Modine Manufacturing

OverviewSuggest Edit

Modine Manufacturing is a company that specializes in thermal management technology and solutions. It designs, manufactures, and tests heat transfer products. The company also provides building management systems for HVAC/R (heating, ventilation, air conditioning, and refrigeration) systems and operations, corrosion protection, coating, and testing services. Modine Manufacturing serves the commercial vehicle, refrigeration, data centers, construction, and other markets.
TypePublic
Founded1916
HQRacine, WI, US
Websitemodine.com
Overall CultureF

Latest Updates

Employees (est.) (Mar 2021)10,900(-3%)
Job Openings158
Revenue (FY, 2021)$1.8 B(-8%)
Share Price (May 2022)$8.8(+7%)
Cybersecurity ratingBMore
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Key People/Management at Modine Manufacturing

Brian J. Agen

Brian J. Agen

Vice President, Human Resources
Neil D. Brinker

Neil D. Brinker

President and Chief Executive Officer, Director
Mark D. Hudson

Mark D. Hudson

Vice President, Corporate Controller
Eric S. McGinnis

Eric S. McGinnis

Vice President, Building HVAC
Kathleen T. Powers

Kathleen T. Powers

Vice President, Treasurer, Corporate Communications and Investor Relations
Katherine C. Harper

Katherine C. Harper

Director
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Modine Manufacturing Office Locations

Modine Manufacturing has offices in Racine, Buena Vista, Grenada, Jacksonville and in 16 other locations
Racine, WI, US (HQ)
1500 De Koven Ave
Buena Vista, VA, US
1221 Magnolia Ave
Grenada, MS, US
3984 US-51
Jacksonville, TX, US
224 Talley Nichols Dr
Jefferson City, MO, US
1502 S Country Club Dr
Joplin, MO, US
3300 W 7th St
Show all (20)

Modine Manufacturing Financials and Metrics

Modine Manufacturing Revenue

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View revenue for all periods
Modine Manufacturing's revenue was reported to be $1.81 b in FY, 2021 which is a 8.5% decrease from the previous period.
USD

Revenue (Q3, 2022)

502.2m

Gross profit (Q3, 2022)

74.6m

Gross profit margin (Q3, 2022), %

14.9%

Net income (Q3, 2022)

74.4m

EBIT (Q3, 2022)

79.4m

Market capitalization (17-May-2022)

455.3m

Closing stock price (17-May-2022)

8.8

Cash (31-Dec-2021)

61.1m

EV

784.8m
Modine Manufacturing's current market capitalization is $455.3 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

2.2b2.0b1.8b

Revenue growth, %

5%(11%)(8%)

Cost of goods sold

1.8b1.7b1.5b

Gross profit

365.5m307.5m293.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

529.0m500.2m473.4m347.8m461.4m484.3m494.6m478.9m502.2m

Cost of goods sold

445.6m424.5m399.9m301.7m380.6m401.6m421.4m412.6m427.6m

Gross profit

83.4m75.7m73.5m46.1m80.8m82.7m73.2m66.3m74.6m

Gross profit Margin, %

16%15%16%13%18%17%15%14%15%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

41.7m70.9m37.8m

Accounts Receivable

338.6m292.5m267.9m

Inventories

200.7m207.4m195.6m

Current Assets

646.8m633.3m644.8m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

85.9m(2.0m)(209.5m)

Depreciation and Amortization

76.9m77.1m68.6m

Inventories

(22.0m)(12.0m)(5.0m)

Accounts Payable

16.6m(37.7m)44.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

8.2m3.4m4.4m(8.4m)500.0k(194.9m)2.8m3.4m77.8m

Depreciation and Amortization

18.9m38.3m57.8m18.6m37.9m54.2m13.5m26.6m40.4m

Inventories

(15.0m)(26.2m)(23.6m)(1.5m)11.0m9.9m(26.7m)(54.8m)(66.6m)

Accounts Payable

(3.8m)(5.6m)(32.4m)(34.1m)(5.7m)1.1m9.2m4.1m24.9m
USDFY, 2019

Revenue/Employee

181.4k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
Show all financial metrics

Modine Manufacturing Operating Metrics

FY, 2019FY, 2020FY, 2021

Countries

191716

Manufacturing Facilities

484343

Manufacturing Facilities (Americas)

201718

Patents Issued

2.5 k2.5 k2.5 k

Modine Manufacturing Acquisitions / Subsidiaries

Company NameDateDeal Size
Luvata -Heat Transfer SolutionsSeptember 06, 2016$422 m
Barkell LtdFebruary 28, 2014$7.8 m
Geofinity ManufacturingMay 31, 2012$4.9 m
Radiadores ViscondeMay 08, 2006
Airedale International Air Conditioning LtdMay 19, 2005$38 m
Thermacore InternationalMay 11, 2001
Airedale Compact Systems Limited
Airedale Group Limited
Airedale International Air Conditioning Limited
Airedale Sheet Metal Limited
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Modine Manufacturing Revenue Breakdown

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Modine Manufacturing revenue breakdown by business segment: 21.7% from Automotive, 13.3% from Building HVAC, 29.2% from Commercial and Industrial Solutions and 35.8% from Heavy Duty Equipment

Modine Manufacturing revenue breakdown by geographic segment: 12.0% from China, 8.5% from Hungary, 10.4% from Italy, 5.3% from United Kingdom, 42.3% from United States and 21.4% from Other

Modine Manufacturing Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Modine Manufacturing Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Modine Manufacturing Online and Social Media Presence

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Modine Manufacturing Company Culture

  • Overall Culture

    F

    42/100

  • CEO Rating

    F

    30/100

  • Compensation

    D

    55/100

Learn more on Comparably

Modine Manufacturing News and Updates

David J. Wilson Joining Modine Manufacturing Company Board of Directors

RACINE, Wis., May 12, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that David J. Wilson has joined the Company's Board of Directors effective May 9, 2022. Mr. Wilson currently...

Modine Manufacturing (NYSE:MOD) & Aeva Technologies (NYSE:AEVA) Head to Head Contrast

Modine Manufacturing (NYSE:MOD – Get Rating) and Aeva Technologies (NYSE:AEVA – Get Rating) are both small-cap auto/tires/trucks companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, profitability, risk, ea…

Modine Reports Third Quarter Fiscal 2022 Results

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, 2021.

Modine to Host Third Quarter Fiscal 2022 Earnings Conference Call on February 3, 2022

Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will host a conference call and webcast to discuss its third quarter financial results for the period ended December 31, 2021 on Thursday, February 3, 2022 at…

Modine Set To Unveil New Coating Products At Ahr Expo

Modine Coatings, a division of Modine Manufacturing Company (NYSE: MOD), a leader in corrosion resistant coatings technology in the HVAC industry, will showcase their innovative GulfCoat™ technology during the AHR Expo from Jan. 31 to Feb. 2. Known for their ElectroFin® E-Coat and Insitu® Spray App…

Katherine Harper Joining Modine Manufacturing Company Board of Directors

Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that Katherine Harper will join the Company's Board of Directors effective January 20, 2022. Ms. Harper currently serves as Chief Financial Officer at BDP Internatio…
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Modine Manufacturing Frequently Asked Questions

  • When was Modine Manufacturing founded?

    Modine Manufacturing was founded in 1916.

  • Who are Modine Manufacturing key executives?

    Modine Manufacturing's key executives are Brian J. Agen, Neil D. Brinker and Mark D. Hudson.

  • How many employees does Modine Manufacturing have?

    Modine Manufacturing has 10,900 employees.

  • What is Modine Manufacturing revenue?

    Latest Modine Manufacturing annual revenue is $1.8 b.

  • What is Modine Manufacturing revenue per employee?

    Latest Modine Manufacturing revenue per employee is $165.9 k.

  • Who are Modine Manufacturing competitors?

    Competitors of Modine Manufacturing include Garrett, Roechling Automotive and Gentherm.

  • Where is Modine Manufacturing headquarters?

    Modine Manufacturing headquarters is located at 1500 De Koven Ave, Racine.

  • Where are Modine Manufacturing offices?

    Modine Manufacturing has offices in Racine, Buena Vista, Grenada, Jacksonville and in 16 other locations.

  • How many offices does Modine Manufacturing have?

    Modine Manufacturing has 20 offices.