MODINE MANUFACTURING CO (MOD) SEC Filings, Jul-Aug 2026

MODINE MANUFACTURING CO (MOD) reported that director Suresh V. Garimella received an award of 812 restricted stock units of common stock on 2026-08-20, classified as a grant/award acquisition. Each unit will convert into one share of MOD common stock on the one-year anniversary of the grant. Following this award, Garimella directly holds 80,668 shares of MOD common stock. The filing affirms that the reported transaction is under a Rule 10b5-1 trading plan.

MODINE MANUFACTURING CO (symbol: MOD) is the issuer of record for a Form 4 filing submitted to the SEC.

MODINE MANUFACTURING CO (MOD) reported that director Eric D. Ashleman received an award related to 812 shares of common stock on 2026-08-20. According to the award terms, these are restricted stock units that have been deferred; each unit represents one share to be delivered later based on his deferral election. Following this compensation-related acquisition, Ashleman’s directly held position reported in this filing is 43,162 shares of MOD common stock.

Modine Manufacturing Company (MOD) reports the results of shareholder votes from the August 20, 2026 annual meeting. Shareholders elected Eric D. Ashleman, Alan S. Lowe, and Marsha C. Williams as directors to serve until the 2029 Annual Meeting of Shareholders and until their successors are elected and qualified.

Shareholders approved, on an advisory basis, the company’s named executive officer compensation and ratified the appointment of KPMG as Modine’s independent registered public accounting firm.

MODINE MANUFACTURING CO (symbol: MOD) is the issuer of record for a Form 3 filing submitted to the SEC.

Modine Manufacturing Company describes progress on the planned spin-off of its Performance Technologies business into Platinum SpinCo Inc. and subsequent merger with Gentherm via a Reverse Morris Trust. Gentherm has filed a Form S-4, SpinCo has filed a Form 10, and Modine has sought an IRS determination letter on the transaction’s tax treatment. Closing is targeted before year-end, subject to regulatory and shareholder approvals and other conditions.

Performance Technologies faces soft demand: heavy-duty equipment sales rose 1% (about $1 million), while on-highway sales fell 5% (about $9 million). Segment adjusted EBITDA margin was 13%, down 10 basis points, partly offset by $2 million of SG&A savings. Corporate SG&A includes $7.1 million of spin-related costs, yet total SG&A fell 60 basis points to 11.8% of sales.

For fiscal 2027, Modine projects total sales growth of 20%–35%, with Data Center sales up 60%–80%, Commercial HVAC up 5%–10%, and Performance Technologies flat to up 5%. Adjusted EBITDA is expected between $650 million and $680 million, implying over 40% growth and 100–200 basis points of margin improvement. Free cash flow is projected at 4%–6% of sales.

Modine Manufacturing Company reported first-quarter fiscal 2027 net sales of $874.1 million, up 28% from a year earlier, driven mainly by higher Data Centers revenue. Gross profit rose to $182.0 million, but gross margin declined to 20.8% from 24.2% as higher material costs and capacity-related inefficiencies pressured profitability.

Operating income was $74.8 million versus $75.7 million a year ago, as higher SG&A and restructuring costs offset volume gains. Net earnings attributable to Modine increased to $73.9 million and diluted EPS to $1.37, aided by $26.5 million of tax benefits from stock-based compensation. Cash from operations improved to $41.4 million, while capital expenditures increased to $46.4 million, largely to expand data center capacity.

The company is preparing a Reverse Morris Trust transaction to spin off its Performance Technologies segment and combine it with Gentherm. Modine shareholders are expected to own approximately 40% of the combined company, and Modine is to receive $210.0 million of cash to repay debt, subject to closing conditions.

Modine Manufacturing reported first‑quarter fiscal 2027 results with net sales up 28% to $874.1 million, driven by strong growth in its targeted businesses. Data Centers revenue rose 90% to $348.6 million and Commercial HVAC grew 22% to $261.6 million, while Performance Technologies declined slightly. Gross profit increased to $182.0 million, but gross margin fell 340 basis points to 20.8% as all segments experienced lower margins, including temporary supply‑chain constraints in Data Centers.

Selling, general and administrative expenses increased 22% to $103.3 million, reflecting growth investments, acquisition-related costs and spending for the planned spin‑off of the Performance Technologies segment. Operating income was $74.8 million, essentially flat year over year, while net earnings rose to $74.3 million and diluted EPS to $1.37; adjusted EPS reached $1.53. Adjusted EBITDA increased to $106.5 million. Operating cash flow improved to $41.4 million, though free cash flow was a $5.0 million use due to higher capex, mainly to expand Data Centers capacity. Net debt increased to $432.9 million. Management cited three consecutive quarters of record order intake and a backlog nearly double year‑ago levels, and reaffirmed fiscal 2027 guidance for 20%–35% net sales growth and $650–$680 million adjusted EBITDA, while confirming that the Performance Technologies Reverse Morris Trust transaction with Gentherm remains on track to close in the fourth calendar quarter of 2026.

BlackRock, Inc. reports beneficial ownership of common stock of Modine Manufacturing Co. BlackRock and its reporting business units hold 2,569,308 shares, representing 4.9% of the outstanding common stock. It has sole voting power over 2,476,576 shares and sole dispositive power over 2,569,308 shares, with no shared voting or dispositive power. Various underlying clients have economic interests in these shares, but no single client exceeds five percent of Modine’s outstanding common stock.