other material
confidence high
sentiment neutral
materiality 0.60
Modine realigns segments, recasts FY2026 results; Data Centers revenue $1.1B, adj. EBITDA margin 19.4%
MODINE MANUFACTURING CO
- Effective April 1, 2026, Modine split Climate Solutions into Data Centers and Commercial HVAC segments; now reports three segments.
- Data Centers segment FY2026 net sales $1,108.2M, operating income $194.5M, adjusted EBITDA margin 19.4%.
- Commercial HVAC FY2026 net sales $973.8M, adj. EBITDA margin 16.7%; Performance Technologies $1,131.8M, margin 13.8%.
- Pending spin-off of Performance Technologies and combination with Gentherm expected to close by end of calendar 2026.
- Recast financials show Data Centers revenue grew from $183.7M in Q1 to $401.9M in Q4 FY2026.