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MOD Modine Manufacturing

Modine, with fiscal 2020 revenues of $2.0 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling components, original equipment products, and systems to diversified global markets through its four complementary segments: CIS; BHVAC; HDE; and Automotive. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia.

Company profile

Ticker
MOD
Exchange
Website
CEO
Thomas Burke
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
390482000

MOD stock data

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)

Calendar

27 May 21
31 Jul 21
31 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.1M 46.1M 46.1M 46.1M 46.1M 46.1M
Cash burn (monthly) 10.77M 2.1M 4.77M 8.14M (positive/no burn) (positive/no burn)
Cash used (since last report) 43.25M 8.44M 19.15M 32.7M n/a n/a
Cash remaining 2.85M 37.66M 26.95M 13.4M n/a n/a
Runway (months of cash) 0.3 17.9 5.7 1.6 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 21 Ashleman Eric D Common stock Grant Aquire A No No 0 8,160 0 40,772
22 Jul 21 David G Bills Common stock Grant Aquire A No No 0 8,160 0 73,692
22 Jul 21 Garimella Suresh V Common stock Grant Aquire A No No 0 8,160 0 80,907
22 Jul 21 Cooley Charles P Common stock Grant Aquire A No No 0 8,160 0 112,093
22 Jul 21 Moore Larry Oscar Common stock Grant Aquire A No No 0 8,160 0 81,533

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 138 148 -6.8%
Opened positions 12 40 -70.0%
Closed positions 22 10 +120.0%
Increased positions 50 43 +16.3%
Reduced positions 54 50 +8.0%
13F shares
Current Prev Q Change
Total value 16.76B 11.36B +47.6%
Total shares 48.05M 46.98M +2.3%
Total puts 961.8K 146.3K +557.4%
Total calls 4.6K 66.8K -93.1%
Total put/call ratio 209.1 2.2 +9446.8%
Largest owners
Shares Value Change
BLK Blackrock 4.14M $61.19M +5.6%
Dimensional Fund Advisors 4M $59.04M -1.3%
Frontier Capital Management 3.03M $38.05M 0.0%
GBL Gamco Investors 2.7M $39.9M -2.8%
Vanguard 2.58M $38.08M -0.4%
Frontier Capital Management 2.4M $35.48M -20.7%
Royce & Associates 1.94M $28.69M +28.6%
LSV Asset Management 1.73M $25.56M +11.4%
STT State Street 1.33M $19.65M +5.4%
Parametric Portfolio Associates 1.08M $16.02M -25.0%
Largest transactions
Shares Bought/sold Change
D.C. Capital Advisors 0 -888.86K EXIT
Voya Investment Management 750.02K +728.89K +3450.4%
Frontier Capital Management 2.4M -627.03K -20.7%
Millennium Management 280.99K -572.38K -67.1%
HCSF Management 500K +500K NEW
IVZ Invesco 843.77K +469.26K +125.3%
Royce & Associates 1.94M +432.33K +28.6%
Nuveen Asset Management 692.51K +392.71K +131.0%
Parametric Portfolio Associates 1.08M -361.88K -25.0%
Phocas Financial 342.19K +342.19K NEW

Financial report summary

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Management Discussion
  • Fiscal 2021 net sales decreased $167 million, or 8 percent, from the prior year, primarily due to lower sales in our CIS, HDE, and Automotive segments, partially offset by higher sales in our BHVAC segment.  Foreign currency exchange rate changes favorably impacted sales in fiscal 2021 by $28 million.  Cost of sales decreased $153 million, or 9 percent, from last year, primarily due to lower sales volume.  Gross profit decreased $14 million and gross margin improved 60 basis points to 16.2 percent.  SG&A expenses decreased $39 million, primarily due to lower costs associated with our review of strategic alternatives for our Automotive segment businesses and preparing the liquid- and air-cooled automotive businesses for sale.  In addition, SG&A expenses decreased due to cost-reduction initiatives implemented early in the fiscal year in response to the negative impacts of COVID-19.  The operating loss of $98 million during fiscal 2021 represents a $136 million decline from the prior-year operating income of $38 million and was primarily due to $167 million of impairment charges recorded primarily for assets of the liquid- and air-cooled automotive businesses, partially offset by lower SG&A expenses.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
8th grade Avg
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