Modine Files Pro Forma Financials for Gentherm Reverse Morris Trust Transaction
MOD sits 82% above its 52-week low of $102.363.
Summary
Modine filed the required pro forma financial information for its completed Reverse Morris Trust transaction with Gentherm, showing the company's post-spin-off financial position and the debt reduction from $198.6M in cash proceeds.
Key Events · M&A and Partnerships · MOD
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Pro Forma Financials Filed
Modine filed unaudited pro forma consolidated financial statements showing the company's financial position after the Performance Technologies spin-off and Gentherm merger.
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Debt Reduction from Cash Proceeds
Modine received $156.0M cash distribution plus $42.6M cash transfer from SpinCo, using $198.6M to repay revolving credit facility borrowings, reducing long-term debt from $476.2M to $276.0M.
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Revenue Impact of Spin-Off
Pro forma net sales for fiscal 2026 drop from $3,181.1M to $2,055.4M after removing the Performance Technologies business, which contributed $1,125.7M in annual revenue.
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EPS Impact
Pro forma diluted EPS for fiscal 2026 falls from $2.26 to $1.00, reflecting the loss of the Performance Technologies segment's earnings contribution.
Analysis · MOD · Manufacturing
This amendment provides the first look at Modine's post-transaction financial profile. The pro forma statements show the Performance Technologies business contributed roughly $1.1B of annual revenue, and its removal leaves Modine with approximately $2.1B in total assets and $917.5M in equity. The company received $198.6M in cash proceeds, which it used to pay down debt, reducing long-term debt from $476.2M to $276.0M. Pro forma EPS drops from $2.30 to $1.02 for fiscal 2026, reflecting the loss of the higher-margin Performance Technologies segment. This is the first time investors can see the actual financial impact of the spin-off on Modine's continuing operations.
How filings like this one have moved
In the 30 days to Oct 8, 2026, 28.8% of the 1732 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MOD was trading at $185.81 on NYSE in the Manufacturing sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $102.36 to $297.61. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.