Modine Manufacturing: The Path Towards Balanced Growth [Seeking Alpha]
Modine Manufacturing Company (MOD)
Last modine manufacturing company earnings: 2/4 04:21 pm
Check Earnings Report
US:NYSE Investor Relations:
modine.com/web/en/investors.htm
Company Research
Source: Seeking Alpha
The acquisition of Scott Springfield Manufacturing aligns with the company's goals and will expand its reach in high-growth markets. The company's Q3 FY 24 net sales were flat, but improved efficiency led to better gross profit, EBITDA, and EPS. Operating expenses and inventory levels have increased. Investment Thesis Preview & Updates We previously predicted Modine Manufacturing ( NYSE: MOD ) was going to "make an acquisition or two within the previous purchase price tag range, should an appropriate opportunity arise". As it announced in February, it was going to make the acquisition of Scott Springfield Manufacturing. We also predicted it would more likely make acquisitions in data centers than in automotive industries, as we stated "In reality, its cooling technology has no problem finding faster growth downstream applications in the Data Centers than in commercial vehicles and automotive industries." As to the goal of the acquisition, we also speculated "While the previou
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MOD
News
- Modine (MOD) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Recent Price Trend in Modine (MOD) is Your Friend, Here's Why [Yahoo! Finance]Yahoo! Finance
- Modine Opens New Facility in Europe to Serve Heat Pump MarketPR Newswire
- Modine Manufacturing: The Rally Went Too Far [Seeking Alpha]Seeking Alpha
- Modine (MOD) Stock Moves -0.08%: What You Should Know [Yahoo! Finance]Yahoo! Finance
MOD
Earnings
- 1/30/24 - Beat
MOD
Sec Filings
- 4/1/24 - Form 4
- 3/28/24 - Form 144
- 3/19/24 - Form 4
- MOD's page on the SEC website