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Modine Manufacturing Company (MOD)

- NYSE
  • Fri, Jul. 31, 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.
    | Fri, Jul. 31, 10:16 AM | Comment!
  • Fri, May 29, 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%.
    | Fri, May 29, 10:39 AM | 1 Comment
  • Thu, May 28, 12:47 PM
    | Thu, May 28, 12:47 PM | 2 Comments
  • Thu, May 28, 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.
    | Thu, May 28, 9:40 AM | Comment!
  • Mon, Mar. 2, 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%.
    | Mon, Mar. 2, 1:57 PM | Comment!
  • Mon, Feb. 2, 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%).
    | Mon, Feb. 2, 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 | Comment!
  • 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 | Comment!
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Company Description
Modine Manufacturing Co manufactures thermal management systems & components, bringing heating & cooling technology and solutions to diversifiedmarkets.
Industry: Auto Parts
Country: United States