RACINE, WI — Modine President and CEO David Rayburn rang the bell this morning to open trading on The New York Stock Exchange (NYSE) celebrating the start of trading of Modine common stock on the NYSE. Modine common stock will be traded under the new ticker symbol “MOD.” The company transferred its common stock to the NYSE on October 14 from the NASDAQ where it had been traded under the ticker symbol “MODI.”
Bear Wagner Specialists LLC is serving as the specialist firm for Modine common stock.
Yesterday, Modine CEO Dave Rayburn and CFO Brad Richardson conducted a conference call from the NYSE to discuss the company’s fiscal 2005 second quarter results, which included net income more than tripling, and sales increasing 30 percent versus the comparable 2003 quarter.
Exports from the U.S. and sales from foreign locations accounted for 47 percent of Modine’s fiscal 2004 revenues of $1.2 billion. In addition, the company has significantly broadened its global presence with a major expansion into Asia through the recent acquisition of the Automotive Climate Control Division of WiniaMando Inc.
Other Modine corporate officers on hand at today’s podium ceremony include Vice President, Finance and CFO Brad Richardson; Group Vice President Jim Rulseh; Group Vice President Chuck Katzfey; Vice President, General Counsel and Secretary Dean Zakos; Senior Counsel and Assistant Secretary Margaret Kelsey; and Controller Steve Bullmore.
For more information about Modine, go to: www.modine.com.
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