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 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.
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