Quarterly ResultMay 26, 2026, 04:38 PM
Modine Reports Record FY26 Results; Secures $4B Data Center Chiller Deal
AI Summary
Modine Manufacturing Company announced strong fourth quarter and record full fiscal year 2026 financial results, driven by significant growth in its Climate Solutions segment, particularly data center products. The company secured a landmark $4 billion long-term agreement for chiller sales with a major hyperscale customer for 2027-2029. Modine also advanced its strategic transformation by completing three acquisitions, launching a major capacity expansion, and announcing the pending spin-off of its Performance Technologies business. The outlook for fiscal 2027 projects continued strong growth in net sales and adjusted EBITDA.
Key Highlights
- Secured a landmark $4 billion long-term agreement for data center chiller sales (2027-2029).
- Reported record Q4 net sales of $954.4 million, a 47% increase from the prior year.
- Achieved record Q4 adjusted earnings per share of $1.71, up 53% year-over-year.
- Delivered record full-year net sales of $3.2 billion, a 23% increase from the prior year.
- Recorded record full-year adjusted earnings per share of $5.02, an increase of 24%.
- Climate Solutions segment sales grew 87% to $665.9 million in Q4, driven by 158% growth in Data Centers sales.
- Forecasts fiscal 2027 net sales growth of 20-35% and adjusted EBITDA of $650-680 million.
- Announced pending spin-off of the Performance Technologies business and completed three acquisitions.
Price Impact
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