MOD Modine Manufacturing Co.
Modine Manufacturing Co. engages in provision of thermal management solutions. It operates through the following segments: Vehicular Thermal Solutions (VST), Commercial and Industrial Solutions (CIS), and Building HVAC Systems (BHVAC). The VTS segment provides engineered heat transfer systems and components for use in on- and off-highway original equipment. The CIS segment offers thermal management products including customized coils and coolers. The BHVAC segment includes heating, ventilating, and air conditioning products, primarily for commercial buildings and related applications. The company was founded by Arthur B. Modine on June 23, 1916 and is headquartered in Racine, WI.
Company profile
Ticker
MOD
Exchange
Website
CEO
Thomas Andrew Burke
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Magna International • Icahn Enterprises • Aptiv • Dana • BorgWarner • Garrett Motion • Delphi Technologies • Cooper-Standard • Tenneco • Lear ...
SEC CIK
Corporate docs
IRS number
390482000
MOD stock data
()
Calendar
29 May 20
2 Jul 20
31 Mar 21
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 472.9M | 473.4M | 500.2M | 529M | |
| Net income | -6.4M | 1M | -4.8M | 8.2M | |
| Diluted EPS | -0.13 | 0.02 | -0.09 | 0.16 | |
| Net profit margin | -1.35% | 0.21% | -0.96% | 1.55% | |
| Operating income | 5.6M | 8.2M | 6M | 18.1M | |
| Net change in cash | 34.7M | 3.9M | 3.2M | -12.6M | |
| Cash on hand | 70.9M | 36.2M | 32.3M | 29.1M | |
| Cost of revenue | 398M | 399.9M | 424.5M | 445.6M |
| Annual (USD) | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|
| Revenue | 1.98B | 2.21B | 2.1B | 1.5B | |
| Net income | -2M | 85.9M | 23.8M | 14.9M | |
| Diluted EPS | -0.04 | 1.65 | 0.43 | 0.29 | |
| Net profit margin | -0.10% | 3.88% | 1.13% | 0.99% | |
| Operating income | 37.9M | 109.7M | 92.2M | 42.3M | |
| Net change in cash | 29.2M | 2.4M | 5.1M | -34.7M | |
| Cash on hand | 70.9M | 41.7M | 39.3M | 34.2M | |
| Cost of revenue | 1.67B | 1.85B | 1.75B | 1.25B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 5 Jun 20 | Bowser Scott L | Common stock | Payment of exercise | Dispose F | 6.49 | 3,896 | 25.29K | 179,194 |
| 5 Jun 20 | Agen Brian Jon | Common stock | Payment of exercise | Dispose F | 6.49 | 3,363 | 21.83K | 51,969 |
| 5 Jun 20 | McBurney Matthew J | Common stock | Payment of exercise | Dispose F | 6.49 | 1,814 | 11.77K | 55,398 |
| 5 Jun 20 | Lucareli Michael B | Common stock | Payment of exercise | Dispose F | 6.49 | 6,619 | 42.96K | 193,167 |
| 5 Jun 20 | Casterton Joel Thomas | Common stock | Payment of exercise | Dispose F | 6.49 | 489 | 3.17K | 24,226 |
Institutional ownership Q1 2020
85.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 140 |
| Opened positions | 22 |
| Closed positions | 25 |
| Increased positions | 52 |
| Reduced positions | 50 |
13F shares |
Current |
|---|---|
| Total value | 3.16B |
| Total shares | 43.33M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Dimensional Fund Advisors | 4.27M | $13.87M |
| BLK BlackRock | 3.75M | $12.2M |
| Frontier Capital Management | 3.74M | $12.17M |
| Vanguard | 3.41M | $11.07M |
| Parametric Portfolio Associates | 1.96M | $6.37M |
| LSV Asset Management | 1.58M | $5.13M |
| GBL Gamco Investors, Inc. Et Al | 1.44M | $4.69M |
| Wedge Capital Management L L P | 1.36M | $4.42M |
| Royce & Associates | 1.05M | $3.41M |
| STT State Street | 1.04M | $3.38M |
Content analysis
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| Readability |
8th grade Avg
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New words:
accuracy, ADP, alter, Asian, border, brought, Chinese, chose, clarity, cleansing, cloud, CODM, colocation, communicated, communicating, communication, conserve, cooler, cured, default, Delinquent, derecognized, detrimental, digital, disbursement, disease, distancing, embedded, empowered, eventual, exponentially, fixed, forced, formatted, friendly, greatly, Greenheck, home, hygiene, implicit, incapacitated, inception, inflationary, inline, instance, Interactive, judgement, lack, Lastly, leasehold, Letter, Linkbase, lull, modification, modified, modify, necessitate, occurrence, open, outbreak, overcome, pandemic, panel, paramount, paused, persuade, physical, physically, possession, quantify, removing, reopened, repay, repurchase, residual, resume, rotating, ROU, run, salability, sanitizing, Schema, shortened, solicited, spent, splitting, spread, staffing, strain, Taxonomy, team, tight, training, travel, uncommitted, unprecedented, unpredictable, unsolicited, unusual, Valent, waived, wellbeing, widespread, XBRL
Removed:
allocated, AtherionTM, characterized, cohesive, coupled, culture, daily, deductible, denomination, density, downturn, EffinityTM, eliminated, enabled, encountered, favorably, forma, formed, grid, grounded, harmful, heater, heavily, housing, illustrative, industrialization, intent, introduction, Iowa, Japan, lagged, maturing, measure, operated, pertinent, positive, preferred, pro, professional, profile, pump, refine, reversal, SchoolMate, shareowner, shown, side, stream, traffic, unique, utility, Washington, winter, Yangzhou
Financial reports
10-K
2020 FY
Annual report
29 May 20
10-Q
2020 Q3
Quarterly report
5 Feb 20
10-Q
2020 Q2
Quarterly report
8 Nov 19
10-Q
2020 Q1
Quarterly report
1 Aug 19
10-K
2019 FY
Annual report
23 May 19
10-Q
2019 Q3
Quarterly report
1 Feb 19
10-Q
2019 Q2
Quarterly report
31 Oct 18
10-Q
2019 Q1
Quarterly report
2 Aug 18
10-K
2018 FY
Annual report
24 May 18
10-Q
2018 Q3
Quarterly report
31 Jan 18
Current reports
8-K
Amendments to Articles of Incorporation or Bylaws
18 Jun 20
8-K
Modine Reports Fourth Quarter and Full Year Fiscal 2020 Results
28 May 20
8-K
Entry into a Material Definitive Agreement
21 May 20
8-K
Other Events
15 May 20
8-K
Modine Reports Third Quarter Fiscal 2020 Results
4 Feb 20
8-K
Modine Reports Second Quarter Fiscal 2020 Results
7 Nov 19
8-K
Amendments to Articles of Incorporation or Bylaws
29 Oct 19
8-K
Departure of Directors or Certain Officers
26 Sep 19
8-K
Modine Reports First Quarter Fiscal 2020 Results
31 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
29 Jul 19
Registration and prospectus
15-15D
Suspension of duty to report
2 Mar 18
15-15D
Suspension of duty to report
2 Mar 18
15-15D
Suspension of duty to report
2 Mar 18
15-15D
Suspension of duty to report
2 Mar 18
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Mar 18
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Mar 18
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Mar 18
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Mar 18
S-8
Registration of securities for employees
2 Nov 17
424B5
Prospectus supplement for primary offering
9 Aug 17
Proxies
DEF 14A
Definitive proxy
23 Jun 20
DEF 14A
Definitive proxy
25 Jun 19
DEF 14A
Definitive proxy
19 Jun 18
DEFA14A
Additional proxy soliciting materials
22 Jun 17
DEF 14A
Definitive proxy
20 Jun 17
DEF 14A
Definitive proxy
21 Jun 16
DEF 14A
Definitive proxy
23 Jun 15
DEF 14A
Definitive proxy
17 Jun 14
DEF 14A
Definitive proxy
19 Jun 13
DEF 14A
Definitive proxy
28 Jun 12
Other
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
2 Oct 19
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
EFFECT
Notice of effectiveness
26 Jun 17
CORRESP
Correspondence with SEC
22 Jun 17
UPLOAD
Letter from SEC
21 Jun 17
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
SD
Conflict minerals disclosure
29 May 15
Ownership
4
MODINE MANUFACTURING / Scott Arlan Miller ownership change
9 Jun 20
4
MODINE MANUFACTURING / Matthew J McBurney ownership change
9 Jun 20
4
MODINE MANUFACTURING / Michael B Lucareli ownership change
9 Jun 20
4
MODINE MANUFACTURING / Joel Thomas Casterton ownership change
9 Jun 20
4
MODINE MANUFACTURING / THOMAS ANDREW BURKE ownership change
9 Jun 20
4
MODINE MANUFACTURING / Scott L Bowser ownership change
9 Jun 20
4
MODINE MANUFACTURING / Brian Jon Agen ownership change
9 Jun 20
4/A
MODINE MANUFACTURING / Scott Arlan Miller ownership change
5 Jun 20
4/A
MODINE MANUFACTURING / Matthew J McBurney ownership change
5 Jun 20
4/A
MODINE MANUFACTURING / Michael B Lucareli ownership change
5 Jun 20
Patents
GRANT
Utility
Heat exchanger
30 Jun 20
A heat exchanger that includes first and second headers, a first flow conduit fluidly connecting the first and second headers to allow for a flow of a first fluid through the heat exchanger, the first flow conduit being bounded by a first generally planar wall section extending between the first and second headers, a second flow conduit to allow for a flow of the second fluid through the heat exchanger, the second flow conduit being bounded by a second generally planar wall section spaced apart from the first generally planar wall section to define a gap therebetween, and a thermally conductive structure arranged within the gap and joined to the first and second generally planar wall sections to transfer heat therebetween.
GRANT
Utility
Heat exchanger and method of cooling a flow of heated air
23 Jun 20
A heat exchanger is constructed from a plurality of plate pairs stacked to form air flow passages between adjacent ones of the plurality of plate pairs and cooling fluid flow paths within each of the plurality of plate pairs.
GRANT
Utility
System and method for recovering waste heat
26 May 20
A power generation system having a combustion engine with a Rankine bottoming cycle, the system including a first flow path for a process fluid and a second flow path for a working fluid, and a heat exchanger arranged along both the first and the second flow paths to transfer waste heat from the process fluid to the working fluid.
GRANT
Utility
Thermal management unit for vehicle powertrain
14 Apr 20
A thermal management unit for a vehicle powertrain includes an integrated oil heater, a control valve, and a pressure relief valve.
GRANT
Utility
Heat exchanger for cooling a flow of compressed air using a liquid coolant
14 Apr 20
A heat exchanger for cooling a flow of compressed air using a liquid coolant includes a stack of coolant flow plates extending in a stacking direction.