Modine Manufacturing Company announced on March 7, 2025, that its Board of Directors authorized a share repurchase program. The program allows the company to repurchase up to $100 million of its outstanding common stock.
Repurchases can be made from time to time on the open market, through privately negotiated transactions, or otherwise. The authorization does not obligate the company to repurchase any specific number of shares.
This share repurchase program reflects Modine's confidence in its business strength and commitment to delivering shareholder value, while maintaining a strong balance sheet and financial flexibility for organic and inorganic growth opportunities.
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