Modine Manufacturing Company, Inc.

Modine Manufacturing Company, Inc.

Modine Manufacturing Company, Inc.

Overview
Date Founded

1916

Headquarters

1500 DeKoven Avenue, Racine, WI, 53403-2552, USA

Type of Company

Public

Employees (Worldwide)

12.2K

Industries

Auto Parts & Tires
Automobiles

Company Description

Modine Manufacturing Co. engages in provision of thermal management solutions. It operates through the following segments: Vehicular Thermal Solutions (VST), Commercial and Industrial Solutions (CIS), and Building HVAC Systems (BHVAC). The VTS segment provides engineered heat transfer systems and components for use in on- and off-highway original equipment. The CIS segment offers thermal management products including customized coils and coolers. The BHVAC segment includes heating, ventilating, and air conditioning products, primarily for commercial buildings and related applications. The company was founded by Arthur B. Modine on June 23, 1916 and is headquartered in Racine, WI.

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Executives & Employees

President & Chief Executive Officer

Vice President, Finance & Chief Financial Officer

Vice President, General Counsel & Corporate Secretary

Vice President, Chief Technology Officer

Vice President, Treasurer & Investor Relations

Vice President, Corporate Controller

Vice President, Building HVAC & Corporate Strategy

Vice President, Human Resources

Vice President, Commercial & Industrial Solutions & Chief Operating Officer

Vice President, Global Coils & Coolers

Board of Directors

McDermott International, Inc.

President & Chief Executive Officer at Modine Manufacturing Company, Inc.

Former Senior Vice President, Treasurer & Chief Financial Officer at The Lubrizol Corporation

Former President, Chief Executive Officer & Director at Danfoss Power Solutions, Inc.

Former President & Chief Executive Officer at Daimler Trucks North America LLC

President, Americas at Emhart Fastening Teknologies

Senior Vice President & Chief Operating Officer at IDEX Corp.

President at University of Vermont

Senior Advisor at Incentrum Group

Former Senior Vice President-Operations & Module Centers at The Pratt & Whitney Co., Inc.

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Owners & Shareholders
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DCA utilizes various approaches including those grounded in microeconomics and industrial economics in conducting their analysis. The fund has an investment horizon of one to three years for core positions and has found that this time frame matches the time required for a successful transition. The firm may also engage in short-term investing to capitalize on dislocations of stock prices that they believe are temporary. Their framework is based on firm dynamics (at the company level) and industrial economics (at the industry level) and is combined with a thorough knowledge of law, finance, and accounting. To develop insight into the strength and resiliency of their operations, DCA attempts to integrate balance sheets with the income statements of companies.

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Snow Capital Management specializes in relative value equity management. They employ bottom-up analysis to identify undervalued, out-of-favor companies that have sound balance sheets but have been oversold due to a development or event that is likely to be temporary. Reasons may be micro-related, such as lower than expected earnings, bearish future expectations, pending litigation or failure to gain FDA approval. Reasons may also be macro-related such as inflation, interest rates, geo-political concerns or foreign exchange rates. Snow Capital identifies companies that may benefit from a potential catalytic development within their organization, industry or market segment. They look for catalysts that fuel both earnings recovery and P/E expansion that lead to a significantly higher stock price.Snow Capital's All Cap Value portfolios consist of 35 to 40 stocks that are equally weighted at the time of purchase. Stocks are selected primarily on the upside potential reflected in their target prices, but consideration is also given to constructing a diversified portfolio. No stock is allowed to exceed 10% of the portfolios market value and no industry can exceed 25%. Market-cap is not a consideration in stock selection, except that stocks with a market-cap less than $1.5 billion are limited to a one-half weight position size.The firm's Large-Cap Value portfolios consists of 40 to 60 stocks, selected primarily on the upside potential reflected in their target prices, but consideration may also be given to maintaining their 4%-7% tracking error target versus the benchmark (the Russell 1000 Value Index). Individual stock over-weights relative to the benchmark, typically up to 3%, are conviction-weighted based on the upside potential reflected in their target prices. Unattractive stocks are not held regardless of their weight in the benchmark.

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RK Capital Management invests primarily in the stocks of small-cap US companies across a in the producer manufacturing, healthcare technology, electronic technology, technology services commercial services and finance sectors. The firm maintains a medium turnover rate.

Recent Transactions
Details Hidden

Modine Manufacturing Company, Inc. purchases Luvata Heat Transfer Solutions II AB from Luvata UK Ltd.

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Modine Manufacturing Company, Inc., Airedale International Air Conditioning Ltd. purchase Barkell Ltd.

Details Hidden

Hörmann GmbH & Co. Beteiligungs KG purchases Modine Wackersdorf GmbH from Modine Manufacturing Company, Inc. resulting in a new company Hörmann Automotive Wackersdorf GmbH

Transaction Advisors
Underwriter

Advised onModine Manufacturing Company, Inc. issued Common Stock

Accountant

Advised onModine Manufacturing Company, Inc. purchases Thermacore International, Inc.

Investment Advisor

Advised onModine Manufacturing Company, Inc. purchases Luvata Heat Transfer Solutions II AB from Luvata UK Ltd.

Legal Advisor

Advised onModine Manufacturing Company, Inc. purchases Luvata Heat Transfer Solutions II AB from Luvata UK Ltd.

Legal Advisor

Advised onModine Manufacturing Company, Inc. purchases Luvata Heat Transfer Solutions II AB from Luvata UK Ltd.

Legal Advisor

Advised onModine Manufacturing Company, Inc. purchases Luvata Heat Transfer Solutions II AB from Luvata UK Ltd.

Advisors & Consultants
Advisor

Former Vice President, Vehicular Thermal Solutions at Modine Manufacturing Company, Inc.

Advisor

Former Tax Partner at PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft

Clients

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers a proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. The company was founded in 1902 and is headquartered in Lisle, IL.

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Key Stats and Financials As of 2019
Market Capitalization
$407M
Total Enterprise Value
$1.13B
Earnings Per Share
$1.65
Revenue
$2.21B
Enterprise Value Sales
0.51x
Enterprise Value EBITDAOperating
5.63x
TEVNet Income
13.35x
Debt TEV
0.4x
EBITDAMargin
9.04%
Net Profit
$84.4M
EBITDA
$200M
Total Debt
$450M
Total Equity
$541M
Suppliers
Aleris Corp. Holding Companies | Cleveland, OH

Aleris Corp. engages in the manufacture of aluminum rolled products. It operates through the following geographical segments: North America, Europe, and Asia Pacific. The North America segment consists nine manufacturing facilities. The Europe segment includes two aluminum rolling mills and aluminum cast house. The Asia Pacific segment comprises the Zhengjiang rolling mill. The company was founded in 2004 and is headquartered in Cleveland, OH.

Norsk Hydro ASA Alternative Energy | Oslo, PS

Norsk Hydro ASA engages in producing and supplying alumina and primary aluminum. It operates through the following segments: Bauxite & Alumina; Primary Metal; Metal Markets; Rolled Products; Extended Solutions; Energy; and Other Eliminations. The Bauxite & Alumina segment include bauxite mining activities, sourcing arrangements, and alumina commercial operations. The Primary Metal segment focuses on the production, remelting and casting activities of aluminum. The Metal Markets segment involves all sales and distribution activities relating to products from its primary metal plants and operational responsibility. The Rolled Products segment consists of rolling mills located in Europe. The Energy segment manages captive hydropower production, external power sourcing arrangements to the aluminum business and identifying and developing energy solutions. The Extruded Products segment relates to extrusion based business, located mainly in Europe and the Americas, which is focused on delivering solutions to the building and construction, transportation, and engineered products industries. The company was founded on December 2, 1905 and is headquartered in Oslo, Norway.

Sanoh Industrial Co., Ltd. Wholesale: Industrial Products & Manufacturing | Tokyo, TY

Sanoh Industrial Co., Ltd. engages in the manufacture and sale of automobile parts, electrical devices parts, and equipment. Its products include tubings, chassis products, brazed products, and wire condensers. Its operations are carried out through the following segments: Japan, North and South America, Europe, China, and Asia. The company was founded on March 24, 1939 and is headquartered in Tokyo, Japan.

Competitors
Ingersoll-Rand Plc Other Manufacturing - Swords, DU

Ingersoll Rand (NYSE:IR) is a world leader in creating and sustaining safe, comfortable and efficient environments. We inspire progress through unleashing the potential in people and technologies to advance the quality of life. By making environments safe, comfortable and efficient, we enable our customers to achieve progress and create a positive impact in their world. Ingersoll Rand is a $14 billion global company committed to sustainability business practices within our company and our customers..

AAON, Inc. Other Manufacturing - Tulsa, OK

AAON (NASDAQ: AAON) designs, manufactures and sells semi-custom heating, ventilation and air conditioning equipment (HVAC) for commercial and residential use. AAON is a world leader in creating comfortable and healthy indoor environments, efficiently, through the manufacture of premium HVAC equipment. AAON, Inc was founded in 1988 with the acquisition of the heating and air conditioning division of the John Zink Company. AAON Coil Products, Inc. was founded in 1991 with the acquisition of Coils Plus, Inc. of Longview, Texas. Expansion and growth continue today with the addition of new production lines and new machinery. The Tulsa offices and manufacturing facilities are over 1.2 million sq. ft.; the Longview offices and manufacturing facilities are over 250,000 sq. ft. In the two plants combined, AAON employees 1300+ individuals.

Johnson Controls International PLC Auto Parts & Tires - Cork, CK

Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential. The company was established in 1885 and is headquartered in Cork, Ireland.

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