Modine completed spin-off. Modine stock falls 2.45 percent

Published on 10/08/2026 at 18:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Modine received USD 156 million after the October 1, 2026 deal. Modine stock costs EUR 165.05 after EUR 169.20, down 2.45 percent.

Key points in brief

Modine completed the spin-off of its Performance Technologies business on October 1, 2026.
The transaction delivered USD 156 million in cash to Modine and 0.44619 Gentherm shares per Modine share.
First-quarter fiscal 2027 revenue rose 28.00 percent to USD 874.10 million, while earnings per share reached USD 1.53 versus USD 1.27 consensus.
Modine stock was at EUR 165.05 at Lang & Schwarz on October 8, 2026, down 2.45 percent from EUR 169.20.

MOD, US6078281002, Illustration mit AI erstellt.

Modine Manufacturing Company (ISIN US6078281002) was at EUR 165.05 at Lang & Schwarz on October 8, 2026 at 6:42 p.m. CEST, down 2.45 percent from the EUR 169.20 prior close. On October 1, 2026, Modine announced that it had completed the spin-off of its Performance Technologies business and its combination with Gentherm.

Three milestones reshape Modine

On September 10, 2026, Modine announced its planned transition to the Modexus Solutions name while retaining the MOD ticker, according to Modine. On September 23, 2026, the company said it planned to fill up to 300 Wisconsin positions tied to data center cooling, as reported by MarketScreener. On October 1, 2026, shareholders received 0.44619 Gentherm shares for each Modine share.

What does the spin-off mean for growth?

The transaction also provided USD 156 million in cash, which Modine used to repay outstanding indebtedness, according to Modine. Its remaining portfolio centers on data center cooling, commercial HVAC and refrigeration, giving the company a narrower operating profile after the separation.

That focus follows a strong first quarter. In the first quarter of fiscal 2027, revenue rose 28.00 percent year over year to USD 874.10 million, while reported earnings per share reached USD 1.53 against USD 1.27 consensus, according to MarketBeat. The revenue comparison shows that demand growth remained visible before the portfolio changed.

Analysts keep targets above the market

Robert W. Baird initiated coverage on October 6, 2026 with an Outperform rating and a USD 300.00 price target, according to MarketBeat. The same report cited a consensus average target of USD 309.50 from eight Buy ratings and two Hold ratings.

Next reporting date remains estimated

Yahoo Finance lists October 27, 2026 as the estimated next earnings date. The upcoming report will give investors the first full period view of the post-spin portfolio.

Modine stock trades after the close

At Lang & Schwarz, Modine stock was trading at EUR 165.05 on October 8, 2026 at 6:42 p.m. CEST, down 2.45 percent versus the EUR 169.20 prior close. The New York Stock Exchange quote was USD 181.34 at 12:52 p.m. ET on October 8, 2026, while the company had a market capitalization of USD 9.6 billion.

The further course of trading is shown by the continuously updated real-time quote of Modine stock.