The Latest Breaking News from Modine

The Nasdaq hit a new high Tuesday but Target tumbled early Wednesday. Will Nvidia earnings tonight meet lofty hopes?

Modine Manufacturing earnings edged past fiscal Q4 views, but revenue and 2025 EPS guidance came in light for this AI data center play.

IBD Stock Of The Day: Thermal management systems specialist Modine is just below a new buy point following a 154% run in just over 3 months.

With robust demand for new and used vehicles, the growing trend for vehicle customization, the introduction of advanced technologies, and a significant surge in e-commerce, the auto parts industry’s outlook looks promising. Given the industry’s tailwinds, let’s find out if AutoZone (AZO), Advance Auto Parts (AAP), and Modine Manufacturing (MOD)…

The auto parts industry is well-positioned for solid growth due to increased demand for new vehicles and the growing use of advanced technologies and components. To that end, it could be wise to buy fundamentally strong stocks Hyster-Yale Materials Handling (HY), Modine Manufacturing Company (MOD), Continental Aktiengesellschaft (CTTAY), and Garrett…

The auto industry is expected to witness solid growth this year, thanks to strong demand for new vehicles, the stabilization of supply chains, a growing shift to EVs, and rapid technology adoption. Hence, quality auto stocks Bridgestone (BRDCY), LKQ Corporation (LKQ), and Modine Manufacturing (MOD) could be ideal buys now.…

Although the auto industry faced a slump in sales in 2022, demand for new vehicles is expected to reach pre-pandemic levels this year. Moreover, the growing demand for new technologies in the auto industry is leading to increased demand for auto parts. Amid this backdrop, it could be wise for…

After remaining under pressure since last year, the auto industry is expected to rebound this year. To capitalize on this opportunity, one could consider buying auto stocks Hyundai Motor Company (HYMTF), Mazda Motor (MZDAY), Modine Manufacturing Company (MOD), and Hyster-Yale Materials Handling (HY), given their high-growth potential. Read more….

Modine Manufacturing Co (NYSE:MOD) reported fourth-quarter FY22 sales growth of 12% year-on-year, to $574.4 million, beating the consensus of $538.02 million. The gross profit increased 14% Y/Y to $95.2 million with a margin of 16.6%, a 30-basis points expansion. Selling, general, and administrative expenses declined 10% Y/Y to $53.5 million. The operating margin…