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Stock impact report

Modine Refocuses On Data Centers As Spin Off Reshapes Risk Profile [Yahoo! Finance]

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: Yahoo! Finance
Modine Manufacturing (NYSE:MOD) has created a dedicated Data Centers segment, sharpening its focus on cooling solutions for hyperscale facilities. Art Laszlo has been promoted to lead the new Data Centers division, aligning leadership with the company's refocus. The company plans to spin off its Performance Technologies segment in a transaction with Gentherm, reshaping its business mix. These shifts come at a time when Modine shares trade at $243.71, with the stock up 73.1% year to date and 221.3% over the past year. Over the past 5 years, the stock has gained more than 10 times. This points to a company that has already gone through substantial change. The new structure now puts more attention on how the business mix might evolve from here. For you as an investor, the creation of a Data Centers segment and the planned Performance Technologies spin off could change Modine's risk profile, revenue drivers, and capital needs. The key questions now are how concentrated the compan Show less Read more
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