MOD on NYSE
MODINE MANUFACTURING CO
MODINE MANUFACTURING CO is an American motor vehicle parts and accessories company based in Racine.2
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Last updated Oct 21, 2026.
Overview
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- TickerMOD on NYSE2
- IndustryMotor Vehicle Parts & Accessories2
- HeadquartersRacine, United States2
- Incorporated inWI4
- Business address1500 Dekoven Ave, Racine, Wi 534034
- Filer categoryLarge accelerated filer4
- Legal formBusiness Corporation2
- LEIZ35SZFYJR8GZZRSIUU092
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CORPORATION SERVICE COMPANY, 53703 Madison, United States2
- Registered withCorporation Section (Division of Corporate & Consumer Services, Department of Financial Institutions), 1M030692
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At Modine Manufacturing Company, we are Engineering a Cleaner, Healthier World ™ . For more than 100 years, we have been a trusted leader in designing, engineering, testing, and manufacturing mission-critical thermal solutions. Our technologies heat, cool and ventilate, with systems that drive performance, efficiency, and reliability for our customers. Our technologies support our mission to improve indoor air quality, lower harmful emissions, enable cleaner running vehicles, and use environmentally friendly refrigerants. We help customers across industries solve complex thermal management challenges and meet increasingly stringent indoor and outdoor air, energy, and water standards.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
23.0%Gross margin3
10.8%Operating margin3
3.8%Net margin3
23.1%Revenue growth, 20263
10.2%Return on equity3
$105.4MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Data Centers brought in 35% of the revenue MODINE MANUFACTURING CO broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Data Centers | $294.2M | $644.2M | $1.1B |
| On-highway applications | $836.4M | $720.8M | $716.4M |
| Heat Transfer Solutions | $606.4M | $539.4M | $584.1M |
| Heavy-duty equipment | $463.3M | $422.1M | $409.3M |
| HVAC Technologies | $207.5M | $257.0M | $359.2M |
Business segments
Climate Solutions brought in 65% of the revenue MODINE MANUFACTURING CO broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Climate Solutions | $1.1B | $1.4B | $2.1B |
| Performance Technologies | $1.3B | $1.1B | $1.1B |
Regions
Americas brought in 67% of the revenue MODINE MANUFACTURING CO broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| Americas | $1.4B | $1.7B | $2.1B |
| Europe | $839.5M | $711.7M | $838.2M |
| Asia | $219.9M | $199.2M | $226.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue77¢$2.5B
- Research and development1¢$29.3M
- Selling, general and admin11¢$360.1M
- Other costs5¢$157.0M
- Income tax2¢$63.2M
- Profit4¢$121.5M
Out of $3.2B in revenue.3
Where each dollar of operating cash went, fiscal 2026
- Capital spending58¢$143.3M
- Share buybacks3¢$7.0M
- Kept or used elsewhere40¢$98.4M
Out of $248.7M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net sales | $3.2B | $2.6B | $2.4B |
| Cost of sales | $2.5B | $1.9B | $1.9B |
| Gross profit | $731.1M | $643.8M | $525.6M |
| Selling, general and administrative expenses | $360.1M | $332.1M | $273.9M |
| Restructuring expenses | $20.6M | $28.2M | $15.0M |
| Impairment charge | $4.1M | $0 | $0 |
| Loss (gain) on sale of assets | $3.9M | $0 | -$4.0M |
| Operating income | $342.4M | $283.5M | $240.7M |
| Interest expense | -$31.6M | -$26.4M | -$24.1M |
| Pension termination charge | -$116.1M | $0 | $0 |
| Other expense - net | -$8.2M | -$3.1M | -$2.0M |
| Earnings before income taxes | $186.5M | $254.0M | $214.6M |
| Provision for income taxes | -$63.2M | -$68.5M | -$51.2M |
| Net earnings | $123.3M | $185.5M | $163.4M |
| Net earnings attributable to noncontrolling interest | -$1.8M | -$1.5M | -$1.9M |
| Net earnings attributable to Modine | $121.5M | $184.0M | $161.5M |
| Basic (in dollars per share) | $2.30 | $3.50 | $3.08 |
| Diluted (in dollars per share) | $2.26 | $3.42 | $3.03 |
| Basic (in shares) | 52.8M shares | 52.6M shares | 52.4M shares |
| Diluted (in shares) | 53.8M shares | 53.9M shares | 53.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $73.5M | $71.6M | ||
| Trade accounts receivable - net | $731.0M | $478.9M | ||
| Inventories | $506.1M | $340.9M | ||
| Other current assets | $105.5M | $69.8M | ||
| Total current assets | $1.4B | $961.2M | ||
| Property, plant and equipment - net | $520.9M | $390.5M | ||
| Intangible assets - net | $197.0M | $146.7M | ||
| Goodwill | $292.1M | $233.9M | ||
| Deferred income taxes | $85.3M | $67.0M | ||
| Other noncurrent assets | $163.2M | $118.3M | ||
| Total assets | $2.7B | $1.9B | ||
| Short-term debt | $7.5M | $9.3M | ||
| Long-term debt - current portion | $43.9M | $44.8M | ||
| Accounts payable | $464.8M | $290.8M | ||
| Accrued compensation and employee benefits | $95.1M | $102.7M | ||
| Other current liabilities | $117.6M | $93.4M | ||
| Total current liabilities | $728.9M | $541.0M | ||
| Long-term debt | $384.9M | $296.7M | ||
| Deferred income taxes | $25.6M | $24.1M | ||
| Pensions | $11.4M | $29.4M | ||
| Other noncurrent liabilities | $321.0M | $108.2M | ||
| Total liabilities | $1.5B | $999.4M | ||
| Common stock, $0.625 par value, authorized 80.0 million shares, issued 57.0 million and 56.5 million shares | $35.6M | $35.3M | ||
| Additional paid-in capital | $336.1M | $310.8M | ||
| Retained earnings | $964.5M | $843.0M | ||
| Accumulated other comprehensive loss | -$37.1M | -$181.3M | ||
| Treasury stock, at cost, 4.2 million and 4.1 million shares | -$104.6M | -$97.6M | ||
| Total Modine shareholders' equity | $1.2B | $910.2M | ||
| Noncontrolling interest | $8.3M | $8.0M | ||
| Total equity | $1.2B | $918.2M | $755.5M | $599.6M |
| Total liabilities and equity | $2.7B | $1.9B | ||
| Preferred stock, par value (in dollars per share) | $0.03 | $0.03 | ||
| Preferred stock, shares authorized (in shares) | 16.0M shares | 16.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.62 | $0.62 | ||
| Common stock, shares authorized (in shares) | 80.0M shares | 80.0M shares | ||
| Common stock, shares issued (in shares) | 57.0M shares | 56.5M shares | ||
| Treasury stock at cost (in shares) | 4.2M shares | 4.1M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $73.5M | $71.6M | ||
| Trade accounts receivable - net | $731.0M | $478.9M | ||
| Inventories | $506.1M | $340.9M | ||
| Other current assets | $105.5M | $69.8M | ||
| Total current assets | $1.4B | $961.2M | ||
| Property, plant and equipment - net | $520.9M | $390.5M | ||
| Intangible assets - net | $197.0M | $146.7M | ||
| Goodwill | $292.1M | $233.9M | ||
| Deferred income taxes | $85.3M | $67.0M | ||
| Other noncurrent assets | $163.2M | $118.3M | ||
| Total assets | $2.7B | $1.9B | ||
| Short-term debt | $7.5M | $9.3M | ||
| Long-term debt - current portion | $43.9M | $44.8M | ||
| Accounts payable | $464.8M | $290.8M | ||
| Accrued compensation and employee benefits | $95.1M | $102.7M | ||
| Other current liabilities | $117.6M | $93.4M | ||
| Total current liabilities | $728.9M | $541.0M | ||
| Long-term debt | $384.9M | $296.7M | ||
| Deferred income taxes | $25.6M | $24.1M | ||
| Pensions | $11.4M | $29.4M | ||
| Other noncurrent liabilities | $321.0M | $108.2M | ||
| Total liabilities | $1.5B | $999.4M | ||
| Common stock, $0.625 par value, authorized 80.0 million shares, issued 57.0 million and 56.5 million shares | $35.6M | $35.3M | ||
| Additional paid-in capital | $336.1M | $310.8M | ||
| Retained earnings | $964.5M | $843.0M | ||
| Accumulated other comprehensive loss | -$37.1M | -$181.3M | ||
| Treasury stock, at cost, 4.2 million and 4.1 million shares | -$104.6M | -$97.6M | ||
| Total Modine shareholders' equity | $1.2B | $910.2M | ||
| Noncontrolling interest | $8.3M | $8.0M | ||
| Total equity | $1.2B | $918.2M | $755.5M | $599.6M |
| Total liabilities and equity | $2.7B | $1.9B | ||
| Preferred stock, par value (in dollars per share) | $0.03 | $0.03 | ||
| Preferred stock, shares authorized (in shares) | 16.0M shares | 16.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.62 | $0.62 | ||
| Common stock, shares authorized (in shares) | 80.0M shares | 80.0M shares | ||
| Common stock, shares issued (in shares) | 57.0M shares | 56.5M shares | ||
| Treasury stock at cost (in shares) | 4.2M shares | 4.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net earnings | $123.3M | $185.5M | $163.4M |
| Depreciation and amortization | $79.7M | $77.7M | $56.1M |
| Impairment charge | $4.1M | $0 | $0 |
| Loss (gain) on sale of assets | $3.9M | $0 | -$4.0M |
| Pension termination charge | $116.1M | $0 | $0 |
| Stock-based compensation expense | $22.1M | $26.4M | $10.8M |
| Deferred income taxes | -$39.1M | $6.5M | $6.2M |
| Other - net | $7.0M | $6.9M | $6.1M |
| Trade accounts receivable | -$222.6M | -$61.2M | -$8.3M |
| Inventories | -$125.1M | $13.6M | -$17.3M |
| Accounts payable | $151.1M | $10.5M | -$59.1M |
| Accrued compensation and employee benefits | -$13.5M | $1.6M | $15.2M |
| Increase (decrease) in contract liabilities | $159.0M | -$44.5M | $58.3M |
| Other assets | -$2.9M | $15.3M | $12.0M |
| Other liabilities | -$14.4M | -$25.0M | -$24.8M |
| Net cash provided by operating activities | $248.7M | $213.3M | $214.6M |
| Expenditures for property, plant and equipment | -$143.3M | -$84.0M | -$87.7M |
| Payments for business acquisitions, net of cash acquired | -$182.4M | -$3.4M | -$186.2M |
| Purchase of TMGcore, Inc. technology and related assets (see Note 2) | $0 | $0 | -$12.0M |
| Proceeds from (payments for) disposition of assets | $800.0K | $800.0K | -$800.0K |
| Other - net | $3.6M | $0 | $3.3M |
| Net cash used for investing activities | -$321.3M | -$86.6M | -$283.4M |
| Borrowings of debt | $829.6M | $414.5M | $332.5M |
| Repayments of debt | -$745.9M | -$496.3M | -$260.4M |
| (Repayments) borrowings on bank overdrafts - net | -$5.0M | -$700.0K | $6.3M |
| Purchases of treasury stock | -$7.0M | -$30.9M | -$17.7M |
| Dividends paid to noncontrolling interest | -$1.8M | -$1.1M | -$500.0K |
| Other - net | $3.2M | $900.0K | $2.5M |
| Net cash provided by (used for) financing activities | $73.1M | -$113.6M | $62.7M |
| Effect of exchange rate changes on cash | $1.3M | -$1.5M | -$800.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $1.8M | $11.6M | -$6.9M |
No quarter-by-quarter statement was filed.
Corporate structure
MODINE MANUFACTURING CO sits at the top of its group. 48 entities, 14 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MODINE MANUFACTURING CO
- BlackRock Filed SCHEDULE 13G/A on MODINE MANUFACTURING CO, latest Jul 29, 2026 (7 filings since Feb 1, 2022)
- Wellington Management Company Filed SCHEDULE 13G/A on MODINE MANUFACTURING CO, latest May 15, 2026 (3 filings since Aug 12, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on MODINE MANUFACTURING CO, latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on MODINE MANUFACTURING CO, latest Mar 27, 2026 (7 filings since Feb 10, 2022)
- FMR LLC Filed SCHEDULE 13G/A on MODINE MANUFACTURING CO, latest Aug 6, 2025 (3 filings since Nov 12, 2024)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on MODINE MANUFACTURING CO, latest Oct 31, 2024 (4 filings since Feb 8, 2022)
- FRONTIER CAPITAL MANAGEMENT CO LLC Filed SC 13G/A on MODINE MANUFACTURING CO, latest Feb 14, 2024 (3 filings since Jan 31, 2022)
- GAMCO Investors Filed SC 13D/A on MODINE MANUFACTURING CO, latest Feb 1, 2024 (4 filings since Oct 1, 2021)
- MODINE MANUFACTURING CO Racine, Wisconsin, United States
- AIREDALE INTERNATIONAL AIR CONDITIONING LIMITED Subsidiary · Rawdon, United Kingdom
- MODINE CLIMATE SOLUTIONS INDIA PRIVATE LIMITED Subsidiary · 100% · Kancheepuram, India
- Climate By Design International LLC Subsidiary · Minnesota, United States
- L.B. White Company, LLC Subsidiary · Delaware, United States
- LBW Holding Corp. Subsidiary · Delaware, United States
- LBW Property, LLC Subsidiary · Delaware, United States
- MDA Hungary Automotive Limited Liability Company Subsidiary · Hungary
- MDA US LLC Subsidiary · Delaware, United States
- Modine Accord Inc. Subsidiary · Delaware, United States
- Modine Acquisition, Inc. Subsidiary · Racine, Wisconsin, United States
- Modine CIS Guadalajara SAU Subsidiary · Spain
- Modine CIS Holding Inc. Subsidiary · Delaware, United States
- MODINE CIS ITALY S.R.L. Subsidiary · Pocenia (Ud), Italy
- MODINE CIS GUADALAJARA SA Subsidiary · Guadalajara, Spain
- Modine CIS Italy Srl Subsidiary · Italy
- Modine Climate Solutions India Private Limited Subsidiary · India
- Modine do Brasil Sistemas Termicos Ltda. Subsidiary · Brazil
- Modine ECD, Inc. Subsidiary · Pennsylvania, United States
- Modine Enterprises Inc. Subsidiary · Delaware, United States
- Modine Europe GmbH Subsidiary · Filderstadt, Germany
- Modine Far East Srl Subsidiary · Italy
- Modine Grenada LLC Subsidiary · Delaware, United States
- Modine Grundstucksverwaltungs GmbH Subsidiary · Germany
- Modine Hungaria Gep. Kft. Subsidiary · Hungary
- Modine Jackson, Inc. Subsidiary · Delaware, United States
- Modine Jacksonville Inc. Subsidiary · Kentucky, United States
- Modine Juarez, S. de R.L. de C.V. Subsidiary · Mexico
- and 20 more
- AIREDALE INTERNATIONAL AIR CONDITIONING LIMITED Subsidiary · Rawdon, United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MODINE MANUFACTURING CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.4B3 Mar 31, 2026 | $1.3B3 Mar 31, 2025 | +11.1% |
| Accumulated depreciation | $901.7M3 Mar 31, 2026 | $889.4M3 Mar 31, 2025 | +1.4% |
| Property and equipment, net | $520.9M3 Mar 31, 2026 | $390.5M3 Mar 31, 2025 | +33.4% |
| Finance-lease assets | $6.6M3 Mar 31, 2026 | $6.9M3 Mar 31, 2025 | −4.3% |
| Operating-lease assets (leased space) | $138.9M3 Mar 31, 2026 | $97.2M3 Mar 31, 2025 | +42.9% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $292.1M3 Mar 31, 2026 | $233.9M3 Mar 31, 2025 | +24.9% |
| Finite-lived intangibles, gross | $304.7M3 Mar 31, 2026 | $231.1M3 Mar 31, 2025 | +31.8% |
| Accumulated amortization | $107.7M3 Mar 31, 2026 | $84.4M3 Mar 31, 2025 | +27.6% |
| Finite-lived intangibles, net | $197.0M3 Mar 31, 2026 | $146.7M3 Mar 31, 2025 | +34.3% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $506.1M3 Mar 31, 2026 | $340.9M3 Mar 31, 2025 | +48.5% |
| Raw materials | $358.9M3 Mar 31, 2026 | $223.3M3 Mar 31, 2025 | +60.7% |
| Work in process | $95.3M3 Mar 31, 2026 | $65.9M3 Mar 31, 2025 | +44.6% |
| Finished goods | $51.9M3 Mar 31, 2026 | $51.7M3 Mar 31, 2025 | +0.4% |
Properties, in its own words
We operate manufacturing facilities in the U.S. and in numerous foreign countries. Our world headquarters, including general offices and laboratory, experimental and prototype facilities, is located in Racine, Wisconsin. We have additional technical support functions located in Grenada, Mississippi; Allen, Texas; Leeds, United Kingdom; Pocenia, Italy; Guadalajara, Spain; Söderköping, Sweden; Mezökövesd, Hungary; Sao Paulo, Brazil; Changzhou, China; and Chennai, India.
The table below summarizes the number of manufacturing facilities within each of our operating segments as of March 31, 2026. Twenty-five of these facilities include leased manufacturing space.
The rest of Item 2
Americas · Europe · Asia · Total
Climate Solutions · 17 · 9 · 2 · 28
Performance Technologies · 7 · 5 · 6 · 18
Total manufacturing facilities · 24 · 14 · 8 · 46
In addition to the manufacturing facilities summarized in the table above, we also operate four coatings facilities in North America and Europe, which primarily enhance customer-owned products with coatings solutions and operate at a smaller scale than our other manufacturing facilities.
We consider all of our facilities and equipment to be well maintained and suitable for their purposes. We review our manufacturing capacity regularly and make the determination as to our need to expand or, conversely, rationalize our facilities as necessary to meet changing market conditions and our operating needs.
Item 2 of the 10-K filed May 27, 2026.6
Leadership
Who has led MODINE MANUFACTURING CO, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerMichael B. Lucareli Oct 6, 2020 to Oct 6, 202016
- Chief executive officerNeil David Brinker Dec 3, 2020 to now17
- Chief executive officerThomas Andrew Burke Jun 2, 2008 to Jun 9, 202018
- Chief executive officerDavid B. Rayburn Jan 10, 2006 to Feb 13, 200819
- PresidentArthur Laszlo Jr. Apr 8, 2026 to now20
- PresidentJeremy Michael Patten Oct 1, 2025 to Apr 8, 202621
- PresidentEric S. McGinnis May 10, 2022 to Jun 8, 202222
- PresidentAdrian Ian Peace Jun 8, 2022 to Aug 26, 202423
- PresidentMichael B. Lucareli Oct 6, 2020 to Oct 6, 202016
- PresidentNeil David Brinker Dec 3, 2020 to May 10, 202217
- PresidentThomas Andrew Burke Jun 2, 2008 to Jun 9, 202018
- PresidentDavid B. Rayburn Jan 10, 2006 to Feb 13, 200819
- Chief financial officerMichael B. Lucareli Jul 13, 2010 to now24
- Chief financial officerBradley C. Richardson Jan 19, 2006 to Jun 11, 200925
- Chief operating officerScott L. Bowser May 31, 2019 to Oct 6, 202026
- Chief operating officerThomas F. Marry Jan 30, 2012 to Jun 5, 201827
- Chief operating officerThomas Andrew Burke Nov 21, 2006 to Feb 13, 200828
Board members and other officers (51)
- VP, Corporate Controller & CAOMark D. Hudson Jul 9, 2026 to now29
- VP, GC and CCOErin Jennifer Roth Nov 28, 2023 to now30
- VP, Building HVACEric S. McGinnis Aug 11, 2021 to Feb 24, 202231
- VP, CISAdrian Ian Peace Aug 13, 2021 to Aug 27, 202132
- VP, Human ResourcesBrian Jon Agen Jan 26, 2018 to now33
- Vice President, VTSJoel Thomas Casterton Jan 26, 2018 to Oct 5, 202134
- VP, Gen. Counsel and Sec.Sylvia Ann Stein Jan 26, 2018 to Jun 21, 202335
- VP Comm & Indust SolutionsDennis P. Appel Mar 23, 2017 to Jun 4, 201936
- VP, Commercial Products GroupMatthew J. McBurney Jul 19, 2013 to Oct 5, 202137
- Regional VP - EuropeHolger Schwab Jul 3, 2012 to Dec 15, 201738
- Regional VP - North AmericaScott D. Wollenberg Jul 3, 2012 to Jun 4, 201939
- Regional VP - AmericasThomas G. Cromwell Feb 10, 2009 to Feb 13, 200940
- Regional VP - AmericasScott L. Bowser Mar 23, 2009 to Jun 5, 201841
- Regional VP - AsiaThomas F. Marry Dec 21, 2007 to Aug 24, 201142
- Group Vice PresidentJames R. Rulseh Jan 3, 2006 to Jan 21, 200943
- Sr.Counsel and Asst. SecretaryMargaret C. Kelsey Jan 4, 2006 to Jun 6, 201744
- VP & Chief Technology OfficerAnthony C. Devuono Jan 10, 2006 to May 13, 200845
- Chief Information OfficerCarlton C. Harper Jan 10, 2006 to May 16, 200646
- Group Vice PresidentCharles R. Katzfey Jan 10, 2006 to May 15, 200747
- VP,Gen. Counsel and SecretaryDean R. Zakos Jan 10, 2006 to May 13, 200848
- VP,Environ.,Safety & SecurityGary A. Fahl Jan 10, 2006 to Jun 1, 200649
- Corporate ControllerRobert S. Bullmore Jan 10, 2006 to May 26, 200650
- VP Human ResourcesRoger L. Hetrick Jan 10, 2006 to Jan 23, 200651
- Group Vice PresidentKlaus A. Feldmann Jan 19, 2006 to Jun 17, 201152
- Executive Vice PresidentThomas Andrew Burke Jan 19, 2006 to Jun 2, 200653
- VP Global PurchasingGregory T. Kinder Feb 21, 2006 to Feb 21, 200654
- VP & Chief Human Res OfficerGregory T. Troy Feb 21, 2006 to Feb 21, 200655
- Corporate ControllerRobert R. Kampstra Jul 24, 2006 to Jul 24, 200656
- Board memberAlan S. Lowe Jul 23, 2025 to now57
- Board memberGary Mark Bendza Oct 3, 2024 to now58
- Board memberDavid J. Wilson May 13, 2022 to now59
- Board memberWilliam A. Wulfsohn Sep 30, 2022 to now60
- Board memberKatherine Carolyn Harper Nov 2, 2021 to now61
- Board memberNeil David Brinker Dec 3, 2020 to now17
- Board memberEric D. Ashleman Feb 26, 2019 to now62
- Board memberDavid G. Bills Feb 13, 2015 to Aug 27, 202163
- Board memberChristine Y. Yan May 6, 2014 to now64
- Board memberMary L. Petrovich Jul 22, 2011 to Oct 17, 201365
- Board memberSuresh Garimella V. Jul 22, 2011 to now66
- Board memberThomas Andrew Burke Aug 4, 2011 to Jun 9, 202067
- Board memberLarry Oscar Moore Jun 4, 2010 to Jun 26, 202368
- Board memberFrank P. Incropera Jul 19, 2007 to Jul 26, 201069
- Board memberMarsha C. Williams Jul 19, 2007 to now70
- Board memberDavid B. Rayburn Jan 10, 2006 to Feb 13, 200819
- Board memberVincent L. Martin May 9, 2006 to Jul 26, 201071
- Board memberDennis J. Kuester Jul 20, 2006 to Jul 25, 201172
- Board memberFrank Wyman Jones Jul 20, 2006 to Jul 25, 201173
- Board memberGary L. Neale Jul 20, 2006 to Oct 17, 201274
- Board memberMichael T. Yonker Jul 20, 2006 to Jul 25, 201175
- Board memberRichard J. Doyle Jul 20, 2006 to Aug 24, 200676
- Board memberCharles P. Cooley Oct 20, 2006 to Aug 27, 202177
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Airedale International Air Conditioning Limited UK5
- Climate By Design International LLC Minnesota5
- L.B. White Company, LLC Delaware5
- LBW Holding Corp. Delaware5
- LBW Property, LLC Delaware5
- MDA Hungary Automotive Limited Liability Company Hungary5
- MDA US LLC Delaware5
- Modine Accord Inc. Delaware5
- Modine Acquisition, Inc. Wisconsin5
- Modine CIS Guadalajara SAU Spain5
- Modine CIS Holding Inc. Delaware5
- Modine CIS Italy Srl Italy5
- Modine Climate Solutions India Private Limited India5
- Modine ECD, Inc. Pennsylvania5
- Modine Enterprises Inc. Delaware5
- Modine Europe GmbH Germany5
- Modine Far East Srl Italy5
- Modine Grenada LLC Delaware5
- Modine Grundstucksverwaltungs GmbH Germany5
- Modine Hungaria Gep. Kft. Hungary5
- Modine Jackson, Inc. Delaware5
- Modine Jacksonville Inc. Kentucky5
- Modine Juarez, S. de R.L. de C.V. Mexico5
- Modine LLC Delaware5
All 45 listed subsidiaries
- Modine Louisville Inc. Kentucky5
- Modine Manufacturing (Canada) Ltd. Canada5
- Modine Manufacturing Company Foundation, Inc. Wisconsin5
- Modine Pontevico S.r.l. Italy5
- Modine Ramos, S. de R.L. de C.V. Mexico5
- Modine SRB d.o.o. Sremska Serbia5
- Modine Söderköping AB Sweden5
- Modine Thermal Systems (Changzhou) Company Ltd. China5
- Modine Thermal Systems (Shanghai) Company Ltd. China5
- Modine Thermal Systems (Wuxi) Co., Ltd. China5
- Modine Thermal Systems Europe GmbH Germany5
- Modine Thermal Systems Italy S.r.l. Italy5
- Modine Thermal Systems Private Limited India5
- Modine Transferencia de Calor, S.A. de C.V. Mexico5
- Modine UK Dollar Limited UK5
- Modine Uden B.V. Netherlands5
- Modine do Brasil Sistemas Termicos Ltda. Brazil5
- Modine, Inc. Delaware5
- Platinum Spinco Inc. Delaware5
- Reeves Property (DE), LLC Delaware5
- Scott Springfield Mfg. Inc. Canada5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 7, 20268-K Financial statements and exhibits78
- Oct 1, 20268-K Entered a material agreement; Completed an acquisition or sale; Executive or director change79
- Sep 17, 20268-K Regulation FD disclosure80
- Sep 10, 20268-K Other events81
- Aug 21, 20268-K Shareholder vote82
- Jul 29, 20268-K Results of operations83
- Jul 24, 20268-K Regulation FD disclosure84
- May 26, 20268-K Results of operations85
- May 5, 20268-K Entered a material agreement86
- Feb 17, 20268-K Regulation FD disclosure87
- Feb 4, 20268-K Results of operations88
- Jan 29, 20268-K Entered a material agreement; Regulation FD disclosure89
- Dec 3, 2020New chief executive Neil David Brinker becomes CEO17
- Oct 6, 2020New chief executive Michael B. Lucareli becomes CEO16
- Jun 2, 2008New chief executive Thomas Andrew Burke becomes CEO18
- Jan 10, 2006New chief executive David B. Rayburn becomes CEO19
- Jun 23, 1916Founded MODINE MANUFACTURING CO is founded2
Calendar
Coming up
- Oct 27, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.06 a share, on Oct 28, 2025.90
When it reported results
- Jul 29, 2026Reported quarterly or annual results83
- May 26, 2026Reported quarterly or annual results85
- Feb 4, 2026Reported quarterly or annual results88
- Oct 29, 2025Reported quarterly or annual results91
- Oct 28, 2025Reported quarterly or annual results92
- Jul 30, 2025Reported quarterly or annual results93
- May 20, 2025Reported quarterly or annual results94
- Feb 4, 2025Reported quarterly or annual results95
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
433 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 238 insider forms, 32 large holders, 79 other. The latest 20:
- Oct 13, 2026DEF 14A EDGAR
- Oct 8, 20264 EDGAR
- Oct 7, 20268-K/A EDGAR
- Oct 1, 20268-K EDGAR
- Sep 29, 20264 EDGAR
- Sep 17, 2026425 EDGAR
- Sep 17, 20268-K EDGAR
- Sep 14, 20264 EDGAR
- Sep 10, 2026144 EDGAR
- Sep 10, 2026425 EDGAR
- Sep 10, 20268-K EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 21, 20268-K EDGAR
The 433 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
46 open-market trades by officers, directors and large owners since October 2021: 2 buys and 44 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 10, 2026 | Agen Brian JonVP, CHRO | Sale | 4,306 | $180.30 | $776.4K | Form 4 |
| Jun 18, 2026 | McGinnis Eric SPresident, Commercial HVAC | Sale | 1,020 | $295.07 | $301.0K | Form 4 |
| Jun 18, 2026 | Agen Brian JonVP, CHRO | Sale | 38,282 | $295.17 | $11.3M | Form 4 |
| Jun 16, 2026 | ASHLEMAN ERIC DDirector | Sale | 15,000 | $288.55 | $4.3M | Form 4 |
| Jun 1, 2026 | Laszlo Arthur Jr.President, Data Centers | Sale | 900 | $295.76 | $266.2K | Form 4 |
| Jun 1, 2026 | McGinnis Eric SPresident, Commercial HVAC | Sale | 24,002 | $287.89 | $6.9M | Form 4 |
| May 29, 2026 | McGinnis Eric SPresident, Commercial HVAC | Sale | 14,080 | $280.26 | $3.9M | Form 4 |
| Feb 24, 2026 | WILLIAMS MARSHA CDirector | Sale | 12,000 | $234.71 | $2.8M | Form 4 |
| Feb 17, 2026 | Lucareli Michael BEVP, CFO | Sale | 19,595 | $219.12 | $4.3M | Form 4 |
| Feb 2, 2026 | Garimella Suresh VDirector | Sale | 1,100 | $184.07 | $202.5K | Form 4 |
| Jan 22, 2026 | Garimella Suresh VDirector | Sale | 1,100 | $150.00 | $165.0K | Form 4 |
| Dec 2, 2025 | Brinker Neil DavidPresident and CEO | Sale | 31,871 | $160.56 | $5.1M | Form 4 |
| Aug 22, 2025 | McGinnis Eric SPresident, Commercial HVAC | Sale | 25,173 | $140.86 | $3.5M | Form 4 |
| Aug 22, 2025 | Garimella Suresh VDirector | Sale | 14,204 | $140.29 | $2.0M | Form 4 |
| Aug 11, 2025 | WILLIAMS MARSHA CDirector | Sale | 25,761 | $134.77 | $3.5M | Form 4 |
| Aug 5, 2025 | Lucareli Michael BEVP, CFO | Sale | 40,422 | $140.47 | $5.7M | Form 4 |
| Jul 31, 2025 | Lucareli Michael BEVP, CFO | Sale | 80,661 | $128.33 | $10.4M | Form 4 |
| Jul 29, 2025 | Lucareli Michael BEVP, CFO | Sale | 5,778 | $115.00 | $664.5K | Form 4 |
| Jul 29, 2025 | Agen Brian JonVP, CHRO | Sale | 47,939 | $110.50 | $5.3M | Form 4 |
| Mar 3, 2025 | WULFSOHN WILLIAM ADirector | Buy | 2,530 | $79.43 | $201.0K | Form 4 |
All 46 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 7 filings Feb 1, 2022 to Jul 29, 202696
- Wellington Management CompanySCHEDULE 13G/A, 3 filings Aug 12, 2025 to May 15, 202697
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202698
- VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Mar 27, 202699
- FMR LLCSCHEDULE 13G/A, 3 filings Nov 12, 2024 to Aug 6, 2025100
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 4 filings Feb 8, 2022 to Oct 31, 2024101
- FRONTIER CAPITAL MANAGEMENT CO LLCSC 13G/A, 3 filings Jan 31, 2022 to Feb 14, 2024102
- GAMCO InvestorsSC 13D/A, 4 filings Oct 1, 2021 to Feb 1, 2024103
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 2,866,977 | $765.5M | 0.0% | −1,218,067 |
| Vanguard Capital Management LLC | 2,380,183 | $635.6M | 0.0% | +17,449 |
| Vanguard Portfolio Management LLC | 2,204,937 | $588.8M | 0.0% | −158,733 |
| Capital Research Global Investors | 1,483,974 | $396.3M | 0.1% | −225,654 |
| Paradigm Capital Management Inc/ny | 1,453,598 | $388.1M | 10.6% | −2,000 |
| Invesco Ltd. | 1,266,552 | $338.2M | 0.0% | +40,801 |
| Artisan Partners Limited Partnership | 1,191,876 | $318.3M | 0.5% | +203,983 |
| State Street Corp | 1,169,085 | $312.0M | 0.0% | −317,054 |
| Geode Capital Management, LLC | 1,152,691 | $307.9M | 0.0% | −103,941 |
| Fuller & Thaler Asset Management, Inc. | 1,116,729 | $298.2M | 0.8% | +35,049 |
| Fmr LLC | 1,053,778 | $281.4M | 0.0% | +178,614 |
| Wellington Management Group Llp | 961,169 | $256.7M | 0.0% | −58,752 |
| Jane Street Group, LLC | 902,553 | $241.0M | 0.2% | +504,738 |
| Massachusetts Financial Services Co /ma/ | 820,626 | $221.7M | 0.1% | +212,128 |
| Morgan Stanley | 776,527 | $207.3M | 0.0% | +253,400 |
| Capital World Investors | 675,428 | $180.4M | 0.0% | +17,757 |
| Goldman Sachs Group Inc | 640,419 | $171.0M | 0.0% | −1,462 |
| Dimensional Fund Advisors LP | 631,360 | $168.6M | 0.0% | −189,208 |
| Congress Asset Management Co | 629,268 | $168.0M | 1.0% | −21,405 |
| Norges Bank | 587,047 | $156.8M | 0.0% | New |
| Charles Schwab Investment Management Inc | 581,073 | $155.2M | 0.0% | −118,245 |
| Reinhart Partners, Llc. | 555,686 | $148.4M | 3.4% | −45,514 |
| Ameriprise Financial Inc | 539,766 | $144.1M | 0.0% | +70,818 |
| Alliancebernstein L.P. | 639,778 | $138.6M | 0.0% | +67,521 |
| UBS Group AG | 515,354 | $137.6M | 0.0% | −43,397 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How MODINE MANUFACTURING CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMODINE MANUFACTURING CO1
- CIK0000067347
- Employer ID (EIN)39-04820006
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inWisconsin6
- Fiscal year endsMarch 311
- Industry code (SIC)3714 Motor Vehicle Parts & Accessories1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address1500 Dekoven Ave, Racine, WI 534031
- Phone26263612001
- Shares outstanding53,112,708 as of Jul 24, 202614
- Public float$7.4B as of Sep 30, 20256
- AuditorKPMG LLP, Milwaukee, Wisconsin PCAOB ID 185; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceJan 27, 19951
- Filings2,657 in all: 4 (1,637), 8-K (331), SC 13G/A (104), 10-Q (95), SC 13D/A (52), 144 (45), 11-K (40), 3 (40)1
All 43 form types
4/A (38), DEF 14A (34), S-8 (28), 10-K (27), SC 13G (23), 425 (18), ARS (17), 8-K/A (16), DEFA14A (16), S-8 POS (13), SD (13), UPLOAD (13), SCHEDULE 13G/A (9), CORRESP (8), 10-K405 (5), 15-15D (4), 10-K/A (3), 424B5 (3), 8-A12G/A (3), 11-K/A (2), EFFECT (2), PRE 14A (2), S-3 (2), SC 13D (2), SCHEDULE 13G (2), 10-Q/A (1), 15-12G (1), 424B3 (1), 8-A12B (1), 8-A12B/A (1), CERTNYS (1), NT 10-Q (1), S-4 (1), S-4/A (1), SE (1)
- Latest filingsAnnual report (10-K) May 27, 2026
Quarterly report (10-Q) Jul 30, 2026
Proxy statement (DEF 14A) Oct 13, 2026
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.625 par value | MOD | New York Stock Exchange |
From the cover page of the 10-K filed May 27, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks MODINE MANUFACTURING CO names in Item 1A of its 10-K filed May 27, 2026: 32 risks under these headings, as written.6
- Economic uncertainties
- Economic, political, and general market conditions could adversely affect our business, financial position, results of operations and cash flows.
- Changes in U.S. or international trade policies, including the imposition of or increases in tariffs, could adversely affect our business, financial position, results of operations and cash flows.
- A future widespread outbreak of an illness or other public health threat could adversely affect our business, financial position, results of operations and cash flows.
- Customer and supplier matters
- Increases in costs of materials, including aluminum, copper, steel and stainless steel (nickel), other raw materials and purchased components, could place significant pressure on our results of operations and cash flows.
- We could be adversely affected if we experience shortages of components or materials from our suppliers.
- Our net sales and profitability could be adversely affected from business losses or declines with major customers.
- Our results of operations could be adversely affected by pricing pressures from our customers.
- Our pricing strategies could negatively impact our overall win rate for new business.
- Climate and sustainability risks
- Global climate change and related emphasis on sustainability goals by various stakeholders could negatively affect our business.
The other 23 risks
- Competitive environment
- Continued and increased competition could adversely affect our business and our results of operations.
- Complexities of global presence
- We are subject to risks related to our international operations and global customer and supplier base.
- Challenges of maintaining a competitive cost structure
- We may be unable to maintain competitive cost structures.
- Challenges of technology advantage, product development and product launches
- If we cannot differentiate ourselves from our competitors with our technology, our existing and potential customers may seek lower prices and our sales and earnings may be adversely affected.
- Developments or assertions by or against us relating to intellectual property rights could adversely affect our business.
- We regularly launch new products and system designs at our facilities across the world. The success of these launches is critical to our business and results of operations.
- Information technology (“IT”) systems
- We may be adversely affected by a substantial disruption in, or material breach of, our IT systems or IT systems of our service providers.
- Environmental, health and safety regulations
- We could be adversely impacted by the costs of environmental, health and safety regulations.
- Claims and litigation
- We may incur material losses and costs as a result of warranty and product liability claims and litigation or other legal proceedings.
- Pending Reverse Morris Trust transaction
- The pending Reverse Morris Trust transaction with Gentherm is subject to various risks and uncertainties. There can be no assurance that it will be completed on the terms and timeline planned, if at all, and it will result in significant costs to the Company.
- We are subject to risks and uncertainties while the Reverse Morris Trust transaction with Gentherm is pending.
- We may be unable to achieve some or all of the anticipated benefits from the pending Reverse Morris Trust transaction with Gentherm.
- There can be no assurance as to the value of the shares of the combined company to be received by our shareholders in the pending Reverse Morris Trust transaction with Gentherm.
- Business growth and optimization strategies
- We are strategically focused on growing our Data Centers business. We may not realize the sales growth anticipated to data center customers.
- Our business strategy includes acquisitions and dispositions. We may be unable to identify, execute, and successfully integrate acquisitions or successfully execute strategic business dispositions.
- Liquidity and access to cash
- Our indebtedness may limit our use of cash flow to support operating, development and investment activities, and failure to comply with our debt covenants could adversely affect our liquidity and financial results.
- Goodwill and intangible assets
- Our balance sheet includes significant amounts of goodwill and intangible assets. An impairment of a significant portion of these assets would adversely affect our financial results.
- We may be subject to additional income tax expense or become subject to additional tax exposures.
- Customers and markets
- We are dependent upon the health of the customers and markets we serve.
- Exposure to foreign currencies
- As a global company, we are subject to foreign currency rate fluctuations, which affect our financial results.
- Attracting and retaining talent
- Our future success is dependent on our ability to attract, develop and retain qualified personnel.
Legal proceedings
The information required hereunder is incorporated by reference from Note 20 of the Notes to Consolidated Financial Statements.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 7
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- 19
- 20SEC EDGARArthur Laszlo Jr., President
- 21SEC EDGARJeremy Michael Patten, President
- 22SEC EDGAREric S. McGinnis, President
- 23SEC EDGARAdrian Ian Peace, President
- 24
- 25
- 26
- 27
- 28
- 29
- 30SEC EDGARErin Jennifer Roth, VP, GC and CCO
- 31SEC EDGAREric S. McGinnis, VP, Building HVAC
- 32SEC EDGARAdrian Ian Peace, VP, CIS
- 33SEC EDGARBrian Jon Agen, VP, Human Resources
- 34
- 35
- 36
- 37
- 38SEC EDGARHolger Schwab, Regional VP - Europe
- 39
- 40
- 41
- 42SEC EDGARThomas F. Marry, Regional VP - Asia
- 43
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- 46
- 47
- 48
- 49
- 50
- 51SEC EDGARRoger L. Hetrick, VP Human Resources
- 52
- 53
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- 55
- 56
- 57SEC EDGARAlan S. Lowe, Board member
- 58SEC EDGARGary Mark Bendza, Board member
- 59SEC EDGARDavid J. Wilson, Board member
- 60SEC EDGARWilliam A. Wulfsohn, Board member
- 61
- 62SEC EDGAREric D. Ashleman, Board member
- 63SEC EDGARDavid G. Bills, Board member
- 64SEC EDGARChristine Y. Yan, Board member
- 65SEC EDGARMary L. Petrovich, Board member
- 66SEC EDGARSuresh Garimella V., Board member
- 67SEC EDGARThomas Andrew Burke, Board member
- 68SEC EDGARLarry Oscar Moore, Board member
- 69SEC EDGARFrank P. Incropera, Board member
- 70SEC EDGARMarsha C. Williams, Board member
- 71SEC EDGARVincent L. Martin, Board member
- 72SEC EDGARDennis J. Kuester, Board member
- 73SEC EDGARFrank Wyman Jones, Board member
- 74SEC EDGARGary L. Neale, Board member
- 75SEC EDGARMichael T. Yonker, Board member
- 76SEC EDGARRichard J. Doyle, Board member
- 77SEC EDGARCharles P. Cooley, Board member
- 78SEC EDGARFinancial statements and exhibits
- 79
- 80SEC EDGARRegulation FD disclosure
- 81SEC EDGAROther events
- 82SEC EDGARShareholder vote
- 83SEC EDGARResults of operations
- 84SEC EDGARRegulation FD disclosure
- 85SEC EDGARResults of operations
- 86SEC EDGAREntered a material agreement
- 87SEC EDGARRegulation FD disclosure
- 88SEC EDGARResults of operations
- 89
- 90NasdaqNasdaq calendar
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