Modine Earnings Reports

Modine delivered a strong second quarter for fiscal year 2026, with net sales increasing by 12% to $738.9 million, primarily fueled by robust demand in the Climate Solutions segment, especially from data center customers, and contributions from recent acquisitions. Despite a slight decrease in net earnings and operating income due to temporary operating inefficiencies from capacity expansion and an impairment charge, adjusted EBITDA saw a 4% increase. The company also raised its full-year revenue guidance, reflecting confidence in continued growth.

Modine delivered a solid first quarter for fiscal 2026, with net sales increasing by 3% to $682.8 million, net earnings growing by 8% to $51.7 million, and adjusted EBITDA rising by 0.5% to $101.4 million. The Climate Solutions segment was a key driver of growth, benefiting from strong data center product sales and acquisitions, while Performance Technologies experienced a decline due to market weakness and product line exits.

Modine achieved strong results in the fourth quarter of fiscal 2025, with significant increases in net sales, net earnings, adjusted EBITDA, and earnings per share. This performance contributed to record net sales and adjusted EBITDA for the full fiscal year, primarily driven by growth in the Climate Solutions segment, particularly data center cooling products.

Modine reported a 10% increase in net sales to $616.8 million, driven by strong data center sales. Gross profit increased by 18% to $149.6 million, and adjusted EPS increased by 24% to $0.92. The Climate Solutions segment saw a 42% increase in sales, while the Performance Technologies segment experienced a 16% decrease.

Modine reported a 6% increase in net sales to $658.0 million compared to the prior year, with organic sales increasing by 1%. Operating income increased by 15% to $75.3 million, and adjusted earnings per share increased by 9% to $0.97. The strong performance was attributed to continued momentum in key end markets, particularly data centers, and the impact of the Scott Springfield acquisition.

Modine reported a strong start to fiscal 2025, with net sales increasing by 6% to $661.5 million and operating income rising by 12% to $74.4 million. The company's performance was driven by growth in data centers and continued margin improvement, leading to an upward revision of its full-year earnings outlook.

Modine reported a decrease in net sales by 2% to $603.5 million, but achieved a 21% increase in gross profit to $135.3 million. Operating income was $46.8 million, and adjusted earnings per share increased by 15% to $0.77.

Modine reported third quarter fiscal year 2024 results with net sales of $561.4 million and operating income of $61.7 million. EPS was $0.83 and adjusted EPS was $0.74. The company raised its full-year earnings guidance due to strong third quarter results.

Modine reported a 7% increase in net sales, a 79% increase in operating income, and a significant rise in adjusted EBITDA, driven by data center growth and 80/20 initiatives, leading to an upward revision of the full-year earnings outlook.

Modine reported strong Q1 results driven by benefits from 80/20 actions, leading to an upward revision to the full-year earnings outlook. Net sales increased by 15% and operating income increased by 160% compared to the prior year. The company's performance exceeded expectations, with both segments driving strong growth and operational improvements.

Modine reported an 8% increase in net sales to $618.1 million and a significant rise in operating income to $48.5 million, up 135% year-over-year. Earnings per share reached $1.69, a substantial increase from $0.16 in the prior year, with adjusted EPS at $0.67, marking an 18% increase.

Modine Manufacturing Company reported a 12% increase in net sales to $560.0 million, with operating income at $39.5 million. Adjusted earnings per share increased to $0.48, and the company confirmed its fiscal year 2023 earnings outlook.

Modine Manufacturing Company reported a 21% increase in net sales to $578.8 million and operating income increased by $26.3 million from the prior year. The company raised its fiscal 2023 outlook for adjusted EBITDA to $190 to $200 million.

Modine Manufacturing Company reported a 9 percent increase in net sales to $541.0 million, with operating income increasing by $16.9 million to $25.6 million. Earnings per share rose to $0.27, and adjusted earnings per share reached $0.32. The Climate Solutions segment led revenue and earnings growth.

Modine Manufacturing Company reported a 12% increase in net sales for the fourth quarter, reaching $574.4 million. Operating income improved significantly to $20.6 million, and adjusted earnings per share rose to $0.57. The company saw strong growth in its Building HVAC and Commercial and Industrial Solutions segments.

Modine Manufacturing Company reported a 4% increase in net sales to $502.2 million compared to the prior year. Operating income was $79.4 million, a significant increase from the prior year's operating loss, primarily due to impairment charge reversals. Earnings per share was $1.41, and adjusted earnings per share was $0.31.

Modine Manufacturing Company reported a 4% increase in net sales to $478.9 million, driven by market-related volume improvements in BHVAC, CIS, and HDE segments, which was partially offset by a decline in the automotive segment. Operating income decreased to $10.5 million, and earnings per share was $0.01. The company is raising prices to mitigate headwinds from rising raw material prices and supply chain disruptions.

Modine Manufacturing Company reported a 42 percent increase in net sales to $494.6 million compared to the prior year. Operating income was $8.7 million, a $11.9 million increase. Earnings per share was $0.04, and adjusted earnings per share was $0.20.

Modine Manufacturing Company reported a 9 percent increase in net sales for the fourth quarter, reaching $514.9 million. The increase was driven by higher sales volume in the Building HVAC and Heavy Duty Equipment segments, with adjusted earnings per share of $0.51, up from $0.24 in the prior year. The company's performance was in line with expectations as markets continue to recover, with strong cash flow driven by disciplined cost controls and working capital management.

Modine reported a 2% increase in net sales to $484.3 million, driven by favorable currency impacts and higher sales volume in the Heavy Duty Equipment segment. Adjusted EPS increased to $0.41, and strong cash flow resulted in $122.8 million of free cash flow year-to-date. The company maintains its fiscal 2021 outlook.

Modine Manufacturing Company reported second quarter fiscal 2021 results with net sales of $461.4 million, operating income of $28.5 million, and net earnings of $8.9 million. The company saw improvements in margins, earnings, and cash flow due to improving market conditions and cost reduction measures. They also reached an agreement to sell the majority of their automotive business to Dana Incorporated.

Modine Manufacturing Company reported a decrease in net sales by 34% to $347.8 million compared to the prior year, largely due to the impact of the COVID-19 pandemic. The company experienced an operating loss of $3.2 million and a net loss of $8.4 million. However, cash flow improved significantly year-over-year, with $12.3 million in cash flow from operating activities and $3.2 million in free cash flow.

Modine Manufacturing Company reported a decrease in net sales by 15% in Q4 2020 compared to the prior year, driven by market-related volume declines and COVID-19 related plant closures. The company's operating income also declined, impacted by lower gross profit and asset impairment charges.

Modine Manufacturing Company reported a decrease in net sales by 12% to $473.4 million compared to the prior year, driven by market-related volume declines in the VTS segment and lower data center and refrigeration sales in the CIS segment. Earnings per share was $0.02, while adjusted earnings per share was $0.37. The company raised its adjusted EPS guidance range for fiscal 2020 due to a lower expected tax rate and confirmed sales and adjusted operating income guidance.