global expansion initiatives. Each release is verified for accuracy and relevance to support informed decision-making.
Key coverage areas include:
• Thermal system innovations for electric vehicles
• Data center cooling advancements
• Strategic industry partnerships
• Financial performance updates
Bookmark this page for direct access to Modine's official communications and expert analysis of their market-moving developments in heat transfer technology.
Modine (NYSE: MOD) reported its fiscal 2024 results, with notable achievements including a 5% increase in net sales to $2.4 billion and a 48% rise in adjusted EBITDA to $314.3 million. The company saw a 60% increase in operating income to $240.7 million, while adjusted earnings per share grew by 67% to $3.25. Despite a 2% decline in Q4 net sales, Modine's adjusted EBITDA rose by 20% and gross profit increased by 21%. Looking forward, the company forecasts 5-10% net sales growth and 16-22% adjusted EBITDA growth for fiscal 2025.
Modine, a global leader in thermal management technology and solutions, will host a conference call to discuss its fourth quarter and fiscal year 2024 financial results on May 22, 2024. The call will feature Modine's President and CEO, Neil D. Brinker, and CFO, Michael B. Lucareli. The company aims to provide systems that improve air quality and conserve natural resources through its Climate Solutions and Performance Technologies segments. Modine has operations across the globe and is headquartered in Racine, Wisconsin.
Modine, a leader in thermal management technologies, announced the purchase of a manufacturing site in Bradford, UK, to expand production of precision cooling equipment for data centers. The new facility will increase overall production capability by 150% and include a state-of-the-art test center. This move aims to meet the growing demand for data center cooling equipment globally.
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