Modine Manufacturing Company
Description
Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers. It also provides data center products consisting of IT cooling solutions, including precision air conditioning units for data center applications; computer room air conditioning and handler units; hybrid fan coils; fan walls; chillers; condensers; condensing units; and liquid cooling solutions for high-density computing, as well as replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, the company offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, and chillers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
About
CEO
Mr. Neil D. Brinker
Employees
11,000
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Auto Parts
MIC code
XNYS
Address
1500 DeKoven Avenue, Racine, WI 53403-2552, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 27, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| May 19, 2025 | — | — | — | — |
| Feb 5, 2025 | 0.79 | — | — | — |
| Oct 30, 2024 | 0.92 | 0.97 | 0.05 | 5.43% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Mar 2025)
|
Next Year
(Mar 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 5 | 6 | 6 |
| Average estimate | — | 1.04 | 3.83 | 4.74 |
| Low estimate | — | 1.02 | 3.78 | 4.61 |
| High estimate | — | 1.07 | 3.88 | 4.90 |
| Last year EPS | — | 0.77 | 3.25 | 3.83 |
[stock_revenue_estimate]
Growth estimates
Current qtr
6.760%
Next qtr. (Mar 2025)
35.580%
Current year (Mar 2025)
17.740%
Next year (Mar 2026)
23.820%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total reported revenue | 2.41B | 2.30B | 2.05B | 1.81B | 1.98B |
| Cost of revenue | 1.88B | 1.91B | 1.74B | 1.52B | 1.67B |
| Gross profit | 525.60M | 389.40M | 309.30M | 293.40M | 307.50M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 277.20M | 236.00M | 216.20M | 210.90M | 249.60M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 248.40M | 153.40M | 93.10M | 82.50M | 57.90M |
| Non operating interest income | |||||
| Income | 4.30M | 1.30M | 400,000 | 500,000 | 400,000 |
| Expense | 24.10M | 20.70M | 15.60M | 19.40M | 22.70M |
| Other income expense | -14.00M | -8.70M | 23.60M | -182.90M | -25.20M |
| Pretax income | 214.60M | 125.30M | 101.50M | -119.30M | 10.40M |
| Tax provision | 51.20M | -28.30M | 15.20M | 90.20M | 12.40M |
| Net income | 163.40M | 153.60M | 86.30M | -209.50M | -2.00M |
| Basic EPS | 3.08 | 2.94 | 1.64 | -4.08 | -0.04 |
| Diluted EPS | 3.03 | 2.90 | 1.62 | -4.11 | -0.04 |
| Basic average shares | 52.40M | 52.10M | 52.00M | 51.60M | 50.90M |
| Diluted average shares | 52.40M | 52.10M | 52.00M | 51.60M | 50.90M |
| EBITDA | 308.80M | 209.20M | 148.30M | 148.30M | 132.60M |
| Net income from continuing op. | 163.40M | 153.60M | 86.30M | -209.50M | -2.00M |
| Minority interests | -1.90M | -500,000 | -1.10M | -1.20M | -200,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 1.85B | 1.57B | 1.43B | 1.28B | 1.54B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 60.10M | 67.10M | 45.20M | 37.80M | 70.90M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 422.90M | 398.00M | 367.50M | 267.90M | 292.50M |
| Other receivables | — | — | — | — | — |
| Inventory | 357.90M | 324.90M | 281.20M | 195.60M | 207.40M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | 107.60M | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 53.10M | 56.40M | 63.70M | 35.90M | 62.50M |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 16.30M | 16.40M | 16.80M | 16.40M | 19.70M |
| Machinery furniture equipment | 921.40M | 946.90M | 965.60M | 704.50M | 965.50M |
| Construction in progress | 67.60M | 47.50M | 31.20M | 19.00M | 40.50M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -920.30M | -960.30M | -962.80M | -673.50M | -854.40M |
| Goodwill | 650.10M | 412.30M | 426.50M | 442.00M | 438.50M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 188.30M | 81.10M | 90.30M | 100.60M | 106.30M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 172.60M | 158.30M | 95.60M | 90.70M | 182.40M |
| Total liabilities | 1.10B | 966.30M | 968.90M | 920.60M | 1.04B |
| Current liabilities | |||||
| Accounts payable | 283.40M | 332.80M | 325.80M | 233.90M | 227.40M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 31.70M | 23.40M | 29.40M | 23.30M | 30.40M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | 101.60M | 89.80M | 85.10M | 66.50M | 65.00M |
| Other current liabilities | 129.10M | 61.10M | 54.20M | 145.50M | 49.20M |
| Non current liabilities | |||||
| Long term debt | 399.90M | 329.30M | 348.40M | 311.20M | 452.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 30.00M | 4.80M | 5.90M | 5.90M | 8.10M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 92.60M | 84.90M | 72.90M | 75.70M | 79.50M |
| Shareholders equity | |||||
| Common stock | 35.00M | 34.60M | 34.20M | 33.90M | 33.30M |
| Retained earnings | 659.00M | 497.50M | 344.40M | 259.20M | 469.90M |
| Other shareholders equity | -163.40M | -161.10M | -149.50M | -161.20M | -223.30M |
| Total shareholders equity | 755.50M | 599.60M | 458.10M | 356.10M | 493.60M |
| Additional paid in capital | 283.70M | 270.80M | 261.60M | 255.00M | 245.10M |
| Treasury stock | 66.70M | 49.00M | 40.00M | 38.20M | 37.10M |
| Minority interest | 7.90M | 6.80M | 7.40M | 7.40M | 5.70M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 163.40M | 153.60M | 86.30M | -209.50M | -2.00M | 85.90M | 23.80M | 14.90M | -1.00M | 22.80M | 131.90M | -22.80M | 38.80M | 5.20M | — | -108.61M | -65.60M | 42.33M | 7.64M | 61.66M | 40.44M | 12.67M | 23.35M | 51.83M | 66.33M | 73.90M | 72.50M | 63.80M | 61.40M | 68.40M | 43.10M | 33.70M | 28.00M | 30.50M | 25.20M |
| Depreciation | 56.10M | 54.50M | 54.80M | 68.60M | 77.10M | 76.90M | 76.70M | 58.30M | 50.20M | 51.60M | 58.10M | 55.80M | 57.70M | 56.50M | 64.61M | 73.33M | 80.95M | 71.10M | 68.18M | 68.03M | 59.98M | 54.81M | 63.51M | 51.91M | 50.38M | 44.20M | 41.80M | 41.50M | 39.60M | 34.50M | 28.10M | 25.50M | 26.80M | 23.20M | 17.00M |
| Deferred Taxes | 6.20M | -59.60M | -3.80M | 67.90M | 1.00M | -4.40M | 12.10M | -4.60M | -18.80M | 5.90M | -116.10M | 600,000 | 1.90M | -7.00M | 3.32M | -12.83M | 21.54M | -9.03M | -6.70M | 8.58M | 5.37M | 7.82M | 11.91M | 1.56M | -8.24M | 5.70M | -100,000 | -1.50M | -1.80M | -200,000 | -3.50M | 700,000 | 600,000 | -1.60M | 700,000 |
| Stock-Based Compensation | 10.80M | 6.60M | 5.70M | 6.30M | 6.60M | 7.90M | 9.50M | 7.40M | 4.90M | 4.00M | 3.60M | 3.10M | 1.60M | 4.00M | 2.73M | 3.46M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 6.10M | 4.80M | 3.10M | 6.30M | 5.60M | 5.30M | 9.00M | 3.90M | 6.00M | 13.30M | 16.40M | 4.10M | 2.70M | 2.20M | -26.14M | -96.98M | 59.03M | 10.42M | 11.15M | — | — | — | — | — | — | — | -100,000 | — | -5.30M | 2.70M | 800,000 | — | 400,000 | -2.60M | -3.10M |
| Accounts Receivable | -8.30M | -40.70M | -55.60M | -17.10M | 36.60M | -15.30M | -26.10M | -25.70M | 8.00M | -100,000 | -18.20M | 15.10M | -7.50M | -43.00M | -51.76M | 117.48M | -21.68M | 27.89M | -29.89M | -6.71M | -10.13M | 9.08M | 12.01M | 11.62M | -12.47M | -15.10M | -16.50M | -7.90M | 12.30M | -31.50M | -14.30M | -1.10M | -9.00M | 3.00M | 4.70M |
| Accounts Payable | -59.10M | 10.20M | 55.10M | 44.00M | -37.70M | 16.60M | 25.20M | 19.90M | -9.90M | -2.40M | 15.20M | -3.20M | -14.60M | 30.00M | 62.44M | -52.27M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 28.20M | -28.30M | -85.00M | 16.50M | -37.10M | -71.70M | -8.50M | -30.40M | -22.00M | -38.50M | -20.60M | -47.90M | -32.40M | -41.00M | -4.89M | 19.64M | 17.45M | -32.35M | -6.73M | 19.69M | -966,000 | -4.05M | 19.05M | 9.36M | -2.48M | -7.50M | -11.20M | 7.30M | -13.10M | -21.60M | 12.10M | 1.70M | 6.00M | 1.00M | 3.50M |
| Operating Cash Flow | 203.40M | 101.10M | 60.60M | -17.00M | 50.10M | 101.20M | 121.70M | 43.70M | 17.40M | 56.60M | 70.30M | 4.80M | 48.20M | 6.90M | 50.30M | -56.78M | 91.70M | 110.36M | 43.66M | 151.26M | 94.69M | 80.33M | 129.82M | 126.28M | 93.52M | 101.20M | 86.40M | 103.20M | 93.10M | 52.30M | 66.30M | 60.50M | 52.80M | 53.50M | 48.00M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | -40.30M | -32.70M | -71.30M | -73.90M | — | -1.00M | -41.70M | -16.70M | -4.20M | — | — | -51.35M | -51.61M | -103.26M | -76.99M | -81.82M | -79.01M | -66.55M | -67.76M | -45.43M | -29.16M | -72.08M | -91.07M | -110.20M | -81.40M | -55.30M | -42.70M | -33.00M | -28.10M | -23.40M | -16.60M | -28.30M | -17.90M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -198.20M | — | — | — | 3.80M | — | — | -364.20M | -1.40M | — | -7.80M | -4.90M | — | — | — | — | — | -11.10M | -44.29M | -100.03M | — | — | — | 249,000 | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | -3.40M | -3.90M | -3.60M | -3.30M | -3.80M | -5.50M | -3.50M | -2.70M | -5.20M | — | — | — | — | — | -233,000 | — | — | — | -2.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 3.30M | 3.40M | 3.60M | 3.40M | 4.10M | 4.90M | 4.80M | 2.20M | 2.10M | 2.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -195.70M | 300,000 | -51.00M | -31.30M | -60.50M | -72.80M | -600,000 | -358.80M | -15.00M | 1.10M | 11.60M | -6.10M | -600,000 | -37.45M | -41.96M | -93.86M | -78.88M | -91.25M | -121.95M | -168.81M | -67.85M | -46.04M | -29.83M | -73.92M | -96.33M | -128.90M | -82.60M | -61.40M | -99.80M | -32.80M | -47.90M | -24.00M | -17.70M | -76.00M | -35.70M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 332.50M | 374.30M | 351.80M | 32.70M | 673.20M | 221.30M | 171.00M | 559.10M | 38.00M | 36.40M | 152.60M | 166.70M | 134.40M | 260.20M | 77.12M | 70.61M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -260.40M | -403.40M | -306.70M | -183.60M | -630.30M | -242.00M | -222.90M | -202.40M | -27.10M | -50.90M | -152.40M | -167.10M | -116.20M | -252.40M | -186.49M | -50.69M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -2.40M | 100,000 | -1.60M | 2.20M | -7.20M | -4.60M | 1.80M | -9.10M | -1.30M | -100,000 | -1.70M | 700,000 | 600,000 | 800,000 | -802,000 | -3.88M | 8.57M | 387,000 | -281,000 | -1.29M | -1.04M | 3.06M | — | — | -184,000 | -100,000 | — | -400,000 | -100,000 | -300,000 | -500,000 | 300,000 | -300,000 | -100,000 | 100,000 |
| Financing Cash Flow | 62.70M | -33.30M | 39.20M | -145.10M | 34.50M | -26.00M | -50.10M | 347.60M | 2.70M | -14.60M | -1.50M | 300,000 | 25.42M | 13.67M | -21.97M | 11.23M | -21.07M | -33.86M | -94.47M | -14.52M | -16.27M | -11.07M | -17.83M | -23.87M | -36.42M | -35.00M | -35.00M | -23.20M | -21.30M | -20.00M | -16.70M | -13.00M | -17.30M | -11.90M | -13.30M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 60.30M | 67.20M | 45.40M | 46.10M | 71.30M | 42.20M | 40.30M | 34.80M | 68.90M | 70.50M | 87.20M | 23.80M | 31.40M | 32.90M | 43.66M | 43.54M | 38.31M | 21.23M | 30.80M | 55.09M | 69.76M | 73.65M | 75.40M | 21.74M | 31.25M | 49.20M | 36.40M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 46.90M | 31.90M | 21.80M | 19.70M | 18.80M | — | -20.10M | — | -10.10M | 15.90M | 11.40M | 12.40M | 13.00M | 15.60M | 7.08M | 29.22M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 23.30M | 18.40M | 14.10M | 17.90M | 21.40M | — | -23.40M | — | -10.70M | 10.30M | 12.60M | 11.60M | 12.80M | 28.10M | 17.42M | 14.69M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 126.90M | 56.80M | -28.80M | 117.10M | -13.40M | 29.40M | 53.20M | -22.70M | -32.10M | -11.50M | 47.20M | -1.00M | -18.60M | -34.30M | 1.61M | -9.75M | -19.66M | 19.66M | 49.49M | 85.66M | 36.18M | 60.06M | 95.64M | 52.87M | -3.14M | -5.50M | 19.60M | 44.00M | 28.90M | 32.90M | 46.00M | 40.10M | 28.90M | 24.50M | 26.60M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Fidelity Focused Stock Fund | Nov 30, 2024 | 1,789,659 | 176.30M | 3.41% |
| Smallcap World Fund | Sep 30, 2024 | 1,579,231 | 155.57M | 3.01% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,561,695 | 153.84M | 2.97% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,454,665 | 143.30M | 2.77% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,246,389 | 122.78M | 2.37% |
| Fidelity Worldwide Fund | Nov 30, 2024 | 808,000 | 79.60M | 1.54% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 785,506 | 77.38M | 1.50% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 731,700 | 72.08M | 1.39% |
| Invesco Discovery Fund | Nov 30, 2024 | 692,620 | 68.23M | 1.32% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 687,310 | 67.71M | 1.31% |
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