Modine Manufacturing Company (MOD) FY Conference May 08, 2025 12:45 PM ET Speaker0 Well, good afternoon, everyone, and welcome back to day four of Oppenheimer's twentieth Annual Industrial Growth Conference. I'm Noah Kaye, Managing Director and Equity Research here at OpCo. We're very happy to welcome back the management team of Modine to our conference. Neil Brinker, president CEO, Mick Lucarelli, CFO, Kathy Powers, VP of IR. Thank you all for being here, and looking forward to a great discussion. Well, go ...

RACINE, Wis., May 7, 2025 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its fourth quarter and fiscal year 2025 financial results for the period ended March 31, 2025, on Wednesday, May 21, 2025, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Results are scheduled to be released after the market closes on Tuesday, May 20, 2025.During the call, Modine President an ...

After years of focusing on industrial markets, Modine Manufacturing Co. (NYSE: MOD ) has made a strategic transformation and provides itself today as a pivotal player in the AI revolution. My thesis revolves around the strategic transformation of Modine's company towards theI am a dedicated investor and financial analyst with a deep passion for uncovering undervalued opportunities in the stock market. With years of experience in equity research and fundamental analysis, I specialize in identifying companies ...

Company Performance - Modine's stock closed at $80.57, reflecting a -0.69% change from the previous day, underperforming the S&P 500's gain of 0.06% [1] - Over the past month, Modine's shares have increased by 2.37%, while the Auto-Tires-Trucks sector and the S&P 500 have decreased by 3.23% and 4.29%, respectively [1] Upcoming Earnings - Modine's projected earnings per share (EPS) for the upcoming quarter is $0.96, indicating a 24.68% increase year-over-year [2] - The consensus estimate for quarterly revenue is $629.47 million, which represents a 4.3% increase from the same period last year [2] Analyst Projections - Recent shifts in analyst projections for Modine should be monitored, as positive estimate revisions are seen as favorable for the company's business outlook [3] Valuation Metrics - Modine's Forward P/E ratio is currently 17.63, which is higher than the industry average of 10.43 [6] - The company has a PEG ratio of 0.52, compared to the Automotive - Original Equipment industry's average PEG ratio of 0.81 [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 181, placing it in the bottom 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Performance - Modine's stock closed at $77.41, reflecting a gain of +0.99% from the previous trading session, outperforming the S&P 500's gain of 0.79% [1] - Over the last month, Modine's shares have decreased by 10.27%, underperforming the Auto-Tires-Trucks sector's loss of 1.73% and the S&P 500's loss of 3.56% [1] Upcoming Earnings - Analysts expect Modine to report earnings of $0.96 per share, indicating a year-over-year growth of 24.68% [2] - The consensus estimate for revenue is $629.47 million, representing a 4.3% increase compared to the same quarter of the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Modine reflect evolving short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Consensus EPS estimate has seen a 2.71% decrease over the last 30 days, and Modine currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Modine has a Forward P/E ratio of 16.66, which is a premium compared to the industry average Forward P/E of 9.39 [6] - The PEG ratio for Modine is 0.49, while the industry average PEG ratio is 0.68 [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 181, placing it in the bottom 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Insights - Glow Lifetech Corp is expanding its production capacity by acquiring a new automated bottling line, which will triple its production capacity to meet the growing demand for its MOD™ product portfolio in Canada [1][2][3] - The company has achieved significant retail growth, with its products now available in over 850 cannabis retail stores across Ontario, marking a 30% increase from Q4 2024 [4] - Glow's MOD™ THC 1000 has become the 2 ranked SKU in Ontario's oils category, reinforcing the brand's market leadership and consumer appeal [5][6] Production and Efficiency - The new automated bottling system enhances production output while reducing labor costs, aligning with the company's high-margin, scalable business model [2] - This investment in automation is expected to improve efficiency and profitability as the company scales production to meet rising demand [3] Market Presence and Growth Potential - Glow's retail footprint has expanded aggressively, with significant room for further growth as it deepens relationships with retailers and explores new provinces [4][8] - The company is positioned for continued growth, with a solid foundation in production infrastructure and increasing market share [6][8]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Modine (MOD) .Modine currently has an average brokerage recommend ...

Acquisition provides direct-fired industrial heating, ventilation, and make-up air systems that complement Modine's existing Heating and Indoor Air Quality businesses RACINE, Wis., March 11, 2025 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in innovative thermal management technology and solutions, announced today that it had entered into a definitive agreement to acquire AbsolutAire, a manufacturer of direct-fired heating, ventilation, and make-up air systems. Modine expects the transac ...

Core Viewpoint - Modine Manufacturing is taking strategic steps to enhance its growth potential, including a $100 million stock buyback and expansion of its coolant distribution units (CDUs) to meet rising demand from data centers [1][3][19]. Group 1: Growth Initiatives - The company is experiencing significant growth in its climate solutions segment, particularly in the data center business, which saw a 176% increase in revenues in Q3 of fiscal 2025 [3]. - Modine secured $180 million in orders for its Airedale by Modine brand data center cooling systems from a leading AI infrastructure developer, with deliveries expected throughout 2025 and the first half of 2026 [4]. - The establishment of a new manufacturing facility in India is aimed at supporting data center cooling and power generation needs in the region [5]. - The HVAC & Refrigeration products segment achieved a 15% growth in Q3, driven by sales from the Scott Springfield acquisition [5]. Group 2: Financial Performance - Modine's adjusted EBITDA margin improved by 200 basis points in Q3, benefiting from a favorable sales mix in its Climate Solutions segment [6]. - For fiscal 2025, the company anticipates net sales between $2.55 billion and $2.67 billion, indicating a year-over-year growth of 6% to 11% [14]. - Adjusted EBITDA is expected to range from $375 million to $395 million, reflecting a growth of 19% to 26% year-over-year [14]. - The company forecasts a 110-120% growth in its data center segment for fiscal 2025 [15]. Group 3: Challenges - Modine is facing challenges in its Performance Technologies segment due to weaknesses in the automotive and commercial vehicle markets, impacting sales in liquid and air-cooled applications [7]. - Advanced solutions sales declined by 7% in Q3, attributed to supply chain issues affecting major North American bus customers [8]. Group 4: Stock Performance and Valuation - Modine shares have decreased by 25.2% over the past six months, underperforming both the Zacks Auto, Tires and Trucks sector and the broader S&P 500 index [9][10]. - The stock is currently trading at a forward 12-month price/earnings ratio of 17.26x, lower than its median of 28.43x and the sector's 20.13x, indicating it may be undervalued [12]. - The Zacks Consensus Estimate for Modine's fiscal 2025 EPS is currently $3.88, reflecting a slight increase over the past month [16].

Core Viewpoint - Modine has authorized a share repurchase program of up to $100 million, reflecting the company's confidence in its long-term strategy and commitment to shareholder value [1][2][3] Company Overview - Modine is a global leader in thermal management technology with over 100 years of experience, focusing on improving air quality and conserving natural resources [4] - The company operates in North America, South America, Europe, and Asia, employing more than 11,000 people [4] Share Repurchase Program - The share repurchase program allows Modine to buy back shares at its discretion, based on various factors such as capital needs, share price, and market conditions [2][3] - The program is seen as a demonstration of the company's confidence in its business strength and financial targets [3] Financial Strategy - Modine emphasizes a disciplined capital allocation methodology and an 80/20 focus to maintain a strong balance sheet while returning capital to shareholders [3]