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Last $8.90 USD
Change Today +0.05 / 0.56%
Volume 131.3K
MOD On Other Exchanges
New York
As of 8:04 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1500 DeKoven Avenue

Racine, WI 53403

United States

Phone: 262-636-1200

Fax: 262-636-1424

Modine Manufacturing Company specializes in thermal management systems and components. The company’s products include radiators and radiator cores, condensers, oil coolers, charge air coolers, heat-transfer modules and assemblies, exhaust gas recirculation (EGR) coolers, and building heating, ventilating and air conditioning (HVAC) equipment for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications. Segments The company operates through five segments: North America, Europe, South America, Asia, and Building HVAC. North America, South America, Europe, and Asia segments The company has a presence in various markets, such as the U.S., Europe, Brazil, China, India, South Korea, Japan, Russia, and Mexico. The North America, South America, Europe, and Asia segments represent its original equipment segments and serve the following markets:. Commercial Vehicle The company offers powertrain cooling (engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks); on-engine cooling (EGR coolers, engine oil coolers, fuel coolers, charge air coolers and intake air coolers); and auxiliary coolers (transmission and retarder oil coolers and power steering coolers). Customers: The company serves commercial, medium- and heavy-duty truck and engine manufacturers; and bus and specialty vehicle manufacturers. Competition: The company compete with Mahle Behr; TitanX; T. Rad Co. Ltd.; BorgWarner; and Tata Toyo. Off-Highway The company offers powertrain cooling, such as engine cooling modules, radiators, condensers, charge air coolers, fuel coolers and oil coolers; auxiliary coolers, such as power steering coolers and transmission oil coolers; and on-engine cooling, such as EGR coolers, engine oil coolers, fuel coolers, charge air coolers and intake air coolers. Customers: The company serves construction, agricultural, and mining equipment and engine manufacturers, and industrial manufacturers of material handling equipment, generator sets and compressors. Competition: The company competes with Adams Thermal Systems Inc.; AKG Group; Denso Corporation; Zhejiang Yinlun Machinery Co., Ltd.; ThermaSys Corp.; Doowon; Donghwan; T. Rad Co. Ltd.; Mahle Industrial Thermal Systems; KALE OTO RADYATÖR; and RAAL. Automotive The company offers powertrain cooling, such as engine cooling assemblies, radiators, condensers and charge air coolers; auxiliary cooling, such as power steering coolers and transmission oil coolers; component assemblies; radiators for special applications; on-engine cooling, such as EGR coolers, engine oil coolers, fuel coolers, charge air coolers and intake air coolers; and battery cooling, such as layered core battery chillers. Customers: The company’s customers include automobile, light truck, and power sports vehicle and engine manufacturers. Competition: The company competes with Mahle Behr; Dana Corporation; Delphi Corporation; Denso Corporation; Visteon Corporation; BorgWarner; and Valeo SA. Building HVAC segment The company offers unit heaters, such as gas-fired, hydronic, electric and oil-fired; duct furnaces comprising indoor and outdoor; infrared units, including high- and low-intensity; hydronic products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; commercial packaged rooftop ventilation units; unit ventilators; single packaged vertical units; geothermal and water-source heat pumps; precision air conditioning units for data center applications; air-handling units; chillers; ceiling cassettes; and condensing units. Customers: The company serves mechanical contractors; HVAC wholesalers; installers; and end users in various commercial and industrial applications, including banking and finance, data center management, education, hospitality, telecommunications, entertainment arenas, hotels, restaurants, hospitals, warehousing, manufacturing, and food and beverage processing. Competition: The company’s competitors include Lennox International Inc. (ADP); CES (Reznor); Mestek Inc. (Sterling); Emerson Electric Company (Liebert); Stulz; Schneider Electric (APC / Uniflair); Johnson Controls, Inc. (York); Daikin (McQuay International); System Air (ChangeAir); Bard Manufacturing; and Aaon, Inc. Customers The company’s customers include BMW; Caterpillar; Daimler AG (including Daimler Trucks, Mercedes- Benz, Mitsubishi Fuso Trucks, Thomas Buses and Western Star Trucks); Deere & Company; Denso Corporation; Ford Motor Co.; Navistar; Volkswagen AG (including Audi, MAN, Porsche and Scania); Volvo; and ZF Friedrichshafen AG. In 2015, Daimler AG and Volkswagen AG each accounted for 10 percent or more of its sales. Patents The company has been granted and/or acquired approximately 2,000 patents worldwide over the life of its company. Research and Development The company’s research and development expenditures, including certain application engineering costs for specific customer solutions, were $62 million in fiscal 2015. Seasonality The company’s second quarter production schedules are impacted by customer summer shut downs and its third quarter is affected by holiday schedules. Additionally, the Building HVAC segment experiences some seasonality as demand for HVAC products can be affected by heating and cooling seasons, weather patterns, construction, and other factors. Generally, sales volume within the Building HVAC segment is stronger in its second and third quarters, corresponding with demand for heating products. History Modine Manufacturing Company was founded in 1916. The company was incorporated under the laws of the state of Wisconsin in 1916.


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