Modine Manufacturing (MOD) Tops Q3 EPS by 8c, Revenues Beat; Offers FY19 EPS Below Consensus

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Go back to Modine Manufacturing (MOD) Tops Q3 EPS by 8c, Revenues Beat; Offers FY19 EPS Below Consensus

Modine Manufacturing (MOD) Says It's Exploring Strategic Alternatives for Automotive Business

January 29, 2019 5:03 PM EST

Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that it is exploring strategic alternatives for its Automotive business.

"Today's announcement reinforces our strategic priority to continue to grow our global, market leading positions in Commercial HVAC, Refrigeration, Commercial Vehicle, and Off-Highway market segments, both organically and inorganically," Burke added. "Building upon the momentum from our significant acquisition in 2016, which created our Commercial & Industrial Solutions (CIS) division, Modine has become and will continue to be a more diversified industrial, thermal management company with higher margins,... More