05:13 PM EDT, 09/11/2024 (MT Newswires) -- Modine Manufacturing ( MOD ) unveiled late Wednesday a compound average revenue growth target of 10% to 13% from fiscal 2024 through fiscal 2027, excluding any incremental acquisitions, at an investor day.

The company also issued a fiscal 2027 adjusted earnings before interest, taxes, depreciation and amortization margin target of 16% to 18%.

In June 2022, the company outlined average annual revenue growth targets of 6% to 8% in the next two years and 8% to 10% in the following three years, including a renewed focus on acquisitions.

In the same statement in June 2022, the company set adjusted EBITDA margin targets of 10% to 12% within the next two years, reaching 13% to 15% over the next five years.

Shares of the company rose 1.8% in after-hours activity.

Price: 110.08, Change: +1.98, Percent Change: +1.83