Earnings ·
Modine Manufacturing Company reported first quarter fiscal 2027 results for the period ended June 30, 2026
MODModine Manufacturing Co
Modine Manufacturing Company reported first quarter fiscal 2027 results for the period ended June 30, 2026. Net sales increased 28 percent to $874.1 million, driven by a 90 percent surge in Data Centers revenue and a 22 percent increase in Commercial HVAC sales. Net earnings rose 44 percent to $74.3 million, with diluted earnings per share reaching $1.37 compared to $0.95 in the prior year period. Adjusted EBITDA grew 5 percent to $106.5 million. The company reaffirmed its full-year fiscal 2027 outlook, projecting net sales growth of 20% to 35% and adjusted EBITDA between $650 million and $680 million. Modine is a diversified global leader in thermal management technology and solutions.