MODINE MANUFACTURING CO reported fourth quarter and fiscal year ended March 31, 2026 results: revenue $954.4 million, net income $73.6 million, EPS $1.36. Guidance initiated.
“technology and solutions, today reported financial results for the quarter and fiscal year ended March 31, 2026. Fourth Quarter Highlights: ● Record quarterly net sales of $954.4 million increased $307.2 million, or 47 percent, from the prior year ● Net earnings of $73.6 million increased $23.5 million, or 47 percent, from the prior year ● Earnings per share of”
Material Agreements
MODINE MANUFACTURING CO amended Amendment No. 2 with lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (effective 2026-04-30).
“On April 30, 2026, Modine Manufacturing Company (the “Company”) and Airedale International Air Conditioning Limited, as borrowers (collectively, the “Borrowers”), entered into Amendment No. 2 (the “Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 10, 2025 (as previously amended, the “Credit Agreement”), by and among the Borrowers, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.”
Material Agreements
MODINE MANUFACTURING CO amended Amendment No. 1 with JPMorgan Chase Bank, N.A., as administrative agent valued at $150.0 million (effective 2025-12-23).
“On December 23, 2025, Modine Manufacturing Company (the “Company”) and Airedale International Air Conditioning Limited, as borrowers (collectively, the “Borrowers”), entered into Amendment No. 1 (the “Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 10, 2025 (as amended by the Amendment, the “Credit Agreement”), by and among the Borrowers, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.”
Adrian I. Peace resigned as President, Performance Technologies at MODINE MANUFACTURING CO.
“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.”
Gary Mark Bendza Jr. was appointed as director at MODINE MANUFACTURING CO.
“the Company’s Board of Directors appointed Gary Mark (“Mark”) Bendza Jr., the Chief Financial Officer at Telos Corporation (Nasdaq: TLS), as a director.”
M&A Transactions
MODINE MANUFACTURING CO completed an acquisition involving Olympic International Agencies Ltd. for $257.0 million (CDN), or approximately $191 million (US), on a cash-free, debt-free basis (closed 2024-03-01).
“and Modine. As a result of the transaction, the Corporation is a wholly-owned subsidiary of Purchaser. The aggregate purchase price paid by the Company to the Seller Parent was $257.0 million (CDN), or approximately $191 million (US), on a cash-free, debt-free basis. A portion of the consideration will be held in escrow pending certain post-closing working capital”
Material Agreements
MODINE MANUFACTURING CO entered into Share Purchase Agreement with Olympic International Agencies Ltd. valued at $257.0 million (CDN), or approximately $191 million (US) (effective 2024-02-23).
“On February 23, 2024, Modine Manufacturing (Canada) Ltd. (the “Purchaser”), a wholly-owned subsidiary of Modine Manufacturing Company (“Modine”), entered into a Share Purchase Agreement (the “SPA”), by and among the Purchaser, Olympic International Agencies Ltd. (the “Seller Parent”), and Modine, pursuant to which the Purchaser agreed to purchase (the “Transaction”) from the Seller Parent of all the issued and outstanding shares in the capital of Scott Springfield MFG Inc.”
Earnings Releases
MODINE MANUFACTURING CO reported third quarter ended December 31, 2023 results: revenue $561.4 million, EPS $0.83. Guidance raised.
“global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2023. Third Quarter Highlights: • Net sales of $561.4 million, in line with the prior year including divestiture impact • Operating income of $61.7 million increased $22.2 million, or 56 percent, from the prior year • Adjusted EBITDA of”
Earnings Releases
MODINE MANUFACTURING CO reported the quarter ended September 30, 2023 results: revenue $620.5 million, EPS Earnings per share of $0.87. Guidance raised.
“leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2023. Second Quarter Highlights: • Net sales of $620.5 million increased 7 percent from the prior year • Operating income of $65.7 million increased $28.9 million, or 79 percent, from the prior year • Adjusted EBITDA of $81.2 million”
Shareholder Votes
MODINE MANUFACTURING CO shareholders approved Ratification of independent registered public accounting firm at the 2023-08-17 meeting.
“The shareholders ratified the appointment of KPMG as the Company’s independent registered public accounting firm. The results of the vote were as follows: For Against Abstain 47,552,793 72,415 25,255”
Shareholder Votes
MODINE MANUFACTURING CO shareholders approved Advisory vote on the frequency of shareholder advisory votes on named executive officer compensation at the 2023-08-17 meeting.
“The shareholders approved one year as the frequency of shareholder votes on named executive officer compensation. The results of the vote were as follows: One Year Two Years Three Years Abstain 41,363,806 54,747 3,889,254 104,538”
Shareholder Votes
MODINE MANUFACTURING CO shareholders approved Advisory vote on named executive officer compensation at the 2023-08-17 meeting.
“The shareholders approved the advisory vote on named executive officer compensation. The results of the vote were as follows: For Against Abstain Broker Non-Votes 42,581,516 2,796,691 34,138 2,238,118”
Shareholder Votes
MODINE MANUFACTURING CO shareholders approved Election of directors at the 2023-08-17 meeting.
“Election of Directors On August 17, 2023, the shareholders of Modine Manufacturing Company voted to elect Eric D. Ashleman, Marsha C. Williams, and William A. Wulfsohn to serve as directors until the 2026 Annual Meeting of Shareholders and until their successors are duly elected and qualified. The results of the vote were as follows: Director For Against Abstain Broker Non-Votes Eric D. Ashleman 43,857,211 1,531,141 23,993 2,238,118 Marsha C. Williams 34,141,165 11,242,284 28,896 2,238,118 William A. Wulfsohn 43,985,536 623,840 802,969 2,238,118”
Earnings Releases
MODINE MANUFACTURING CO updated its Fiscal 2024 guidance (raised).
“Modine Reports Another Record Quarter, Raises Full-Year Earnings Guidance”
Earnings Releases
MODINE MANUFACTURING CO reported first quarter ended June 30, 2023 results: revenue $622.4 million, EPS $0.85. Guidance raised.
“global leader in thermal management technology and solutions, today reported financial results for the quarter ended June 30, 2023. First Quarter Highlights: • Net sales of $622.4 million increased 15 percent from the prior year • Operating income of $66.5 million increased $40.9 million, or 160 percent, from the prior year • Adjusted EBITDA of $80.4 million”
Earnings Releases
MODINE MANUFACTURING CO updated its fiscal 2024 guidance (initiated).
“Fiscal 2024 Outlook: • Net sales up 4% to 10% • Adjusted EBITDA of $240 million to $260 million, up 13% to 23%”
Earnings Releases
MODINE MANUFACTURING CO reported the fiscal year ended March 31, 2023 results: revenue $2.3 billion, EPS $2.90.
“Full Year Highlights: • Net sales of $2.3 billion increased 12 percent from the prior year • Operating income of $150.4 million increased $31.2 million, or 26 percent, from the prior year • Adjusted EBITDA of $212.1 million increased $53.3 million, or 34 percent, from the prior year • Earnings per share of $2.90 compared to $1.62 in the prior year, and adjusted earnings per share of $1.95 increased $0.72, or 59 percent, from the prior year”
Earnings Releases
MODINE MANUFACTURING CO reported the fourth quarter ended March 31, 2023 results: revenue $618.1 million, EPS $1.69.
“Fourth Quarter Highlights: • Net sales of $618.1 million increased 8 percent from the prior year • Operating income of $48.5 million increased $27.9 million, or 135 percent, from the prior year, due in part to a significant restructuring charge recorded in the prior year • Adjusted EBITDA of $65.5 million increased $8.8 million, or 16 percent, from the prior year • Earnings per share of $1.69 compared to $0.16 in the prior year, and adjusted earnings per share of $0.67 increased $0.10, or 18 percent, from the prior year”
Sylvia A. Stein resigned as Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer at MODINE MANUFACTURING CO.
“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.”
Earnings Releases
MODINE MANUFACTURING CO reported third quarter ended December 31, 2022 results: revenue $560.0 million, EPS $0.46. Guidance reaffirmed.
“FOR IMMEDIATE RELEASE NEWS RELEASE Modine Reports Third Quarter Fiscal 2023 Results Double digit top-line growth and meaningful margin improvement; Company confirms earnings outlook for fiscal 2023 Racine, WI – February 1, 2023 – Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended December 31, 2022. Third Quarter Highlights: • Net sales of $560.0 million, increased 12 percent from the prior year • Operating income of $39.5 million, decreased $39.9 million from the prior year, due to a significant impairment reversal recorded in the prior year • Adjusted EBITDA of $53.3 million, increased $14.0 million or 36 percent, from the prior year • Earnings per share of $0.46, compared to $1.41 in the prior year, and adjusted earnings per share of $0.48, compared to $0.31 in the prior year • 80/20 focus continues to drive significant margin improvement and increased sales”
Governance Changes
MODINE MANUFACTURING CO: Amended and restated bylaws to address universal proxy rules, enhance shareholder nomination procedures, adopt exclusive forum provisions, and make other technical changes (effective 2023-01-19).
“On January 19, 2023, the Board of Directors (the “Board”) of Modine Manufacturing Company (the “Company”) approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day.”
Earnings Releases
MODINE MANUFACTURING CO reported the quarter ended September 30, 2022 results: revenue $578.8 million, net income Earnings per share of $0.46, EPS $0.46. Guidance raised.
“leader in thermal management technology and solutions, today reported financial results for the quarter ended September 30, 2022. Second Quarter Highlights: • Net sales of $578.8 million increased 21 percent from the prior year • Operating income of $36.8 million increased $26.3 million from the prior year • Adjusted EBITDA of $51.1 million increased $21.6”
William A. Wulfsohn was appointed as Director at MODINE MANUFACTURING CO.
“the Company’s Board of Directors appointed William A. Wulfsohn, former Chairman and Chief Executive Officer of Ashland Global Holdings, as a director.”
David J. Wilson was appointed as Director at MODINE MANUFACTURING CO.
“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.”
David G. Bills resigned as Director at MODINE MANUFACTURING CO.
“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.”
Katherine Harper was appointed as director at MODINE MANUFACTURING CO.
“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.”
Joel T. Casterton departed as Vice President, Heavy Duty Equipment at MODINE MANUFACTURING CO.
“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”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.