Modine (MOD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Revisions to Earnings Estimates Here at Z ...

Racine transit system zero-emission buses equipped with Modine EVantage™ Thermal Management Systems to increase longevity and range. RACINE, Wis., May 29, 2024 /PRNewswire/ -- In support of sustainable mobility solutions across the City of Racine, Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced a collaboration with RYDE Racine, the city's comprehensive public transportation system. As part of an initiative to modernize and reduce public transit ...

Financial Data and Key Metrics Changes - Modine reported a 5% increase in sales to $2.4 billion and a 48% increase in adjusted EBITDA to $314 million, resulting in a 13.1% adjusted EBITDA margin for the fiscal year [4][8] - Fourth quarter sales declined by 2%, with $24 million of the decline attributed to divestitures, while adjusted EBITDA increased by 20% or $13 million [8][10] - Adjusted earnings per share was $0.77, a 15% increase from the prior year, while GAAP earnings per share was $0.48, down $1.21 from the previous year due to a tax valuation allowance reversal [8][10] Business Line Data and Key Metrics Changes - The Climate Solutions segment saw a 31% increase in adjusted EBITDA on a 4% increase in sales, with data center sales up 69% to $294 million [24][26] - Performance Technologies reported a 67% increase in adjusted EBITDA with a 5% increase in sales, resulting in a 12.1% adjusted EBITDA margin [6][27] - HVAC&R sales are expected to grow by 20% to 25% in the upcoming fiscal year, driven by growth in indoor air quality and recovery in heating and refrigeration markets [9][10] Market Data and Key Metrics Changes - Data center sales in the Climate Solutions segment grew 40% or $25 million, driven by strong demand from hyperscale and colocation customers [26] - The heat transfer products business experienced a 15% revenue decline, attributed to lower demand in certain markets, including a soft European heat pump market [25][26] - Overall, total company sales are expected to grow in the range of 5% to 10% in fiscal '25, with data center sales projected to grow 60% to 70% [28][29] Company Strategy and Development Direction - The company is focusing on innovative engineering solutions and investing in attractive end markets to achieve long-term margin targets, as evidenced by recent acquisitions and divestitures [4][5] - The 80/20 strategy is being actively implemented to prioritize high-value areas while deemphasizing lower-margin businesses [8][10] - Future growth is anticipated in the data center market, with plans to expand capacity and enhance product offerings, including liquid cooling technologies [31][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant earnings improvement and margin expansion, with expectations for continued strong cash flow in fiscal '25 [10][28] - The company is optimistic about organic growth opportunities while integrating acquired businesses and targeting smaller inorganic growth opportunities [25][28] - Management highlighted the importance of maintaining strong customer relationships and leveraging technological advancements to drive future growth [5][57] Other Important Information - The company generated $127 million of free cash flow during fiscal '24, representing 5.3% of sales, with capital expenditures expected to be in line with the prior year [28] - The acquisition of Scott Springfield is expected to enhance the company's capabilities in the data center market and provide cross-selling opportunities [57][69] - An organizational change was announced, moving coatings products to the Climate Solutions segment, with minimal financial impact expected [29] Q&A Session Summary Question: Can you discuss the growth potential in the data center market? - Management indicated that the data center business could potentially reach $1 billion in revenue, with significant growth expected from both air and liquid cooling technologies [20][31] Question: What are the margin expectations for fiscal '25? - The company expects a midpoint EBITDA margin of around 14.5%, with Performance Technologies anticipated to see a 200 basis point increase in margins [34] Question: How is the company approaching M&A? - Management stated that they are focusing on smaller to mid-sized transactions, with no immediate need for large M&A to meet financial targets [33] Question: What is the outlook for the heat pump market? - The heat pump market is expected to remain down in the near term, with management monitoring inventory levels and market conditions closely [65] Question: What is the expected contribution from liquid cooling technologies? - Current revenue assumptions do not include significant contributions from liquid cooling, but management anticipates potential growth in this area as technologies develop [66][67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION MODINE MANUFACTURING COMPANY (Exact name of registrant as specified in its charter) Wisconsin 39-0482000 Washington, D. C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-1373 (State or ot ...

Key Takeaways Shares in Modine Manufacturing (MOD) dropped 9% in premarket trading Wednesday morning after the thermal-management solutions provider posted weaker-than-expected quarterly sales and issued mixed guidance as it tries a capture a slice of the booming artificial intelligence (AI) data center market. For the quarter ending March 31, the Racine, Wisconsin-based company reported revenue of $603.5 million, down 2% from a year earlier and below the $605.4 million expected by analysts. Adjusted earnin ...

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like t ...

Fiscal 2025 outlook indicates revenue growth driven by Climate Solutions and strong earnings and margin expansion across both segments Exhibit 99.1 FOR IMMEDIATE RELEASE NEWS RELEASE Modine Reports Fourth Quarter Fiscal 2024 Results Continued growth in targeted markets and outstanding gross margin improvement provided a strong finish to fiscal 2024 Racine, WI – May 21, 2024 – Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for ...

Continued growth in targeted markets and outstanding gross margin improvement provided a strong finish to fiscal 2024 Fiscal 2025 outlook indicates revenue growth driven by Climate Solutions and strong earnings and margin expansion across both segments RACINE, Wisc., May 21, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter and fiscal year ended March 31, 2024. Fourth Quarter Highlights: Full ...

RACINE, Wis., May 8, 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 fourth quarter and fiscal year 2024 financial results for the period ended March 31, 2024, on Wednesday, May 22, 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, May 21, 2024.During the call, Modine President an ...

The new site in Bradford, West Yorkshire, will produce precision cooling equipment under the Airedale by Modine™ brand and comes on the heels of expansion in Calgary, Canada, and Allen, Texas. RACINE, Wis., May 7, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified leader in thermal management technologies and solutions, announced the purchase of a 14.6 acre manufacturing site in Bradford, UK, to support increased production of Airedale by Modine™ precision cooling equipment used in the data center indus ...