Modine Manufacturing (MOD)

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

NYSE

Website

www.modine.com

CEO

Thomas Burke

Incorporated

Wisconsin

Location

Wisconsin

Fiscal year end

Mar 31

Sector

Manufacturing > Motor Vehicle Gasoline Engine and Engine Parts Manufacturing

Industry (SIC)

Motor Vehicle Parts & Accessories

Icahn Enterprises • Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • BorgWarner • Dana • Allison Transmission ...

SEC CIK

0000067347

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

MDA US LLC • Modine, Inc. • Modine ECD, Inc. • Modine Jackson, Inc. • Modine Thermal Systems Korea, LLC • Modine Thermal Systems (Changzhou) Company Ltd. • Modine Thermal Systems (Shanghai) Company Ltd. • Modine Manufacturing (Canada) Ltd. • Modine Thermal Systems Private Limited • Luvata India Private Ltd. ...

IRS number

390482000

MOD stock data

1M 1Y 5Y

News

From Benzinga Pro

Modine Manufacturing Records Street-Beating Q1 Earnings

4 Aug 22

Modine Manufacturing Q1 EPS $0.32 Beats $0.12 Estimate, Sales $541.00M Beat $490.74M Estimate

3 Aug 22

Modine Manufacturing (NYSE:MOD) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.12 by 166.67 percent. This is a 60 percent increase over earnings of $0.20 per share from the

Earnings Scheduled For August 3, 2022

3 Aug 22

Companies Reporting Before The Bell • Fresh Del Monte Produce (NYSE:FDP) is likely to report quarterly earnings at $0.79 per share on revenue of $1.15 billion.

Modine Manufacturing Commences Chiller Production In Virginia

15 Jul 22

Modine Highlights Investor Day Guidance Including 2024 Revenue CAGR Of 6-8% And 2027 Revenue CAGR Of 8-10%

22 Jun 22

Press releases

From Benzinga Pro

Modine Reports First Quarter Fiscal 2023 Results

3 Aug 22

Strategic transformation well underway, unlocking value through 80/20 initiatives and driving growth and margin expansion RACINE, Wis., Aug. 3, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE:MOD), a diversified

MODINE LAUNCHES CAMPAIGN TO IMPROVE IAQ IN K-12 SCHOOLS

28 Jul 22

Leading HVAC manufacturer develops action plan to minimize airborne pathogens in learning facilities RACINE, Wis., July 28, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE:MOD), a leader in technology in the HVAC

Modine to Host First Quarter Fiscal 2023 Earnings Conference Call on August 4, 2022

21 Jul 22

RACINE, Wis., July 21, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and

Modine Launches US Chiller Production with Corscale Data Centers

15 Jul 22

MODINE PARTNERS WITH TEXAS AIRSYSTEMS TO EXPAND ACCESS TO AIREDALE PRODUCT LINE

14 Jul 22

Calendar

4 Aug 22

9 Aug 22

31 Mar 23

Financial summary

Financial statements Chart MOD financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 22	Mar 21	Mar 20	Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	58.9M	58.9M	58.9M	58.9M	58.9M	58.9M
Cash burn (monthly)	(no burn)	116.67K	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	156.49K	n/a	n/a	n/a	n/a
Cash remaining	n/a	58.74M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	503.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

MOD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
21 Jul 22	Ashleman Eric D	Common stock	Grant	Acquire A	No	No	10,682	51,454
21 Jul 22	Moore Larry Oscar	Common stock	Grant	Acquire A	No	No	10,682	92,215
21 Jul 22	Katherine Carolyn Harper	Common stock	Grant	Acquire A	No	No	10,682	10,682
21 Jul 22	Garimella Suresh V	Common stock	Grant	Acquire A	No	No	10,682	91,589
21 Jul 22	Patterson Christopher William	Common stock	Grant	Acquire A	No	No	10,682	114,315

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MOD institutional ownership history Ownership history

94.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	145	143	+1.4%
Opened positions	23	19	+21.1%
Closed positions	21	22	-4.5%
Increased positions	52	59	-11.9%
Reduced positions	48	43	+11.6%

13F shares	Current	Prev Q	Change
Total value	443.66M	724.51M	-38.8%
Total shares	48.83M	49.16M	-0.7%
Total puts	0	600	EXIT
Total calls	172.7K	66.3K	+160.5%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
BLK Blackrock	4.07M	$36.64M	+3.7%
Frontier Capital Management	3.48M	$35.13M	0.0%
Dimensional Fund Advisors	3.46M	$31.18M	-0.5%
Frontier Capital Management	3.45M	$31.06M	-1.0%
GBL Gamco Investors	3.25M	$29.29M	+5.6%
Vanguard	3.01M	$27.11M	+4.4%
Paradigm Capital Management	2M	$18.03M	+3.8%
Royce & Associates	1.98M	$17.83M	+6.2%
Segall Bryant & Hamill	1.88M	$16.93M	+1.6%
LSV Asset Management	1.52M	$13.68M	-2.0%

Largest transactions	Shares	Bought/sold	Change
Arrowstreet Capital, Limited Partnership	0	-504.03K	EXIT
Roubaix Capital	0	-442.06K	EXIT
Russell Investments	320.69K	-436.44K	-57.6%
Voya Investment Management	966.25K	+221.72K	+29.8%
Millennium Management	159.74K	-172.16K	-51.9%
GBL Gamco Investors	3.25M	+171.85K	+5.6%
Monarch Partners Asset Management	163.62K	+163.62K	NEW
NTRS Northern Trust	540.11K	-152.64K	-22.0%
BLK Blackrock	4.07M	+144.77K	+3.7%
Thrivent Financial For Lutherans	141.68K	+141.68K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: acquired, addressing, array, Austria, Austrian, battery, began, climate, coating, commission, complimentary, comprised, conditioner, conflict, cooling, corrosion, dry, engine, enhance, exhaust, fan, fuel, gas, handler, horizontal, hybrid, make, military, oil, optimize, power, pressure, recirculation, refrigeration, relief, remove, residential, room, Russia, simplified, stationary, stringent, system, thermal, Ukraine, vertical, warming, wide, wrote

Removed: accelerate, adjustment, America, amortized, announced, approach, Asia, assessment, assumed, August, Brexit, broadly, ceased, continually, continuing, criteria, Dana, discount, disposal, disposed, disposition, diversification, EURIBOR, euro, exclude, face, finalized, Germany, Guadalajara, identify, impaired, implementation, instability, Interbank, involved, largely, length, LIBOR, liquid, managed, modify, North, organizational, reduced, reduction, retaliatory, returned, separation, Spain, strategy, team, transition, trust, uncertainty, unfavorably, ventilation, withdrew

From filing 10-Q 2023 Q1

Financial reports

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