Modine Manufacturing Company
Modine Announces $100 Million Share Repurchase Program
Summary
On March 6, 2025, Modine Manufacturing Company's Board of Directors authorized a new share repurchase program allowing the company to repurchase up to $100 million of its common stock. The program, which is effective immediately and does not expire, enables the company to buy back shares based on various factors such as capital needs, share price, and market conditions. The authorization does not obligate the company to purchase any shares and can be suspended or modified by the Board at any time. A press release announcing this decision was issued on March 7, 2025.
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About Modine Manufacturing Company
Modine Manufacturing Company, a prominent player in the industrial sector, specializes in thermal management solutions. Established in 1916 and headquartered in Racine, Wisconsin, Modine is dedicated to developing and manufacturing heat transfer products that serve a wide array of applications. These products include radiators, oil coolers, and HVAC components which are utilized across diverse industries such as automotive, commercial vehicles, building HVAC systems, and power generation. With a focus on innovation and sustainability, Modine addresses the increasing global demand for energy-efficient and environment-friendly heating and cooling systems. The company's extensive expertise and advanced engineering capabilities allow it to cater to both standard and customized solutions for clients worldwide, maintaining a significant presence in emerging and established markets. Modine's impact is substantial, as it supports critical sectors by providing products that ensure effective thermal management, thereby enhancing performance and safety standards in various applications. Through continuous investment in research and development, Modine Manufacturing Company strives to lead in thermal innovation and operational excellence, reinforcing its commitment to improving industrial energy efficiency and environmental performance.
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