Recent Insider Transactions • Jun 03
President of Climate Solutions recently sold €9.3m worth of stock On the 1st of June, Eric McGinnis sold around 38k shares on-market at roughly €245 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €18m more than they bought in the last 12 months. Buy Or Sell Opportunity • Jun 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to €254. The fair value is estimated to be €208, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 49% per annum over the same time period. Duyuru • May 27
Modine Manufacturing Company Provides Earnings Guidance for the Fiscal Year 2027 Modine Manufacturing Company provided earnings guidance for the fiscal year 2027. For the year, the company expects Net sales growth between 20% and 35%. Reported Earnings • May 27
Full year 2026 earnings released: EPS: US$2.26 (vs US$3.50 in FY 2025) Full year 2026 results: EPS: US$2.26 (down from US$3.50 in FY 2025). Revenue: US$3.18b (up 23% from FY 2025). Net income: US$121.5m (down 34% from FY 2025). Profit margin: 3.8% (down from 7.1% in FY 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 116% per year, which means it is well ahead of earnings. Duyuru • May 13
Modine Manufacturing Company to Report Q4, 2026 Results on May 26, 2026 Modine Manufacturing Company announced that they will report Q4, 2026 results After-Market on May 26, 2026 Duyuru • Apr 14
Modine Announces Promotion of Art Laszlo to President of Data Centers Segment, Effective April 1, 2026 Modine has announced the promotion of Art Laszlo to President, Data Centers, effective April 1. Mr. Laszlo will lead the newly created Data Centers segment, which was formerly part of the Climate Solutions segment. Eric McGinnis will continue to lead the remainder of the Climate Solutions segment until his previously announced planned retirement. The company will report these two segments with first quarter fiscal 2027 results. The Performance Technologies segment also will continue to be reported as a separate segment until its spin-off later this calendar year as part of the previously announced transaction with Gentherm. Mr. Laszlo is responsible for driving growth and profitability in Modine's highly strategic Data Centers business, further strengthening its position as a leading provider of innovative cooling solutions to the world's leading data center operators. Mr. Laszlo joined Modine in 2022 and has since held a series of progressively senior leadership roles. Before Modine, he served as President, Advanced Flow Solutions at IDEX, where he focused on the downstream oil and gas sector. Prior to IDEX, he held leadership positions at General Electric, Brunswick Corporation, Mars Incorporated and General Motors. Duyuru • Feb 05
Modine Manufacturing Company Increases Earnings Guidance for the Fiscal Year 2026 Modine Manufacturing Company increased earnings guidance for the Fiscal year 2026. For the period, the company now revised its net sales to be +20% to 25%. Duyuru • Jan 30
Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive agreement to acquire Performance Technologies business from Modine Manufacturing Company (NYSE:MOD) for approximately $760 million. Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive agreement to acquire Performance Technologies business from Modine Manufacturing Company (NYSE:MOD) for approximately $760 million on January 29, 2026. The transaction is valued at approximately $1 billion: Modine shareholders set to receive approximately 21 million shares of newly issued Gentherm common stock, representing an equity consideration of approximately $790 million and Modine is expected to receive a cash distribution of $210 million from SpinCo, subject to adjustment. As a part of transaction, Modine will spin-off and simultaneously combine its Performance Technologies business (“Modine Performance Technologies” or “SpinCo”) with Gentherm in a Reverse Morris Trust (RMT) transaction that is intended to be tax-free for Modine and Modine shareholders for U.S. federal income tax purposes. Modine shareholders are expected to own approximately 40% of the combined company, and Gentherm shareholders are expected to own approximately 60% of the combined company, subject to adjustment. The merger agreement requires Gentherm to pay Modine a termination fee of $45 million if the merger agreement is terminated under certain circumstances. Gentherm/SpinCo executed a 364-day bridge loan facility commitment letter under which a financial institution committed to provide debt financing (SpinCo Bridge Facility) to fund the SpinCo cash distribution and any special dividend and related transaction expenses.
Bill Presley, Gentherm CEO and Jon Douyard, Gentherm CFO, to lead management team of combined company and Jeremy Patten will continue as President of Modine Performance Technologies. Gentherm Board of Directors will be expanded with addition of two Board nominees designated by Modine in consultation with the Gentherm Board. The combined company will continue to operate under the Gentherm name and retain its listing on the NASDAQ stock exchange under the ticker symbol THRM and will remain headquartered in Novi, Michigan, and will retain a significant presence in Modine Performance Technologies’ current locations, including its Racine Technical Center.
The RMT transaction is expected to close in the fourth quarter of calendar year 2026 subject to receipt of Gentherm shareholder approval, the completion of SpinCo financing, a customary IRS tax ruling, and customary closing conditions, including required regulatory approvals and certain tax opinions. The transaction was unanimously approved by the Boards of both Gentherm and Modine. The merger is expected to be accretive to adjusted EPS by year two.
Barclays Capital Inc. acted as financial advisor, Bradley C. Faris and Jason Morelli of Latham & Watkins LLP and Michael S. Ben and Matt VanWasshnova of Honigman LLP acted as legal advisor for Gentherm Incorporated. BofA Securities, Inc. acted as financial advisor and Andrew Kaplan of Gibson, Dunn & Crutcher LLP acted as legal advisor for Modine Manufacturing Company. Duyuru • Jan 22
Airedale by Modine Unveils TurboChill 3+MW, Redefining Air-Cooled Efficiency for AI Data Centers Airedale by Modine announced the TurboChill 3+MW. This is the latest expansion to the TurboChill™?chiller platform that provides advanced free-cooling, air-cooled chiller heat rejection to meet the high-density chiller demands of next-generation, GPU-powered data centers. The TurboChill™? 3+MW delivers heat rejection capabilities and features an expanded operating range for free cooling, reducing the need for mechanical cooling and lowering energy consumption. As AI and high-performance compute workloads intensify and push rack densities higher, data center cooling strategies must adapt. TurboChill 3+MW is designed to operate over a wide range of water temperatures common in modern data centers, maximizing free-cooling opportunities in suitable geographies while maintaining precise temperature control for sensitive GPUs. Even as some AI data centers in favorable climates can operate with higher supply water temperatures, global deployments must account for: Real-World Conditions: Ambient heat waves, parasitic system loses, and local air recirculation can overwhelm systems that rely solely on high-temperature liquid cooling. Mechanical cooling provides the essential, non-negotiable capacity to handle peak loads and protect against thermal shutdown. Data Centers with Different Rack Densities: Data center sites may only convert part of their data center to high density racks capable of running with 45degC inlet fluid temperatures. This means other racks in the same data center need traditional facility water return temperatures to safely operate. Operational R risks: Air cooled chiller technology is a proven solution to minimize Data Center WUE and PUE across the globe. Chillers with free cooling provide the benefits of a stand alone dry cooler with the certainty that fluid return temperatures will meet specification regardless of rising global temperatures. Duyuru • Jan 21
Modine Manufacturing Company to Report Q3, 2026 Results on Feb 04, 2026 Modine Manufacturing Company announced that they will report Q3, 2026 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2026 Duyuru • Jan 13
Airedale by Modine™ Advanced PUE Solutions Strategically Positioned to Accommodate High- Temperature Thermal Architectures Airedale by Modine highlighted its extensive range of cooling technologies designed to meet the ongoing need to remove heat from the data center hall and water flowing through server racks in modern data centers. With more than two decades of concurrent free-cooling expertise, Airedale is strategically positioned to support the industry's shift toward higher temperature and higher heat density thermal architectures, driven by rapid advancements in next-generation chips. This positioning ensures data center operators can rely on Airedale solutions to help optimize their energy efficiency and minimize their Power Usage Effectiveness (PUE) as thermal densities continue to rise. With recent press announcements that server racks now have the ability to be cooled with 45C water, the operational window for free cooling and hybrid cooling expands, helping minimize PUE as data center thermal density increases. This development, combined with Airedale's intelligent control systems, allows for cooling to be staged, ensuring a smooth transition from mechanical cooling to free cooling. The Airedale Cooling System Optimizer™, for example, can configure between two and twenty chillers to control the cooling block in its most efficient form. On sites with traditional air-cooled chillers and chillers with free cooling, the Optimizer ensures that free cooling is optimized across all available units when the ambient temperature is low, while maintaining stable system water conditions. Duyuru • Nov 17
Modine Manufacturing Company Announces Retirement of Christopher W. Patterson as Member of the Board of Director and Human Capital and Compensation and Audit Committees, Effective November 17, 2025 On November 10, 2025, Christopher W. Patterson, a member of the Board of Directors of Modine Manufacturing Company (the “Company”) and a member of the Board of Director’s Human Capital and Compensation and Audit committees, notified the Company of his intention to retire from the Company's Board of Directors for personal reasons, effective November 17, 2025. Mr. Patterson did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices. Effective upon Mr. Patterson's resignation as a director, the size of the Company's Board of Directors will be reduced from eleven to ten directors. Duyuru • Oct 29
Modine Manufacturing Company Raises Financial Guidance for Fiscal Year 2026 Modine Manufacturing Company raised financial guidance for fiscal year 2026. For the period, the company expects net sales growth between 15% to 20%, up from prior outlook of 10% to 15%. Duyuru • Oct 15
Modine Manufacturing Company to Report Q2, 2026 Results on Oct 28, 2025 Modine Manufacturing Company announced that they will report Q2, 2026 results After-Market on Oct 28, 2025 Duyuru • Sep 30
Modine Appoints Jeremy Patten as President of the Performance Technologies Segment Modine announced that Jeremy Patten has joined the company as President of the Performance Technologies (PT) segment. In this role, Mr. Patten will be responsible for leading Modine's Heavy-Duty Equipment and On-Highway Applications product groups, which provide heat exchangers and cooling modules for the stationary power generation, agriculture, and construction equipment markets and commercial vehicles. Mr. Patten brings more than 20 years of experience to this role, most recently serving as President, Packaging and Food Technology Group at ATS Corp. Before joining ATS Corp., he held vice president roles at two IDEX companies, leading commercial and operational execution. Prior to that, he held operations roles of increasing responsibility at Danaher. Mr. Patten holds a bachelor's degree in environmental engineering from the U.S. Military Academy at West Point and served five years in the U.S. Army. He also has a master's degree in business administration. Duyuru • Sep 08
Airedale by Modine Unveils EdgeDX and EdgeAire Cooling Solutions for North American Edge Data Facilities Modine announced the launch of its updated range of Computer Room Air Conditioners (CRAC) and Air Handlers (CRAH) for North American edge data centers, under its Airedale by Modine brand. This new offering addresses the growing demand for compact, flexible, and environmentally responsible cooling solutions tailored to the unique challenges of edge and small data facilities. EdgeDX is a high-efficiency CRAC series offering 30kW to 95kW of cooling capacity in a compact footprint with flexible airflow configurations. Featuring low Global Warming Potential (GWP) refrigerants, it well exceeds U.S. Department of Energy efficiency standards. EdgeAire is a versatile CRAH series delivering 50kW to 300kW of cooling capacity. Engineered for whole-site optimization, EdgeAire combines space-saving design with advanced airflow and energy-saving control technologies. Both product lines are standardized for modular deployment, simplifying system selection and integration. Customers benefit from a robust North American distribution network offering comprehensive sales and service support. Airedale by Modine will showcase EdgeDX and EdgeAire at Booth 209 during Yotta'25, held in Las Vegas, NV, from September 8-11, 2025. Attendees will have the opportunity to explore these innovative solutions firsthand. Duyuru • Jul 31
Modine Manufacturing Company Raises Earnings Guidance for Fiscal Year 2026 Modine Manufacturing Company raised earnings guidance for Fiscal year 2026. For the period, the company expected net sales growth between 10% to 15%. Duyuru • Jul 21
Alan Lowe Joining Modine Board of Directors, Effective July 18, 2025 Modine Manufacturing Company announced that Alan Lowe joined the Company's Board of Directors effective July 18, 2025. Mr. Lowe served as President and Chief Executive Officer of Lumentum Holdings Inc., a leading global
manufacturer of optical and photonic products to end markets including artificial intelligence, cloud computing, telecommunications, and industrial from July 2015 to February 2025. Prior to Lumentum's spin-out from Viavi Solutions Inc. in 2015, Mr. Lowe served as Senior Vice President of Viavi's Commercial Lasers business beginning in 2007, and then as Viavi's Executive Vice President and President of its Communications and Commercial Optical Products business beginning in 2008. Prior to joining Viavi, Mr. Lowe was Senior Vice President, Customer Solutions Group, at Asyst Technologies Inc., a leader in automating semiconductor and flat panel display fabs. Prior to that, he served as the President and Chief Executive Officer of Read-Rite Corporation, a manufacturer of thin-film recording heads for disk and tape drives. Since November 2024, Mr. Lowe also has been a member of the Board of Directors of Qorvo Inc., a leading provider of radio frequency and power solutions for numerous product applications, including wireless, IoT, defense and automotive. Mr. Lowe holds a Bachelor of Arts in Computer Science and Business Economics from University of California, Santa Barbara. He will serve on the Audit and Corporate Governance committees and will stand for election at Modine's 2026 annual meeting of shareholders. Duyuru • Jul 16
Modine Manufacturing Company to Report Q1, 2026 Results on Jul 30, 2025 Modine Manufacturing Company announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Jul 30, 2025 Duyuru • Jul 10
Modine Manufacturing Company, Annual General Meeting, Aug 21, 2025 Modine Manufacturing Company, Annual General Meeting, Aug 21, 2025. Duyuru • Jul 02
Modine Manufacturing Company (NYSE:MOD) acquired Climate by Design International, Inc. for $65 million. Modine Manufacturing Company (NYSE:MOD) acquired Climate by Design International, Inc. for $65 million on July 1, 2025. Climate by Design International has 250 employees. The transaction is accretive to earnings per share.
Modine Manufacturing Company (NYSE:MOD) completed the acquisition of Climate by Design International, Inc. on July 1, 2025. Duyuru • Jun 30
Modine Launches DSU destratification Fan, Bringing Best-In-Class Airflow Solutions to Commercial and Industrial Spaces Modine announced the launch of the DSU destratification fan, a standard-setting solution for combatting air stratification in manufacturing centers and other industrial settings. The DSU is designed to evenly redistribute heat during the winter and to enhance ventilation during the summer, promoting healthier airflow for warehouses, factories and other large indoor facilities. Industrial-grade construction, including 18-gauge steel, ensures ruggedness and durability across even the harshest environments. The DSU's ability to move air comes from a high-efficiency EC motor--calibrated to ensure continuous speed control and enabling an axial airflow of 6,500 CFM. The fan's efficacy is matched by its unobtrusive operation; even at maximum power the DSU generates only 71 dBA, offering best-in-class sound quality. Additional features of the DSU include: Zoning functionality: A single controller enables the control of up to 10 total units, allowing facilities managers to tailor their fan's performance to the facility's layout. Flexible fit: Two compact size options provide variable configurations, allowing the DSU to fit into many different spaces without any loss of performance. Simple installation: Chain suspension and rod mount options are both available, making it straightforward to get this unit into operation. Duyuru • May 21
Modine Manufacturing Company Provides Earnings Guidance for Fiscal Year 2026 Modine Manufacturing Company provided earnings guidance for fiscal year 2026. The company expects net sales growth between +2% to 10%. Duyuru • May 07
Modine Manufacturing Company to Report Q4, 2025 Results on May 20, 2025 Modine Manufacturing Company announced that they will report Q4, 2025 results After-Market on May 20, 2025 Duyuru • Apr 24
Airedale by Modine Offers an AI-enhanced Version of its Cooling System Optimizer Airedale by Modine is now offering an AI-enhanced version of its Cooling System Optimizer, marking a tangible advancement in cooling and efficiency for high-density data centers. Cooling AI delivers real-time adaptability, predictive intelligence and significant energy savings in response to global data center industry demand for high-performance, high-efficiency controls systems. The patent-pending AI technology utilizes a hybrid deep learning model, leveraging machine learning, neural networks and digital twins to maximize efficiency and reduce energy consumption, and enhance operational stability for hyperscale, colocation, and enterprise data centers. The Cooling AI system continuously analyzes cooling demands, optimizes system operations and anticipates future conditions. It works as a supervisory layer to the Optimizer, allowing the building management system (BMS) to handle baseline monitoring functions, with its predictive AI model making proactive adjustments. This ensures the entire system learns from historical data and adheres to the physical laws governing HVAC behavior. Cooling AI can reduce energy consumption by up to 40%, improving power usage effectiveness (PUE) and driving sustainability gains. Chiller and fan performance is synchronized within the AI-driven data center cooling control system, improving cooling efficiency and reducing energy use. Furthermore, the reduction in mechanical stress as a result of reduced compressor cycling can extend the equipment life cycle, as well as lower maintenance costs. The new system joins Airedale by Modine's broader suite of innovative cooling technologies designed to meet the needs of the modern data center. From high-efficiency chillers, precision cooling units and modular fan walls to intelligent controls and airflow management systems, Airedale's solutions are designed to optimize efficiency, reduce energy consumption and enable scalable cooling across the entire data center ecosystem. Duyuru • Mar 12
Modine Manufacturing Company (NYSE:MOD) entered into a definitive agreement to acquire Absolutaire, Inc. Modine Manufacturing Company (NYSE:MOD) entered into a definitive agreement to acquire Absolutaire, Inc. on March 11, 2025. The acquisition, which will be integrated into Modine's Heating & Schools IAQ product group within the Climate Solutions segment. AbsolutAire reported revenue of approximately $25 million for the period end on 2024. Modine expects the transaction to close April 1, 2025, subject to customary closing conditions. Duyuru • Mar 07
Modine Manufacturing Company (NYSE:MOD) announces an Equity Buyback for $100 million worth of its shares. Modine Manufacturing Company (NYSE:MOD) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its common stock. The program will continue until the aggregate repurchase amount that has been approved by the Board has been expended. Duyuru • Feb 27
Modine Announces Executive Changes Modine announced that Adrian I. Peace, President, Performance Technologies, will no longer serve in this role and will terminate employment with the company effective September 30, 2025. Neil D. Brinker, Modine's President and Chief Executive Officer, will assume leadership of the segment on an interim basis. Duyuru • Jan 22
Modine Manufacturing Company to Report Q3, 2025 Results on Feb 04, 2025 Modine Manufacturing Company announced that they will report Q3, 2025 results After-Market on Feb 04, 2025 Duyuru • Nov 15
Modine Announces Refreshed Modine Hot Dawg® Unit Heaters Series Modine announced the company is revitalizing the Dawg® Series as part of its continued dedication to providing contractors with heating solutions for every building. Modine has enhanced its Hot Dawg® unit heaters based on feedback from trusted contractors. The Hot Dawg® Gas-Fired Unit Heater now includes a dimpled heat exchanger tube, which boosts efficiency and replaces internal baffles, resulting in reduced noise levels. Furthermore, the gas valve manometer connections have been moved to the front, rather than the side of the valve, simplifying the connection process. Additional upgrades for the gas-fired unit include: The flame roll-out sensor has been moved to the side of the burner box, making it accessible without having to remove the front panel. The control board has been rotated, so thermostat connections are no longer under the gas valve. A pipe stub has been added to the gas valve inlet extending through the cabinet, so all gas line connections are done outside the casing. In addition to enhancing service and performance aspects, the unit's aesthetics have been improved. The Hot Dawg® now boasts a stylish grey finish complemented by contrasting satin black blades and hardware. The Hot Dawg® H20 Low Profile Hot Water Unit Heater also underwent enhancements during its revitalization. Designed for homeowners and light commercial spaces that use a boiler system, the heater now includes a three-row coil, and half-inch copper water pipe stub-outs have been added to the unit. With a fresh appearance, the hydronic unit heater showcases a grey exterior case complemented by black louvers, aligning with the modern design of its electric and gas-fired counterparts. Marking its one-year anniversary in the market, the Amp Dawg™ remains a powerful electric alternative for those in search of a non-gas option. Crafted to deliver heating and air throw comparable to the Modine Hot Dawg® gas-fired unit heater, the 5.7kW model offers versatility for residential areas like basements, garages, or storage spaces. For larger workshops and garages, the 9.0kW unit features two stages of controlled heating. Its low-profile design ensures easy installation, making it an excellent choice for both new builds and retrofitting projects. Recent Insider Transactions • Nov 15
President of Climate Solutions recently sold €5.2m worth of stock On the 8th of November, Eric McGinnis sold around 44k shares on-market at roughly €119 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €121, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 1,128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €131 per share. Buy Or Sell Opportunity • Nov 01
Now 23% undervalued Over the last 90 days, the stock has risen 2.2% to €104. The fair value is estimated to be €134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Reported Earnings • Oct 30
Second quarter 2025 earnings released: EPS: US$0.85 (vs US$0.89 in 2Q 2024) Second quarter 2025 results: EPS: US$0.85 (down from US$0.89 in 2Q 2024). Revenue: US$658.0m (up 6.0% from 2Q 2024). Net income: US$46.1m (flat on 2Q 2024). Profit margin: 7.0% (down from 7.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 16
Modine Manufacturing Company to Report Q2, 2025 Results on Oct 29, 2024 Modine Manufacturing Company announced that they will report Q2, 2025 results on Oct 29, 2024 Buy Or Sell Opportunity • Oct 15
Now 22% undervalued Over the last 90 days, the stock has risen 22% to €122. The fair value is estimated to be €156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Duyuru • Oct 15
Dan Hedstrom Joins Modine as Chief Information Officer Modine Manufacturing Company announced that Dan Hedstrom has joined Modine as Chief Information Officer (CIO) effective October 14, 2024. He takes over from Steve Langer, current Vice President Information Technology, who has announced his plans to retire at the end of the year 2024. As CIO, Hedstrom will have responsibility for leading Modine's global IT function and executing Modine's digital strategy. He will focus on building business-aligned IT solutions that optimize performance, enhance productivity, and improve cyber security in alignment with overall corporate strategy. Hedstrom comes to Modine from Cubic Corporation where he worked for 12 years in roles of increasing responsibility. In 2018, he was named Vice President and Chief Information Officer. Prior to that, he held senior roles leading enterprise infrastructure teams and has experience scaling IT systems to support growth. He has a bachelor’s degree in computer engineering from California Polytechnic State University. The company thanked Steve Langer for his seven years of service at Modine. Duyuru • Oct 01
Modine Manufacturing Company Appoints Mark Bendza as Board of Director Modine announced that Mark Bendza will join the company's Board of Directors effective October 1, 2024. 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. Mr. Bendza holds an MBA in Finance and Economics from Columbia Business School, a Bachelor of Arts in Government from Wesleyan University, and is an executive member of the Latino Corporate Directors Association. Mr. Bendza will serve on the Audit Committee and will stand for election at Modine's 2025 annual meeting of shareholders. Buy Or Sell Opportunity • Sep 27
Now 20% undervalued Over the last 90 days, the stock has risen 30% to €118. The fair value is estimated to be €149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €116, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 1,105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €152 per share. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €88.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 798% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €153 per share. Recent Insider Transactions • Aug 21
Independent Chairman & Lead Director recently sold €3.4m worth of stock On the 15th of August, Marsha Williams sold around 34k shares on-market at roughly €99.91 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marsha's only on-market trade for the last 12 months. Duyuru • Aug 13
Modine Announces New Line of EVantage™ Electric Compressors and Valves for Commercial Electric Vehicles Modine 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 now include: The EVantage High Voltage (HV) Electric Compressor is an adaptable and intelligent product that plays a crucial role in the refrigeration circuit of EVs conditioning the coolant flowing to the battery pack or the air for the cabin HVAC system. This lightweight yet robust design ensures consistent performance and electrical integrity even under harsh conditions. The EVantage 3-Way Coolant Valve is a compact and versatile solution that delivers a consistent coolant flow to vital components and systems of heavy-duty EVs. The compact and durable coolant valve is designed to integrate seamlessly. It features three 28mm ports to efficiently channel coolant to battery packs, power electronics, motors, and other vehicle sub-systems. The EVantage compressor is engineered to seamlessly adapt to 12V and 24V systems, offering a lightweight build with a proprietary design for mounting, which removes orientation restrictions. Resistant to dust, dirt, and water intrusion, the compressor endures heavy vibration and resists corrosion to maintain electrical integrity in even the harshest environments. The EVantage 3-Way Coolant Valve thrives in similarly challenging conditions with its compact, all-in-one design and is also suitable for 12V and 24V systems. This valve with voltage feedback offers consistent flow to essential components, making it versatile across various vehicle platforms, including off-highway machinery, trucks, bus sectors, and more. Both components are IP67-rated and validated by the most stringent test standards to ensure durability and adaptability for heavy-duty EVs. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €89.64, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 647% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €164 per share. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: US$0.88 (vs US$0.86 in 1Q 2024) First quarter 2025 results: EPS: US$0.88 (up from US$0.86 in 1Q 2024). Revenue: US$661.5m (up 6.3% from 1Q 2024). Net income: US$47.3m (up 5.6% from 1Q 2024). Profit margin: 7.2% (in line with 1Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 17
Modine Manufacturing Company to Report Q1, 2025 Results on Jul 30, 2024 Modine Manufacturing Company announced that they will report Q1, 2025 results After-Market on Jul 30, 2024 Buy Or Sell Opportunity • Jul 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €97.78. The fair value is estimated to be €80.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Duyuru • Jul 04
Modine Manufacturing Company, Annual General Meeting, Aug 15, 2024 Modine Manufacturing Company, Annual General Meeting, Aug 15, 2024. Duyuru • Jul 03
Modine Manufacturing Company(NYSE:MOD) dropped from Russell 3000E Value Index Modine Manufacturing Company(NYSE:MOD) dropped from Russell 3000E Value Index Buy Or Sell Opportunity • Jul 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €99.62. The fair value is estimated to be €82.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Duyuru • Jul 02
Modine Expands EVantage™? Portfolio with Advanced Cabin Climate System Modine 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. With 12kW of cooling capacity and 10kW of heating capacity, the EVantage CCS delivers optimal interior temperatures and performance in any operating environment. Its simple, lightweight, and modular design makes the CCS an ideal solution for a wide range of vehicle applications, including commercial, off- high-highway, and specialty EVs. Designed to seamlessly integrate into the vehicle's chassis to reduce design complexity, the system's high-performance capabilities are driven by smart electric components, such as an ingress-protected high-voltage electric compressor, a high-voltage coolant heater, and coolant pump, and Modine's proprietary heat exchangers. Designed to ensure easy serviceability for Modine customers, the components of the CCS are fully compatible and proven with the Modine EVantage Thermal Management Systems, facilitating both streamlined parts sourcing and the serviceability Modine customers have come to value. As a passenger thermal management system for commercial EVs, the high-voltage electric compressor, high-voltage coolant heater and coolant pump, and high-reliability ingress protection, as well as Modine-proprietary heat exchangers, represent a comprehensive technology stack. The CCS has an integrated master thermal controller and Modine-developed firmware to provide both heating and cooling with significantly reduced design complexity. Duyuru • May 23
Modine Manufacturing Company Provides Earnings Guidance for the Fiscal Year 2025 Modine Manufacturing Company provided earnings guidance for the fiscal year 2025. For the year, the company expects Net sales growth between 5% to 10%. Reported Earnings • May 22
Full year 2024 earnings released: EPS: US$3.02 (vs US$2.93 in FY 2023) Full year 2024 results: EPS: US$3.02 (up from US$2.93 in FY 2023). Revenue: US$2.41b (up 4.8% from FY 2023). Net income: US$161.5m (up 5.5% from FY 2023). Profit margin: 6.7% (in line with FY 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year whereas the company’s share price has increased by 89% per year. Duyuru • May 10
Modine Manufacturing Company to Report Q4, 2024 Results on May 21, 2024 Modine Manufacturing Company announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on May 21, 2024 Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €100, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 677% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €102 per share. Buy Or Sell Opportunity • Apr 17
Now 22% undervalued Over the last 90 days, the stock has risen 32% to €79.48. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 5.6% in the next 2 years. New Risk • Apr 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Significant insider selling over the past 3 months (€1.8m sold). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €90.50, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 630% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €98.48 per share. Recent Insider Transactions • Mar 20
Independent Director recently sold €657k worth of stock On the 18th of March, David Wilson sold around 8k shares on-market at roughly €82.07 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €4.0m more than they bought in the last 12 months. Recent Insider Transactions • Mar 11
Independent Director recently sold €1.2m worth of stock On the 7th of March, Christopher Patterson sold around 14k shares on-market at roughly €82.86 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Buy Or Sell Opportunity • Mar 09
Now 26% undervalued Over the last 90 days, the stock has risen 53% to €75.00. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 5.6% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €84.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 600% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €103 per share. Duyuru • Feb 27
Modine Manufacturing Company (NYSE:MOD) entered into a definitive agreement to acquire Scott Springfield Mfg. Inc. Modine Manufacturing Company (NYSE:MOD) entered into a definitive agreement to acquire Scott Springfield Mfg. Inc. on February 26, 2024. The total consideration for the transaction is based on an enterprise value of approximately CAD 257 million and is expected to close in the first quarter of 2024. The transaction will be financed through a combination of cash and debt, and consideration will be paid in Canadian dollars. Barclays served as an advisor to Modine for the transaction, and Angle Advisors served as an advisor to Scott Springfield Manufacturing. Buy Or Sell Opportunity • Feb 20
Now 24% undervalued Over the last 90 days, the stock has risen 49% to €70.00. The fair value is estimated to be €91.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.0% in 2 years. Earnings are forecast to decline by 2.0% in the next 2 years. Duyuru • Feb 16
Modine Will Showcase New Residential and Light Commercial Heating Solutions At International Builders Show Modine Manufacturing Company announced they are exhibiting and showcasing a variety of newly released heating options at the International Builders Show at booth SU1030. During the show, which takes place Feb. 27 - 29, 2024 in Las Vegas, Modine will feature their recently launched electric heating solutions including the Amp Dawg™ and the MEQ and MES infrared heaters. The company's Hot Dawg® Garage Heater and gas-fired patio heater will also be on display, offering contractors a variety of heating solutions to consider for commercial and residential spaces. The newly released Amp Dawg™ Electric Heater is available in two sizes. The residentially certified 5.7kW unit allows application flexibility in spaces like basements, garages or storage areas, while the 9.0kW unit provides two stages of controlled heat perfect for larger workshops and garages. The Hot Dawg® Power-Vented Gas-Fired Unit Heater is an ideal solution for residential garages and workshops. Thanks to its versatile installation options, the unit can free up more workspace by eliminating the need for space heaters that clutter the area. The unit operates on both natural and propane gas. The new MEQ infrared heater provides a perfect balance between heating performance and low-light output. The unit features a high-intensity, low-light Tungsten bulb that supplies instantaneous directional heat for indoor and outdoor applications. This heat is evenly distributed and is practically unaffected by windy environments. With power outputs up to 4800W, the MEQ is a perfect solution for restaurants or backyard patios. The MES infrared heater features long-wave radiant and convective heat output, which provides consistent and powerful heat. This zero-light, radiant heater is designed to take the chill out in moderate climates, making it an excellent choice for solariums, workshops, yoga studios, semi-enclosed outdoor rooms or any space with minimal wind exposure. Duyuru • Feb 12
Modine Introduces Two New Infrared Products to Its Portfolio of Heating Solutions Modine introduced two new infrared products to its portfolio of heating solutions. Modine is expanding its residential electric product offerings to provide customers and contractors with a variety of heating solutions for commercial and residential spaces. The new MEQ infrared heater provides a perfect balance between heating performance and low-light output. The unit features a high-intensity, low-light Tungsten bulb that supplies instantaneous directional heat packaged in a weatherproof enclosure with a remote for indoor and outdoor applications. This heat is evenly distributed and is practically unaffected by windy environments. With power outputs up to 4800w, the MEQ is a perfect solution for restaurants or backyard patios. The MES infrared heater features long-wave radiant and convective heat output, which provides consistent and powerful heat. This no-light, radiant heater is designed to take the chill out in moderate climates, making it an excellent choice for enclosed or partially enclosed spaces such as solariums, workshops, yoga studios, semi-enclosed outdoor rooms or any partially enclosed space with minimal wind exposure. Both the MEQ and MES operate quietly and can be mounted on walls or ceilings. Both units have a modern look with their powder-coated aluminum bodies that are resistant to corrosion and deformation over time. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €64.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 438% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €87.06 per share. New Risk • Feb 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Significant insider selling over the past 3 months (€316k sold). Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: US$0.83 (vs US$0.47 in 3Q 2023) Third quarter 2024 results: EPS: US$0.83 (up from US$0.47 in 3Q 2023). Revenue: US$561.4m (flat on 3Q 2023). Net income: US$44.4m (up 81% from 3Q 2023). Profit margin: 7.9% (up from 4.4% in 3Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 31
Modine Manufacturing Company Revises Earnings Guidance for the Full-Year Fiscal 2024 Modine Manufacturing Company revised earnings guidance for the full-year fiscal 2024. For the period, the company expects net sales up 4% to 7%. Recent Insider Transactions • Dec 12
Independent Director recently sold €316k worth of stock On the 8th of December, Christopher Patterson sold around 6k shares on-market at roughly €49.33 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Duyuru • Dec 08
Modine Introduces VidaShield(TM) UV24 Active Air Disinfection System to K-12 School Markets Modine is now offering the VidaShield®? UV24 Active Air Disinfection System product line to the K-12 school market. This innovative solution will further help equip schools with the necessary tools to combat airborne pathogens. VidaShield(TM) UV24 is a fast, continuous air disinfection system that combines an ultraviolet germicidal irradiation (UVGI) chamber and air circulating fans with an optional overhead ceiling light, making it convenient for schools, universities and daycare centers. The CDC recommends adding germicidal solutions in high-risk areas to better combat pathogens. VidaShield(TM) UV24 is a solution that provides ultraviolet germicidal irradiation in the form of UV-C that is safe for occupied spaces while also being easy to install. When combined with increased ventilation and improved filtration, this product can be the missing component for enhanced indoor air quality inside schools and other educational facilities. VidaShield UV24 helps improve IAQ by drawing in airborne pathogens and pollutants with an array of fans. Air is then passed through a MERV 6 filter where larger particulates of dust are trapped, but pathogens can pass through into a shielded chamber. A 253.7 nm UV-C bulb in the chamber neutralizes viruses, bacteria and fungi. VidaShield(TM") UV24 helps eliminate various pathogens, including SARS-CoV-2 (the virus that causes COVID-19), coronaviruses, and viruses or bacteria that cause the common cold, Influenza A, measles, mumps, Tuberculosis, pneumonia,MRSA and C Diff. Buying Opportunity • Nov 29
Now 21% undervalued Over the last 90 days, the stock is up 3.7%. The fair value is estimated to be €57.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.8% in a year. Earnings is forecast to decline by 18% in the next year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €45.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 380% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €60.96 per share. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: US$0.87 (vs US$0.47 in 2Q 2023) Second quarter 2024 results: EPS: US$0.87 (up from US$0.47 in 2Q 2023). Revenue: US$620.5m (up 7.2% from 2Q 2023). Net income: US$46.5m (up 91% from 2Q 2023). Profit margin: 7.5% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 86% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 02
Modine Manufacturing Company Raises Earnings Guidance for the Fiscal Year 2024 Modine Manufacturing Company raised earnings guidance for the fiscal year 2024. For the year, the company expects net sales to be in the range of +6% to 11%. Duyuru • Oct 20
Modine Manufacturing Company to Report Q2, 2024 Results on Nov 01, 2023 Modine Manufacturing Company announced that they will report Q2, 2024 results After-Market on Nov 01, 2023 Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €39.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 571% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €71.67 per share. New Risk • Oct 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risks High level of debt (41% net debt to equity). Significant insider selling over the past 3 months (€706k sold). Duyuru • Oct 17
Modine Introduces the Amp Dawg Electric Residential Unit Heater Modine announced the introduction of a new electric heating line targeted at the residential market. The Amp Dawg broadens Modine's portfolio of electric heating products featuring quiet performance and exceptional heat throw that rivals gas-fired units in a slim, low-profile design. The Amp Dawg electric residential unit heater is designed to be a quiet, efficient solution for heating garages, workshops, and other similar spaces. The durable unit boasts commercial-grade heating elements and a space-saving design. The residentially certified 5.7kW unit allows application flexibility in spaces like basements, garages or storage areas, while the 9.0kW unit provides two stages of controlled heat perfect for larger workshops and garages. Notable features of the Amp Dawg electric unit heater include: Heating output similar or equal to an HD30-45 gas-fired unit; 13-inch ceiling-to-base installed height (compared to 2 feet with competing units); Easy installation by using a unique ceiling mounting system and the lightweight design; Durable, commercial-grade sheathed steel heating elements; 24-volt circuit included for compatibility with popular low voltage smart thermostats; Quiet operation: Sound levels as low as 46 dBA high stage, 41 dBA low stage at 15'. Duyuru • Sep 07
An unknown affiliate of Regent, L.P. signed a definitive agreement to acquire three automotive businesses of Modine in Germany from Modine Manufacturing Company (NYSE:MOD). An unknown affiliate of Regent, L.P. signed a definitive agreement to acquire three automotive businesses of Modine in Germany from Modine Manufacturing Company (NYSE:MOD) on September 6, 2023. The businesses are located in Neuenkirchen, Pliezhausen and Wackersdorf . The sale is expected to be completed in the next few weeks pending regulatory approval. Recent Insider Transactions • Aug 18
Independent Chairman & Lead Director recently sold €706k worth of stock On the 15th of August, Marsha Williams sold around 17k shares on-market at roughly €40.85 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marsha's only on-market trade for the last 12 months. Duyuru • Aug 17
Modine Announces Launch of New Electric Infrared Product Line Modine announced the launch of a new electric infrared product line. With this new product offering, Modine is expanding its portfolio of energy-efficient and low-emissions heating solutions for a wide range of commercial and residential applications. The new MEL Series is a high-wattage, commercial-grade high-intensity electric infrared heater with outputs ranging from 750 to 11,400 watts. The heaters are equipped with a specially designed reflector for optimal radiant heat output with a replaceable tungsten element that provides a fast heat up time. The unit can be wall, ceiling, or recess mounted with optional accessories making it suitable for a variety of locations ranging from patios, open air dining, vestibules, and many other commercial spaces. The MEL Series is a perfect heating solution for a wide range of applications from outdoor patios to warehouses, with operational benefits that include: Highly efficient energy transfer. Lower mounting heights. Heat and light energy are balanced to reduce glare and provide high output. Input voltages of 120V to 480V. UL-certified for residential outdoor use and commercial indoor and outdoor use. Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: US$0.84 (vs US$0.27 in 1Q 2023) First quarter 2024 results: EPS: US$0.84 (up from US$0.27 in 1Q 2023). Revenue: US$622.4m (up 15% from 1Q 2023). Net income: US$44.8m (up 213% from 1Q 2023). Profit margin: 7.2% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year whereas the company’s share price has increased by 83% per year. Duyuru • Aug 03
Modine Manufacturing Company Revises Sales Guidance for Fiscal Year 2024 Modine Manufacturing Company revised sales guidance for fiscal year 2024. For the period, the company expects net sales up 6% to 11%. New Risk • Jul 26
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Share price has been volatile over the past 3 months (9.7% average weekly change). Significant insider selling over the past 3 months (€1.1m sold). Duyuru • Jul 23
Modine Manufacturing Company to Report Q1, 2024 Results on Aug 02, 2023 Modine Manufacturing Company announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Duyuru • Jul 08
Modine Manufacturing Company, Annual General Meeting, Aug 17, 2023 Modine Manufacturing Company, Annual General Meeting, Aug 17, 2023, at 08:00 Central Daylight. Agenda: To consider election of the Company-nominated slate of three directors for terms expiring in 2026; to consider advisory approval of the Company’s named executive officer compensation; to consider advisory vote on the frequency of shareholder advisory votes on the Company’s named executive officer compensation; to consider ratification of the appointment of the Company’s independent registered public accounting firm; and to consider any other matters properly brought before the shareholders at the meeting. Duyuru • Jul 07
Modine Manufacturing Company (NYSE:MOD) acquired Napps Technology Corporation. Modine Manufacturing Company (NYSE:MOD) acquired Napps Technology Corporation on July 6, 2023. Modine will continue to manufacture in Longview, Texas, and Sam Neale, current president of Napps Technology, will join Modine.
Modine Manufacturing Company (NYSE:MOD) completed the acquisition of Napps Technology Corporation on July 6, 2023. Recent Insider Transactions • Jun 28
Independent Director recently sold €511k worth of stock On the 22nd of June, Larry Moore sold around 18k shares on-market at roughly €28.81 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €560k. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Share price has been volatile over the past 3 months (9.7% average weekly change). Significant insider selling over the past 3 months (€560k sold). Recent Insider Transactions • Jun 07
Independent Director recently sold €560k worth of stock On the 2nd of June, Christine Yan sold around 22k shares on-market at roughly €25.97 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €818k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €25.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 403% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.52 per share. Duyuru • May 26
Modine Manufacturing Company Provides Sales Guidance for the Full Year 2024 Modine Manufacturing Company provided sales guidance for the full year 2024. For the period, the company expects Net sales up 4% to 10%. Reported Earnings • May 25
Full year 2023 earnings released: EPS: US$2.90 (vs US$1.64 in FY 2022) Full year 2023 results: EPS: US$2.90 (up from US$1.64 in FY 2022). Revenue: US$2.30b (up 12% from FY 2022). Net income: US$153.1m (up 80% from FY 2022). Profit margin: 6.7% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Modine Manufacturing Company to Report Q4, 2023 Results on May 24, 2023 Modine Manufacturing Company announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on May 24, 2023 Duyuru • May 05
Modine Manufacturing Company Announces the Resignation of Sylvia A. Stein as Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer, Effective from June 16, 2023 On May 1, 2023, Sylvia A. Stein, Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer of Modine Manufacturing Company, resigned her positions to accept another opportunity. To support a smooth transition, Ms. Stein's resignation is effective June 16, 2023. Buying Opportunity • Apr 04
Now 27% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €26.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 102% in the next 2 years. 
