Highest-materiality recent filing
Modine-Gentherm deal: Oct 1 closing expected, exchange ratio up, special dividend set
Modine sets Sept 28, 2026 record date for SpinCo spin-off; distribution expected Oct 1, 2026.
Modine to become Modexus Solutions after Gentherm merger; close expected Oct 1, 2026
Name change to Modexus Solutions follows spinoff of Performance Technologies and merger with Gentherm.
Modine shareholders elect three directors, approve say-on-pay and KPMG ratification
Eric D. Ashleman elected with 41.25M for; Alan S. Lowe 41.23M for; Marsha C. Williams 38.97M for.
Modine Q1 FY2027 revenue up 28% to $874M; Data Centers sales surge 90%
Net earnings of $74.3M (+44% YoY); adjusted EPS $1.53 vs $1.06 prior year.
Effective April 1, 2026, Modine split Climate Solutions into Data Centers and Commercial HVAC segments; now reports three segments.
Modine reports record Q4 revenue, adjusted EPS; FY2027 EBITDA guidance $650-680M
Q4 net sales $954.4M (+47% YoY), record quarterly; adjusted EPS $1.71 (+53% YoY).
Modine amends credit agreement to enable spin-off of Performance Technologies
Amendment permits separation, disposition and spin-off of Performance Technologies business (PT Transaction) per Jan 29, 2026 merger agreement.
Modine furnishes investor presentation; specific content not disclosed in filing
Investor presentation dated February 2026 made available for investor meetings.
Modine Q3 adj. EPS $1.19 tops $0.92 YoY; raises FY2026 EBITDA view to $455-475M
Net sales $805.0M (+31% YoY); adj. EPS $1.19 vs $0.92; GAAP net loss $46.8M on $116.1M pension charge.
Modine shareholders to own ~40% of combined Gentherm; Modine receives $210M cash.
Modine increases revolving credit facility by $150M to $550M
Amendment to Sixth Amended and Restated Credit Agreement dated Dec 23, 2025.
Eric S. McGinnis, President - Climate Solutions, will retire effective June 30, 2026, and continue in his role until then.
Director Christopher W. Patterson to retire from Modine board effective Nov 17, 2025
Christopher W. Patterson notified Modine of his retirement for personal reasons, effective November 17, 2025.
Modine Q2 adj EPS $1.06 (+9% YoY) on $738.9M revenue (+12%); raises FY revenue outlook to +15-20%
Net sales $738.9M (+12% YoY); adj EPS $1.06 (+9% YoY) vs $0.97; GAAP EPS $0.83 (down 3%).
Modine Q2 sales +12% to $738.9M, adjusted EPS $1.06, raises FY revenue guidance
Net sales $738.9M (+12% YoY); net earnings $44.8M (-3%); EPS $0.83; adjusted EPS $1.06 (+9%).
Modine shareholders elect four directors, approve say-on-pay, ratify KPMG
Elected Neil D. Brinker, Katherine C. Harper, David J. Wilson, and Mark Bendza as directors until 2028.
Modine Q1 sales up 3% to $682.8M; raises FY2026 guidance on data center growth
Q1 net sales $682.8M (+3% YoY); adjusted EPS $1.06 (+2% YoY).
Modine appoints Alan Lowe, former Lumentum CEO, to board effective July 18, 2025
Alan Lowe appointed to Modine Board of Directors effective July 18, 2025.
$400M revolver and $200M term loan; maturity extended to July 2030 (from Oct 2027).
Modine completes ~$65M acquisition of Climate by Design International, realigns segments
~$65M cash purchase of desiccant-based dehumidification and air handling firm; expected FY26 revenue $45M.
Modine acquires L.B. White for ~$112M; deal accretive, expected close May 31
Purchase price ~$112M; EV/TTM EBITDA multiple below 10x; TTM revenue $73.5M.
Modine Q4 FY2025: EPS $0.92 (+92% YoY), record adj. EBITDA; FY2026 outlook $420-450M
Q4 net sales $647.2M (+7% YoY); net earnings $50.1M (+92%); EPS $0.92 vs $0.48.
Modine announces $100M share repurchase program
Board authorized up to $100M in common stock repurchases, effective immediately with no expiration.
Modine President of Performance Technologies Departs; CEO Takes Interim Lead
Adrian Peace steps down as President, Performance Technologies effective Feb 26, 2025; employment ends Sept 30, 2025.
Modine Q3 revenue up 10% to $616.8M; adj. EBITDA up 18%; reaffirms FY25 guidance
Net sales $616.8M (+10% YoY); net earnings $41.2M (-9%); adjusted EPS $0.92 (+24%).
Net sales $658.0M (+6% YoY); operating income $75.3M (+15%); GAAP EPS $0.86 vs $0.87 prior; adj. EPS $0.97 (+9%).
Modine appoints Telos CFO Mark Bendza to board of directors
Mark Bendza appointed to Modine board effective Oct 1, 2024, and named to Audit Committee.
Modine hosts Investor Day; filing lacks specific financial details from presentation
Investor Day held September 11, 2024 at Racine, Wisconsin headquarters.
Suresh V. Garimella re-elected with 44.55M votes for (97.8% of votes cast).
Modine Q1 beats: adj EPS $1.04 (+22%), raises FY2025 adj EBITDA guidance to $375-395M
Net sales $661.5M (+6% YoY); organic growth 4%; gross margin up 400 bps to 24.6%.
Modine realigns segment reporting, moves Coatings business to Climate Solutions
Effective April 1, 2024, Coatings business moved from Performance Technologies to Climate Solutions to better align with Heat Transfer Products.
Modine terminates frozen pension plan effective July 31, 2024; expects $120M-$130M non-cash charges
Termination effective July 31, 2024, subject to PBGC standard termination procedures; IRS determination letter filed June 14, 2024.
Modine Q4 adj EPS $0.77 (+15% YoY); FY2025 outlook adj EBITDA $365-385M
Q4 net sales $603.5M (-2% YoY), adjusted EBITDA $78.8M (+20% YoY), adjusted EPS $0.77 (vs $0.67 prior year).
Modine completes acquisition of Scott Springfield MFG for $191M USD
Acquisition completed on March 1, 2024 via wholly-owned subsidiary Modine Manufacturing (Canada) Ltd.
Modine acquires Scott Springfield Manufacturing for ~$191M to expand data center and IAQ offerings
Enterprise value ~$191M (USD) cash-free debt-free; expected close by April 1, 2024.
Modine beats Q3 FY2024 estimates; raises full-year adjusted EBITDA guide to $305-313M
Q3 net sales $561.4M (flat YoY); operating income $61.7M (+56%); adjusted EBITDA $73.9M (+39%).
Modine Q2 beats, Adj. EBITDA $81.2M (+59% YoY); raises FY24 Adj. EBITDA guidance to $285-300M
Net sales $620.5M (+7% YoY); EPS $0.87 vs $0.46; Adj. EPS $0.89 vs $0.48.
Modine shareholders approve all four proposals at 2023 annual meeting
Elected directors Ashleman, Williams, Wulfsohn to three-year terms with 43.9M, 34.1M, 44.0M votes for, respectively.
Modine Q1 revenue $622.4M (+15% YoY), EPS $0.85; raises FY2024 EBITDA guidance to $280-295M
EPS $0.85 vs $0.27; adjusted EPS $0.85 vs $0.32 YoY.
Modine reports record FY2023 sales of $2.3B, adjusted EBITDA up 34%; guides FY2024 EBITDA $240-260M
Q4 net sales $618.1M (+8% YoY), adjusted EBITDA $65.5M (+16%), adjusted EPS $0.67 (+18%).
Modine General Counsel Sylvia Stein resigns effective June 16, 2023
Sylvia A. Stein resigned as VP, General Counsel, Corporate Secretary and Chief Compliance Officer.
Modine Q3 FY2023 sales up 12% to $560M, adj. EBITDA up 36%, confirms FY guidance
Net sales $560M (+12% YoY); gross margin improved 250 bps to 17.4%.
Modine amends bylaws to adopt universal proxy rules and exclusive forum provision
Bylaws amended effective Jan 19, 2023, addressing SEC universal proxy rules and requiring compliance with Rule 14a-19.
Modine Q2 sales $578.8M (+21% YoY), adjusted EBITDA $51.1M (+73%), raises FY23 outlook
Net sales $578.8M (+21% YoY); operating income $36.8M vs $10.5M prior year.
Modine grants retention RSUs to named executives tied to 80/20 transformation goals
Each of four named officers (Agen, Lucareli, McGinnis, Stein) receives RSU award valued at 50% of base salary.
Modine enters $275M revolver and $215M+ term loans maturing 2027
$275M senior secured revolver matures Oct 12, 2027; + $175M and €40M term loans.
Modine appoints former Ashland CEO William A. Wulfsohn to board
Appointed effective Sept. 23, 2022, class with term ending at 2023 annual meeting.
Modine CFO enters Rule 10b5-1 plan to sell shares from Nov 2022 to Nov 2023
Michael Lucareli, EVP and CFO, adopted a pre-arranged stock sale plan on Sep 8, 2022.
Modine dismisses PwC, appoints KPMG as auditor for FY2023
Audit Committee approved KPMG engagement and PwC dismissal effective August 16, 2022.
Modine Q1 FY2023: revenue $541M (+9%), adj EBITDA $42.2M (+27%), EPS $0.27 vs $0.04
Net sales $541.0M, up 9% YoY; constant-currency sales up 15%.
Effective February 26, 2025, Adrian I. Peace will no longer serve in the role of President, Performance Technologies for Modine Manufacturing Company (the "Company") and will terminate employment with the Company on September 30, 2025.
the Company’s Board of Directors appointed Gary Mark (“Mark”) Bendza Jr., the Chief Financial Officer at Telos Corporation (Nasdaq: TLS), as a director.
On May 1, 2023, Sylvia A. Stein, Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer of Modine Manufacturing Company, resigned her positions to accept another opportunity.
the Company’s Board of Directors appointed William A. Wulfsohn, former Chairman and Chief Executive Officer of Ashland Global Holdings, as a director.
Modine Manufacturing Company (the “Company”) announced that on May 9, 2022, the Company’s Board of Directors appointed David J. Wilson as director, to fill the vacant seat created by the departure of David G. Bills in January 2022.
On January 10, 2022, David G. Bills notified Modine Manufacturing Company (the “Company”) of his decision to resign from the Board of Directors of the Company for personal reasons, effectively immediately.
the Board of Directors of Modine Manufacturing Company approved an increase to the number of directors from nine to ten and appointed Katherine Harper as director.
Effective September 29, 2021, Joel T. Casterton is no longer serving in the role of Vice President, Heavy Duty Equipment of Modine Manufacturing Company (the “Company”).
Max materiality 0.85 · Median 0.68 · Most common event earnings