Modine Manufacturing : Segment Product Group Changes
MOD
Published on 07/01/2025 at 11:46
July 2025
Changes in product group reporting structures are a normal part of the 80/20 cycle
In September of 2024, management shared plans for new product groups during
Modine's Investor Day, planned to begin in the 1Q of Fiscal 2026
Due to several recent acquisitions in Climate Solutions and strategic adjustments made in Performance Technologies, management has further adjusted the new product group structure to align with the following:
Revenue will be reported in two product groups: Heavy-Duty Equipment and On-Highway Applications
Advanced Solutions (EV systems) will now be included in On-Highway Applications
Revenue will be reported in three product groups: Heat Transfer Solutions, HVAC Technologies and Data Centers
Commercial IAQ will now be included in HVAC Technologies including revenue from the
recent Climate by Design International acquisition
2
NEW PROODUCT GROUPS
HEAVY-DUTY EQUIPMENT ON-HIGHWAY APPLICATIONS
Off-Highway
GenSets
Automotive (ICE and EV)
Commercial Vehicle
Specialty Vehicle Systems (ICE)
EV Systems (Specialty and Commercial Vehicles)
CURRENT PRODUCT GROUPS
AIR-COOLED APPLICATIONS LIQUID-COOLED APPLICATIONS ADVANCED SOLUTIONS
AC - Automotive
AC - Commercial Vehicle
AC - Off-Highway
AC - GenSets
LC - Automotive
LC - Commercial Vehicle
LC - Off-Highway
EV Systems
EV Automotive
Specialty Vehicle Systems
HEAT TRANSFER SOLUTIONS HVAC TECHNOLOGIES DATA CENTERS
NEW PRODUCT GROUPS
OE and Aftermarket Coils
Refrigeration Coolers
Anti-Corrosive Coatings
Heating Products
School IAQ
Commercial IAQ
Data Center Cooling Products
Edge & Telecom
CURRENT PRODUCT GROUPS
HEAT TRANSFER PRODUCTS HVAC&R DATA CENTERS
OE and Aftermarket Coils
Anti-Corrosive Coatings
Heating Products
Refrigeration Coolers
School IAQ
Commercial IAQ
Data Center Cooling Products
Edge & Telecom
Modine Manufacturing Company
Re-segmentation of Segment Product Groups Revenue (unaudited)
(In millions)
Three months ended
Climate Solutions product groups:
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
FY 2025
FY 2024
HVAC Technologies
$ 50.0
$ 69.5
$ 72.5
$ 65.0
$ 257.0
$ 207.5
Heat Transfer Solutions
144.6
138.0
121.3
135.5
539.4
606.4
Data Centers
162.6
158.9
166.9
155.8
644.2
294.2
External sales
$ 357.2
$ 366.4
$ 360.7
$ 356.3
$ 1,440.6
$ 1,108.1
Performance Technologies product groups:
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
FY 2025
FY 2024
Heavy-Duty Equipment
$ 110.5
$ 102.5
$ 95.5
$ 113.6
$ 422.1
$ 463.3
On-Highway Applications
193.8
189.1
160.6
177.3
720.8
836.4
External sales
$ 304.3
$ 291.6
$ 256.1
$ 290.9
$ 1,142.9
$ 1,299.7
Disclaimer
Modine Manufacturing Company published this content on July 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 01, 2025 at 15:45 UTC.