earnings
confidence high
sentiment positive
materiality 0.85
Modine Q3 adj. EPS $1.19 tops $0.92 YoY; raises FY2026 EBITDA view to $455-475M
MODINE MANUFACTURING CO
2026-Q3 EPS reported
$0.90
revenue$2,226,700,000
- Net sales $805.0M (+31% YoY); adj. EPS $1.19 vs $0.92; GAAP net loss $46.8M on $116.1M pension charge.
- Climate Solutions sales +51% to $544.6M; data center sales +78% YoY; segment margins down 380bps due to capacity expansion.
- FY2026 guidance raised: net sales growth 20-25%; adj. EBITDA $455-475M (up 16-21% YoY).
- Multi-year data center growth target raised to 50-70% annually; on track for $2B revenue by FY2028.
- Announced pending spin-off of Performance Technologies to combine with Gentherm (THRM).