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Modine Manufacturing pany(MOD) - 2025 Q3 - Quarterly Report
2025-02-05 17:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ☐ I ...
Compared to Estimates, Modine (MOD) Q3 Earnings: A Look at Key Metrics
ZACKS· 2025-02-05 01:01
For the quarter ended December 2024, Modine (MOD) reported revenue of $616.8 million, up 9.9% over the same period last year. EPS came in at $0.92, compared to $0.74 in the year-ago quarter.The reported revenue represents a surprise of +0.62% over the Zacks Consensus Estimate of $613 million. With the consensus EPS estimate being $0.79, the EPS surprise was +16.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...
Modine (MOD) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-02-04 23:36
Group 1: Earnings Performance - Modine reported quarterly earnings of $0.92 per share, exceeding the Zacks Consensus Estimate of $0.79 per share, and up from $0.74 per share a year ago, representing an earnings surprise of 16.46% [1] - The company posted revenues of $616.8 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.62%, and an increase from year-ago revenues of $561.4 million [2] Group 2: Stock Performance and Outlook - Modine shares have declined approximately 16.8% since the beginning of the year, contrasting with the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.03 on revenues of $692.7 million, and for the current fiscal year, it is $3.83 on revenues of $2.62 billion [7] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Modine belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - Another company in the same industry, Dana, is expected to report quarterly earnings of $0.10 per share, reflecting a year-over-year increase of 225%, with a consensus EPS estimate revised 22.9% higher in the last 30 days [9]
Modine Manufacturing pany(MOD) - 2025 Q3 - Quarterly Results
2025-02-04 21:28
Racine, WI – February 4, 2025 – Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2024. Third Quarter Highlights: "Our third quarter results were largely in line with our expectations and a continuation of the trends outlined last quarter, with strong data center sales leading the year-over-year revenue improvement," said Modine President and Chief Executive Officer, Neil D. Brinker. "The Scott ...
Modine Reports Third Quarter Fiscal 2025 Results
Prnewswire· 2025-02-04 21:15
Revenue and gross margin growth driven by strong data center sales, including benefit from Scott Springfield acquisition RACINE, Wis., Feb. 4, 2025 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2024.Third Quarter Highlights: Net sales of $616.8 million increased 10 percent from the prior year Net earnings of $41.2 million decreased $3.9 million, or 9 percent, from the prior y ...
Here's Why Modine (MOD) Fell More Than Broader Market
ZACKS· 2025-01-31 23:51
Modine (MOD) closed the latest trading day at $101.45, indicating a -0.99% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 0.28%.The heating and cooling products maker's shares have seen a decrease of 11.8% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 4.35% and the S&P 500's gain of 2.87%.Analysts and investors alike will be ke ...
Modine (MOD) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-01-28 16:05
Modine (MOD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 4. On ...
Modine to Host Third Quarter Fiscal 2025 Earnings Conference Call on February 5, 2025
Prnewswire· 2025-01-22 13:35
Core Viewpoint - Modine will host a conference call on February 5, 2025, to discuss its third quarter financial results for the period ending December 31, 2024, with results released after market close on February 4, 2025 [1][2]. Company Information - Modine is a global leader in thermal management technology, with over 100 years of experience, focused on improving air quality and conserving natural resources [4]. - The company employs more than 11,000 people worldwide, operating in North America, South America, Europe, and Asia [4]. - Modine's segments, Climate Solutions and Performance Technologies, aim to reduce energy and water consumption, lower harmful emissions, and enable cleaner vehicles and environmentally friendly refrigerants [4].
Modine (MOD) Rises But Trails Market: What Investors Should Know
ZACKS· 2025-01-17 23:50
Modine (MOD) closed at $132.80 in the latest trading session, marking a +0.19% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1%. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 1.51%.The heating and cooling products maker's shares have seen an increase of 12.31% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 11.59% and the S&P 500's loss of 2.14%.The investment community will be paying close attention to the earnings ...
Modine (MOD) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-01-13 23:56
In the latest market close, Modine (MOD) reached $118.69, with a -0.12% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, lost 0.38%.The the stock of heating and cooling products maker has fallen by 10.03% in the past month, lagging the Auto-Tires-Trucks sector's loss of 6.74% and the S&P 500's loss of 2.2%.The investment community will be paying close attention to the earnings performance of Modi ...