Modine Manufacturing Company (MOD)

NYSE: MOD · IEX Real-Time Price · USD
105.37
+2.69 (2.62%)
Jul 2, 2024, 4:00 PM EDT - Market closed
2.62%
Market Cap 5.51B
Revenue (ttm) 2.41B
Net Income (ttm) 161.50M
Shares Out 52.32M
EPS (ttm) 3.03
PE Ratio 34.78
Forward PE 28.11
Dividend n/a
Ex-Dividend Date n/a
Volume 1,050,489
Open 102.98
Previous Close 102.68
Day's Range 102.50 - 106.78
52-Week Range 32.17 - 109.53
Beta 2.27
Analysts Strong Buy
Price Target 107.00 (+1.55%)
Earnings Date Jul 31, 2024

About MOD

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; mod... [Read more]

Industry Auto Parts
Founded 1916
Employees 11,400
Stock Exchange NYSE
Ticker Symbol MOD
Full Company Profile

Financial Performance

In 2023, MOD's revenue was $2.41 billion, an increase of 4.78% compared to the previous year's $2.30 billion. Earnings were $161.50 million, an increase of 5.49%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for MOD stock is "Strong Buy." The 12-month stock price forecast is $107.0, which is an increase of 1.55% from the latest price.

Price Target
$107.0
(1.55% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Modine® Expands EVantage™ Portfolio with Advanced Cabin Climate System

Plug-and-play integration and high-performance components simplify adding HVAC for passenger comfort to commercial EVs RACINE, Wis. , July 2, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified glo...

17 hours ago - PRNewsWire

Modine to Host Investor Day on September 11, 2024

Modine's executive leadership team will update the company's multi-year strategy, growth opportunities and financial targets RACINE, Wis. , June 5, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversifi...

27 days ago - PRNewsWire

Modine and RYDE Racine Collaborate to Fortify Zero-Emission Bus Fleet in Wisconsin

Racine transit system zero-emission buses equipped with Modine EVantage™ Thermal Management Systems to increase longevity and range. RACINE, Wis.

4 weeks ago - PRNewsWire

Modine Manufacturing Stock Drops After Weak Quarterly Sales, Mixed Guidance

Shares in Modine Manufacturing (MOD) dropped 9% in premarket trading Wednesday morning after the thermal-management solutions provider posted weaker-than-expected quarterly sales and issued mixed guid...

5 weeks ago - Investopedia

Modine Reports Fourth Quarter Fiscal 2024 Results

Continued growth in targeted markets and outstanding gross margin improvement provided a strong finish to fiscal 2024 Fiscal 2025 outlook indicates revenue growth driven by Climate Solutions and stron...

6 weeks ago - PRNewsWire

Modine to Host Fourth Quarter Fiscal 2024 Earnings Conference Call on May 22, 2024

RACINE, Wis. , May 8, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webca...

7 weeks ago - PRNewsWire

Modine to Open Additional UK Facility to Meet Data Center Market Demand

The new site in Bradford, West Yorkshire, will produce precision cooling equipment under the Airedale by Modine™ brand and comes on the heels of expansion in Calgary, Canada, and Allen, Texas. RACINE,...

2 months ago - PRNewsWire

Modine Opens New Facility in Europe to Serve Heat Pump Market

Additional facility in Serbia will manufacture coils for commercial and residential heat pump applications. RACINE, Wis.

2 months ago - PRNewsWire

Modine and LeanDNA Project Named Finalist for a 2024 Manufacturing Leadership Award

LeanDNA was named a Partner in Collaborative Innovation at the 2023 Manufacturing Leadership Awards. AUSTIN, Texas , April 9, 2024 /PRNewswire/ -- The National Association of Manufacturers Manufacturi...

3 months ago - PRNewsWire

Modine Gains UL Safety Certification for Indoor Air Quality Solutions

Achieving UL60335 certification positions technology and indoor air quality leader to help partners comply with new refrigerant safety standard. RACINE, Wis.

3 months ago - PRNewsWire

Modine Launches New MEW Electric Unit Heaters for Washdown and Corrosive Environments

The new corrosion-resistant solution provides heating for agriculture, food, and petrochemical industries RACINE, Wis. , Feb. 28, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leader in innovative heatin...

4 months ago - PRNewsWire

Modine Acquires Scott Springfield Manufacturing, Gaining Air Handling Unit Offering for Strategic Data Center and Indoor Air Quality Markets

Acquisition adds hyperscale and colocation solution to Modine's data center technology portfolio and brings highly complementary products and channels to the indoor air quality business RACINE, Wis. ,...

4 months ago - PRNewsWire

MODINE WILL SHOWCASE NEW RESIDENTIAL AND LIGHT COMMERCIAL HEATING SOLUTIONS AT INTERNATIONAL BUILDERS SHOW

Leading HVAC manufacturer to feature newly released Amp Dawg™ Electric Heater and infrared products RACINE, Wis. , Feb. 15, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leader in innovative heating solu...

4 months ago - PRNewsWire

Modine Expands Commercial and Residential Electric Infrared Heater Portfolio

The new MEQ and MES series quietly provide powerful heat in indoor and outdoor spaces such as patios, restaurants, workshops and studios RACINE, Wis. , Feb. 12, 2024 /PRNewswire/ -- Modine (NYSE: MOD)...

5 months ago - PRNewsWire

Modine Reports Third Quarter Fiscal 2024 Results, Raises Full-Year Earnings Guidance

Growth in target markets and 80/20 improvements resulted in strong third quarter results, leading to third consecutive upward revision to full-year earnings outlook RACINE, Wis. , Jan. 30, 2024 /PRNew...

5 months ago - PRNewsWire

Frost & Sullivan recognizes Modine with the 2023 North American New Product Innovation Award for the Electric Vehicle Thermal Management Systems Industry

Modine® applauded for improving commercial and specialty electric vehicle performance with the EVantage™ thermal management system product line. RACINE, Wis.

5 months ago - PRNewsWire

Modine to Showcase Innovative Electric Heating Solutions at AHR Expo

Leading HVAC manufacturer spotlights new Amp Dawg™ unit heater at this year's premier HVACR event RACINE, Wis. , Jan. 18, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leader in innovative heating soluti...

5 months ago - PRNewsWire

Modine to Host Third Quarter Fiscal 2024 Earnings Conference Call on January 31, 2024

RACINE, Wis. , Jan. 17, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and web...

5 months ago - PRNewsWire

Modine Applauded by Frost & Sullivan for Improving Commercial and Specialty Electric Vehicle Performance with the EVantage™ Product Line

EVantage ™  Thermal Management Systems improve electric vehicle range, performance, and battery life by providing  full control over critical EV battery and power electronics temperature s  in various...

5 months ago - PRNewsWire

Bosch Rexroth and Modine Partner On Thermal Management For Electrified Off-Highway Machinery

Collaboration and innovation drive the transition to electric vehicles in industrial vehicles as two transportation industry leaders advance the state of the art together. RACINE, Wis.

6 months ago - PRNewsWire

Modine Invests in Liquid Immersion Cooling Technology to Support High-Density Data Center Applications

The investment adds single- and two-phase immersion cooling technologies to Modine's portfolio, further cementing the company's position as a complete cooling solutions provider as data center heat lo...

6 months ago - PRNewsWire

Modine Introduces VidaShield™ UV24 Active Air Disinfection System to K-12 School Markets

Innovative 24/7 air disinfection system combines germicidal irradiation with air circulation fans to help improve IAQ in schools. RACINE, Wis.

7 months ago - PRNewsWire

Modine Hires Erin J. Roth as Vice President, General Counsel & Corporate Secretary

RACINE, Wis. , Nov. 27, 2023 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, is pleased to welcome Erin J.

7 months ago - PRNewsWire

Modine Reports Second Quarter Fiscal 2024 Results, Raises Full-Year Earnings Guidance

Data center growth and benefits from 80/20 initiatives drove strong second quarter results, leading to second consecutive upward revision to full-year earnings outlook RACINE, Wis. , Nov. 1, 2023 /PRN...

8 months ago - PRNewsWire

Modine to Host Second Quarter Fiscal 2024 Earnings Conference Call on November 2, 2023

RACINE, Wis. , Oct. 19, 2023 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and web...

9 months ago - PRNewsWire