earnings
confidence high
sentiment neutral
materiality 0.80
Modine Q2 sales +12% to $738.9M, adjusted EPS $1.06, raises FY revenue guidance
MODINE MANUFACTURING CO
2026-Q2 EPS reported
$1.78
revenue$1,421,700,000
- Net sales $738.9M (+12% YoY); net earnings $44.8M (-3%); EPS $0.83; adjusted EPS $1.06 (+9%).
- Climate Solutions segment sales +24% (data center +42%), but gross margin down 440 bps on capacity expansion costs.
- Full-year revenue guidance raised to 15-20% growth (from 10-15%); adjusted EBITDA guidance reaffirmed at $440-470M.
- Free cash flow negative $30.3M in H1, down $87.8M YoY; net debt $498.3M, up $219M from fiscal year-end.
- Performance Technologies sales -4% on commercial vehicle weakness; segment adjusted EBITDA +3% on cost reductions.