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Dec 31, 2024
Modine Q3 2025 Earnings Report
Modine's third quarter results were reported, showing revenue and gross margin growth driven by strong data center sales, including the benefit from the Scott Springfield acquisition.
Key Takeaways
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.
Net sales increased 10 percent from the prior year.
Net earnings decreased 9 percent from the prior year.
Adjusted EBITDA increased 18 percent from the prior year.
Earnings per share decreased 8 percent from the prior year.
Modine
Modine
Modine Revenue by Segment
Revenue by Segment
Climate Solutions Revenue
CapyFin.comPerformance Technologies Revenue
CapyFin.com Forward Guidance
The company is reaffirming its previously announced guidance for Fiscal 2025, which would result in the third consecutive year of record results. The outlook for the data center business remains strong, driven by both organic growth and the Scott Springfield acquisition. The company expects aggressive cost actions in Performance Technologies segment.
Positive Outlook
- Reaffirming previously announced guidance for Fiscal 2025
- Data center business outlook remains strong
- Driven by both organic growth and the Scott Springfield acquisition
- Investments made to expand technology offerings
- Accelerate new product development
Challenges Ahead
- Vehicular end-markets remain challenged
- Lower volumes in some areas of the business
- Higher SG&A expenses
- Higher restructuring expenses
- Absence of gain on sale of automotive businesses
Revenue & Expenses
Visualization of income flow from segment revenue to net income