Modine Manufacturing Company
Modine Manufacturing Co. designs and manufactures thermal management solutions that help customers control heat, airflow, and cooling across vehicles, buildings, and industrial equipment. Its portfolio spans data center cooling, HVAC&R, heat transfer systems, and vehicle thermal components used to improve energy efficiency, emissions, and indoor air quality.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaThermal systems for data centers, commercial HVAC&R, indoor air quality, heating, and dehumidification.
Engineered heat transfer systems and components for on- and off-highway vehicle applications.
Tuotteet
Raportoitu · osuus liikevaihdosta- Data Centers35,0 %
- On Highway Applications22,5 %
- Heat Transfer Solutions18,4 %
- Heavy Duty Equipment12,9 %
- Hvac Technologies11,3 %
Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Modine sells to data center operators, commercial and industrial building owners, HVAC&R customers, and OEMs in automotive, commercial vehicle, off-highway, and genset markets. It also serves agriculture, construction, and special-event heating customers through acquired specialty heating businesses. Demand is driven by customers needing efficient thermal performance, lower emissions, and reliable mission-critical cooling or heating.
Buy cooling systems for hyperscale and colocation facilities to manage high-density heat loads and uptime requirements.
Buy heating, ventilation, air conditioning, refrigeration, and indoor air quality solutions for buildings and industrial sites.
Buy engineered heat transfer systems and components for commercial vehicle, off-highway, automotive, and light vehicle platforms.
Buy direct-fired, radiant, indirect-fired, and electric heating products for agriculture, construction, and events.
Buy thermal management products for industrial equipment and generator-set applications where reliability matters.
Strategia
Modine is shifting its portfolio toward higher-growth, mission-critical thermal solutions, especially data center cooling and indoor air quality. Management is also investing in capacity, acquisitions, and product development to broaden the customer base and deepen exposure to low-carbon and efficiency-driven end markets.
Data center demand is a major growth driver and requires additional manufacturing capacity and product availability.
Acquisitions add products, customers, and technical capabilities in adjacent thermal markets.
These end markets support long-term demand for thermal management tied to energy efficiency and emissions reduction.
Maantiede
Modine operates across four continents in 16 countries, giving it a broad manufacturing and customer footprint. The company highlighted growth in North American data center sales and said it plans to invest $100 million over the next twelve months to expand U.S. manufacturing capacity for data center products. Its international structure also means cash, supply chains, tariffs, and customer demand can vary materially by region.
Riskit
Modine faces demand concentration in cyclical end markets, execution risk from new product launches and plant transfers, and pricing pressure from customers. The pending Reverse Morris Trust transaction with Gentherm adds uncertainty, while the company’s global footprint exposes it to tariffs, supply chain disruption, and foreign regulatory or geopolitical shocks.
The pending transaction can distract management, unsettle employees and customers, and create legal or separation costs.
Kohdistuu: Performance Technologies separation and Gentherm combination
Revenue depends on major customers in cyclical markets, and price reductions or weak demand can hurt margins and volume.
Product launches, transfers, and manufacturing inefficiencies can create cost overruns, delays, and warranty claims.
Kohdistuu: New programs and plant transitions
A global manufacturing footprint increases sensitivity to tariffs, sanctions, embargoes, and regional instability.
A more focused company would be more exposed to data center and commercial HVAC demand swings.
Kohdistuu: Post-transaction remaining company
Kirjanpito
Harkinnanvaraiset erätThe company carries meaningful goodwill and tests reporting units using forecast cash flows and discount rates.
Vaikutus: A weaker outlook or higher discount rates could trigger impairment charges.
Recent acquisitions add purchase accounting estimates for fair value, intangibles, and integration-related costs.
Vaikutus: Can affect amortization, goodwill, and reported segment margins.
Inventory has increased to support data center demand, affecting cash conversion and period-end balances.
Vaikutus: Impacts operating cash flow and near-term liquidity.
Manufacturing and remediation exposures require estimates that may change as claims or investigations evolve.
Vaikutus: Can create earnings volatility and contingent liabilities.
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
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Päivitetty: 24.9.2026