Added to YB: 2026-06-25
Pitch date: 2026-06-23
MOD [neutral]
Modine Manufacturing Company
Author Info
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Company Info
Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally.
Market Cap
$14.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
30.64
P/E
122.77
EV/Sales
4.77
Sector
Building Products
Category
special_situation
$MOD: what's left after the spin is a data-center cooling pure-play — at a data-center multiple
MOD (overview): Spinning cyclical Performance Tech into Gentherm via tax-free RMT (~$1B, closes YE26), leaving pure-play data-center cooling (Airedale). Stock ~$297, ~$15B cap, +105% YoY near record. >$4B Airedale backlog '27-29, $165M upfront from one undisclosed customer. Already re-rated to DC multiple—single-customer/AI capex risk. Not a cheap-stub pitch.
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