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Modine Manufacturing Company
Modine Manufacturing Company, founded in 1916, is a global provider of thermal management solutions for varied industries, including automotive, agriculture, construction, and industrial processing. Their offerings include radiators, radiator cores, oil coolers, transmission coolers, charge air coolers, and building HVAC systems.
Headquartered in Racine, Wisconsin, Modine has a long history of innovation and expansion, venturing into various markets and acquiring other companies to broaden its portfolio. The company focuses on designing and delivering high-performance cooling solutions that meet challenging requirements, increase efficiency, and promote sustainability. It has operations in North and South America, Europe, Africa, and Asia.
Modine Manufacturing Company is publicly traded under the ticker symbol MODI on the New York Stock Exchange (NYSE). The company has weathered ups and downs, navigating industry shifts and economic fluctuations. Today, the company continues to innovate and adapt to emerging market trends, such as electrification and sustainability initiatives, to remain a trusted partner for clients who demand reliable cooling solutions.
Financial Overview
For the quarter ended November 30, 2 zna2022, Modine Manufacturing Company announced revenue of $509.8 million, exceeding analyst estimates of $484.26 million. The company reported a net income of $22.1 million, representing an annualized growth of 180.70%. The trailing 12-month dividend yield was 1.68%, and the payout ratio was 13.49%.
MODI has a market capitalization of $632.22 million and 24.41 million shares outstanding. Wall Street analysts have given the stock a consensus rating of "hold," with a target price of $14.25, suggesting a 12-month upside of 7.35%. The stock's 52-week price range is $10.10 to $19.40. The company has a beta of 1.65, indicating higher volatility than the broader market. Its average trading volume is 47.61K shares, with institutions holding 85.33% of the total shares outstanding.
The company has demonstrated remarkable resilience and flexibility throughout its history, embracing change and evolving to meet the shifting needs of its clients and the environment.