earnings
confidence high
sentiment positive
materiality 0.75
Modine Q1 sales up 3% to $682.8M; raises FY2026 guidance on data center growth
MODINE MANUFACTURING CO
2026-Q1 EPS reported
$0.95
revenue$682,800,000
- Q1 net sales $682.8M (+3% YoY); adjusted EPS $1.06 (+2% YoY).
- Climate Solutions sales +11% to $397.4M on data center and HVAC strength.
- Raises FY2026 outlook: net sales +10-15%; adj. EBITDA $440-$470M.
- Plans to approach $2B data center revenue by FY2028 via capacity expansion.
- Free cash flow $0.2M, down $13.5M YoY; net debt $402.6M.
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