Modine ( (MOD) ) has provided an update.
On February 26, 2025, Modine announced that Adrian I. Peace will step down from his role as President of Performance Technologies, with his employment ending on September 30, 2025. During the interim, Neil Brinker, the company’s President and CEO, will oversee the segment. Modine plans to search for Peace’s successor while continuing its strategy to enhance the Performance Technologies segment’s growth and profitability. The company aims to achieve adjusted EBITDA margins of 15% to 18% over the next two years, leveraging its 80/20 discipline to maintain its strategic trajectory.
More about Modine
Modine is a global leader in thermal management technology and solutions, with over 100 years of experience. The company focuses on improving air quality, reducing energy and water consumption, and enabling cleaner vehicles and environmentally friendly refrigerants. Modine operates in North America, South America, Europe, and Asia, with its headquarters in Racine, Wisconsin.
YTD Price Performance: -25.10%
Average Trading Volume: 1,113,581
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.57B
See more data about MOD stock on TipRanks’ Stock Analysis page.