
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
Market Cap
$7.21B
P/E (TTM)
38.7
30.8
Dividend Yield
--
52W High
$166.94
52W Low
$64.79
52W Range
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)
LEA$22.99B
BWA$14.18B
$8.54B
Gross Margin (Latest Quarter)
44.4%
35.7%
GNTX34.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BWA | $10.21B | 76.2 | 2.3% | 28.0% |
| MOD | $7.21B | 38.7 | 19.4% | 24.4% |
| LEA | $6.44B | 14.6 | 9.2% | 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%MissForm 10-Q - Q1 2026
Period End: Jun 30, 2025|Filed: Jul 31, 2025|Revenue: $682.80M+3.2%|EPS: $0.95+5.6%MeetForm 10-K - FY 2025
Period End: Mar 31, 2025|Filed: May 21, 2025|Revenue: $2.58B+7.3%|EPS: $3.50+13.6%BeatForm 10-Q - Q3 2025
Period End: Dec 31, 2024|Filed: Feb 5, 2025|Revenue: $616.80M+9.9%|EPS: $0.76-10.6%MissForm 10-Q - Q2 2025
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $658.00M+6.0%|EPS: $0.88-1.1%MissForm 10-Q - Q1 2025
Period End: Jun 30, 2024|Filed: Jul 31, 2024|Revenue: $661.50M+6.3%|EPS: $0.90+4.7%BeatForm 10-K - FY 2024
Period End: Mar 31, 2024|Filed: May 22, 2024|Revenue: $2.41B+4.8%|EPS: $3.08+5.1%BeatForm 10-Q - Q3 2024
Period End: Dec 31, 2023|Filed: Jan 31, 2024|Revenue: $561.40M+0.3%|EPS: $0.85+80.9%Meet