Highest-materiality recent filing
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 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 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 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 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 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 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.
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.
Max materiality 0.85 · Median 0.68 · Most common event earnings