Modine Announces $100M Share Repurchase Program

New authorization demonstrates confidence in the future of Modine

RACINE, Wis., March 7, 2025 /PRNewswire/ -- Modine (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced that its Board of Directors has authorized a share repurchase program allowing the company to repurchase up to $100 million of the company's outstanding common stock from time to time on the open market, in privately negotiated transactions or otherwise.

The repurchase program underscores the company's confidence in its long-term strategy and commitment to delivering value to shareholders. The authorization does not require the repurchase of shares or of a specific number of shares. Decisions to repurchase shares or suspend the program will be made at the company's discretion` based on a variety of factors, including ongoing assessments of the capital needs of the business, share price, trading volumes and general market conditions.