Modine Manufacturing Co reported results for the 2026 quarter with revenue of $874.1M, net income of $73.9M and diluted earnings per share of $1.37, versus $682.8M, $51.2M and $0.95 in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$874.1M$682.8M28% | Net income²$73.9M$51.2M44.3% | Diluted EPS³$1.37$0.9544.2% |
¹ Reported as “Net sales”. ² Reported as “Net earnings attributable to Modine”. ³ Reported as “Diluted earnings per share attributable to Modine shareholders”.
Business Highlights
- Revenue growth was driven by a 90% increase in Data Centers sales to hyperscale customers.
- The company reorganized Climate Solutions into Data Centers and Commercial HVAC to sharpen focus and pursue an 80/20 strategy.
- Three fiscal 2026 acquisitions — L.B. White, Climate by Design and AbsolutAire — bolstered Commercial HVAC sales.
- Rapid U.S. manufacturing expansion for data center cooling added capacity but caused temporary inefficiencies and higher material costs.
- Modine entered a definitive Reverse Morris Trust transaction with Gentherm to spin off Performance Technologies while retaining Data Centers and Commercial HVAC.
Original SEC Filing:
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