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Modine Manufacturing Company

Modine Manufacturing Company

NYSE•MOD
CEO: Mr. Neil D. Brinker
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 1982-09-20
Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers. It also provides data center products consisting of IT cooling solutions, including precision air conditioning units for data center applications; computer room air conditioning and handler units; hybrid fan coils; fan walls; chillers; condensers; condensing units; and liquid cooling solutions for high-density computing, as well as replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, the company offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, and chillers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
Contact Information
1500 DeKoven Avenue, Racine, WI, 53403-2552, United States
262-636-1200
www.modine.com
Market Cap
$7.21B
P/E (TTM)
38.7
30.8
Dividend Yield
--
52W High
$166.94
52W Low
$64.79
52W Range
71%
Rank50Top 68.9%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$738.90M+12.29%
4-Quarter Trend

EPS

$0.84-4.54%
4-Quarter Trend

FCF

-$2.80M-106.39%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Quarterly Sales Growth Strong Q2 Net sales reached $738.9M, a 12% increase over prior year; H1 sales grew 8% to $1.42B.
Strategic Acquisitions Completed Acquired three businesses (AbsolutAire, L.B. White, Climate by Design) totaling $182.1M cash payments in H1 2026.
Six Month Earnings Improved Net earnings attributable to Modine rose to $95.6M for six months, up from $93.4M last year period.
Balance Sheet Assets Increased Total assets grew to $2.39B as of September 30, 2025, up from $1.92B at March 31, 2025.

Risk Factors

Gross Margin Compression Noted Q2 Gross margin declined 290 basis points to 22.3% due to operating inefficiencies and higher material costs.
Significant Impairment Charge Recorded $4.1M non-cash impairment charge in Performance Technologies segment related to German facility sale.
Operating Cash Flow Decreased Net cash from operations fell $68.7M YTD, driven by unfavorable working capital changes, including inventory levels.
Integration and Cost Risks Integration of three acquisitions ongoing; preliminary purchase accounting allocations are subject to refinement through fiscal 2026.

Outlook

Data Center Capacity Expansion Announced $100.0M incremental investment over twelve months to expand U.S. manufacturing capacity for data center products.
Pension Plan Termination Costs Expect non-cash pension settlement charges between $120.0M and $125.0M during the second half of fiscal 2026.
Debt Covenants Compliance Company remains compliant with leverage and interest coverage debt covenants; expects compliance for remainder of fiscal 2026.
IT Spending Commitments Expect to spend approximately $35.0M on IT services, including cloud and AI enablement, from fiscal 2027 through 2030.

Peer Comparison

Revenue (TTM)

Lear CorporationLEA
$22.99B
-1.9%
BorgWarner Inc.BWA
$14.18B
+0.1%
Dana IncorporatedDAN
$8.54B
-18.2%

Gross Margin (Latest Quarter)

Dorman Products, Inc.DORM
44.4%
+3.9pp
Monro, Inc.MNRO
35.7%
+0.4pp
Gentex CorporationGNTX
34.4%
+0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BWA$10.21B76.22.3%28.0%
MOD$7.21B38.719.4%24.4%
LEA$6.44B14.69.2%23.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.2%
Steady Growth
4Q Net Income CAGR
2.7%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 3, 2026
|
EPS:$1.02
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Sep 30, 2025|Filed: Oct 29, 2025|
    Revenue: $738.90M+12.3%
    |
    EPS: $0.84-4.5%
    Miss
  • Form 10-Q - Q1 2026

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $682.80M+3.2%
    |
    EPS: $0.95+5.6%
    Meet
  • Form 10-K - FY 2025

    Period End: Mar 31, 2025|Filed: May 21, 2025|
    Revenue: $2.58B+7.3%
    |
    EPS: $3.50+13.6%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Dec 31, 2024|Filed: Feb 5, 2025|
    Revenue: $616.80M+9.9%
    |
    EPS: $0.76-10.6%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $658.00M+6.0%
    |
    EPS: $0.88-1.1%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $661.50M+6.3%
    |
    EPS: $0.90+4.7%
    Beat
  • Form 10-K - FY 2024

    Period End: Mar 31, 2024|Filed: May 22, 2024|
    Revenue: $2.41B+4.8%
    |
    EPS: $3.08+5.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Dec 31, 2023|Filed: Jan 31, 2024|
    Revenue: $561.40M+0.3%
    |
    EPS: $0.85+80.9%
    Meet