earnings
confidence high
sentiment positive
materiality 0.75
Modine Q1 FY2027 revenue up 28% to $874M; Data Centers sales surge 90%
MODINE MANUFACTURING CO
- Net earnings of $74.3M (+44% YoY); adjusted EPS $1.53 vs $1.06 prior year.
- Data Centers segment sales $348.6M (+90% YoY); gross margin fell 960 bps to 20.2% on supply chain constraints.
- Commercial HVAC sales $261.6M (+22%); Performance Technologies down 3% to $277.8M.
- FY2027 outlook reaffirmed: net sales +20-35%, adjusted EBITDA $650-680M.
- Spin-off of Performance Technologies with Gentherm on track for Q4 calendar 2026 close.