Core Points - Elbit Systems Ltd. has been awarded a contract worth approximately $200 million by the Israeli Ministry of Defense to supply high-power laser systems for the "Iron Beam" air defense system [1][2] - The contract includes the provision of ongoing support services alongside the high-power laser solution developed by Elbit Systems [2] - The President and CEO of Elbit Systems, Bezhalel Machlis, highlighted the company's leadership in high-power laser technology and its significant contributions to the "Iron Beam" project [3] Company Overview - Elbit Systems is a leading global defense technology company, focusing on advanced solutions for security and safety [3] - The company employs over 20,000 people across five continents and reported revenues of approximately $1.6 billion as of June 30, 2024, with an order backlog of about $21.1 billion [4]

Art Laszlo appointed Group Vice President to lead Modine's global Data Centers businessRACINE, 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."The opening o ...

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Modine EVantage™ Thermal Management Systems, optimize battery and power electronics thermal performance, increasing system efficiency of hybrid busRACINE, 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, p ...

Company Performance - Modine's stock closed at $135.53, reflecting a +0.97% change from the previous day, outperforming the S&P 500's daily loss of 0.02% [1] - Over the past month, Modine's shares have increased by 14.78%, while the Auto-Tires-Trucks sector declined by 3.97% and the S&P 500 gained 3.77% [1] - The upcoming earnings release on October 29, 2024, is expected to show an EPS of $0.93, a 4.49% increase from the same quarter last year, with projected revenue of $644.74 million, up 3.91% year-over-year [1] Analyst Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $3.86 per share and revenue of $2.61 billion, representing increases of +18.77% and +8.44% from the previous year [2] - Recent upward revisions in analyst estimates indicate positive sentiment towards Modine's business operations and profit generation capabilities [2] Zacks Rank and Valuation - Modine currently holds a Zacks Rank of 1 (Strong Buy), with a proven track record of outperformance, as 1 stocks have returned an average of +25% annually since 1988 [3] - The Forward P/E ratio for Modine is 34.79, which is a premium compared to the industry average of 11.74 [3] - Modine's PEG ratio stands at 1.02, compared to the Automotive - Original Equipment industry's average PEG ratio of 0.77 [3] Industry Overview - The Automotive - Original Equipment industry is ranked 160 in the Zacks Industry Rank, placing it in the bottom 37% of over 250 industries [4] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Modine (MOD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MOD crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages. Like othe ...

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. During the call, Modine President and Chie ...

Core Insights - Modine has introduced two new low-intensity tube heaters, the MRS and MRL, to enhance outdoor comfort in various settings such as home patios, restaurant patios, and entertainment venues [1][3]. Product Details - The MRS heater has a length of 9 feet and can heat spaces up to 180 square feet, with fire rates of 50,000 BTU/hr (high) and 35,000 BTU/hr (low) [4]. - The MRL heater is larger, measuring 16 feet 4 inches, and can heat areas up to 312 square feet, offering multiple fire rate options: 65,000 BTU/hr (high) and 50,000 BTU/hr (low), 80,000 BTU/hr (high) and 52,000 BTU/hr (low), and 100,000 BTU/hr (high) and 65,000 BTU/hr (low) [4]. Market Position - The introduction of the MRS and MRL reflects strong market demand for infrared heating solutions, showcasing Modine's commitment to quality and innovation in the HVAC industry [3][5]. - Modine's offerings are designed for easy installation and are available in both natural gas and propane configurations, catering to diverse customer needs [3][4]. Company Overview - Modine has over 100 years of experience in thermal management and operates globally, focusing on improving air quality and conserving natural resources [5]. - The company employs more than 11,000 people worldwide and is headquartered in Racine, Wisconsin [5].

Core Insights - Modine has appointed Dan Hedstrom as the new Chief Information Officer (CIO), effective immediately, succeeding Steve Langer who is set to retire at the end of the year [1][2]. Group 1: Leadership Transition - Dan Hedstrom will lead Modine's global IT function and execute the company's digital strategy, focusing on business-aligned IT solutions to optimize performance, enhance productivity, and improve cybersecurity [2]. - Steve Langer has served as Vice President of Information Technology for seven years and will retire at the end of 2024 [1][4]. Group 2: Dan Hedstrom's Background - Hedstrom joins Modine from Cubic Corporation, where he spent 12 years and was promoted to Vice President and CIO in 2018, with experience in scaling IT systems for growth [3]. - He holds a bachelor's degree in Computer Engineering from California Polytechnic State University [3]. Group 3: Company Overview - Modine is a global leader in thermal management technology, with over 11,000 employees worldwide, dedicated to improving air quality and conserving natural resources [4]. - The company operates in North America, South America, Europe, and Asia, focusing on Climate Solutions and Performance Technologies to reduce energy consumption and harmful emissions [4].

Modine (MOD) closed at $134.01 in the latest trading session, marking a +0.93% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.71%. Elsewhere, the Dow saw an upswing of 1.03%, while the tech-heavy Nasdaq appreciated by 0.6%. Shares of the heating and cooling products maker witnessed a gain of 40.35% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its gain of 5.44% and the S&P 500's gain of 6.41%. Market participants will be closely following th ...