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 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) 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.
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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