Key Highlights

  • Modine shares were trading up 27.0% at USD 134.75 on Friday, November 13, 2026, in market data, against a November 12 close of USD 106.10 cited in a published report.
  • A published report citing people familiar with the matter says Samsung Electronics is discussing an Acquisition of Modine, valued at about USD 5.6 billion in one account. Neither company has confirmed it.
  • Fiscal second-quarter Revenue rose 34.6% to USD 994.4 million, with Data Center sales up 95% to USD 439.7 million and data center orders above USD 1 billion.
  • Free Cash Flow was negative USD 140.6 million in the quarter and net Debt rose to USD 573.7 million, while the shares fell 21.43% on November 4 in market data.

A Reported Samsung Approach Drives the Surge

Modine Manufacturing (NYSE:MOD) was trading up 27.0% at USD 134.75 on Friday, November 13, 2026, after a published report said Samsung Electronics is in talks to acquire the data center cooling and thermal management maker. The report cited people familiar with the matter and put the potential value at about USD 5.6 billion, but no per-share price was given. Another outlet said it could not immediately verify the account, and no statement from Modine or Samsung was found. An extended-hours quote of USD 139.04 was about 31.05% above the USD 106.10 close of November 12. Talks are described as early, and an agreement is not assured.

Data Center Growth Meets a Margin Miss

The jump follows a steep slide after fiscal second-quarter results released on November 3, 2026. Revenue rose 34.6% to USD 994.4 million and Data Centers sales climbed 95% to USD 439.7 million, with orders above USD 1 billion and a new hyperscaler award above USD 400 million. Adjusted Earnings of USD 1.35 a share trailed a published consensus of USD 1.55, and consolidated gross margin fell 160 basis points to 20.7%. Market data show the stock fell 21.43% on November 4 and 7.27% on November 5. Management raised its Data Centers sales growth outlook to 80% to 90% but cut its Commercial HVAC margin expansion target to about 100 basis points.

Cash Burn, Net Debt and Deal Uncertainty

Free cash flow was negative USD 140.6 million in the quarter, and net debt rose by USD 210.9 million to USD 573.7 million, according to published coverage of the results. Modine also separated its Performance Technologies unit in October, leaving a Business weighted toward data center and commercial cooling. A reported approach can support sentiment, but it is unconfirmed and could fall through. A deal of this kind would normally need an agreed price, board approvals and regulatory clearances. Until a company statement or filing appears, the move rests on a report, and quoted gains can reverse quickly.

Where Things Stand

The jump is best explained by the reported Samsung Takeover talks, not by new results. Modine Manufacturing (NYSE:MOD) was trading up 27.0% at USD 134.75 after a published report of early discussions, while its last results showed strong data center growth but a margin miss and negative free cash flow. The report is unconfirmed and carries no agreed price. Next markers are any statement from Modine or Samsung, a regulatory filing, and the next quarterly report. The move is the screener figure for the live session.