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Modine Manufacturing Company (MOD) provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. 
It operates through Climate Solutions and Performance Technologies segments.
The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.
It also provides microchannel, heat recovery, round tube plate fin, and motor and generator cooling coils; evaporator unit, fluid, transformer oil, gas, air blast, and dry and brine coolers, as well as remote condensers; and coatings to protect against corrosion.
In addition, the company offers powertrain cooling products, including engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; auxiliary cooling products, such as transmission and retarder oil coolers, and power steering coolers; and complete battery thermal management systems and electronics cooling packages.
Shares have formed a bullish "cup and handle" following it's earnings report. On November 2nd, MOD reported 2nd Quarter September 2022 earnings of $0.48 per share on revenue of $578.8 million. The consensus earnings estimate was $0.37 per share on revenue of $545.1 million. Revenue grew 20.9% on a year-over-year basis.
The company guided higher. It said it now expects 2022 Adjusted EBITDA of $190.0 million to $200.0 million and continues to expect 2023 revenue of $2.173 billion to $2.296 billion. The company's previous guidance was Adjusted EBITDA of $180.0 million to $195.0 million and the current consensus revenue estimate is $2.29 billion for the year ending March 31, 2023.
Entry Point: $21.25
Stop Loss: $20.00
Trading Range: $7.67 to $22.13
Target Price: $23.35
