Modine reorganizes Climate Solutions into Data Centers and Commercial HVAC, to report three segments

Modine split its Climate Solutions segment into Data Centers and Commercial HVAC and will report three operating segments beginning Q1 FY2027.Key Highlights:Original SEC Filing: MODINE MANUFACTURING CO [ MOD ] - 8-K - Jul. 24, 2026This is an AI-powered summary. It may contain inaccuracies. Consider…

Modine split its Climate Solutions segment into Data Centers and Commercial HVAC and will report three operating segments beginning Q1 FY2027.

Key Highlights:

Effective Apr 1, 2026 Modine reorganized Climate Solutions into two segments: Data Centers and Commercial HVAC to better deploy its 80/20 strategy.
Beginning with Q1 fiscal 2027, Modine will report three operating segments: Data Centers, Commercial HVAC and Performance Technologies.
Modine provided unaudited historical recast segment results (Exhibit 99.1) consistent with the new structure; not a restatement of prior financials.
Modine entered definitive agreements to spin off and combine Performance Technologies with Gentherm via a Reverse Morris Trust expected to close by end of 2026, pending approvals.
Adjusted EBITDA for the twelve months ended March 31, 2026 was $214.7M (Data Centers), $162.4M (Commercial HVAC), $156.5M (Performance Technologies); consolidated adjusted EBITDA $471.0M.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.