# MODINE MANUFACTURING CO

Summary updated: 2026-10-03T22:20:14.857685Z
Canonical: https://finbar.com/research/companies/modine-manufacturing-co

## Overview

Modine Manufacturing Company is a global thermal-management company that designs, engineers and manufactures heating, cooling and ventilation systems for data centers, buildings, commercial and industrial applications, and on- and off-highway vehicles. Its products include data-center cooling equipment, HVAC technologies, heat exchangers and vehicle thermal systems. In FY2026, it reported Climate Solutions and Performance Technologies segments; effective April 1, 2026, Climate Solutions was divided into Data Centers and Commercial HVAC. [1](https://app.finbar.com/go?id=P123256838)[2](https://app.finbar.com/go?id=P123257479)[3](https://app.finbar.com/go?id=P123257197)[4](https://app.finbar.com/go?id=P123257203)[5](https://app.finbar.com/go?id=P123257199)

Modine operates across four continents, with manufacturing facilities in countries including Brazil, Canada, China, India and Mexico, as well as Europe; about 47% of FY2026 sales were generated outside the United States. Net sales were $3.181 billion for the fiscal year ended March 31, 2026. The company’s careers site describes a global workforce of more than 13,000 employees. [6](https://app.finbar.com/go?id=P123256991)[7](https://app.finbar.com/go?id=P123257406)[8](https://app.finbar.com/go?id=T14179731)[9](https://careers.modine.com/) Modine’s stated purpose is “Engineering a Cleaner, Healthier World,” with a mission focused on applying thermal-management expertise to improve air quality and reduce energy use, water use and emissions. Founded in 1916, the company traces its origins to Arthur B. Modine’s radiator business. [10](https://app.finbar.com/go?id=P123256857)[11](https://app.finbar.com/go?id=P123256850)
[1](https://app.finbar.com/go?id=P123256838)[2](https://app.finbar.com/go?id=P123257479)[3](https://app.finbar.com/go?id=P123257197)[4](https://app.finbar.com/go?id=P123257203)[5](https://app.finbar.com/go?id=P123257199)[6](https://app.finbar.com/go?id=P123256991)[7](https://app.finbar.com/go?id=P123257406)[8](https://app.finbar.com/go?id=T14179731)[10](https://app.finbar.com/go?id=P123256857)[11](https://app.finbar.com/go?id=P123256850)[9](https://careers.modine.com/)

## Products & services

Modine’s FY2026 products included data-center cooling systems such as chillers, dry coolers, precision air-handling units, CRAC/CRAH units, fan walls, rear-door heat exchangers, coolant distribution units, immersion cooling and modular data-center solutions. The company also listed replacement parts, maintenance, controls and building-management solutions. [12](https://app.finbar.com/go?id=P123256884) Airedale by Modine described TurboChill as an air-cooled hybrid chiller for AI data centers, combining free cooling with mechanical cooling for peak loads; its announcement identified a 3+ MW platform. [13](https://investors.modine.com/news/news-details/2026/Airedale-by-Modine-Unveils-TurboChill-3MW-Redefining-Air-Cooled-Efficiency-for-AI-Data-Centers/default.aspx)

Other product lines included heat-exchanger coils, anti-corrosion coatings, commercial and industrial refrigeration products, and cooling solutions for power generation and transmission. [14](https://app.finbar.com/go?id=P123257642) HVAC products included unit heaters, makeup-air units, duct furnaces, infrared and perimeter heating, packaged unit ventilators, ceiling cassettes, modular chillers, air handlers, condensing units and desiccant dehumidifiers. [3](https://app.finbar.com/go?id=P123257197) Modine also described customer-facing engineering support, including working with customers on projects and system designs. [15](https://app.finbar.com/go?id=P123256937)

For FY2026, reported product-group sales were $1,112.1 million for Data Centers (35.0% of consolidated net sales), $584.1 million for Heat Transfer Solutions (18.4%), and $359.2 million for HVAC Technologies (11.3%). Heavy-Duty Equipment generated $409.3 million (12.9%) and On-Highway Applications $716.4 million (22.5%). Percentages are calculated from the reported $3,181.1 million in consolidated net sales. [16](https://app.finbar.com/go?id=T14179786) These latter two groups belonged to Performance Technologies, which Modine spun off and combined with Gentherm on October 1, 2026; they are therefore historical FY2026 products and sales, not part of Modine’s post-transaction portfolio. [17](https://app.finbar.com/go?id=P123257998)[18](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx)
[12](https://app.finbar.com/go?id=P123256884)[14](https://app.finbar.com/go?id=P123257642)[3](https://app.finbar.com/go?id=P123257197)[15](https://app.finbar.com/go?id=P123256937)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[17](https://app.finbar.com/go?id=P123257998)[13](https://investors.modine.com/news/news-details/2026/Airedale-by-Modine-Unveils-TurboChill-3MW-Redefining-Air-Cooled-Efficiency-for-AI-Data-Centers/default.aspx)[18](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx)

## Geographic presence

Modine’s FY2026 filing lists operations in the United States, Canada, and Mexico in North America; Brazil in South America; Germany, Hungary, Italy, the Netherlands, Serbia, Spain, Sweden, and the United Kingdom in Europe; and China, India, South Korea, and the United Arab Emirates in Asia [19](https://app.finbar.com/go?id=T14179713)[20](https://app.finbar.com/go?id=P123256916). The company reports manufacturing facilities in Brazil, Canada, China, India, Mexico, and throughout Europe, as well as joint ventures in China and South Korea [7](https://app.finbar.com/go?id=P123257406). Its corporate headquarters are in Racine, Wisconsin [21](https://www.modine.com/contact-us/).

For the fiscal year ended March 31, 2026, Modine’s geographic sales table reports $2,129.3 million for the Americas, $838.2 million for Europe, and $226.6 million for Asia—approximately 66.7%, 26.2%, and 7.1%, respectively, of the table’s $3,194.1 million total [16](https://app.finbar.com/go?id=T14179786). That table includes inter-segment sales; separately, the company reports that approximately 47% of FY2026 sales were generated outside the United States [7](https://app.finbar.com/go?id=P123257406).
[19](https://app.finbar.com/go?id=T14179713)[20](https://app.finbar.com/go?id=P123256916)[7](https://app.finbar.com/go?id=P123257406)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[21](https://www.modine.com/contact-us/)

## Business segments

For fiscal 2026, Modine reported two operating segments: **Climate Solutions**, focused on data-center cooling, heat-transfer products and services, and HVAC technologies; and **Performance Technologies**, focused on thermal-management products and systems for heavy-duty equipment and on-highway applications. [3](https://app.finbar.com/go?id=P123257197)[14](https://app.finbar.com/go?id=P123257642)[4](https://app.finbar.com/go?id=P123257203)[22](https://app.finbar.com/go?id=P123257645) Based on external sales of $2,055.4 million for Climate Solutions and $1,125.7 million for Performance Technologies, the segments contributed approximately **64.6%** and **35.4%**, respectively, of consolidated sales of $3,181.1 million. [23](https://app.finbar.com/go?id=T14179854)[16](https://app.finbar.com/go?id=T14179786)

Climate Solutions’ product groups include data-center cooling equipment and services; heat-transfer solutions such as heat-exchanger coils, coatings and refrigeration products; and commercial and residential HVAC and indoor-air-quality products. [3](https://app.finbar.com/go?id=P123257197)[14](https://app.finbar.com/go?id=P123257642) Performance Technologies’ product groups serve heavy-duty agricultural and construction equipment and stationary generators, as well as commercial vehicles, automotive, buses and specialty vehicles, including hybrid and zero-emission applications. [4](https://app.finbar.com/go?id=P123257203)[22](https://app.finbar.com/go?id=P123257645) Effective April 1, 2026, Modine split Climate Solutions into **Data Centers** and **Commercial HVAC** segments; those segments therefore do not have separate full-year fiscal 2026 contribution figures in the annual results cited here. [5](https://app.finbar.com/go?id=P123257199)
[3](https://app.finbar.com/go?id=P123257197)[14](https://app.finbar.com/go?id=P123257642)[4](https://app.finbar.com/go?id=P123257203)[22](https://app.finbar.com/go?id=P123257645)[23](https://app.finbar.com/go?id=T14179854)[23](https://app.finbar.com/go?id=T14179854)[23](https://app.finbar.com/go?id=T14179854)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[16](https://app.finbar.com/go?id=T14179786)[5](https://app.finbar.com/go?id=P123257199)

## Company history

Modine Manufacturing was founded in Racine, Wisconsin, on June 23, 1916, by Arthur B. Modine. Its early growth centered on heat-transfer products, including Turbotube radiators used in Ford Model T cars and an early unit heater. [11](https://app.finbar.com/go?id=P123256850)[24](https://www.modine.com/who-we-are/about-modine/)

The company expanded into thermal management and HVAC through acquisitions, including Thermacore International in 2001 and Airedale International Air Conditioning in 2005. In 2016, it acquired Luvata Heat Transfer Solutions, broadening its heat-transfer products and commercial and industrial HVAC operations. [25](https://www.sec.gov/Archives/edgar/data/67347/000006734701500013/r8k430ex.txt)[26](https://www.sec.gov/Archives/edgar/data/67347/000006734705000117/exh991.htm)[27](https://investors.modine.com/news/news-details/2016/Modine-Completes-Acquisition-of-Luvata-Heat-Transfer-Solutions/default.aspx)

During the 2020s, Modine reshaped its automotive portfolio, completing the sale of its Austrian air-cooled automotive business in 2021 and selling three German automotive businesses in 2023. It also expanded its indoor air quality and cooling portfolio with the acquisitions of Napps Technology in 2023 and Scott Springfield Manufacturing in 2024. Neil D. Brinker became president and CEO in December 2020. [28](https://investors.modine.com/news/news-details/2021/Modine-Completes-the-Sale-of-its-Austrian-Automotive-Business/default.aspx)[29](https://app.finbar.com/go?id=P109530324)[30](https://app.finbar.com/go?id=P49792964)[31](https://app.finbar.com/go?id=P123257149)
[11](https://app.finbar.com/go?id=P123256850)[29](https://app.finbar.com/go?id=P109530324)[30](https://app.finbar.com/go?id=P49792964)[31](https://app.finbar.com/go?id=P123257149)[24](https://www.modine.com/who-we-are/about-modine/)[25](https://www.sec.gov/Archives/edgar/data/67347/000006734701500013/r8k430ex.txt)[26](https://www.sec.gov/Archives/edgar/data/67347/000006734705000117/exh991.htm)[27](https://investors.modine.com/news/news-details/2016/Modine-Completes-Acquisition-of-Luvata-Heat-Transfer-Solutions/default.aspx)[28](https://investors.modine.com/news/news-details/2021/Modine-Completes-the-Sale-of-its-Austrian-Automotive-Business/default.aspx)

## Sources

1. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256838)
2. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257479)
3. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257197)
4. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257203)
5. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257199)
6. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256991)
7. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257406)
8. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=T14179731)
9. [careers.modine.com](https://careers.modine.com/)
10. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256857)
11. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256850)
12. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256884)
13. [investors.modine.com](https://investors.modine.com/news/news-details/2026/Airedale-by-Modine-Unveils-TurboChill-3MW-Redefining-Air-Cooled-Efficiency-for-AI-Data-Centers/default.aspx)
14. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257642)
15. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256937)
16. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=T14179786)
17. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257998)
18. [investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx)
19. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=T14179713)
20. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123256916)
21. [www.modine.com](https://www.modine.com/contact-us/)
22. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257645)
23. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=T14179854)
24. [www.modine.com](https://www.modine.com/who-we-are/about-modine/)
25. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/67347/000006734701500013/r8k430ex.txt)
26. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/67347/000006734705000117/exh991.htm)
27. [investors.modine.com](https://investors.modine.com/news/news-details/2016/Modine-Completes-Acquisition-of-Luvata-Heat-Transfer-Solutions/default.aspx)
28. [investors.modine.com](https://investors.modine.com/news/news-details/2021/Modine-Completes-the-Sale-of-its-Austrian-Automotive-Business/default.aspx)
29. [MODINE MANUFACTURING CO — Full financial report (2025 Y)](https://app.finbar.com/go?id=P109530324)
30. [MODINE MANUFACTURING CO — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49792964)
31. [MODINE MANUFACTURING CO — Full financial report (2026 Y)](https://app.finbar.com/go?id=P123257149)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.