Modine Manufacturing Company (MOD)
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]
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 StatementsAnalyst 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.
News
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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...
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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...
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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.
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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...
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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...
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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...
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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,...
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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.
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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...
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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.
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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...
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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. ,...
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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...
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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)...
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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...
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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.
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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...
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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...
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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...
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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.
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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...
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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.
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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.
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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...
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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...