Modine announces $100M share repurchase program

MODINE MANUFACTURING CO

Board authorized up to $100M in common stock repurchases, effective immediately with no expiration.
Repurchases may be made on open market, privately, or via 10b5-1 plans under Rule 10b-18.
Company is not obligated to repurchase any specific number of shares; program can be suspended or modified at any time.
CEO says program reflects confidence in business and commitment to financial targets while preserving balance sheet flexibility.

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