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MODINE MANUFACTURING CO
CIK 67347Updated Sep 29, 2026
SecurityMOD · NYSE · equity
MOD price & chart
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NYSE:MOD on TradingView ↗About the company
For more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 13,000 employees worldwide, our businesses advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, enable cleaner running vehicles, and use environmentally friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe, and Asia. For more information about Modine, visit www.modine.com.
In the news
Modine to Host First Quarter Fiscal 2026 Earnings Conference Call on July 31, 2025 News provided by Modine Jul 16, 2025, 08:35 ET Share this article Share to X Share this article Share to X RACINE, Wis. , July 16, 2025 /PRNewswire/ -- Modine (NYSE: MOD ), a diversified global leader in thermal manag ↗
Recent filings
425 filing
Regulation FD Disclosure
Items 7.01, 9.01
425 filing
Other Events
Items 8.01, 9.01
144 filing
Show 5 more recent filings
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,674,600,000Source | 1,917,600,000Source | 1,851,500,000Source | 1,565,900,000Source |
| Property, Plant and Equipment, NetUSD | 520,900,000Source | 390,500,000Source | 365,700,000Source | 314,500,000Source |
| GoodwillUSD | 292,100,000Source | 233,900,000Source | 230,900,000Source | 165,600,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 73,500,000Source | 71,600,000Source | 60,100,000Source | 67,100,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 731,000,000Source | 478,900,000Source | 422,900,000Source | 398,000,000Source |
| Inventory, NetUSD | 506,100,000Source | 340,900,000Source | 357,900,000Source | 324,900,000Source |
| Assets, CurrentUSD | 1,416,100,000Source | 961,200,000Source | 894,000,000Source | 846,400,000Source |
| Operating Lease, Right-of-Use AssetUSD | 138,900,000Source | 97,200,000Source | 76,000,000Source | 59,100,000Source |
| Other Assets, NoncurrentUSD | 163,200,000Source | 118,300,000Source | 97,500,000Source | 74,600,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,471,800,000Source | 999,400,000Source | 1,096,000,000Source | 966,300,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 35,600,000Source | 35,300,000Source | 35,000,000Source | 34,600,000Source |
| Additional Paid in CapitalUSD | 336,100,000Source | 310,800,000Source | 283,700,000Source | 270,800,000Source |
| Retained Earnings (Accumulated Deficit)USD | 964,500,000Source | 843,000,000Source | 659,000,000Source | 497,500,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -37,100,000Source | -181,300,000Source | -163,400,000Source | -161,100,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,194,500,000Source | 910,200,000Source | 747,600,000Source | 592,800,000Source |
| Liabilities and EquityUSD | 2,674,600,000Source | 1,917,600,000Source | 1,851,500,000Source | 1,565,900,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 728,900,000Source | 541,000,000Source | 545,800,000Source | 507,100,000Source |
| Operating Lease, Liability, CurrentUSD | 26,300,000Source | 18,000,000Source | 15,300,000Source | 11,800,000Source |
| Accounts Payable, CurrentUSD | 464,800,000Source | 290,800,000Source | 283,400,000Source | 332,800,000Source |
| Operating Lease, Liability, NoncurrentUSD | 117,500,000Source | 80,600,000Source | 62,100,000Source | 48,900,000Source |
| Deferred Income Tax Liabilities, NetUSD | 25,600,000Source | 24,100,000Source | 30,000,000Source | 4,800,000Source |
| Other Liabilities, NoncurrentUSD | 321,000,000Source | 108,200,000Source | 92,600,000Source | 84,900,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 8,300,000Source | 8,000,000Source | 7,900,000Source | 6,800,000Source |
| Additional Financial Items | ||||
| Short-term InvestmentsUSD | — | — | 0Source | 3,500,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 123,300,000Source | 185,500,000Source | 163,400,000Source | 153,600,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 79,700,000Source | 77,700,000Source | 56,100,000Source | 54,500,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 22,100,000Source | 26,400,000Source | 10,800,000Source | 6,600,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 222,600,000Source | 61,200,000Source | 8,300,000Source | 40,700,000Source |
| Increase (Decrease) in InventoriesUSD | 125,100,000Source | -13,600,000Source | 17,300,000Source | 49,400,000Source |
| Increase (Decrease) in Accounts PayableUSD | 151,100,000Source | 10,500,000Source | -59,100,000Source | 10,200,000Source |
| Deferred Income Tax Expense (Benefit)USD | -39,100,000Source | 6,500,000Source | 6,200,000Source | -59,600,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 248,700,000Source | 213,300,000Source | 214,600,000Source | 107,500,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 182,400,000Source | 3,400,000Source | 186,200,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -321,300,000Source | -86,600,000Source | -283,400,000Source | -50,400,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -3,600,000Source | 0Source | 0Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 143,300,000Source | 84,000,000Source | 87,700,000Source | 50,700,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 7,000,000Source | 30,900,000Source | 13,300,000Source | 7,300,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 73,100,000Source | -113,600,000Source | 62,700,000Source | -33,300,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 3,200,000Source | 900,000Source | -1,900,000Source | 1,300,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,800,000Source | 11,600,000Source | -6,900,000Source | 21,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 73,700,000Source | 71,900,000Source | 60,300,000Source | 67,200,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 30,200,000Source | 26,000,000Source | 23,300,000Source | 18,400,000Source |
| Income Taxes Paid, NetUSD | 75,800,000Source | 55,200,000Source | 46,900,000Source | 31,900,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 21,000,000Source | 27,400,000Source | 9,200,000Source | 8,000,000Source |
| DepreciationUSD | 58,700,000Source | 50,300,000Source | 46,900,000Source | 46,500,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -6,700,000Source | -1,200,000Source | -3,000,000Source | -3,700,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | -300,000Source | -100,000Source |
| Gain (Loss) on Disposition of BusinessUSD | -3,900,000Source | 0Source | 4,000,000Source | — |
| Gain (Loss) on Sale of PropertiesUSD | — | — | — | 0Source |
| GoodwillUSD | 292,100,000Source | 233,900,000Source | 230,900,000Source | 165,600,000Source |
| Income Tax Expense (Benefit)USD | 63,200,000Source | 68,500,000Source | 51,200,000Source | -28,300,000Source |
| InterestExpenseNonoperatingUSD | 31,600,000Source | — | — | — |
| Investment Income, InterestUSD | 2,000,000Source | 2,700,000Source | 4,300,000Source | 1,300,000Source |
| Net Income (Loss) Attributable to ParentUSD | 121,500,000Source | 184,000,000Source | 161,500,000Source | 153,100,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,800,000Source | 1,500,000Source | 1,900,000Source | 500,000Source |
| Other Nonoperating Income (Expense)USD | -8,200,000Source | -3,100,000Source | -2,000,000Source | -4,400,000Source |
| Payments of Financing CostsUSD | — | — | — | 600,000Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 3,181,100,000Source | 2,583,500,000Source | 2,407,800,000Source | 2,297,900,000Source |
| Cost of RevenueUSD | 2,450,000,000Source | 1,939,700,000Source | 1,882,200,000Source | 1,908,500,000Source |
| Selling, General and Administrative ExpenseUSD | 360,100,000Source | 332,100,000Source | 273,900,000Source | 234,000,000Source |
| Operating Income (Loss)USD | 342,400,000Source | 283,500,000Source | 240,700,000Source | 150,400,000Source |
| Other Nonoperating Income (Expense)USD | -8,200,000Source | -3,100,000Source | -2,000,000Source | -4,400,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 186,500,000Source | 254,000,000Source | 214,600,000Source | 125,300,000Source |
| Income Tax Expense (Benefit)USD | 63,200,000Source | 68,500,000Source | 51,200,000Source | -28,300,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,800,000Source | 1,500,000Source | 1,900,000Source | 500,000Source |
| Net Income (Loss) Attributable to ParentUSD | 121,500,000Source | 184,000,000Source | 161,500,000Source | 153,100,000Source |
| Earnings Per Share, BasicUSD per share | 2.3Source | 3.5Source | 3.08Source | 2.93Source |
| Earnings Per Share, DilutedUSD per share | 2.26Source | 3.42Source | 3.03Source | 2.9Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 52,800,000Source | 52,600,000Source | 52,400,000Source | 52,300,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 53,800,000Source | 53,900,000Source | 53,400,000Source | 52,800,000Source |
| Interest Expense (non-operating)USD | 31,600,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 21,000,000Source | 27,400,000Source | 9,200,000Source | 8,000,000Source |
| Current Income Tax Expense (Benefit)USD | 102,300,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -6,700,000Source | -1,200,000Source | -3,000,000Source | -3,700,000Source |
| Gross ProfitUSD | 731,100,000Source | 643,800,000Source | 525,600,000Source | 389,400,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -51,300,000Source | 41,700,000Source | 37,200,000Source | 12,500,000Source |
| Interest ExpenseUSD | — | 26,400,000Source | 24,100,000Source | 20,700,000Source |
| Investment Income, InterestUSD | 2,000,000Source | 2,700,000Source | 4,300,000Source | 1,300,000Source |
| Research and Development ExpenseUSD | 29,300,000Source | 34,900,000Source | 42,000,000Source | 44,000,000Source |
Filing attachments
tm2625565d2_ex99-1.htm · 425 · 2026-09-17
EX-99.1 2 tm2625565d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Gentherm and Modine Manufacturing Company Announce Additional Information in Connection with Proposed Combination of Gentherm and Modine’s Performance Technologies Business Modine sets record date for spin-off of Performance Technologies Gentherm declares special cash dividend payable following completion of the transaction and conditioned on closing NOVI, Mich., & RACINE, Wis., September 17, 2026 -- Gentherm (NASDAQ: THRM) (“Ge…
Read attachment ↗tm2625565d1_ex99-1.htm · 8-K · 2026-09-17
EX-99.1 2 tm2625565d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Gentherm and Modine Manufacturing Company Announce Additional Information in Connection with Proposed Combination of Gentherm and Modine’s Performance Technologies Business Modine sets record date for spin-off of Performance Technologies Gentherm declares special cash dividend payable following completion of the transaction and conditioned on closing NOVI, Mich., & RACINE, Wis., September 17, 2026 -- Gentherm (NASDAQ: THRM) (“Ge…
Read attachment ↗tm2625001d2_ex99-1.htm · 425 · 2026-09-10
EX-99.1 2 tm2625001d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Modine to Become Modexus Solutions, Marking Next Chapter as Diversified Thermal Management Solutions Company RACINE, Wis. - September 10, 2026 - Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that it will become Modexus Solutions after completing the spinoff of its Performance Technologies business and merger with Gentherm. Under applicable law, the name change will b…
Read attachment ↗tm2625001d1_ex99-1.htm · 8-K · 2026-09-10
EX-99.1 2 tm2625001d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Modine to Become Modexus Solutions, Marking Next Chapter as Diversified Thermal Management Solutions Company RACINE, Wis. - September 10, 2026 - Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that it will become Modexus Solutions after completing the spinoff of its Performance Technologies business and merger with Gentherm. Under applicable law, the name change will b…
Read attachment ↗mod-20260729xex99d1.htm · 8-K · 2026-07-29
EX-99.1 2 mod-20260729xex99d1.htm EX-99.1 Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Modine Reports First Quarter Fiscal 2027 Results Continued strength in core growth engines supports reaffirmed Fiscal 2027 outlook Racine, WI - July 29, 2026 - Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended June 30, 2026. First Quarter Highlights: Net sales of $874.1 million increased $191.3 …
Read attachment ↗mod-20260729xex99d2.htm · 8-K · 2026-07-29
EX-99.2 3 mod-20260729xex99d2.htm EX-99.2 Exhibit 99.2 First Quarter Fiscal 2027 July 30, 2026 ───────────────── NEIL BRINKER President and Chief Executive Officer MICK LUCARELI Executive Vice President and Chief Financial Officer KATHY POWERS Vice President, Treasurer, and Investor Relations 2 Forward-Looking Statements 3 This presentation contains statements, including information about future financial performance and market conditions, accompanied by phrases…
Read attachment ↗