Modine Q1 2025 Earnings Report
Key Takeaways
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.
Net sales increased 6 percent from the prior year, organic sales increased 4 percent.
Operating income increased 12 percent from the prior year.
Earnings per share increased $0.03, or 4 percent, from the prior year.
Adjusted earnings per share increased $0.19, or 22 percent, from the prior year.
Modine
Modine
Modine Revenue by Segment
Forward Guidance
Modine increased its revenue and earnings outlooks for fiscal 2025, expecting business momentum in high-growth areas to offset softness in automotive, agriculture and construction equipment markets.
Positive Outlook
- Net Sales +6 percent to 11 percent
- Adjusted EBITDA $375 to $395 million
- Adjusted EPS $3.65 to $3.95
- Business momentum in high-growth, high-margin areas remains strong
- Favorable sales mix will continue to support improved earnings profile
Challenges Ahead
- Some further softness in the automotive, agriculture and construction equipment markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income