Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Modine (MOD) . Modine currently has an average brokerage recommendation (A ...

Modine (MOD) closed the most recent trading day at $111.07, moving +0.23% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Prior to today's trading, shares of the heating and cooling products maker had gained 0.89% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 10.04% and the S&P 500's gain of 4.86% in that time. The investment community will be close ...

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. Members of the executive management team provided an update to the company's strategy to transform the company and drive sustainable shareholder valu ...

Investors interested in Automotive - Original Equipment stocks are likely familiar with Continental AG (CTTAY) and Modine (MOD) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings est ...

Modine (MOD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this heating and cooling products maker have returned -8.5% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Automotive - Original Equipment industry, to which Modine belongs, has lost 10.3% over this period. Now the key question is: Where could the stock be headed in the near term? ...

From a technical perspective, Modine (MOD) is looking like an interesting pick, as it just reached a key level of support. MOD recently overtook the 20- day moving average, and this suggests a short-term bullish trend. The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. The 20-day mo ...

From a technical perspective, Modine (MOD) is looking like an interesting pick, as it just reached a key level of support. MOD recently overtook the 50-day moving average, and this suggests a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down tre ...

Financial Data and Key Metrics Changes - The company reported a 6% increase in first-quarter sales, driven by acquisitions and organic growth in climate solutions, partially offset by divestitures and planned initiatives in performance technologies [14] - Adjusted EBITDA increased by 25% or $21 million, with an adjusted EBITDA margin of 15.3%, marking the 10th consecutive quarter of year-over-year margin improvement [15] - Adjusted earnings per share rose to $1.04, a 22% increase compared to the prior year [15] Business Line Data and Key Metrics Changes - The climate solutions segment saw a 31% increase in adjusted EBITDA with a margin over 20%, driven by a 138% growth in data center sales, amounting to $94 million [9][10] - Performance technologies experienced a 25% increase in adjusted EBITDA, with an EBITDA margin improvement of 390 basis points, despite a 10% decrease in revenue primarily due to divestitures and lower sales in automotive and off-highway markets [12][14] Market Data and Key Metrics Changes - Data center sales in North America nearly doubled compared to the prior year, reflecting strong demand from hyperscale customers [4][10] - HVAC&R sales increased by 7% or $5 million, while heat transfer product sales declined by 21% or $29 million, primarily due to reduced demand in European markets [10][11] Company Strategy and Development Direction - The company is focusing on strategic acquisitions and investments in high-growth areas, particularly in climate solutions and performance technologies [3][4] - The 80/20 initiative is being utilized to prioritize and invest in the best-performing businesses, leading to improved margins and earnings [3][4][11] - The company plans to continue evaluating its portfolio and divesting from lower-margin businesses while seeking opportunities for growth [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong start to the fiscal year, with expectations for continued growth in data center sales and overall company performance [3][17] - The outlook for fiscal 2025 has been raised, with total company sales growth now projected between 6% to 11%, driven by significant increases in data center sales [17][19] - Management anticipates another year of good cash flow and plans to maintain capital spending in line with the previous year [19] Other Important Information - The company generated $14 million in free cash flow during the first quarter, with a net debt of $363 million, resulting in a leverage ratio of 1.1 [16] - The upcoming Analyst and Investor Day is scheduled for September 11, where further insights into the company's transformation and updated financial targets will be provided [19] Q&A Session Summary Question: Data center performance and future growth - Management indicated that the strong performance in data centers is expected to continue, with capacity expansions planned for the second half of the year [21][22] Question: Heat transfer products outlook - The majority of the revenue drop in heat transfer products was attributed to lower heat pump sales, with expectations for easier comparisons in the second half of the year [23][24] Question: Revenue rationalization targets - The company targets about $100 million in revenue rationalization each year, focusing on divesting from lower-margin businesses [26][27] Question: Guidance for fiscal 2025 - Management provided insights into the expected revenue growth rates across different segments, with a focus on maintaining high single-digit organic growth [28][50] Question: GenSet business outlook - The GenSet business is expected to grow to approximately $120 million in sales for fiscal 2025, reflecting a 20% increase [40] Question: M&A strategy and market conditions - The company is well-positioned for M&A opportunities, with a strong balance sheet and cash flow, while remaining disciplined in evaluating potential acquisitions [58][59]

First Quarter Fiscal 2025 July 31, 2024 NEIL BRINKER President and Chief Executive Officer MICK LUCARELI Executive Vice President and Chief Financial Officer KATHY POWERS Vice President, Treasurer, and Investor Relations Forward-Looking Statements This presentation contains statements, including information about future financial performance and market conditions, accompanied by phrases such as "believes," "estimates," "expects," "plans," "anticipates," "intends," "projects," and other similar "forward-look ...

Exhibit 99.1 Modine Reports First Quarter Fiscal 2025 Results First Quarter Financial Results Racine, WI – July 30, 2024 – Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended June 30, 2024. • Net sales growth between 6 percent to 11 percent • Adjusted EBITDA of $375 million to $395 million, an increase of 19 percent to 26 percent over the prior year • Adjusted earnings per share of $3.65 to $3.95 "Our first qu ...