Quarterly ResultJul 29, 2026, 05:11 PM
Modine Q1 Net Sales $874.1M (+28%); EPS $1.37 (+44%); Reaffirms FY27 Outlook
AI Summary
Modine Manufacturing Company reported strong first-quarter fiscal 2027 results, with net sales increasing 28% to $874.1 million and diluted EPS rising 44% to $1.37. The company reaffirmed its full-year fiscal 2027 outlook, anticipating continued record-breaking results. Growth was primarily driven by the Data Centers segment, which saw a 90% sales increase, and Commercial HVAC, up 22%, despite supply chain constraints impacting Data Centers' margins. Modine also confirmed that the spin-off and merger of its Performance Technologies segment with Gentherm remains on schedule for calendar Q4.
Key Highlights
- Net sales increased 28% to $874.1 million for Q1 fiscal 2027.
- Diluted EPS rose 44% to $1.37.
- Adjusted EBITDA grew 5% to $106.5 million.
- Data Centers segment sales surged 90% to $348.6 million.
- Commercial HVAC segment sales increased 22% to $261.6 million.
- Reaffirmed Fiscal 2027 outlook: Net Sales +20-35%, Adjusted EBITDA $650-680 million.
- Performance Technologies spin-off with Gentherm on track for calendar Q4.
- Free cash flow was a use of $5.0 million due to higher capital expenditures.
Price Impact
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