Modine Announces $100 Million Share Repurchase Program

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]