Modine Manufacturing Company
 (MOD)

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  • Tue, Jan. 5, 11:31 AM
    • Many auto parts stocks are trailing off after key manufacturers (Ford, GM, Toyota, Fit Chrysler) miss forecasts with their December U.S. sales reports. The sector bounced last month when the rosy predictions first started piling in.
    • Weakness in China this week may be impacting sentiment on certain auto parts names as well.
    • Decliners include Modine Manufacturing (MOD -4.9%), Federal-Mogul (FDML -5.1%), Stoneridge (SRI -3.8%), American Axle & Manufacturing (AXL -3.1%), Delphi Automotive (DLPH -2.3%), Autoliv (ALV -2.3%), Meritor (MTOR -3.4%), Gentherm (THRM -2.3%), BorgWarner (BWA -1.8%), and Lear (LEA -2%).
    | Tue, Jan. 5, 11:31 AM | 2 Comments
  • Sep. 22, 2015, 10:16 AM
    • The automobile parts sector is down again to follow a rout of European automaker stocks earlier in the day led by the dismantling of shares of scandal-ridden Volkswagen.
    • Losing business from Volkswagen is one concern, but a broader issue could be tighter emissions testing and compliance protocols in the industry.
    • Decliners include Tenneco (TEN -7.5%), Delphi Automotive (DLPH -4.3%), Allison Transmission Holdings (ALSN -4%), Federal-Mogul Holdings (FDML -4.4%), Lear (LEA -3.3%), Meritor (MTOR -3.8%), Dana Holding (DAN -3.7%), Autoliv (ALV -3.4%), Modine Manufacturing (MOD -2.8%), Standard Motor Products (SMP -2.3%), Stoneridge (SRI -3.6%), American Axle & Manufacturing (AXL -2.5%), and Johnson Controls (JCI -2.3%).
    • Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
    | Sep. 22, 2015, 10:16 AM | 4 Comments
  • Jul. 31, 2015, 10:16 AM
    • Modine Manufacturing (NYSE:MOD) reports sales fell 12% due to negative currency impact (-2% on a constant currency basis).
    • Gross margin rate decreased 70 bps to 16.5%.
    • Segment sales: America: $159.1M (-10%); Europe: $131.2M (-17%); Asia: $19.3M (-7%); Building HVAC: $41.3M (+1%).
    • Adjusted operating margin rate declined 220 bps to 4.1%.
    • FY2016 Guidance: Sales: flat to -5% (+1% to +6% on a constant currency basis); Adjusted operating income: $65M to $70M; Adjusted EPS: $0.75 to $0.82.
    • FQ1 results
    | Jul. 31, 2015, 10:16 AM
  • May 29, 2015, 10:39 AM
    • Automobile industry supplier stocks are tilting lower after WABCO and Modine Manufacturing issued guidance below the expectations of analysts.
    • F/X pressure and some uncertainty in the markets in Brazil and China are weighing on the sector.
    • Decliners: WABCO (NYSE:WBC) -2.9%, Modine Manufacturing (NYSE:MOD) -2.5%, Meritor (NYSE:MTOR) -2.4%, Motorcar Parts of America (NASDAQ:MPAA) -2.3%, Westport Innovations (NASDAQ:WPRT) -2.0%, Federal-Mogul (NASDAQ:FDML) -1.8%, Stoneridge (NYSE:SRI) -1.3%, Lydall (NYSE:LDL) -1.3%, Cooper-Standard Holdings (NYSE:CPS) -1.2%.
    | May 29, 2015, 10:39 AM | 1 Comment
  • May 28, 2015, 12:47 PM
    | May 28, 2015, 12:47 PM | 2 Comments
  • May 28, 2015, 9:40 AM
    • Modine Manufacturing (NYSE:MOD) reports sales rose 2% on a constant currency basis in FQ4.
    • Gross margin rate increased 140 bps to 17.3% led by improvements in North America and Building HVAC segments.
    • Segment sales: North America: $146.2M (+1%); Europe: $136M (-14%); South America: $20M (-31%); Asia: $21.2M (+7%); Building HVAC: $43.8M (+4%).
    • Adjusted operating margin rate grew 128 bps to 4.74%.
    • FY2016 Guidance: Sales: flat to -5% (+1% to +6% on a constant currency basis); Adjusted operating income: $65M to $70M; Adjusted EPS: $0.75 to $0.82.
    | May 28, 2015, 9:40 AM
  • Mar. 2, 2015, 1:57 PM
    • There's a broad rally in auto parts stocks underway after a strong read on sales in some key European markets.
    • Sales in Spain rose 26% Y/Y in February, while sales improved 7% in Germany and 4.1% in France.
    • February U.S. sales are due to be reported tomorrow by manufacturers.
    • Gainers: Federal-Mogul (NASDAQ:FDML)+4.1%, Westport Innovations (NASDAQ:WPRT) +2.6%, Modine Manufacturing (NYSE:MOD) +2.6%, Dana Holding (NYSE:DAN) +2.5%, Visteon (NYSE:VC) +2.4%, BorgWarner (NYSE:BWA) +2.4%, Lear (NYSE:LEA) +2.4%, Lydall (NYSE:LDL) +2.2%, Johnson Controls (NYSE:JCI) +2.2%, Delphi Automotive (NYSE:DLPH) +2.0%.
    | Mar. 2, 2015, 1:57 PM
  • Feb. 2, 2015, 12:19 PM
    • A number of auto parts stocks are in rally mode today.
    • A positive forecast on global demand from IHS could be boosting sentiment.
    • The research firm projects global sales will improve 2.4% to 88.6M units - a mark that is dragged down by the collapse of the Russian auto industry.
    • Some analysts think the sector is setting up to see a delayed demand reaction this year as drivers add more miles than anticipated to their cars with gas prices lower.
    • Easy sales comparisons are also looming in the second half for many companies/
    • Advancers: Tenneco (TEN +4.7%), Federal-Mogul Holdings (FDML +2.8%), Modina Manufacturing (MOD +3.4%), Superior Industries (SUP +3.3%), BorgWarner (BWA +1.7%), Cooper-Standard Holdings (CPS +1.1%), Delphi Automotive (DLPH +1.9%), Dana Holding (DAN +1.7%), Autolive (ALV +1.6%), Lear (LEA +1.5%).
    | Feb. 2, 2015, 12:19 PM | 3 Comments
  • May 12, 2014, 10:38 AM
    • Auto parts stocks are ripping gains to begin the week.
    • A positive read on global demand from Volkswagen, General Motors, and Tata Motors could be helping to tip sentiment in favor of the group.
    • Advancers: Meritor (MTOR+4.2%, Federal-Mogul (FDML+3.8%, Standard Motor Products (SMP+3.6%, Modine Manufacturing (MOD+3.2%, American Axle & Manufacturing (AXL+3.0%.
    | May 12, 2014, 10:38 AM
  • Jun. 1, 2012, 8:25 AM
    Modine Manufacturing (MOD): FQ4 EPS of $0.34 beats by $0.11. Revenue of $388.7M (-2% Y/Y) misses by $18M. Shares -8.2% premarket. (PR)
    | Jun. 1, 2012, 8:25 AM
Company Description
Modine Manufacturing Co manufactures thermal management systems & components, bringing heating & cooling technology and solutions to diversified markets.
Industry: Auto Parts
Country: United States