SEC Filings
Modine's Data Center Boom Burned $57.1 Million In Operating Cash Over Six Months
Sales rose 35% last quarter, but inventory swelled and the revolver drew $460.0 million, leaving $84.2 million of room.
MOD
Modine Manufacturing (MOD) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
Modine Says Supplier Costs Will Slow Data Center Margin Recovery Even As It Lifts Revenue Outlook
The CFO said materials cost the data center unit about 375 basis points of margin last quarter, and that the drag is lasting longer than planned.
Markets
Modine Stock Plunges 20%, Wiping Out $1.3 Billion, After Tax Charge Cuts Profit
The thermal-management maker's adjusted earnings came in under the analyst average even as data center sales rose 95%.
Earnings
Modine's Data Centers Sales Soar 95% To $439.7 Million, But a $29.5 Million Tax Charge Cuts Profit
Net earnings fell 32% to $30.3 million on spin-off tax costs, while Modine raised its revenue outlook for the businesses it kept.
Deals
Modine Triples CEO Brinker's Takeover Severance Multiple, Extends Protection To CFO And General Counsel
The board lifted the CEO's change-in-control severance to three times salary plus bonus and sweetened stock awards for executives after a takeover.
SEC Filings
Modine Completes $946 Million Spin-Off Of Performance Technologies, Pockets $156 Million To Repay Debt
The Wisconsin manufacturer closed its Reverse Morris Trust deal with Gentherm on Thursday, reshaping itself into a data center cooling and commercial HVAC company.