Modine Acquires L.B. White In $112-Million Deal To Expand HVAC, Agriculture Heating Business
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Modine Manufacturing Acquisition: Modine Manufacturing Co. announced its acquisition of L.B. White for approximately $112 million to enhance its HVAC portfolio, particularly in specialized heating solutions for agriculture and construction markets.
Financial Impact and Integration: The acquisition is expected to generate $73.5 million in revenue for fiscal 2025 and will be immediately accretive to earnings, with L.B. White integrated into Modine’s HVAC Technologies group while retaining its leadership team.
Analyst Views on PHO
Wall Street analysts forecast PHO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PHO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
