Core Viewpoint - Analysts project that Modine (MOD) will report quarterly earnings of $0.99 per share, reflecting a year-over-year increase of 7.6%, with revenues expected to reach $763.38 million, a 23.8% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 2.6% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Metrics - Analysts estimate 'Net Sales- Performance Technologies' to be $252.69 million, a decrease of 3.6% from the previous year [5]. - 'Net Sales- Climate Solutions' is expected to reach $522.14 million, representing an increase of 44.7% year-over-year [5]. - 'Adjusted EBITDA- Climate Solutions' is projected at $88.77 million, up from $75.70 million in the prior year [5]. - The consensus for 'Adjusted EBITDA- Performance Technologies' is $35.22 million, compared to $28.40 million from the previous year [6]. Stock Performance - Over the past month, Modine shares have increased by 32.4%, while the Zacks S&P 500 composite has only increased by 0.9% [6]. - Modine currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6].

Creating a Premier Global Climate Solutions Company January 29, 2026 Forward-Looking Statements and RMT Disclaimer No Offer or Solicitation This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registratio ...

Gentherm and Modine Performance Technologies Merger Conference Call Summary Company and Industry Overview - **Companies Involved**: Gentherm (NasdaqGS:THRM) and Modine Performance Technologies - **Industry**: Thermal management technologies, focusing on automotive, commercial vehicles, heavy-duty equipment, and power generation Key Points and Arguments Merger Announcement - Gentherm announced a definitive agreement to merge with Modine's Performance Technologies business, intended to be tax-free for Modine and its shareholders [2][20] - The merger is valued at approximately $1 billion, representing a multiple of about 6.8x based on pro forma synergy-adjusted EBITDA of $147 million for the trailing 12 months [20] Financial Impact - The merger will nearly double Gentherm's revenue to approximately $2.6 billion, with a pro forma synergy-adjusted EBITDA margin of about 13% [4][19] - Gentherm expects to achieve a mid-teens EBITDA margin through operational improvements and growth in higher-margin markets [19] Strategic Benefits - The merger expands Gentherm's portfolio with complementary thermal management products and engineering capabilities, enhancing access to growth markets outside of light vehicles [5][11] - Identified annual cost synergies of approximately $25 million by the end of 2028, with opportunities in direct materials, purchasing, logistics, and support costs [15][20] Market Expansion - The merger allows Gentherm to shift its revenue mix away from light vehicles, with light vehicle business expected to represent about 63% of combined revenue post-merger [36] - Commercial vehicles and heavy-duty applications will account for approximately 30%, while power generation is projected to be the fastest-growing segment at about 6% of the business [36] Growth Opportunities - Modine's established presence in the power generation market is expected to drive significant growth, with a long-term growth model suggesting over 20% growth for this segment [38] - Cross-selling opportunities identified, particularly in agriculture and mining equipment, leveraging Modine's existing customer relationships [52][41] Operational Excellence - Gentherm aims to learn from Modine's well-established operating system and 80/20 principles, which have led to significant financial and operational improvements [18][53] - The merger is seen as a chance to accelerate operational and commercial excellence, expanding margins and creating shareholder value [18] Additional Important Information - Gentherm shareholders will own approximately 60% of the combined company, while Modine shareholders will hold 40% [21] - The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and customary closing conditions [22] - The combined company will continue to operate under the Gentherm name and will remain listed on NASDAQ [21] Conclusion - The merger between Gentherm and Modine Performance Technologies is positioned as a transformative opportunity that enhances scale, diversifies revenue streams, and creates significant growth potential across multiple markets, particularly in power generation and commercial vehicles [4][22]

Gentherm to Combine with Modine Performance Technologies Gentherm © 2026 Performance + Technologies Forward-Looking Statements and RMT Disclaimer Building scale in thermal management solutions January 29, 2026 Additional Information and Where to Find It In connection with the proposed transaction among Gentherm, Modine and SpinCo, the parties intend to file relevant materials with the SEC, including, among other filings, a registration statement on Form S-4 to be filed by Gentherm (the "Form S-4") that will ...

Core Viewpoint - Gentherm and Modine have entered into a definitive agreement for a Reverse Morris Trust transaction, where Modine will spin off its Performance Technologies business and combine it with Gentherm, creating a tax-free structure for Modine and its shareholders [1][2][3]. Group 1: Transaction Overview - The transaction is valued at approximately $1.0 billion, representing a multiple of about 6.8x LTM post-synergy adjusted EBITDA of $147 million [3][5]. - Modine is expected to receive a cash distribution of $210 million from SpinCo, with shareholders receiving approximately 21 million shares of Gentherm common stock, equating to about $790 million [3][11]. - Following the transaction, Modine shareholders will own approximately 40% of the combined company, while Gentherm shareholders will own about 60% [3][11]. Group 2: Strategic Benefits - The transaction will establish Gentherm as a scaled leader in thermal management solutions, enhancing its capabilities in precision flow management and allowing it to serve attractive end markets such as power generation and commercial vehicles [2][7]. - The combined company is expected to realize approximately $25 million in annual cost synergies through operational efficiencies and cost optimization [11][7]. - Modine will focus on becoming a pure-play climate solutions company, targeting high-growth markets such as data center cooling, with anticipated annual growth of 50% to 70% over the next two years [6][11]. Group 3: Financial Profile - The combined company is projected to generate pro forma revenue of $2.6 billion, with an adjusted EBITDA margin of 13% on a synergy-adjusted basis and a net leverage ratio of approximately 1.0x [2][11]. - Modine's Climate Solutions segment generated $1.6 billion in revenue for the twelve months ended September 30, 2025, with expectations to approach $2 billion for Fiscal 2026 [11][6]. - The transaction is expected to be accretive to adjusted EPS by year two, preserving Gentherm's strong balance sheet and providing capital allocation flexibility for future investments [11][7]. Group 4: Leadership and Structure - Bill Presley will serve as CEO and Jon Douyard as CFO of the combined company, with Modine Performance Technologies operating as a division of Gentherm [10][12]. - The transaction is expected to close in the fourth quarter of calendar year 2026, subject to various approvals [9][11].

液冷材料专家小范围 20260127 摘要 液冷技术通过缩小液冷板尺寸和仿生设计提升热交换效率，但材料是主 要瓶颈。铜基材料虽散热优异但成本高，金属基复合材料尚处商业化过 渡期。 芯片与冷板间的界面材料（如导热硅脂、凝胶等）选择至关重要，不同 材料表现差异大，需根据需求优化。膨胀系数匹配影响传热效率，材料 需具备良好导热性和稳定性。 市场上的液冷方案主要有铝合金和铜基冷板，以及各类界面填隙材料。 铝合金成本低但导热性有限，铜基适用于高功率散热，填隙材料各有优 缺点，需综合考虑。 传统金属材料在高功率芯片冷却中，因不融化导致孔洞影响传热。液态 金属虽贴合度好，但需防泄漏，且注入过程可能产生气孔，降低传热效 率。 一体化设计将热界面材料与冷板结合，消除界面热阻，通过化学修饰连 接材料，显著提升传输效率，优于传统导热硅脂等。 远东集团的一体化设计将液态金属固定在结构内，通过压缩赶走气孔， 化学修饰结合液态金属与冷板，消除界面热阻，关注界面材料本身。 Q&A 液冷技术目前的发展情况如何？有哪些发展瓶颈和亟待解决的问题？ 液冷技术已经发展多年，特别是在结构上已经非常成熟。目前液冷材料主要是 铝合金和铜，这些材料在结构设 ...

Core Insights - The TurboChill™ 3+MW is a new hybrid chiller designed to efficiently manage increasing AI workloads in GPU-powered data centers, offering advanced free-cooling capabilities and reducing energy consumption [1][3] - The product aims to address the high-density cooling demands of modern data centers while maintaining reliability and performance, especially in varying ambient conditions [2][3] Product Features - TurboChill™ 3+MW provides industry-leading heat rejection capabilities and an expanded operating range for free cooling, minimizing the need for mechanical cooling [1] - The hybrid solution maximizes free cooling where conditions permit while ensuring mechanical cooling is available to manage peak heat loads [2] Industry Context - As AI and high-performance computing workloads increase, data center cooling strategies must evolve to accommodate higher rack densities and varying operational conditions [3] - The reliance on mechanical cooling remains essential to handle peak loads and prevent thermal shutdown, particularly in regions with challenging ambient conditions [6]

Core Viewpoint - Modine will host a conference call and webcast to discuss its third quarter financial results for the period ended December 31, 2025, scheduled for February 5, 2026 [1]. Group 1: Financial Results Announcement - The conference call will feature Modine's President and CEO, Neil D. Brinker, and Executive Vice President and CFO, Michael B. (Mick) Lucareli, who will review the company's third quarter financial results [2]. - Financial results are set to be released after market close on February 4, 2026 [1]. Group 2: Accessing the Webcast - Investors can access the live webcast and presentation slides through Modine's investor section on their website, with a recommendation to log in at least 10 minutes prior to the event [3]. - A replay of the slides and audio will be available on or after February 5, 2026, and an audio-only replay will be accessible until midnight on February 12, 2026 [3]. Group 3: Company Overview - Modine has over 100 years of experience in thermal management technology, focusing on engineering solutions for cleaner and healthier environments [4]. - The company employs more than 11,000 individuals globally and operates in North America, South America, Europe, and Asia [4].

Group 1: Investment Recommendations - Bank of America has identified several stocks well-positioned for the upcoming earnings season, including Amazon.com Inc., Brookdale Senior Living Inc., Corning Inc., Vertiv Holdings Co., and Carvana Co. [1] - Amazon is highlighted as a compelling investment due to its potential for valuation improvement, particularly if AWS revenue growth accelerates and AI capabilities are strengthened [2][3] - Brookdale Senior Living has been upgraded to a buy rating, benefiting from an aging population, with shares rising nearly 13% this year [4] - Carvana is recognized for its growth potential, driven by innovation and new initiatives, with its stock up 6% this year [5] - Corning has been rated a buy, supported by a favorable balance of glass supply and demand, and expected growth from carrier spending and Gen AI in the Optical market [6] - Vertiv is expected to benefit from margin recovery and improved free cash flow, with increased demand for its thermal management products due to AI adoption in data centers [7] Group 2: Market Trends and Earnings Outlook - The tech industry is anticipated to have a strong Q4 earnings season, with predictions of impressive earnings from tech giants like Amazon, Microsoft, and Alphabet, driven by demand for AI enterprise services [8] - The upgrade of Brookdale Senior Living reflects strong growth potential in the senior housing sector, despite challenges in the healthcare landscape [9] - Corning's strong Q3 results, with core sales up 14% year over year and enterprise sales in Optical Communications surging 58%, highlight ongoing shifts in digital infrastructure and materials science sectors [10]

Core Insights - Airedale by Modine emphasizes its advanced cooling technologies that cater to the increasing thermal demands of modern data centers, focusing on energy efficiency and minimizing Power Usage Effectiveness (PUE) [1][4] Group 1: Technology and Innovation - Airedale has over 20 years of experience in concurrent free cooling, which enhances energy efficiency by reducing reliance on mechanical cooling systems and optimizing the performance of critical components like electronically controlled fans and inverter-driven pumps [2] - Recent advancements allow server racks to be cooled with 45°C water, expanding the operational window for free and hybrid cooling, which helps in minimizing PUE as thermal density increases [3] - The Airedale Cooling System Optimizer can manage between two and twenty chillers, optimizing free cooling across all available units when ambient temperatures are low, while maintaining stable water conditions [3] Group 2: Market Positioning - Airedale is strategically positioned to support the industry's transition to higher temperature and heat density thermal architectures, offering a comprehensive range of solutions including dry coolers, air handling units, and intelligent controls [4] - The company is also advancing its immersion cooling capabilities to accommodate the rising power densities of next-generation chips, ensuring long-term partnerships with data centers adapting to these changes [4] Group 3: Company Overview - Modine has over 100 years of experience in thermal management for mission-critical applications, focusing on engineering solutions that improve air quality, reduce energy consumption, and lower harmful emissions [5] - The company operates globally with more than 11,000 employees, emphasizing its commitment to evolving technologies for cleaner and healthier environments [5]