Modine Manufacturing Company Stock News

Critical Cooling Specialists introduces global CDU to serve increasing demand for liquid cooling in data centers. RACINE, Wis.

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.

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.

Modine aims to triple data center cooling revenue to $1.1 billion in three years. The strategic 80/20 shift, focusing on high-growth, high-margin businesses, has improved financials, with significant growth in MOD's Climate Solutions segment. Acquisitions like Scott Springfield Manufacturing enhance the Company's capabilities and competitive advantage in the high-growth data center cooling market.

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.

MOD remains a Buy after the recent meltdown/ recovery, thanks to the timely investments and strategic capacity expansions during the data center capex boom. Combined with the accretive M&A activities and healthier balance sheet, we believe that the company remains well positioned to report robust profitable growth ahead. MOD's strong earnings results and raised guidance also strengthen its Buy ...

Strong growth in data centers and continued margin improvement provided a strong start to fiscal 2025, leading to an upward revision to full-year earnings outlook RACINE, Wisc., July 30, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended June 30, 2024.

Since November 2022, Modine Manufacturing stock has risen by an impressive 462%, which is phenomenal compared to any broad market index. Modine's management sees significant opportunities in data centers, strategically acquiring TMGcore and Scott Springfield and enhancing cooling technology and capacity. I think the rally has gone too far. Despite the clear fundamental growth drivers, the curre...