Modine has secured a Long-Term Capacity Agreement worth over $4 billion to supply its Airedale data center cooling products from 2027 to 2029. The deal includes a $165 million upfront payment to support capacity investments, reinforcing Modine's leadership in data center cooling technology. This agreement supports Modine's growth strategy in the expanding data center market and strengthens its partnership with a key customer. The company plans to use the funds to expand operations and meet increasing demand for its advanced cooling solutions.
Modine Manufacturing Company anticipates a 34.8% rise in Q2 earnings per share to $1.51 and revenue of $920.67 million, driven by a major $4 billion long-term contract to supply cooling solutions to a data center from 2027 to 2029. The company has al...
This week, investors focus on key economic data including Core PCE inflation and GDP figures, which will influence Federal Reserve rate expectations and Treasury yields. Fed officials' speeches may further sway market views on monetary policy. Earnin...
