Modine Completes Debt Refinancing
The company has finalized a four-year, $145 million revolving credit facility with a syndication of six financial institutions led by JPMorgan Chase Bank, N.A. as Administrative Agent, LC Issuer, Swing Line Lender and as a Lender.
Modine Reports Fourth Quarter, Full Year Fiscal 2010 Results
Fiscal 2010 pre-tax results improve by $92 million, company reports.
Modine Promotes Scott Wollenberg to Vice President, Global Engineering
Wollenberg, 41, is an 18-year Modine veteran.
Modine Board Adds Three New Directors
Joining the Modine Board, effective May 26, are David Anderson, retired president and CEO of Sauer-Danfoss Inc.; Christopher Patterson, retired president and CEO of Daimler Trucks North America LLC; and Larry Moore, retired senior vice president, Module Centers & Operations of Pratt & Whitney, a division of United Technologies Corp.
Modine Delivers Improved Third Quarter Fiscal 2010 Results
Sales volumes declined 7 percent from a year ago, yet improved sequentially across all segments, up 7 percent compared to the second quarter of fiscal 2010, reflecting new program launches and some slight market recovery.
Modine Completes Sale of Korean Subsidiary to KB Synthetics
With this sale, Modine nears completion of its strategic decision to exit the passenger thermal management (passenger compartment HVAC) market.
Modine Reaches Agreement to Sell Korean Subsidiary to KB Synthetics
This move allows the Korean-based KB Synthetics and its affiliates to expand their product offering of quality parts to the Korean automotive, commercial vehicle and off-highway markets.
Modine Wins New Power Train Cooling Business with Daimler India
Companies partnering to develop solutions to meet higher truck emission standards.
Modine Announces Resignation of CFO and Director Bradley Richardson
Following Richardson’s departure, Robert Kampstra, vice president and corporate controller, will assume the responsibilities of the chief accounting officer while the company initiates the process for identifying Richardson’s successor.
Modine Reports Second Quarter Fiscal 2010 Results
Sales volumes declined 28 percent from a year ago as a result of the economic downturn, yet improved sequentially across all segments, up 11 percent compared to the first quarter of fiscal 2010.