RACINE, Wis., Jan. 22, 2025 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its third quarter financial results for the period ended December 31, 2024, on Wednesday, February 5, 2025, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, February 4, 2025.
The new facility in Chennai will manufacture Airedale by Modine™ advanced cooling technologies and also cooling modules for stationary power generation equipment
RACINE, Wis., Jan. 7, 2025 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced plans to open a new facility in Chennai, India, in mid-2025 to meet increased demand for mission-critical cooling solutions used at data centers. The facility will manufacture data center cooling equipment under the Airedale by Modine™ brand, and also cooling modules for stationary power generation equipment. This expansion follows the recent opening of new manufacturing facilities in Calgary, Canada, and Bradford, UK in response to data center industry demand.
Leading heating solution manufacturer highlights advances in standalone heating solutions with their growing catalog of gas- and electric-powered products
RACINE, Wis., Dec. 2, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leading HVAC manufacturer, announces they will showcase their newest heating solutions, including the recently updated line of Hot Dawg® Unit Heaters, at the 2024 Heating Air-conditioning Refrigeration Distributors International (HARDI) Conference in Atlanta on Dec. 7-10.
Hot Dawg® Series provides diversified heating options, refreshed features as cooler temperatures arrive
RACINE, Wis., Nov. 15, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leader in innovative heating solutions in the HVAC industry, announces today the company is revitalizing the Dawg® Series as part of its continued dedication to providing contractors with heating solutions for every building.
Strong quarterly results driven by strategic acquisitions and organic data center growth
RACINE, Wis., Oct. 29, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2024.
Second Quarter Highlights:
Net sales of $658.0 million increased 6 percent from the prior yearOperating income of $75.3 million increased 15 percent from the prior yearAdjusted EBITDA of $99.8 million increased $18.6 million, or 23 percent, from the prior yearEarnings per share of $0.86 decreased $0.01 from the prior yearAdjusted earnings per share of $0.97 increased $0.08, or 9 percent, from the prior yearThe facility manufactures air handling units for the hyperscale market
RACINE, Wis., Oct. 28, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced the opening of a new 23,200m² (~250,000ft²) facility in Calgary, Canada. The facility will manufacture Airedale by Modine™ precision cooling equipment to meet the increased demand from data center customers, particularly in the hyperscale market.
Art Laszlo appointed Group Vice President to lead Modine's global Data Centers business
RACINE, Wis., Oct. 24, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced the official opening of its 14.6 acre Bradford, UK, site acquired earlier this year. This site will be dedicated to meeting demand for Airedale by Modine™ precision cooling products for data centers, with production launching two months ahead of schedule.
Modine EVantage™ Thermal Management Systems, optimize battery and power electronics thermal performance, increasing system efficiency of hybrid bus
RACINE, Wis., Oct. 22, 2024 /PRNewswire/ -- As the transportation industry powers towards zero-emissions solutions, Modine (NYSE: MOD), a diversified global leader in thermal management technology, today announced it is the thermal management supplier for GILLIG, a leading manufacturer of heavy-duty transit buses in the United States, for their hybrid vehicles, powered by the Allison eGen Flex® system. Through this collaboration, Modine provides its advanced EVantage Battery Thermal Management Systems (BTMS) and inverter cooling module for the GILLIG Hybrid bus. Purpose-built to optimize thermal performance and system efficiency, these Modine systems will help ensure longevity and consistent performance under various operating conditions.
RACINE, Wis., Oct. 16, 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 webcast to discuss its second quarter financial results for the period ended September 30, 2024, on Wednesday, October 30, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, October 29, 2024.
The latest additions are innovative and elegant gas-fired units designed to enhance comfort on home patios and decks, restaurant patios, driving ranges and other outdoor entertainment venues, and more
RACINE, Wis., Oct. 16, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leader in innovative heating solutions in the HVAC industry, announces the addition of two innovative, low-intensity tube heaters, the MRS and MRL, to its successful and growing catalogue of infrared units.
RACINE, Wis., Oct. 14, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, is pleased to announce that Dan Hedstrom has joined Modine as Chief Information Officer (CIO) effective today. He takes over from Steve Langer, current Vice President Information Technology, who has announced his plans to retire at the end of this year.
RACINE, Wis., Oct. 1, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that Mark Bendza will join the company's Board of Directors effective immediately. Mr. Bendza currently serves as Chief Financial Officer at Telos Corporation, a leading provider of cyber, cloud, and enterprise security solutions for the world's most security-conscious organizations. Prior to joining Telos Corporation as CFO in 2021, he served as the head of investor relations for Honeywell International. Prior to that, he held executive roles in finance and international business at Northrop Grumman Corporation and investment banking roles with global investment banks in the United States and overseas.
Critical Cooling Specialists introduces global CDU to serve increasing demand for liquid cooling in data centers.
RACINE, Wis., Sept. 17, 2024 /PRNewswire/ -- Airedale by Modine™, a brand of diversified industrial Modine (NYSE: MOD), today announced the launch of a coolant distribution unit (CDU) to meet increasing demand for high-performance, high-efficiency cooling solutions in the global data center industry. The CDU is a critical technology enabler for liquid and hybrid liquid and air cooling systems that manage next-generation IT applications.
Increased fiscal 2027 targets to deliver a 16-18% adjusted EBITDA margin and a 10-13% three-year compound average growth rate (CAGR) in revenue
RACINE, Wis., Sept. 11, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today hosted an Investor Day at its global headquarters in Racine, Wisconsin. Members of the executive management team provided an update to the company's strategy to transform the company and drive sustainable shareholder value. Guided by the company's ongoing commitment to 80/20, management outlined its strategy to evolve its portfolio to compound shareholder value by focusing on high-growth, high-margin businesses for sustainable growth and returns.
RACINE, Wis., Sept. 9, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that it has committed to the United Nations (UN) Global Compact, the world's largest voluntary corporate sustainability initiative.
"Joining the UN Global Compact affirms our long-term focus on sustainability growth in alignment with universal principles endorsed and shared by leading organizations across the globe," said Modine President and Chief Executive Officer, Neil D. Brinker. "Along with our purpose, mission and values, the UN Global Compact and Sustainable Development Goals provide us with a trusted framework and an urgent call to action as we continue the valuable work of advancing on our sustainability journey."
Modine's executive leadership team will update the company's multi-year strategy and provide new financial targets
RACINE, Wis., Sept. 4, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, will host an Investor Day at its global headquarters in Racine, Wisconsin, on Wednesday, September 11, 2024.
The event will feature presentations from members of Modine's executive management team including:
Designed for battery cooling and A/C, the EVantage™ Components deliver the reliability and durability demanded by heavy-duty, high-use Commercial EVs.
RACINE, Wis., Aug. 13, 2024 /PRNewswire/ -- Heavy-duty electric vehicles require components that endure harsh conditions with high vibrations and use. With this in mind, Modine (NYSE: MOD, "Modine" or the "Company"), a diversified global leader in thermal management technology and solutions, today announced the availability of the EVantage Electric Compressor and Valve Product Lines. As the latest addition to the EVantage product family, these ready-to-integrate solutions are designed to work seamlessly in heavy-duty electric vehicles (EVs), optimizing thermal management for battery and power electronics cooling, as well as A/C for the passenger cabin. The two EVantage components introduced today include:
RACINE, Wis., July 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 webcast to discuss its first quarter financial results for the period ended June 30, 2024, on Wednesday, July 31, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, July 30, 2024.
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 global leader in thermal management technology, today announced the expansion of its EVantage™ portfolio with the launch of the Cabin Climate System (CCS), a comprehensive thermal management solution specifically designed for commercial, off-highway, and specialty electric vehicles (EVs). Engineered for optimal passenger comfort, the CCS delivers precise temperature control for EV cabins, offering immediate heating and cooling capabilities.
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 diversified global leader in thermal management technology and solutions, announced today that it will host an Investor Day at its global headquarters in Racine, Wisconsin on September 11, 2024.
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