Modine Manufacturing Company (MOD)

NYSE: MOD · IEX Real-Time Price · USD
92.36
-1.05 (-1.12%)
At close: Apr 12, 2024, 4:00 PM
91.00
-1.36 (-1.47%)
After-hours: Apr 12, 2024, 7:54 PM EDT
-1.12%
Market Cap 4.82B
Revenue (ttm) 2.42B
Net Income (ttm) 225.60M
Shares Out 52.21M
EPS (ttm) 4.25
PE Ratio 21.73
Forward PE 26.00
Dividend n/a
Ex-Dividend Date n/a
Volume 519,819
Open 92.09
Previous Close 93.41
Day's Range 91.00 - 94.40
52-Week Range 19.41 - 106.01
Beta 2.29
Analysts Strong Buy
Price Target 81.20 (-12.08%)
Earnings Date May 22, 2024

About MOD

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup ... [Read more]

Industry Auto Parts
Founded 1916
Employees 11,300
Stock Exchange NYSE
Ticker Symbol MOD
Full Company Profile

Financial Performance

In 2022, MOD's revenue was $2.30 billion, an increase of 12.09% compared to the previous year's $2.05 billion. Earnings were $153.10 million, an increase of 79.69%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for MOD stock is "Strong Buy." The 12-month stock price forecast is $81.2, which is a decrease of -12.08% from the latest price.

Price Target
$81.2
(-12.08% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

5 days 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.

26 days 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...

6 weeks 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. ,...

6 weeks 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...

2 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)...

2 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...

2 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.

2 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...

3 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...

3 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...

3 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.

3 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...

3 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.

4 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.

4 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...

5 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...

6 months ago - PRNewsWire

Modine Donation Brings Enhanced Ventilation and Temperature Control to Parry McCluer High School Fieldhouse

Airedale ClassMate® units enable facility managers to better manage spaces with challenging heat and humidity environments RACINE, Wis. , Oct. 18, 2023 /PRNewswire/ -- Modine (NYSE: MOD), a technology...

6 months ago - PRNewsWire

Modine Introduces The Amp Dawg™ Electric Residential Unit Heater

The unit heater delivers efficient, powerful performance in a compact design for homeowners seeking an electric heating option RACINE, Wis. , Oct. 16, 2023 /PRNewswire/ -- Modine  (NYSE: MOD), a leade...

6 months ago - PRNewsWire

Modine Expands Manufacturing and Engineering Presence in Europe for EVantage Product Line

The facility in Pontevico, Itay, will start production of the Modine EVantage™ line of EV thermal management systems in 2024 RACINE, Wis. , Oct. 10, 2023 /PRNewswire/ -- To support the growing global ...

6 months ago - PRNewsWire

MODINE DONATES MORE THAN 600 BACKPACKS TO SCHOOL STUDENTS

Leading HVAC solutions provider lends a helping hand by providing supplies to schools in Virginia, Michigan, Rhode Island and Wisconsin RACINE, Wis. , Sept. 13, 2023 /PRNewswire/ -- Modine (NYSE: MOD)...

7 months ago - PRNewsWire

Modine Announces Sale of Three Automotive Businesses in Germany Principally Manufacturing Parts for Internal Combustion Engine Applications in Europe

Divestiture reflects corporate strategy to focus on higher-margin technologies with strong growth drivers. RACINE, Wis.

7 months ago - PRNewsWire

Modine Announces Sale of Coatings Aftermarket Application Facilities in California and Florida

Divestiture reflects strategy to grow coatings business through strategic licensing agreements . RACINE, Wis.

8 months ago - PRNewsWire

4 Stocks That Doubled Over the Last Year and Are Still Cheaper Than the S&P 500

Home-building and manufacturing stocks may not be the most exciting, but the financials of a select few suggest a sturdy foundation.

Other symbols: BLDRDFHMHO
8 months ago - Barrons

Modine Expands Access To School HVAC Offerings With New Partnership With TMS Johnson

Leading HVAC solutions provider to empower facility managers with full-range of school-focused solutions RACINE, Wis. , Aug. 17, 2023 /PRNewswire/ -- Modine (NYSE: MOD), a technology leader in the HVA...

8 months ago - PRNewsWire