earnings
confidence high
sentiment neutral
materiality 0.80
Modine Q2 adj EPS $1.06 (+9% YoY) on $738.9M revenue (+12%); raises FY revenue outlook to +15-20%
MODINE MANUFACTURING CO
2026-Q2 EPS reported
$1.78
revenue$1,421,700,000
- Net sales $738.9M (+12% YoY); adj EPS $1.06 (+9% YoY) vs $0.97; GAAP EPS $0.83 (down 3%).
- Climate Solutions sales up 24% to $454.4M, data center up 42%; gross margin down 440 bps from capacity expansion costs.
- Performance Technologies sales down 4% to $286.3M; operating income down 4% to $29.7M.
- FY revenue growth guidance raised to 15-20% (from 10-15%); adj EBITDA reaffirmed $440-470M.
- Free cash flow negative $30.3M in H1; net debt up $219.1M to $498.3M due to acquisitions and capex.